What is Global Glass Substrates for LCD Market?
The Global Glass Substrates for LCD Market is a sector that focuses on the production and distribution of glass substrates used in Liquid Crystal Display (LCD) technology. These glass substrates are thin, flat glass pieces that are used as the base for manufacturing LCD panels, which are commonly used in televisions, monitors, laptops, and other electronic devices. The glass substrate plays a crucial role in the overall functionality and quality of the LCD. It must be extremely clean, stable, and free from impurities to ensure the best possible display quality. The global market for these glass substrates is vast and diverse, with numerous manufacturers and suppliers operating worldwide. However, the market is not evenly distributed, with certain regions and countries dominating the production and supply of these essential components.
Gen. 8/8+, Gen. 7/7.5, Gen. 6/6.5, Gen. 5/5.5-, Gen. 4/4- in the Global Glass Substrates for LCD Market:
The Global Glass Substrates for LCD Market is segmented based on the generation of the glass substrate. These generations, namely Gen. 8/8+, Gen. 7/7.5, Gen. 6/6.5, Gen. 5/5.5-, Gen. 4/4-, are classifications based on the size and technology of the glass substrate. Each generation represents a step forward in technology, with higher generations indicating larger and more advanced substrates. Gen. 8/8+ substrates, for example, are the largest and most advanced, used in the production of large, high-resolution displays. On the other hand, Gen. 4/4- substrates are smaller and less advanced, used in smaller devices or older technology. The market for each generation is influenced by the demand for the corresponding LCD products.
Televisions, Monitors, Laptops, Others in the Global Glass Substrates for LCD Market:
The usage of glass substrates in the LCD market is widespread, covering various areas such as televisions, monitors, laptops, and others. In televisions, the glass substrate is a critical component that determines the quality of the display. The larger the television, the larger and more advanced the glass substrate needs to be. Similarly, in monitors and laptops, the glass substrate plays a crucial role in the display quality. The demand for high-quality, high-resolution displays in these devices drives the market for advanced glass substrates. In other areas, such as smartphones and tablets, smaller but highly advanced glass substrates are used. The diverse usage of glass substrates in various LCD products contributes to the overall growth and dynamism of the global glass substrates market.
Global Glass Substrates for LCD Market Outlook:
The outlook for the Global Glass Substrates for LCD Market is positive, with steady growth anticipated in the coming years. As of 2022, the market was valued at US$ 8214 million and is expected to reach US$ 10220 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period of 2023-2029. The market is largely dominated by Japan, which holds over 20% of the market share. The USA and Korea follow closely, each with over 40% market share. In terms of product segmentation, Gen. 8/8+ is the largest segment, accounting for over 41% of the market. This data indicates a strong demand for large, advanced glass substrates, likely driven by the demand for high-quality, large-screen LCD displays.
| Report Metric | Details |
| Report Name | Glass Substrates for LCD Market |
| Accounted market size in 2023 | US$ 8506.8 million |
| Forecasted market size in 2029 | US$ 10220 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Corning, AGC, NEG, Tunghsu Optoelectronic, AvanStrate, IRICO Group, Central Glass, LG Chem |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
