Flexible Glass Market in APAC 2018-2022
About Flexible Glass
Flexible glass is an ultra-thin glass used by electronic component manufacturers for variety of applications. It has several properties including high strength, temperature stability, and durability. It can also be easily rolled or folded and offer better transparency than rigid glass.
Technavio’s analysts forecast the flexible glass market in APAC to grow at a CAGR of 37.72% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the flexible glass market in APAC for 2018-2022. This market research report offers a comprehensive analysis of the market segmentation by application (display, photovoltaic, and others).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Flexible Glass Market in APAC 2018-2022
Technavio recognizes the following companies as the key players in the flexible glass market in APAC: AGC, Corning Incorporated, LG Display, Nippon Electric Glass, and SCHOTT.
Commenting on the report, an analyst from Technavio’s team said: “Flexible glass or thin films has several advantages that make them suitable for use in photovoltaic panels. Flexible glass operates well under diffused sunlight and can absorb light from both faces. Moreover, flexible glass has lower manufacturing cost than crystalline silicon cells. Thus, the increasing use of flexible glass in photovoltaic panels will be a key trend driving the growth of the flexible glass market in APAC during the forecast period.”
According to the report, one of the major drivers for this market is the increasing demand for ultra-slim and scratch resistant displays from smartphone, smart TV, and PC manufacturers. The scratch resistant property makes flexible glass suitable for use in touchscreens of electronic gadgets. These glasses also consume less power than TFT screens, resulting in increased demand from smartphone and TV manufacturers.
Further, the report states that one of the major factors hindering the growth of this market is the slow growth rate of the global smartphone industry. The demand for smartphones in developed countries have decreased and the global smartphones market has reached saturation point leading to reduced display application of flexible glass, thereby hampering market growth.
Nippon Electric Glass