The consistent innovation in technology has brought about a sea-change in the flexible electronics sector. High consumer demand for lightweight and ultra-thin devices has led to the adoption of flexible glass in the manufacture of electronics, especially smartphones, tablets, and wearable gadgets.
The Advantages of Flexible Glass
The numerous advantages of flexible glass have made it an appealing prospect for manufacturers. Flexible glass not only helps reduce thickness and weight, but also plays a major role in improving the lifetime and quality of a device. Flexible glass is thermally and dimensionally stable, and its moisture-resistant properties make it an excellent choice for use in the electronics sector.
Growth in the Smartphone and Tablets Market will Boost the Asia Pacific Flexible Glass Market
The global flexible glass market is forecasted to grow steadily through 2020. The Asia Pacific flexible glass market is also projected to witness steady growth and reach a valuation of US$ 612.7 Mn by 2020. Growth in the smartphones and tablets market is anticipated to be the key driver for the Asia Pacific flexible glass market. It is anticipated that the Asia Pacific flexible glass market will exhibit a 36.5% CAGR during the forecast period. Japan, South Korea, and China will be the key regions for the growth of the Asia Pacific flexible glass market.
Displays and Solar Photovoltaics (PV): Key Markets for Asia Pacific Flexible Glass Market
On the basis of applications, the Asia Pacific flexible glass market is segmented into displays and solar PV. The display application segment is currently the most dominant, and it is anticipated to exhibit a 33.4% CAGR and reach a valuation of US$ 417.2 Mn by 2020. It is forecasted that the manufacturers will replace plastic with flexible display materials and this will create opportunities for the growth of the Asia Pacific flexible glass market in the near future.
Display segment is further...