To identify growth opportunities in the flexible glass market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2018-2023. APAC and North America will grow faster than the overall market. The growth of Europe, MEA and South America will be slower than the global market.
APAC was the largest market in 2018 and its position will remain the same during 2019-2023. Market growth in this region will be faster than the growth of the market in other geographies. Almost 35% of the overall market growth will originate from this region and Japan will offer maximum growth opportunities to market participants.
Below are some of the key findings from this flexible glass market analysis report
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Global flexible glass industry overview
The requirement for flat panel displays in TVs, monitors, and other display devices is growing rapidly. Flat panel display screens are lightweight and offer a high resolution which adds to its popularity. Moreover, flat panel displays also provide dimensional stability, low color shift, and exceptional couple efficiency, leading to its high demand. As flexible glass is used to manufacture flat panel displays because it exhibits excellent barrier properties, strength, and durability, the high need for flat panels will subsequently increase the demand for flexible glass.
The growing popularity of wearable technology is one of the key trends that will gain traction in the global flexible glass market. The demand for wearable technology is increasing extensively because of its ability to connect with the Internet and exchange data between networks and devices. Moreover, wearable technology also helps in providing crucial information regarding health, sports, and navigations. Wearable devices are popular among gaming, fitness, entertainment, and sports sector. These factors result in the high adoption of flexible glass as it is used to manufacture wearable device displays, subsequently driving flexible glass market growth at a CAGR of close to 47% during the forecast period.
Top flexible glass companies covered in this report
The global flexible glass market is highly concentrated. To help clients improve their revenue share, this flexible glass market report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Key insights provided by this flexible glass market analysis report will help companies make informed business decisions.
The report offers a detailed analysis of several leading flexible glass companies, including:
- Abrisa Technologies
- AGC Inc.
- Asahi Kasei Corporation
- Corning Incorporated
- Nippon Electric Glass Co., Ltd.
- SCHOTT North America, Inc
Flexible glass market segmentation based on application
- Displays
- OLED
- Photovoltaics
- Others
The displays segment will account for the largest flexible glass market share. The decreasing prices of smartphones and slim TVs will be one of the significant factors driving the demand for flexible glass in display applications. This report provides an accurate prediction of the contribution of all the segments to the growth of the flexible glass market size.
Flexible glass market segmentation based on region
- APAC
- Europe
- MEA
- North America
- South America
APAC accounted for the largest flexible glass market share in 2018 because of the high demand for smartphones and TVs in the region. The region’s contribution to the growth of the flexible glass market size will increase during the forecast period, and APAC will remain the market leader in the coming years as well.
Key highlights of the global flexible glass market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the flexible glass market during the next five years
- Precise estimation of the global flexible glass market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the flexible glass industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of flexible glass companies
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