Platter Substrate Materials Market is Expected to Reach $687.3 thousand by 2030

According to a new report published by Allied Market Research, titled, “Global Platter Substrate Materials Market: Opportunity Analysis and Industry Forecast, 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.

The platters in a hard disk are the media on which the data is stored. Made from a composite of materials they are the most critical part of a hard disk drive. Modern hard disk drives can have several platters, each with two sides to make up the total capacity of the drive. The substrate is usually made from an aluminum alloy, glass or ceramic material.

Demand for platter substrate materials has witnessed tremendous growth driven by increasing penetration in applications such as electronics, aerospace, national defense, and others. All industry players are investing heavily to find new commercial avenues for their product segments via strategic production and business expansion. Some of the major factors that drive the demand for platter substrate materials include growth of the consumer electronic industry across the globe and rise in demand for platter substrate material because of its properties.

However, material differentiation in disk platter is anticipated to restrain the market growth during the forecast period. Furthermore, rise in 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.

By type, the global platter substrate materials market size is studied across aluminum disk and glass disk. The glass disk segment accounted for the largest market share in 2020, as glass disk is rigid and solid and spins at a high speed. The glass disk segment dominated the global platter substrate materials market with nearly three-fifths of the total market share in 2020.

By application, the global platter substrate materials market is studied across electronics, aerospace, national defense, and others. The electronics segment accounted for the largest market share in 2020, owing to surge in demand for platter substrate material from consumer electronics manufacturers. The electronics segment dominated the global platter substrate materials market with more than half of the total market share in 2020.

Region-wise, the global platter substrate materials market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major platter substrate materials market share in 2020, and dominated the global market with more than two-fifths of the total market share in 2020.

The major players studied and profiled in the global platter substrate materials market are 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.

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.

Key findings of the study

• In 2020, Asia-Pacific dominated the global platter substrate materials market with around 42.0% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 8.3% in terms of value.
• The glass disk segment dominated the global platter substrate materials market with around 59.1% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 8.3% in terms of value.
• The electronics segment dominated the global platter substrate materials market with around 55.7% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 8.2% in terms of value.