The Flexible Glass Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The market for flexible glass is anticipated to register a CAGR of around 5% during the forecast period. Flexible glass is used for various applications such as in producing lightweight, thin, robust and portable electronics.
- Increasing demand for flexible glass from electrical and electronics and consumer goods industries is expected to drive the market during the forecast period.
- High production complexity is likely to hinder the market growth.
- Increasing usage of flexible glass in solar panels, automotive, and defense sectors is expected to provide wide opportunities for the manufacturers.
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In terms of application, Asia Pacific flexible glass market is mainly segmented into display and solar PV (photovoltaic). Currently, display application segment dominates the Asia Pacific flexible glass market. The display segment was valued at US$ 74.2 Mn in 2013, and is expected to reach US$ 417.3 Mn by 2020, exhibiting a CAGR of 33.4% for the forecast period. Moreover, the development of Roll2Roll process is expected to create a demand for flexible glass in solar PV application. As a result, solar PV is projected to be the fastest growing application segment for the forecast period.
The display application is further sub-segmented as smartphones and tablets, curved TV, building mounted displays and, wearables. Among all the aforementioned sub-segments, smartphones & tablets segment is expected to dominate the market with 50.1% of the total revenue share by 2020. However, curved TV is anticipated to exhibit the highest CAGR of 37.1% during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of curved TV application segment over the forecast period.
In this study, we analyze the APAC Flexible Glass Market during 2014-2020. We focus on:
- Market size and forecast, 2013-2020
- Key drivers and developments in flexible glass market
- Key trends and developments of flexible glass products for application such as display and solar PV
- Key drivers and developments in particular countries such as Japan, China and South Korea
Cost analysis and product development strategy trends in APAPC
Key Segments Covered
- Flexible Glass Application in Display
Smartphone & tablets, curved TV, building mounted displays and wearables
- Flexible Glass Application in Solar PV
Key Geographies Covered
Asia Pacific countries such as Japan, South Korea, China and others
Other Key Topics
- Cost to replace plastic material with flexible glass in plastic flexible display, commercialization trends in the flexible glass industry, competitive benchmarking, consumer electronics market and solar PV production
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Examples of key Companies Covered
Corning Inc., Asahi Glass Co., Scott AG and Nippon Electric Glass Co., Ltd.
Country-wise, the Asia Pacific flexible glass market is segmented into Japan, China, South Korea and others. Japan is the most lucrative market, followed by South Korea and China. Moreover, Japan is expected to contribute 40.0% market share to the Asia Pacific flexible glass market by 2020. The growth of South Korea market is supported by the strong presence of smartphone & TV manufacturers along with growing number of R&D centres in South Korea.
Assessing the various factors driving this market, FMI lead analyst, Abhishek S. said, “Incorporation of flexibility threshold in displays, development of Roll2Roll process for flexible PV and growing R&D investments in flexible glass by key glass manufacturers are expected to fuel the demand for Asia Pacific flexible glass market.”
Key players in the Asia Pacific flexible glass market are
- Asahi Glass Co., Ltd.,
- Corning Inc.,
- Schott AG and
- Nippon Electric Glass Company Ltd.
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