Platter Substrate Materials Market Outlook - 2021-2030
The global platter substrate materials market was valued at $327.0 thousand in 2020, and is projected to reach $687.3 thousand by 2030, growing at a CAGR of 7.8% from 2021 to 2030.
Platter substrate material is used in magnetic platter of the hard disk. The hard disk stores the date in the form of zeros and ones across a thin layer made from magnetic material. This magnetic material is supported by the substrate material. The substrate material should be rigid and lightweight, since the disk rotates at a high speed. The reliability of the hard disk depends on the rigidity of the substrate. The substrate is made up of aluminum and glass. The aluminum disk tends to soften due to extreme heat generated in the hard disk and due to this, the glass disk is preferred over the aluminum disk in the construction of substrate material.
Increase in use of hard disk in electronics drives the demand for the platter substrate material, thereby fueling the platter substrate materials market growth. Furthermore, increase in dependence of the defense sector on information technology has fueled the growth of the platter substrate materials market.
However, material differentiation in disk platter is anticipated to restrain the market growth during the forecast period. Furthermore, growing investment in cutting edge technology from major hard disk drive players is expected to provide growth opportunities for the platter substrate materials market during the forecast period.
The global platter substrate materials market size is segmented on the basis of type, application, and region. By type, it is analyzed across aluminum disk and glass disk. By application, it is segmented into electronics, aerospace, national defense, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major key players operating in the global platter substrate materials industry include Denka Company Limited, ASE Technology Holding Co., Ltd., SCHOTT AG, IBIDEN Co. Ltd., Showa Denko K.K., Seagate Technology Holdings plc, ALPS Electric Co., Ltd., FUJIFILM Holdings Corporation, and Hoya Corporation.
Platter Substrate Materials Market, By Region
Asia-Pacific accounted for a major platter substrate materials market share in 2020, owing to increasing usage from countries such as China, Japan, and Thailand. China has the world’s largest electronics production base. The country serves not only domestic demand for electronics but also exports electronic output to other countries. Increasing disposable incomes of the middle-class population and the growing demand for electronic products, especially laptops and smartphones, are anticipated to surge the demand for platter substrate material in the coming years. In addition, players such as Showa Denko K. K., are expanding their business by setting up a new production line to produce aluminum substrates for HD media to meet the growing demand for platter substrate material across the region. The setup of new production line will increase the company production by 30.0% annually. These factors are expected to provide lucrative growth opportunities for platter substrate material manufacturers and will drive the growth of platter substrate materials market during the forecast period.
Global Platter Substrate Materials Market, By Type
The glass disk segment accounted for a major share in the platter substrate materials market in 2020. The rising adoption of multifunctional devices includes a laptop in various industries such as education, automobile, manufacturing, medical & logistic industry and the growing trend of bringing your own devices (BYOD) are the major growth factor driving the demand for laptops across the globe. Furthermore, increasing internet penetration, rising disposable income of consumers and availability of low-cost laptops has boosted the demand for laptop. In addition, high investment by private companies for the development of advanced laptops and the introduction of new laptops with advanced specifications are the factors that are expected to propel the demand for laptops, which eventually is projected to drive the demand for hard disk drive during the forecast period. For instance, in May 2019, Apple Inc. launched a new 15-inch Apple Macbook pro model with a 6 and 8-core processor. Similarly, in September 2019, Lenovo unveiled its Think book 14 and Think book 15 laptops with 10th gen Intel core I7 processor in IFA, Berlin. Due to growing demand and production of laptop across the globe, the demand for hard disk drive is anticipated to surge significantly, which is expected to surge the demand for platter substrate material during the forecast period.
By Type
Glass Disk is projected as the most lucrative segment.
Global Platter Substrate Materials Market, By Application
The electronics segment accounted for a major share in the platter substrate materials market in 2020. The usage of the glass substrate in the electronics industry is broad and highly diversified. They are used in the manufacturing of semiconductors for various applications. The applications of the glass substrate in the semiconductors include complementary metal-oxide-semiconductor (CMOS), micro-electro-mechanical systems (MEMS), Image, Sensors, LEDs, Logic IC, ICs, power, optoelectronics, among others. The electronics industry is on an unprecedented growth path, with high demand from the emerging economies. Electronic components and systems, electric drives, industrial control equipment, and others are some of the sub-sectors that are expected to experience healthy growth over the coming years.
By Application
Electronics is projected as the most lucrative segment.
The electronics manufacturing market in Asia-Pacific region is expected to grow rapidly during the upcoming years, due to the increasing presence of large number of OEMs in the region. Low cost and high availability of raw materials coupled with cheap labor, are mainly driving the growth of the sector in the region. The companies in the Asia-Pacific region provide manufacturing and assembling services to companies in Germany, France, and the U.S. Moreover, these companies are rapidly digitizing their businesses, to achieve end-to-end integration of their operations. This is further encouraging OEMs from Europe and North America to outsource their production to Asia-Pacific. Therefore, the growing electronics industry is expected to boost the demand for platter substrate material in coming years and is likely to drive the growth of platter substrate materials market during the forecast period.
COVID-19 Analysis:
A hard disk drive is an electromechanical data storage device that uses magnetic storage to store and recover digital data. It is widely used in data centers and personal computers. The increasing need for data storage facilities among enterprises and the introduction of reliable and advanced SSDs is fueling the demand for hard disks. The COVID-19 pandemic has rapidly spread across the globe. People are compelled to stay at home to contain the spread of the virus. The rising number of people staying at home has led to increased Internet usage, which is boosting the demand for online video/audio streaming, downloading, as well as video conferencing on apps such as Zoom. The increased Internet usage during the lockdown has resulted in the generation of vast amounts of data, which needs to be managed by data center facilities across the world. Data centers are processing these significant amounts of data, which leads to the adoption of hard disks and thus, drives the demand for platter substrate material from hard disk drives (HDD) manufacturers. However, on the flip side, the halt in construction activities and delays caused in the construction of new data centers due to the COVID-19 pandemic has lowered the adoption of hard disk drives, which is hindering the demand for HDD. Besides, due to the decreasing shipment of personal computers before the pandemic, the hard disk drive manufacturers have witnessed a decline in their revenue. Thus, the demand for platter substrate materials from hard disk drive manufacturers across the globe has declined resulting in decline in growth of the market.
In addition, during the pandemic, the wide adoption of the work from home policy caused a short-term rise in the demand for PCs and other systems for remote work; however, it has also driven the demand for data centers that support cloud-based and remote work, in turn, was driving the demand for nearline HDDs for majority secondary storage throughout 2020.
By Region
Asia-Pacific would exhibit an CAGR of 8.3% during 2021-2030
Key benefits for stakeholders
- The global platter substrate materials market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global platter substrate materials market forecast for the period 2021–2030.
- The report outlines the current global platter substrate materials market trends and future scenario of the global platter substrate materials market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global platter substrate materials market study.
Platter Substrate Materials Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | IBIDEN CO., LTD, SHOWA DENKO K.K, HOYA GROUP, ASE GROUP, Seagate Technology, Inc, ALPS ELECTRIC CO., LTD, FUJI PHOTO FILM CO., LTD, SCHOTT AG, HALO DATA DEVICES, INC., DENKA COMPANY LIMITED |
Analyst Review
According to the analyst, the global platter substrate materials market is anticipated to witness growth over the forecast period, driven by growing demand for hard disk drive (HDD) for data storage among businesses and data warehouses. In addition, hard disk manufacturers are making substantial investments in cutting-edge technology in order to provide the most effective data storage solutions to businesses and people alike. These factors are expected to drive the growth of the global platter substrate materials market during the forecast period.
However, material differentiation in disk platter is anticipate to restrain the market growth during the forecast period. Furthermore, growing investment in cutting edge technology from major hard disk drive players is expected to provide growth opportunities for the platter substrate materials market during the forecast period.
Growth of the consumer electronic Industry, increase in demand for platter substrate materials because of its properties, and growing investment are the driving factors and opportunities in the platter substrate materials market.
Strategic production and business expansion are the key growth strategies of platter substrate materials market players.
Asia-pacific region will provide more business opportunities for platter substrate materials in future.
Denka Company Limited, ASE Technology Holding Co., Ltd., SCHOTT AG, IBIDEN Co. Ltd., Showa Denko K.K., Seagate Technology Holdings plc, ALPS Electric Co., Ltd., FUJIFILM Holdings Corporation, and Hoya Corporation are the leading global players in the platter substrate materials market.
Glass disk segment holds the maximum share of the platter substrate materials market.
Consumer electronics and aerspace companies across the globe are the potential customers of platter substrate materials industry
The global platter substrate materials market was valued at $327.0 thousand in 2020, and is projected to reach $687.3 thousand by 2030, growing at a CAGR of 7.8% from 2021 to 2030.
The global platter substrate materials market analysis covers in-depth information of major industry participants, Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building, major countries have been mapped according to their individual revenue contribution to the regional market, the report provides in-depth analysis of the global platter substrate materials market forecast for the period 2021–2030, the report outlines the current global platter substrate materials market trends and future scenario of the global platter substrate materials market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets, and key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global platter substrate materials market study.
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