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Flexible Substrates Market to Reach USD 778.6 million By 2029, Trends, Share, Growth, Company Profile and Forecast 2022-2029
Flexible Substrates Market Overview:The growth of the flexible substrate market can be attributed to the increasing demand from the electronics industry across the globe. Flexible substrates are increasingly being used in the production of flexible printed circuit boards. They are also used for the production of solar modules. Moreover, their increased use in the manufacturing of medical & healthcare devices is also driving the growth of the flexible substrate market across the globe. Increased consumption of flexible substrates in solar application is also leading to the growth of the flexible substrate market, worldwide.
The Global Flexible Substrates Market is projected to grow from USD 315.2 million in 2020 to USD 778.6 million by 2029, at a CAGR of 10.57% between 2022 and 2029.
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Flexible substrates are ultra-thin and ultra-light base components onto which electronic devices are deposited during the accumulation of electronic circuits, allowing for the fabrication of highly lightweight and roll able flexible electronics. Glass, plastic, and stainless steel are some of the most often utilized materials in flexible substrates. Photovoltaic glass is being investigated using flexible substrate materials.
Flexible substrates Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Nippon Electric Glass, Kolon Industries, American Semiconductor, Heraeus, ZOLTEK Corporation, Premier Composite Technologies LLC, TEIJIN LIMITED., Hexcel Corporation, DuPont, HYOSUNG, Gurit, PJSC TATNEFT, ADVANCED CUSTOM MANUFACTURING, Solvay, Multihull C and Others
Recent Developments
In January 2021, Polyonics, Inc. launched new HIGHdegree tag and label materials to tracked and identified of hot metals through the manufacturing process to help foundries and factories to avoid the costly expense of recalls product and to implement plant automation. The Polyonics HIGHdegree polyimide and aluminum bar code label material offers features, such as silicone print surfaces, suitable for thermal transfer printing or unique, non-yellowing polymer.
In July 2021, Schott invested €9 Mn in the latest production technology and highly digital infrastructure at its Flat Glass production site in Bolu, Turkey. The investment is expected to increase production capacity by 50% and supply design savvy and innovative functional glasses to all the leading home appliance companies in Turkey and overseas.
In December 2021, UBE Corporation announced that it had built a new manufacturing plant at Ube Chemical Factory in Ube City, Yamaguchi Prefecture to expand production facilities for polyimide film for circuit substrates for liquid crystal display (LCD) TVs and organic light emitting diode (OLED) displays for smartphones
In July 2020, Nippon Electric Glass Co., Ltd. announced that it had entered into a partnership with Nitto Denko Corporation to develop ultrathin glass with polarizing film through roll to roll process. Both companies are expected to developed new material with novel function by combining Nippon Ultra-thin glass with Nitto high performance polymer film.
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Flexible substrates Market Segmentation:
Flexible Substrates Market by Type, 2020-2029, (USD Millions, Kilotons)
Plastic
Glass
Metal
Flexible Substrates Market by Application, 2020-2029, (USD Millions, Kilotons)
Consumer Electronics
Solar Energy
Medical & Healthcare
Aerospace & Defense
Growth Factors:
Increasing demand from the Flexible substrates industries
The growing use of Flexible substrates in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Flexible substrates Market
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Flexible substrates Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Flexible substrates Market Trends
- The report identifies, determines, and forecasts the Global Flexible substrates Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Flexible substrates Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Flexible substrates Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Flexible substrates Market.
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