Flexible Glass Market 2020 Rising Growth, Recent Trends And Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

Market Overview

The market for flexible glass is anticipated to register a CAGR of around 5% during the forecast period. Flexible glass is used for various applications such as in producing lightweight, thin, robust and portable electronics.

- Increasing demand for flexible glass from electrical and electronics and consumer goods industries is expected to drive the market during the forecast period.
- High production complexity is likely to hinder the market growth.
- Increasing usage of flexible glass in solar panels, automotive, and defense sectors is expected to provide wide opportunities for the manufacturers.

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Increasing Demand for Solar Panels

- Glass is being used owing to the advantages, such as low cost, less weight, heat, and water resistant, scratch-resistant, etc. Some of the major end-user industries include electrical and electronics, automotive, optho-electronics, etc.
- Manufacturing of solar panel is the second-largest application segment for flexible glass. The demand from thriving economies, like Japan and China, is much higher as compared to the demand from developed countries, like the United States and France.
- Growing demand for lightweight and scratch free materials in the solar energy industry, in order to provide increased design flexibility and ultra-slim glass, is primarily responsible for the growth of the flexible glass market.
- In addition, one of the boosting factors for these solar panels is the increasing investment in a renewable source of energy in order to reduce carbon emission all around the world.
- All the aforementioned factors are anticipated to increase the demand for flexible glass through the forecast period.

Asia-Pacific to Dominate the Market

- The Asia-Pacific region dominated the global market share in 2018. With the increasing demand for solar panel and voltaic cell manufacturing in countries, such as China, South Korea, and Japan, the consumption of flexible glasses is likely to rise.
- Another prominent industry which is likely to boost the demand for flexible glasses is electrical and electronics. The growing urbanization and increasing demand for consumer electronics in developing economies will drive the market in the region.
- Flexible Glass is majorly used in the display for phones, televisions, tablets, etc. Almost 60% of the flexible glass produced is being used in the electronics industry.
- Growing demand for automobiles and electric vehicles in countries like China, India, and Japan is likely to create a surge in the demand for flexible glass in the region.
- Further, the region is also expected to register the highest CAGR during the forecast period for the mentioned market.

Competitive Landscape

The flexible glass market is fairly consolidated with the top 7 players accounting for a major chunk of the market. Key players in the flexible glass market include Saint-Gobain, AGC Inc., Corning Inc., LG Display Co. Ltd, Nippon Electric Glass Co. Ltd, and other prominent players include PPG Industries, Sony Corporation, among others.

Regional Analysis For Flexible Glass Market:

For comprehensive understanding of market dynamics, the global Flexible Glass market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others.

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Influence of the Flexible Glass market report:

-Comprehensive assessment of all opportunities and risk in the Flexible Glass market.

-Flexible Glass market recent innovations and major events.

-Detailed study of business strategies for growth of the Flexible Glass market-leading players.

-Conclusive study about the growth plot of Flexible Glass market for forthcoming years.

-In-depth understanding of Flexible Glass market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Flexible Glass market.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Flexible Glass Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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