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The global flexible glass market was worth $1.58 billion in 2022 and is expected to increase to $2.59 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.2% between 2023 and 2030.
The desire for smartphones, wearables, and foldable screens, all of which need to be thin and flexible, is driving the industry. Increases in spending on R&D and the development of new glass manufacturing techniques are also projected to contribute to the expansion of the global flexible glass market. The proliferation of mobile devices like smartphones, tablets, and wearables has increased the need for flexible glass in the consumer electronics sector. One of the main reasons why flexible glass is becoming so popular is because it can be used to create bendable and folding displays. Second, flexible glass is being adopted by the car industry for uses like heads-up displays, dashboards, and smart mirrors due to the benefits it provides in terms of both safety and aesthetics. Third, flexible glass is being used in solar panels and batteries to improve energy efficiency and longevity. Finally, flexible glass is being incorporated into medical devices and diagnostics to boost efficiency and comfort for patients.
Evaluation Through Use
Consumer electronics represent the greatest application area for flexible glass, and their demand is a major factor in the expansion of the market overall. Consumer electronics have embraced the flexibility and durability afforded by flexible glass because to the rapid improvements in technology and the increasing need for novel devices. Increased demand for smartphones, tablets, wearables, and other portable electronic devices with flexible screens is largely to credit for the segment's domination. Curved, folding, and rollable displays with improved user engagement and portability are being developed by manufacturers thanks to the benefits of flexible glass, which is in high demand as consumers want more streamlined and immersive experiences. The consumer electronics subsector's annual sales of billions of dollars is significant, and it represents a sizable proportion of the market as a whole.
The automotive sector is the fastest-growing application area for flexible glass. The use of flexible glass in car features like heads-up displays, smart mirrors, and infotainment systems has increased rapidly in recent years. There is a growing need for flexible glass in automobile design due to the popularity of connected and electric vehicles and the need of improved driver aid systems. Sleek, futuristic interior designs and the use of smart displays to improve the driving experience and safety are driving the segment's expansion.
Classification According to Nature
Ultra-thin glass is the most popular variety of flexible glass in the world market. When it comes to the appearance and performance of electronic devices, ultra-thin glass has emerged as a game-changer. Ultra-thin glass has risen to prominence as the material of choice for high-end displays in portable electronic devices like smartphones, tablets, and wearable electronics. Consumers' increasing need for thinner and lighter electronic devices is driving the market for ultra-thin glass. Its high resolution screens and touch sensitivity are made possible by its superior optical characteristics and long lifespan. The ultra-thin glass industry accounts for a sizable slice of the market and generates billions in annual sales.
The market for bendable glass is expanding at twice the rate of the rest of the flexible glass industry. The consumer electronics and automobile industries are two of the fastest growing users of bendable glass. Its unusual flexibility without loss of structural integrity makes it a great fit for curved displays and cutting-edge design ideas. The increasing demand for flexible glass is due to the proliferation of curved electronic displays, such as smartphones, televisions, and even dashboards in cars. Manufacturers are increasingly utilizing bendable glass to fulfill the expectations of consumers who want more immersive and aesthetically beautiful experiences. The bendable glass market category is promising, with a compound annual growth rate (CAGR) predicted in the double digits.
Key Market Developments
The need for flexible glass is being fueled by the proliferation of mobile devices with bendable screens including smartphones, tablets, and wearables. Foldable smartphones and flexible displays have emerged in response to the demand from consumers for more cutting-edge and immersive electronic gadgets. Screens that are bent, bendable, and rollable are now possible thanks to flexible glass, which improves the user experience and makes the devices more portable.
Report Coverage
Global Flexible Glass research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flexible Glass report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexible Glass competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flexible Glass market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexible Glass market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexible Glass market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Corning Incorporated (US), Asahi Glass Co., Ltd. (Japan), SCHOTT AG (Germany), Nippon Electric Glass Co., Ltd. (Japan), LG Chem Ltd. (South Korea), NEG Group (China), Nippon Sheet Glass Co., Ltd. (Japan), Ultra-Thin Glass Products, Inc. (US), Plan Optik AG (Germany), Central Glass Co., Ltd. (Japan), Polytronix, Inc. (US), Oike & Co., Ltd. (Japan), Shenzhen O-Film Tech Co., Ltd. (China), Xinyi Glass Holdings Limited (China), AvanStrate Inc. (Japan), Corning Precision Materials Korea Co., Ltd. (South Korea), Abrisa Technologies (US), Harbin Aurora Optoelectronics Technology Co., Ltd. (China), G-Tech Optoelectronics Corp. (Taiwan), AGC Display Glass Korea Co., Ltd. (South Korea)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flexible Glass market based on the below-mentioned segments:
Global Flexible Glass Market, By Type
Ultra-thin glass
bendable glass
conformable glass
Global Flexible Glass market, By Application
Consumer electronics
automotive
aerospace
energy
others
Global Flexible Glass market, Regional Analysis
The desire for smartphones, wearables, and foldable screens, all of which need to be thin and flexible, is driving the industry. Increases in spending on R&D and the development of new glass manufacturing techniques are also projected to contribute to the expansion of the global flexible glass market. The proliferation of mobile devices like smartphones, tablets, and wearables has increased the need for flexible glass in the consumer electronics sector. One of the main reasons why flexible glass is becoming so popular is because it can be used to create bendable and folding displays. Second, flexible glass is being adopted by the car industry for uses like heads-up displays, dashboards, and smart mirrors due to the benefits it provides in terms of both safety and aesthetics. Third, flexible glass is being used in solar panels and batteries to improve energy efficiency and longevity. Finally, flexible glass is being incorporated into medical devices and diagnostics to boost efficiency and comfort for patients.
Evaluation Through Use
Consumer electronics represent the greatest application area for flexible glass, and their demand is a major factor in the expansion of the market overall. Consumer electronics have embraced the flexibility and durability afforded by flexible glass because to the rapid improvements in technology and the increasing need for novel devices. Increased demand for smartphones, tablets, wearables, and other portable electronic devices with flexible screens is largely to credit for the segment's domination. Curved, folding, and rollable displays with improved user engagement and portability are being developed by manufacturers thanks to the benefits of flexible glass, which is in high demand as consumers want more streamlined and immersive experiences. The consumer electronics subsector's annual sales of billions of dollars is significant, and it represents a sizable proportion of the market as a whole.
The automotive sector is the fastest-growing application area for flexible glass. The use of flexible glass in car features like heads-up displays, smart mirrors, and infotainment systems has increased rapidly in recent years. There is a growing need for flexible glass in automobile design due to the popularity of connected and electric vehicles and the need of improved driver aid systems. Sleek, futuristic interior designs and the use of smart displays to improve the driving experience and safety are driving the segment's expansion.
Classification According to Nature
Ultra-thin glass is the most popular variety of flexible glass in the world market. When it comes to the appearance and performance of electronic devices, ultra-thin glass has emerged as a game-changer. Ultra-thin glass has risen to prominence as the material of choice for high-end displays in portable electronic devices like smartphones, tablets, and wearable electronics. Consumers' increasing need for thinner and lighter electronic devices is driving the market for ultra-thin glass. Its high resolution screens and touch sensitivity are made possible by its superior optical characteristics and long lifespan. The ultra-thin glass industry accounts for a sizable slice of the market and generates billions in annual sales.
The market for bendable glass is expanding at twice the rate of the rest of the flexible glass industry. The consumer electronics and automobile industries are two of the fastest growing users of bendable glass. Its unusual flexibility without loss of structural integrity makes it a great fit for curved displays and cutting-edge design ideas. The increasing demand for flexible glass is due to the proliferation of curved electronic displays, such as smartphones, televisions, and even dashboards in cars. Manufacturers are increasingly utilizing bendable glass to fulfill the expectations of consumers who want more immersive and aesthetically beautiful experiences. The bendable glass market category is promising, with a compound annual growth rate (CAGR) predicted in the double digits.
Key Market Developments
The need for flexible glass is being fueled by the proliferation of mobile devices with bendable screens including smartphones, tablets, and wearables. Foldable smartphones and flexible displays have emerged in response to the demand from consumers for more cutting-edge and immersive electronic gadgets. Screens that are bent, bendable, and rollable are now possible thanks to flexible glass, which improves the user experience and makes the devices more portable.
Report Coverage
Global Flexible Glass research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flexible Glass report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flexible Glass competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flexible Glass market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Corning Incorporated (US), Asahi Glass Co., Ltd. (Japan), SCHOTT AG (Germany), Nippon Electric Glass Co., Ltd. (Japan), LG Chem Ltd. (South Korea), NEG Group (China), Nippon Sheet Glass Co., Ltd. (Japan), Ultra-Thin Glass Products, Inc. (US), Plan Optik AG (Germany), Central Glass Co., Ltd. (Japan), Polytronix, Inc. (US), Oike & Co., Ltd. (Japan), Shenzhen O-Film Tech Co., Ltd. (China), Xinyi Glass Holdings Limited (China), AvanStrate Inc. (Japan), Corning Precision Materials Korea Co., Ltd. (South Korea), Abrisa Technologies (US), Harbin Aurora Optoelectronics Technology Co., Ltd. (China), G-Tech Optoelectronics Corp. (Taiwan), AGC Display Glass Korea Co., Ltd. (South Korea) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Flexible Glass Market from 2021 to 2030.
- Market Forecast for Flexible Glass Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Flexible Glass competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flexible Glass
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flexible Glass market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flexible Glass market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Corning Incorporated (US), Asahi Glass Co., Ltd. (Japan), SCHOTT AG (Germany), Nippon Electric Glass Co., Ltd. (Japan), LG Chem Ltd. (South Korea), NEG Group (China), Nippon Sheet Glass Co., Ltd. (Japan), Ultra-Thin Glass Products, Inc. (US), Plan Optik AG (Germany), Central Glass Co., Ltd. (Japan), Polytronix, Inc. (US), Oike & Co., Ltd. (Japan), Shenzhen O-Film Tech Co., Ltd. (China), Xinyi Glass Holdings Limited (China), AvanStrate Inc. (Japan), Corning Precision Materials Korea Co., Ltd. (South Korea), Abrisa Technologies (US), Harbin Aurora Optoelectronics Technology Co., Ltd. (China), G-Tech Optoelectronics Corp. (Taiwan), AGC Display Glass Korea Co., Ltd. (South Korea)
Primary Target Market
- Market Players of Flexible Glass
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flexible Glass market based on the below-mentioned segments:
Global Flexible Glass Market, By Type
Ultra-thin glass
bendable glass
conformable glass
Global Flexible Glass market, By Application
Consumer electronics
automotive
aerospace
energy
others
Global Flexible Glass market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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