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The global flexible glass market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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The electrical and electronics industry accounts for a major share in the global market for flexible glass. The rapid urbanisation and increasing demand for consumer electronics, particularly in developing economies is aiding the growth of the industry.
The Asia Pacific is expected to witness the highest growth rate in the forecast period owing to the rising disposable incomes and the surge in demand for consumer electronics across the region. The increasing sales of smartphones and tablets in emerging nations like India and China are significantly contributing to the growth of the industry. Meanwhile, the increasing government investments in renewable energy projects and the growing adoption of renewable energy sources are expected to significantly drive the demand for solar panels and photovoltaic cells across the region, which, in turn, is expected to create enhanced growth opportunities for the market expansion over the forecast period.
Flexible glass is an ultra-thin glass substrate, which has the properties of a rigid glass but can bend multiple times without breaking. It is commonly used in the manufacturing of consumer electronics, automobile windowpanes, and solar panels, among others owing to its high strength, temperature stability, and scratch resistance property. The use of flexible glass allows manufacturers to minimize product weight and enhance its aesthetic appeal.
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Based on application, the market is divided into:
On the basis of end use, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The flexible glass industry is driven by the increasing demand for consumer electronics and the rapid advancements in display technology. The market is being supported by the rising demand for wearables and portable devices like smart watch, and others. This is creating increased demand for light weight material with high durability and aesthetic appeal, thus, boosting the demand for flexible glass. Further, it is being increasingly preferred to produce automobile and solar panel components due to its high strength and temperature stability.
Owing to technological advancements and growing investments in product innovation, such as the development of roll-on glasses, the market is expected to witness a further growth over the forecast period.
The report gives a detailed analysis of the following key players in the global flexible glass market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the market include the increasing disposable incomes, rising demand from the developing regions, increasing sales of consumer electronics, and growing demand for solar panels.
The key trends guiding the growth of the market include the technological advancements and the growing research and development activities by the manufacturers to develop improved flexible glass.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of flexible glass are solar panel, photovoltaic cell, and display, among others.
The significant end uses of flexible glass include automotive, energy, electrical and electronics, and consumer goods, among others.
The key players in the global flexible glass market are AGC Inc., Schott AG, Corning Incorporated, LG Display Co. Ltd, and Nippon Electric Glass Co. Ltd, among others.
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