Glass Substrate Market Size

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.

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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.