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The global flexible glass market reached a value of US$ 1.35 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Flexible glass refers to an ultra-thin glass substrate that can bend multiple times without breaking. It exhibits similar properties to that of a rigid glass, such as high strength, temperature stability, durability, rigidity and scratch resistance. Rolled glass is one of the commonly used flexible glass, which is widely used in the manufacturing of consumer electronics, such as smartphones, lightings and digital displays. Flexible glass is also used to produce automobile windowpanes, portable electronics, solar panels and construction interiors to minimize their weight, increase the aesthetic appeal and improve overall durability.
Significant growth in the consumer electronics industry across the globe represents one of the key factors driving the growth of the market. Flexible glass is extensively used in the display screens of smartphones, laptops, curved monitors, televisions and tablets for superior elasticity, flexibility, scratch resistance and enhanced aesthetic appeal. In line with this, there is an increasing consumer preference for wearable and portable devices in gaming, entertainment, sports and health and fitness applications, thereby favoring the market growth. Furthermore, the widespread adoption of flexible glass to manufacture automobile and solar panel components is also driving the market growth. Additionally, various product innovations, such as the development of lightweight and roll-on glasses, are acting as other growth-inducing factors. Product manufacturers are using novel plastic and metal substrates, including polyethylene terephthalate (PET), to manufacture cost-effective flexible glass. Other factors, including an increasing emphasis on glass material recycling, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flexible glass market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on application and end use industry.
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Abrisa Technologies, AGC Inc., Corning Incorporated, Dupont Displays Inc., Kent Displays Inc., LG Display Co. Ltd. (LG Corporation), LISEC Holding GmbH, Materion Corporation, Nippon Electric Glass Co. Ltd., Schott AG (Carl-Zeiss-Stiftung) and Universal Display Corporation.
|Base Year of the Analysis||2020|
|Segment Coverage||Application, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Abrisa Technologies, AGC Inc., Corning Incorporated, Dupont Displays Inc., Kent Displays Inc., LG Display Co. Ltd. (LG Corporation), LISEC Holding GmbH, Materion Corporation, Nippon Electric Glass Co. Ltd., Schott AG (Carl-Zeiss-Stiftung) and Universal Display Corporation|
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The global flexible glass market was valued at US$ 1.35 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous end-use industries for flexible glass.
We expect the global flexible glass market to exhibit a CAGR of 6.7% during 2021-2026.
The expanding consumer electronics industry has propelled the utilization of smartphones, laptops, curved monitors, televisions, tablets, etc., which is driving the global flexible glass market.
Based on the application, the global flexible glass market has been bifurcated into displays, sensors, photovoltaic cell, and others. Currently, displays hold the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global flexible glass market include Abrisa Technologies, AGC Inc., Corning Incorporated, Dupont Displays Inc., Kent Displays Inc., LG Corporation, LISEC Holding GmbH,
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