Glass Substrate Market - By Type (Borosilicate, Silicon, Fused Silica/Quartz, Aluminosilicate, Ceramic), By End-use Industry (Electronics, Automotive, Healthcare, Aerospace & Defense, Energy) & Forecast, 2024 – 2032

Glass Substrate Market Size

Glass Substrate Market was valued at over USD 7 billion in 2023 and is estimated to register a CAGR of over 3.5% between 2023 and 2032. The rising demand from the electronics industry is significantly driving the industry. Glass substrates are essential for manufacturing electronic devices such as smartphones, tablets, televisions, and wearables, creating a need for high-quality displays and touch panels. Increasing consumer preference for larger, higher-resolution displays, sleek designs aesthetics, and thinner form has further boosted the demand for advanced glass substrates.
 

For instance, in September 2023, Intel, an electronics company, announced a new glass-substrate technology for the next generation of high-power processors. The glass substrate is required for applications and workloads requiring larger form of factor packages and higher speed capabilities.
 

Glass substrates are gaining popularity in advanced packaging as they have greater signal performance and denser routing than currently available organic substrates. For new applications requiring dense, high-performance interconnects, glass offers an appealing substitute to conventional substrates due to its greater flatness, insulation, and thermal qualities and have significantly increased the demand for high-quality glass substrates. As consumer preferences lean toward devices with better visual quality, higher resolutions, and thinner profiles, manufacturers are compelled to adopt advanced glass substrates to meet these demands. Innovations, such as flexible and foldable displays further boost the need for specialized glass substrates that can accommodate these new form factors. For instance, in March 2022, Samsung Display Corporation (SDC) for its new line of Quantum Dot (QD) display panels has chosen Corning Astra Glass by Corning Incorporated. QD display panels are essential to the ability to provide bright, rich color on large-screen TVs and monitors. QD technology delivers more advanced advantages to the viewing expertise, including a wider view angle, improved color performance, greater response speed, and more efficiency.
 

Although glass is inexpensive and has some significant physical similarities to silicon, issues related to handling, stress, and accumulation still need to be resolved. There is a dearth of information regarding behavior under various pressures that could impact lifespan and performance of glass substrate in practical applications. The disposal and recycling of glass substrates at the end of their lifecycle presents further challenges due to the potential for environmental impact.
 

Glass Substrate Market Trends

The growing adoption of glass substrate in semiconductor packaging industry is witnessing a surge in demand for low-temperature co-fired ceramic (LTCC) substrates owing to their superior thermal and electrical characteristics. High heat conductivity, little dielectric loss, and interoperability with a broad variety of semiconductor devices are some benefits of LTCC substrates. These substrates are a popular option for manufacturers trying to enhance the performance of their semiconductor packages as they are especially well-suited for high-frequency and applications that require considerable power. Glass substrates that can handle advanced packaging technologies such as FOWLP (fan-out wafer-level packaging) and SiP (system-in-package). Glass substrates with intricate geometry and high-density are being developed by manufacturers, opening the door for semiconductor packages to use cutting-edge packaging techniques. For instance, in Sept 2023, Intel unveiled one of the first glass substrates in the industry for next-generation advanced packaging. This ground-breaking technology will allow transistors in a package to continue scaling, resulting in data-centric applications.
 

The growing adoption of wearable electronics represents an ongoing trend in the glass substrate market, fostering demand for specialized substrates tailored to the unique requirements of wearable devices. With the increasing demand for fitness trackers, Augmented Reality (AR) glasses, and other wearable gadgets, there is a growing need for advanced glass substrates capable of enduring the demands of daily use while delivering optimal performance. For instance, in November 2023, Humane, an electronics company, launched its flagship product, AI Pin, a wearable AI assistant with a ‘less is more’ approach. The lapel-worn device utilizes AI as a daily assistant at the size of a smartwatch and the power of a smartphone.
 

Glass Substrate Market Analysis

Based on type, the market is segmented into borosilicate, silicon, fused silica/quartz, aluminosilicate, and ceramic. The borosilicate segment held the largest market share of over 30% in 2023. In display technologies, borosilicate glass substrates are favored for their ability to withstand high temperatures during manufacturing processes and maintain dimensional stability, crucial for large area displays such as LCD and OLED screens. In the semiconductor industry, borosilicate glass substrates are preferred for their compatibility with photolithography processes and their ability to provide precise patterning and etching. Borosilicate glass finds extensive uses in laboratory glassware, pharmaceutical packaging, and industrial applications due to its resistance to thermal shock and chemical corrosion, thereby fueling segment growth.
 

Based on end-use industry, the glass substrate market is segmented into electronics, automotive, healthcare, aerospace & defense, energy, and others. The automotive segment is anticipated to register a CAGR of over 5% from 2024 to 2032. With the increasing integration of advanced technologies such as Heads-up Displays (HUDs), infotainment systems, and advanced driver assistance systems (ADAS) into vehicles, there is a growing need for high-quality glass substrates to support these applications. Glass substrates provide the optical clarity, durability, and reliability required for automotive displays and sensors. The trend toward electric & autonomous vehicles further fuels the demand for glass substrates for various applications including interior displays, exterior lighting, and LiDAR systems. Furthermore, stringent safety regulations mandating the use of durable and shatter-resistant materials in automotive glazing contribute to the adoption of glass substrates.
 

Asia Pacific is anticipated to register a CAGR of over 4% from 2024 to 2032. The region is home to some of the world's largest electronics manufacturing hubs including China, Japan, South Korea, and Taiwan. These countries have robust consumer electronics industries that require glass substrates for displays, touch panels, and semiconductor manufacturing, contributing significantly to market growth. Rapid urbanization and rising disposable incomes in these countries have led to increased demand for consumer electronics, automotive components, and solar panels—all of which rely on glass substrates. Moreover, government initiatives promoting renewable energy adoption, coupled with the expansion of solar power projects in countries including China and India, boost the demand for glass substrates in the photovoltaic industry.
 

Glass Substrate Market Share

AGC Inc. and SCHOTT AG hold a significant share of over 20% in the glass substrate industry. AGC Inc. is one of the world's largest manufacturers of glass products including flat glass for architectural and automotive applications, specialty glass for electronics and displays, and glass fibers for insulation and reinforcement purposes.
 

SCHOTT AG is a multinational company specializing in glass and glass ceramics manufacturing across various industries. SCHOTT manufactures glass substrates used in displays for electronic devices such as smartphones, tablets, laptops, and televisions. These substrates are engineered to provide optimal optical clarity, durability, and thermal stability required for modern display technologies such as LCD, OLED, and micro-LED.
 

Glass Substrate Market Companies

Major players operating in the glass substrate industry are:

• AGC Inc.
• SCHOTT AG
• Corning Incorporated
• Nippon Electric Glass Co., Ltd.
• HOYA Corporation
• Toppan Inc.
• Ohara Inc.
   

Glass Substrate Industry News

• In November 2023, AUO Corp., a flat panel supplier company, began operations of the second phase of its sixth-generation Low-temperature Polycrystalline Silicon (LTPS) LCD fabrication in Kunshan, China, to increase production of glass substrates. With the newly added capacity in its Kunshan plant, it can produce over 40,000 units of glass substrates per month.
   
• In June 2023, Saint-Gobain India Pvt Ltd., a glass manufacturing company, launched low-carbon glass, expected to reduce carbon emissions by approximately 40%. Despite its low carbon properties, this new glass substrate will retain the same level of technical, quality, and aesthetic performance as regular glass. The development is attributed to the use of two-thirds of recycled content as raw material, as well as the utilization of natural gas and electricity derived from renewable energy sources.
   

The glass substrate market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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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
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA