The report "Glass Substrate Market by Type (Borosilicate, Silicon, Ceramic, and Fused Silica/Quartz-Based Glass Substrates), End-Use Industry (Electronics, Automotive, Medical, Aerospace & Defense, Solar), and Region - Global Forecast to 2022", The glass substrate market is estimated to be USD 1.49 Billion in 2017 and is projected to reach USD 1.97 Billion by 2022, at a CAGR of 5.7% between 2017 and 2022. The growth of the glass substrate market is primarily driven by the rising demand for glass substrates from industries, such as electronics, automotive, medical, aerospace & defense, and solar, for the manufacture of end-products that include semiconductors, LCDs, sensors, and solar panels.
Borosilicate-based glass substrates estimated to be the largest type segment of the glass substrate market
The borosilicate-based glass substrates segment is the largest type segment of the glass substrate market. The growth of the borosilicate-based glass substrates segment can be attributed to the unique properties of these substrates that include low coefficient of thermal expansion, high chemical resistivity, and high surface strength.
The electronics industry is the fastest-growing end-use industry segment of the glass substrate market