Flexible glass, also known as bendable glass or ultra-thin glass, is an innovative material that combines the best properties of glass and flexibility. It is a thin and lightweight material that can be bent, rolled, or folded without breaking, making it highly versatile in a wide range of applications.
One of the primary advantages of flexible glass is its transparency and clarity. It offers exceptional optical quality, making it suitable for use in displays, touchscreens, and flexible electronic devices. Its smooth surface enables high-resolution imaging and provides an enhanced user experience.
Furthermore, flexible glass exhibits excellent thermal stability and resistance to harsh environmental conditions. It can withstand extreme temperatures, moisture, and UV radiation, making it ideal for outdoor applications where durability is crucial.
In terms of application, Asia Pacific flexible glass industry is mainly segmented into display and solar PV (photovoltaic). Currently, display application segment dominates the Asia Pacific flexible glass market. The display segment was valued at US$ 74.2 Mn in 2013, and is expected to reach US$ 417.3 Mn by 2020, exhibiting a CAGR of 33.4% for the forecast period. Moreover, the development of Roll2Roll process is expected to create a demand for flexible glass in solar PV application. As a result, solar PV is projected to be the fastest growing application segment for the forecast period.
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The display application is further sub-segmented as smartphones and tablets, curved TV, building mounted displays and, wearables. Among all the aforementioned sub-segments, smartphones & tablets segment is expected to dominate the market with 50.1% of the total revenue share by 2020. However, curved TV is anticipated to exhibit the highest CAGR of 37.1% during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of curved TV application segment over the forecast period.
Country-wise, the Asia Pacific flexible glass market is segmented into Japan, China, South Korea and others. Japan is the most lucrative market, followed by South Korea and China. Moreover, Japan is expected to contribute 40.0% market share to the Asia Pacific flexible glass market by 2020. The growth of South Korea market is supported by the strong presence of smartphone & TV manufacturers along with growing number of R&D centres in South Korea.
Assessing the various factors driving this market, FMI lead analyst, Abhishek S. said, “Incorporation of flexibility threshold in displays, development of Roll2Roll process for flexible PV and growing R&D investments in flexible glass by key glass manufacturers are expected to fuel the demand for Asia Pacific flexible glass market.”
Key players in the Asia Pacific flexible glass market are Asahi Glass Co., Ltd., Corning Inc., Schott AG and Nippon Electric Glass Company Ltd.
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Key Segments Covered
Smartphone & tablets, curved TV, building mounted displays and wearables
- Flexible Glass Application in Solar PV
Key Geographies Covered
- Asia Pacific countries such as Japan, South Korea, China and others
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