Press release
Platter Substrate Materials Market Size & Share Analysis - Growth Trends & Forecasts (2021 - 2030)
Allied Market Research has released a comprehensive report titled "Platter Substrate Materials Market by Type (Aluminum Disk and Glass Disk) and Application (Electronics, Aerospace, National Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to this report, the global platter substrate materials industry reached an estimated value of $327.0 thousand in 2020 and is projected to reach $687.3 thousand by 2030, with a notable CAGR of 7.8% from 2021 to 2030.Download Sample PDF (300 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/3165
Drivers, Restraints, and Opportunities:
The growth of the global platter substrate materials market is primarily driven by advancements in the consumer electronics industry and the increasing demand for these materials owing to their unique properties. However, challenges related to material differentiation may hinder market growth to some extent. Nevertheless, substantial investments in high-end technology by major hard disk drive players are expected to create lucrative opportunities within the industry.
Key Insights:
Glass Disk Segment to Dominate by 2030: The glass disk segment emerged as the dominant type in 2020, capturing around three-fifths of the global platter substrate materials market. It is also projected to exhibit the fastest CAGR of 8.3% throughout the forecast period, attributed to the increasing production of laptops worldwide.
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Electronics Segment to Maintain Dominance: In terms of application, the electronics segment held the highest market share in revenue, accounting for nearly three-fifths of the global platter substrate materials market. It is anticipated to maintain its dominance and register the fastest CAGR of 8.2% during the forecast period, driven by the growing demand for consumer electronics such as laptops and hard disk drive recorders.
Asia-Pacific Leading the Market: Asia-Pacific, followed by North America, captured the largest market share in 2020, collectively accounting for around two-fifths of the global platter substrate materials market. The Asia-Pacific region is also expected to witness the fastest CAGR of 8.3% from 2021 to 2030, primarily due to the increasing production of hard disk drives in countries like China, Japan, and Thailand.
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Key Players in the Industry:
ASE Technology Holding Co., Ltd.
SCHOTT AG
IBIDEN Co. Ltd.
Seagate Technology Holdings plc.
Denka Company Limited
Hoya Corporation
ALPS Electric Co., Ltd.
Showa Denko K.K.
FUJIFILM Holdings Corporation
These industry players are expected to play a crucial role in shaping the future landscape of the global platter substrate materials market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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