Glass Substrate Market Report 2025

This Glass Substrate market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The glass substrate market size has grown strongly in recent years. It will grow from $7.9 billion in 2024 to $8.43 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increased demand for solar power, increased use in automotive applications, increased demand for energy-efficient glass substrates, increased demand for high-speed data transfer, and increased use in industrial applications.

The glass substrate market size is expected to see strong growth in the next few years. It will grow to $10.85 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing demand for consumer electronics, increasing use in aerospace and defense applications, increasing use in industrial infrastructure projects, surging needs in automobile and transportation sectors, and increasing use in medical equipment. Major trends in the forecast period include demand for high-quality products, adoption of LCDS in vehicles, demand for smart handheld devices, demand for semiconductors, and demand for high-definition displays.

The glass substrate market is anticipated to experience growth driven by the increasing demand for consumer electronics in the coming years. Consumer electronics encompass a wide array of personal electronic devices such as smartphones, laptops, tablets, and televisions. This demand surge is fueled by advancements in technology and the integration of smart features into everyday gadgets. Glass substrates are contributing to the enhancement of consumer electronics by enabling sleek designs, larger displays, and improved durability, particularly in devices such as smartphones and tablets. For example, in May 2023, as reported by the Japan Electronics and Information Technology Industries Association, Japan's total electronic equipment production reached $48,86,350 million (¥771,457 million). Concurrently, consumer electronics production rose from $1.6 trillion (¥25,268 million) in May 2022 to $2.03 trillion (¥32,099 million) in May 2023. This growth underscores the impact of consumer electronics demand on the glass substrate market.

Major players in the glass substrate market are intensifying their efforts to develop innovative products, such as high-performance glass substrates, to enhance the performance and reliability of advanced electronics, display technologies, and renewable energy systems. High-performance glass substrates are specialized materials engineered to exhibit superior properties such as high optical clarity, thermal stability, chemical resistance, and mechanical strength. For instance, in September 2023, Intel Corporation launched industry-leading glass substrates designed to meet the increasing demand for more robust computing capabilities. These substrates offer improved thermal management and electrical insulation, enabling the development of powerful and efficient computing systems.

In May 2024, Vedanta Ltd., an India-based mining company, acquired AvanStrate Inc. This acquisition strengthens Vedanta's foothold in electronics manufacturing, aligning with the rising demand for electronic devices globally. AvanStrate Inc., based in Japan, specializes in high-quality TFT LCD glass substrates, adding to Vedanta's capabilities in meeting the growing needs of electronic devices in India and worldwide.

Major companies operating in the glass substrate market are Asahi Glass Co. Ltd., Corning Incorporated, Toppan Inc., HOYA Corporation, Guardian Glass, Schott AG, Nippon Electric Glass Co. Ltd., Dongxu Group Co. Ltd., China Glass Holdings Limited, Viracon Inc., IRICO Group Electronics Co. Ltd., OHARA Inc., GIO Optoelectronics Co. Ltd., Tecnisco Ltd., 3D Micromac AG, SwissOptic AG, Abrisa Technologies Co., Kopp Glass Inc., Swift Glass Company, Rayotek Scientific Inc., Mo-Sci Corporation, Foshan Xingang Glass, Precision Glass & Optics (PG&O), The Tunghsu Group, Plan Optik AG.

North America was the largest region in the glass substrate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glass substrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the glass substrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A glass substrate refers to a flat piece of glass utilized as a foundational or supportive material across diverse technological applications. It offers a stable and smooth surface essential for layer deposition and device construction due to its durability and transparency, which are crucial for precise and high-performance applications.

Glass substrates come in several types, including borosilicate-based, fused silica, quartz-based, silicon, and others. Borosilicate glass substrates are particularly notable for their high thermal shock resistance. These substrates vary in diameter, ranging from 300 mm to 100 mm and beyond, and find application in diverse fields such as wafer packaging, substrate carriers, and TGV interposers. They serve multiple industries including automotive, aerospace and defense, healthcare, solar power, electronics, and others.

The glass substrate market research report is one of a series of new reports that provides glass substrate market statistics, including glass substrate industry global market size, regional shares, competitors with a glass substrate market share, detailed glass substrate market segments, market trends, and opportunities, and any further data you may need to thrive in the glass substrate industry. This glass substrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The glass substrate market consists of sales of transparent panels, precision glass components, display substrates, and optical lenses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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