Flexible Glass Industry Share and Growth Rate Report 2022
The global flexible glass market is expected to witness significant demand over the forecast period. Glass is a solid material which displays glass transition and can also take convertible transitions in amorphous materials. Being brittle in state glasses are optically transparent by nature. Glass possess characteristics such as temperature, strength, stability and durability. The most commonly known glass is soda lime glass mainly made up of silicon dioxide, sodium oxide and lime.
2Thus, flexible glass resembles the properties of a rigid glass material though it is ultra-thin glass. Moreover, flexible glass can also resemble properties such as scratch resistance and rigidity as those in plastics. Flexible glass is primarily used to multiply the strength & flexibility of the finished product and in turn increase the shell life of the product. It helps in keeping electronic gadgets to minimize their weights, increase its shine and making high-end better and quality products.
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4The major driving factors for the global flexible market is growing demand of consumer electronics coupled with developments in display technology boosting the demand for products such as laptops, tablets, TVs and smartphones. This is projected to increase the demand for flexible glass materials. Moreover, increasing demand for scratch-resistant displays in the electronics products is expected to drive the flexible glass market worldwide. Disposable income is another factor that boosts the market demand. Need for quality electronic products such as smartphones, smartwatches, cellphones and other gadgets are increasing the demand for flexible glass market.
5On the basis of end-user, the global flexible market is bifurcated into display market, OLED (organic-light emitting diode) and other gadgets. On the basis of application, the global flexible market is segmented into display and solar photovoltaic. Display is further sub-segmented into tables, curved TV, smartphones, displays, wearables and building mounted displays. Smartphones and tablets dominate the display segment and contributed to revenue generation whereas curved TV is projected to be the fastest growing market for the projected period. Wearable accounted for the small share in the market and is projected to grow at a higher CAGR for the forecast period. On the basis of geography, the global flexible glass market is segmented into North America, Europe, Asia-Pacific, Middle-East and Africa.
6North America dominates the global flexible market in terms of volume. Asia-Pacific regions are projected to be the emerging markets owing to growing demand of cellphones and tablets in India and China. Europe is projected to exhibit marginal growth. European startups have been creating innovative products that results into improved efficiency, limits fluid flow and increases pressure drop. Danish company SIOx has been awarded as a runner up in Climate-KIC’s venture competition 2016 for its work on technology that has enabled flexible glass-on metal coatings. The company claims that it has strengthened fused quartz coating of metal based on NANOmel technology which once applied, the film provides a dense and flexible glass-on metal coating that protects the metal from corrosion.
7Another company, Carbon-delta, Switzerland based startup, was declared a winner of European finals of the venture competition 2016 held in Frankfurt. This startup evaluates the climate change which helps investors assess climate risks and allowing them to identify a company’s value and the level of effect by climate alterations. The key players in the global flexible market comprise Nippon Electric Glass Co. Ltd., Corning Inc., Schott AG, Asahi Glass Co. Ltd., Tokyo Electron, Dupont Display, Universal Display Corporation, Materion Corporation, Abrisa Technologies, Kent Displays, Inc., Sony Corporation, LG Display Co. Ltd. and LiSEC Group.
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