The Global Flexible Glass Market has grown substantially in recent years, and this growth momentum is expected to be maintained in the near future as well. Flexible glass is ultra-thin glass, which has similar characteristics as that of rigid glass. Durability, strength, and temperature stability are some of the main properties associated with flexible glass. In addition, flexible glass may also exhibit the properties of plastic, such as rigidity and resistance to scratching.
To increase strength, flexibility, and shelf life of finished products, flexible glass is commonly used. Increasing demand for consumer electronics, along with new developments in display technology, is expected to drive the flexible glass market during the forecast period. Flexible glass helps reduce the weight of electronic devices. The global flexible glass market is, therefore, being driven by the increasing demand for attractive electronic gadgets, and convenient, high quality, and high-end devices such as touch-enabled laptops, tablets, and consumer electronics with advanced display technology.
The display quality of smartphones, laptops, TVs, and tablets is enhanced by flexible glass. It is also widely used in the production of displays. This glass has paved the way for light, thin, turntable, durable, and flexible devices. Further, superior surface quality with no roughness is provided by flexible glass. The growing demand for slim and scratch-resistant displays in electronic goods, driven by the increasing disposable income of consumers, is expected to fuel the global flexible glass market.
Due to its versatility and heat resistance properties, flexible glass also assists in the formation of thin film solar cells. Increasing fuel demand is expected to increase the number of photovoltaic (PV) manufacturing units, thereby increasing the demand for curved flexible solar cells and portable photovoltaic and building integrated PV. In addition, in the field of organic PV, novel flexible glass helps integrate solar cells into houses, which in turn, is expected to double the global demand for flexible glass.
Global Flexible Glass Market, By End-use
Based on the end-use, the global market is divided into electrical & electronics, consumer electronics, automotive, healthcare, and others. The principal end-user of flexible glass is the consumer electronics industry. The increasing demand for flexible glass in handheld devices, TVs, laptops, and tablets is due to factors such as increased demand for scratch-resistant, thin, and durable glasses.
Flexible glass has found extensive usage in the automotive industry. Abrasion-resistant and shockproof flexible glass is used in side view mirrors, windshields, moon doors, and rearview mirrors in the automotive industry. In the healthcare industry, flexible glass is used in ICUs, NICUs, and hyperbaric chambers. It is also used in windows.
Global Flexible Glass Market, By Region
North America holds major market share in the global market, followed by Asia Pacific and Europe. The U.S. and China are the main users of flexible glass, and in the coming years, they are projected to dominate the flexible glass market. In the forecast period, North America is expected to retain its dominance, while modest growth is expected in Europe. On the other hand, due to the growing domestic demand for mobile phones and tablets in the emerging markets of India and China, the Asia Pacific region is expected to experience the highest growth in the forecast period.
Rising demand for consumer electronics is expected to increase the demand for items such as smartphones, laptops, tablets, and TVs. This, combined with advancements in display technology is expected to boost the demand for flexible glass components. In addition, the rising demand for slim and scratch-resistant displays in electronic products is expected to give a major boost to the flexible glass market.
Key Development in the Global Flexible Glass Market
Some Key Findings of the Global Flexible Glass Market Report Includes:
By End-Use Industry:
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