Analysis of Display Glass Substrate market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Display glass substrate is a special glass used for supporting TFT (Thin Film Transistor), LCD (Liquid Crystal Display) and OLED panels forming display units for products including televisions, personal computers and mobile phones. Ever display panel consists of various components stacked in a number of layers, which includes a color filter, a polarizer and a liquid crystal display with the glass substrate being the most important.
In 2016, the display glass substrate market was valued at US$ 1.42 Billion and is projected to reach US$ 1.97 Billion by 2028, growing at a CAGR of 5.7%. With the expanding demand for consumer grade electronic devices such as smartphones, laptops and personal computers, the global display glass substrate market is expected to grow during the forecast period.
The expanding use of LCD’s in smart handheld devices, consumer durables, and other automotive applications is one of the most powerful factors projected to drive the growth of the display glass substrate market. Moreover, the advancements in the electronics and semiconductor industries are further projected to drive the increasing demand for display glass substrates.
The electronics industry is the largest end-using commerce segment that suitably utilizes display glass substrates and the general growth for the display glass substrate market is heavily dependent on it. Increasing in manufacturing of display devices, electronic components, semiconductor devices, MEMS (Microelectronic Mechanical System) devices, and computing & telecommunication devices is expected to drive the growth of the display glass substrate market.
However, the immense manufacturing cost of display glass substrates acts as a restraint to the expansion of the display glass substrate market. Manufacturers of display glass substrates are focusing on directing their earnings through several process control techniques with the aim of optimizing production costs to a certain level.
Asia Pacific is accredited to be the largest market for display glass substrates. The display glass substrate market in the Asia Pacific region is estimated to grow at the highest CAGR during the forecast period owing to the occupancy of numerous electronics manufacturers in this region.
China, Hong Kong and South Korea are expected to account for the largest share of the glass substrate market in the Asia Pacific region in 2028 as most of the major producers of display glass substrates such as Nippon Sheet Glass (Japan) and The Tungshu Group (China) are located in the Asia Pacific region. The Asia Pacific region accounts for over 37% of the total display glass substrate market. Other regions include North America and Europe with a market share of 8% and 3% in the global display glass substrate market.
Some of the key players in the global display glass substrate market are Corning Incorporated, LG Chem, AGC Incorporated, AvanStrate Incorporated, SCHOTT Ag, Tungshu Optoelectronics, IRICO Group New Energy Company Limited and CGC Glass.
The research report presents a comprehensive assessment of the display glass substrate market and contains thoughtful insights, facts, historical data and statistically supported and industry validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report of display glass substrate market provides analysis and information according to the different market segments such as geographies, grade type and application.
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The display glass substrate market report is a compilation of first-hand information, qualitative and competitive assessment industry analysts, inputs from industry experts and industry participants across the value chain. The report for display glass substrate market provides an in depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global display glass substrate market can be segmented on the basis of type, application and region.
On the basis of type, the display glass substrate market can be segmented into:
On the basis of application, the display glass substrate market can be segmented into:
On the basis of region, the display glass substrate market can be segmented into
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The display glass substrate market is expected to grow at 5.7% CAGR during 2018-2028.
Advancement in electronica and semiconductor industries to drive the display glass substrate market growth.
Asia Pacific accounts for a leading share of the global display glass substrate market.
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