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.
Thus, 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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The 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.
On 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.
North 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.
Another 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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