Glass Substrate Market

Glass Substrate Market Size

The global glass substrate market was estimated at USD 7.2 billion in 2024, and it is expected to grow at a CAGR of 3.7% from 2025 to 2034 owing to the increased demand for technological innovations like flat panel displays, solar panels, and optical devices. Glass substrates are essential for consumer electronics as well as renewable energy due to their superior durability, transparency, and heat resistance. The growth is sustained through development in display technology, in particular OLED and LCD, and growing solar energy systems that require superior glass substrates.

The advancement of the glass substrate market is fueled by the rise in consumer electronics manufacturing, notably the production of smart devices and electronic displays. The need to optimize display size and thickness on smartphones, televisions and even in automotive applications promotes the adoption of glass substrates.

Glass substrates are anticipated to be the next-generation chip substrate, replacing conventional substrates based on plastic materials. As more companies invest in R&D to address manufacturing challenges, it is expected that glass and glass-core substrates to play an important role in semiconductor packaging, particularly in high-frequency and high-density applications. Additionally, the continuous transformation of the automotive industry towards electric vehicles (EVs), as well as self-driving cars, increases the demand for specialized glass substrates employed in sensors, displays, as well as in windshields.

Furthermore, Asia Pacific region has the largest share of the market on glass substrates owing to the high concentration of major display and solar panel manufacturing companies in China, Japan, and South Korea. Yet, the North America and Europe markets are likely to see significant growth in the next few years due to increased spending on renewable energy infrastructure and new advancements in display technologies. As innovations occur and industries grow, the global glass substrate industry will continue to grow because of more regions discovering previously unexplored opportunities alongside traditional sectors.

Glass Substrate Market Trends

• Glass substrates in high-tech applications: Glass substrates are preferred in high-tech applications because of their low dielectric loss, outstanding surface quality, high thermal stability, and suitability for advanced packaging and 5G applications. Market leaders are more and more appreciating glass as a material of choice as compared to other materials like silicon and organic laminates for more complex and miniaturized components.
  
• New frontiers in technology: The adoption of precision machining for the fabrication of ultra-thin, high-quality glass substrates has increased, along with OLED and micro-LED displays. Moreover, innovations in ion-exchange processes along with chemical strengthening are extremely crucial for modern electronics.
  
• Future of glass substrates: Glass substrates have the substantial potential to achieve the 1µm L/S technology node due to their stability and electrical properties. Furthermore, replacing plated through holes (PTHs) with glass vias (TGVs) increases the density of front-to-back connections
  
• Fostering technical innovations: R&D policies regarding high-performance materials for aerospace and automotive purposes are rapidly growing, and they will unlock new future potentials for the market. When combined with funding from the private sector, these policies will largely enhance innovation and agile responsiveness to changing requirements in high-tech sectors.
  

Glass Substrate Market Analysis

Learn more about the key segments shaping this market

Download Free PDF

Based on type, the market is divided into borosilicate, silicon, fused silica/quartz, aluminosilicate, and ceramic. Borosilicate segment generated a revenue of USD 2 billion in 2021 and USD 2.2 billion in 2024 at a CAGR of 4% due to its exceptional properties such as chemical stability, high thermal resistance, and high durability.

• Borosilicate glass is most preferred due to its outstanding, chemical, physical, optical, and bonding properties. These substrates are particularly preferred in high value-added industries like electronics, pharmaceuticals and solar energy. Furthermore, borosilicate glass is very much in demand for display panels because of its heat resistance and optical clarity. The increases in OLED and LCD display markets also intensify this demand because borosilicate substrates are essential for these modern technologies.
  
• The renewable energy market, especially solar panels, has further increased the adoption of borosilicate glass which contributes the most to solar energy. These substrates in solar applications are ideal because of their extreme temperature tolerance and enhanced impact resistance to harsh environmental conditions. As the worldwide energy target increases. It is expected that borosilicate glass will significantly enhance its prominence as a key type in the market aiding solar demand.
  

Learn more about the key segments shaping this market

Download Free PDF

Based on end use industry, the glass substrate market is divided into electronics, automotive, healthcare, aerospace & defense, energy, and others. In 2024, electronics segment held major market share, accounting for 38.6% share due to increased demand in consumer electronics and innovation in technology.

• The electronics segment holds the largest market share of the glass substrates market. Substrates are crucial components in the production of flat panel displays, smart devices, and other consumer electronics. For manufacturers, glass substrates are an excellent choice due to their high optical clarity, durability, and outstanding resistance to heat. This, coupled with the rise in demand for advanced display technologies including OLED, LED, and LCD, serves as the reason for the robust market in electronics.
  
• Glass substrates have emerged as a promising alternative with distinct benefits for semiconductor packaging. Major chipmakers, including Intel, AMD and Samsung, have development efforts focused on using glass or glass-core substrates for next-generation devices.
  
• Moreover, the growing trend of miniaturization of electronics devices and increasing demand for flexible, more durable displays is also fueling growth within the segment. Glass substrates are used not only in flat panel display screens, but in touch sensors, touch panels, and optical systems for various applications in electronics. As production volume of electronics continues to increase across the globe–specifically for mobile and wearable electronics–the electronics segment will continue to dominate the glass substrates market.
  

Looking for region specific data?

Download Free PDF

China glass substrate market generated a revenue of USD 992.3 million in 2024. China market is projected to grow at a CAGR of 3.9% reaching USD 1.5 billion by 2034. This rapid growth will be driven by the government heavily investing in subclass technologies and infrastructure.

• China’s market for glass substrate is growing, in part to BOE Technology Group and TCL’s state-of-the-art flat surface displays. This enables China to gobble up more of the world’s glass substrate market and more importantly allow China to further dominate in the world of electronics and solar energy. The aggressive expansion of the semiconductor industry in China has also increased the demand for high-performance glass substrates utilized in the fabrication of semiconductors.
  
• China plays a crucial role in world solar energy by producing more than 70% of solar panels. China’s Clean energy initiatives like “14th Five-Year Plan for Ecological and Environmental Protection” increase the demand for high-performance glass substrates. In response to the government, manufacturers are looking to develop more efficient and lower-cost glass substrates for solar panels as China strives to achieve carbon neutrality by 2060. Ultimately, this will lead to substantial growth in the glass substrates industry.
  

The glass substrate market in U.S. is expected to experience promising growth from 2025 to 2034 due to growth of increasing consumption within the country.

• The U.S. is a world leader in innovation and is advanced in renewable energy and high-tech manufacture, putting them as a key contributor in the market. Recently, there has been a shift towards energy saving and environmentally friendly glass substrates for solar components and for electronics, as was targeted by the Inflation Reduction Act of 2022. This act lowered the restriction in financing the U.S. solar panels manufacturers, thus creating more demand for glass substrates.
  
• In addition, the U.S. has displayed advanced development in the realms, especially in display technology progress, specifically in the OLED segment. Corning, which manufactures glass substrates for displays and other electronic devices, is expanding its product portfolio and continues to develop new products. The next generation of smartphones, TVs, and automotive displays has created a demand for ultra-thin, high strength glass substrates. Furthermore, the growing use of glass for in-vehicle displays and sensors by the automotive industry is further fueling the market. The high expenditures by the government on R&D in high technology industries will sustain the position of the US market in the glass substrate market.
  
• Corning’s plans to invest up to USD 1 billion over the five years in a new facility in India aims to take advantage of high demand for mobile devices. The company estimates the glass substrates demand will reach over USD 2 billion in the next five years, when the new plant will help to meet that demand. Global investments in cutting-edge high-tech industries are expected to grow exponentially, fostering the emergence of new business lines along product development and service provision. With high government expenditures allocated towards research and development, sustained leadership over the U.S. market can be expected.
  

Glass Substrate Market Share

Top 5 companies in the glass substrate industry are Corning, AGC, and SCHOTT, Nippon Electric Glass, and HOYA Corporation. The competitive landscape of the global market is consolidated in nature, featuring both well-developed multinational corporations and mid-size companies. There is stiff competition within the global glass substrate industry, as several significant businesses hold substantial market shares while smaller businesses compete within their niche segments.

Some of the key reasons for the competition in the glass substrate market include competitive pricing, responsive consumer product innovation, and advancement and shifts within the market. The price competitiveness of companies remains a key factor in the market, especially in the mass production setting. However, in high-tech application areas like OLED displays and solar panels, competition has shifted to material and product quality. Companies are open to investing in R&D for the development of new advanced glass substrates that address the issues of thickness, strength, and sustainability. Additionally, major companies are also pursuing partnerships through strategic alliances, joint ventures (JVs), and mergers and acquisitions to increase their market share and technological capabilities.

Glass Substrate Market Companies

Corning is one of the top players in the glass substrate industry, particularly in display technology. Corning also works with leading technology firms and manufacturers to create custom-built substrates for various applications to adapt to the changing demands of the electronics market.

AGC is another global competitor which is primarily engaged in the manufacture and supply of high-quality glass substrates for electronics, automotive, and solar applications. AGC has positioned itself strategically with a major focus on sustainability and technological innovation. The company has manufactured glass substrates that respond to the increased market need for energy efficient appliances, particularly in solar panels. AGC is expanding its scope into emerging industries such as electric vehicles to create an eco-friendly solution which strengthens its market position as a leader in high performance environmentally responsible glass substrates. Both companies will have to continue to innovate and respond to market shifts for advancing technology and customer needs for strong and efficient products.

Some of the eminent market participants operating in the glass substrate market include:

• Absolics
• AGC
• Applied Materials
• Corning
• Guardian Industries
• HOYA Corporation
• Kyodo International
• Nippon Electric Glass
• NOVA Electronic Materials
• Ohara
• Saint-Gobain
• Samsung Display
• SCHOTT 
• Shin-Etsu Chemical
• TOPPAN
  

Glass Substrate Industry News

• In November 2024, AGC announced that its glass substrate M100/200 series for AR/MR glasses has been selected as an ‘Honoree’ in the CES 2025 Innovation Awards program. CES is a highly influential tech event held annually in Las Vegas, serving as a global platform for innovation. The CES Innovation Awards recognize products and services with outstanding design and engineering from among the many entries submitted by CES exhibitors worldwide. The M100/200 series has been honored in the ‘XR Technologies & Accessories’ category.
  
• In September 2024, Corning unveiled Corning EXTREME ULE Glass, a next-generation material that will support chip manufacturers in meeting the rapidly growing demand for advanced and intelligent technologies. The new material is expected to help chipmakers improve photomasks – the stencils for chip design – which are critical for the mass production of today’s most advanced and cost-efficient microchips.
  
• In May 2024, Samsung Electro-Mechanics fast-tracked its venture into the semiconductor glass substrate market, advancing its equipment procurement and installation to September and starting to operate its pilot line in the fourth quarter, a quarter ahead of the initial plan. The company expects to start production of glass substrates for high-end system-in-packages in 2026.
  
• In April 2024, SCHOTT launched pilot projects on glass-ceramics and specialty glass for a more circular economy. SCHOTT is continuing its transformation into a sustainable company.
  
• In September 2023, Intel launched glass substrates for advanced packaging. These glass substrates possess mechanical, physical, and optical properties that allow for more transistors to be connected in a package.
  

The glass substrate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Type

• Borosilicate
• Silicon
• Fused silica/quartz
• Aluminosilicate
• Ceramic

Market, By End Use Industry     

• Electronics
• Automotive
• Healthcare
• Aerospace & defense
• Energy
• Others

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands 
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa