Flexible Glass Market

This study intends to analyse diverse aspects of the global flexible glass market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.

Market Analysis in Brief

The global flexible glass market is presently experiencing substantial growth due to its versatile properties and wide-ranging applications across industries such as electronics, automotive, energy, healthcare, and aerospace. Flexible glass, a thin and flexible material that retains glass properties while being bendable, offers advantages such as high transparency, durability, and thermal stability. The growth of the market is driven by the rising demand for lightweight and flexible materials, technological advancements, and ongoing research and development efforts. The flexible glass market is competitive, with North America, and Asia Pacific leading the industry, however, opportunities for growth exist in other regions as well. Overall, the global flexible glass industry is poised for continued expansion fuelled by its unique properties and increasing adoption in various sectors.

Key Report Findings

• The worldwide flexible glass market recorded revenue of over US$1.1 Bn in 2020
• Application will be the highest in the consumer electronics application segment
• Corning Inc. is a leading company in the worldwide flexible glass industry
• The market in Asia Pacific region is likely to lead 

Growth Drivers

Adoption of Emerging Technologies, the Push for Sustainability and Recyclability, and Solar Power 

The growing use of flexible glass in various emerging technologies is a major driver for this global market. Industries such as consumer electronics, telecommunications, and healthcare are increasingly incorporating flexible glass into their products. For instance, the advent of foldable smartphones and wearable devices has necessitated materials that are thin, light, durable, and flexible, attributes that are perfectly fulfilled by flexible glass. 

In the context of growing environmental concerns, the recyclability of glass products is a major step in the right direction. A recent study conducted by Fairfield Market Research indicates that the global flexible glass market was valued at over US$1.1 Bn in 2020, and this market is expected to index a favourable rate of growth over the forecast timeline. Unlike certain other materials, flexible glass can be recycled and this recycled glass possesses the same quality or purity. This aligns with the global move towards the adoption and use of sustainable materials and practices. 

Moreover, flexible glass plays a significant role in the solar industry, another area that's witnessing a boom due to the increasing focus on renewable energy. Flexible glass can withstand the rigours of various environmental challenges and contributes to the efficiency of solar panels by facilitating effective energy production. With growing investments, and emerging technologies in solar power, the flexible glass market stands to benefit greatly from factors such as these.

Favourable Properties, and Increased R&D Initiatives

Flexible glass has characteristics that make it a material of choice for a host of applications. Its lightweight nature, versatility, thinness, and high strength offer significant benefits over traditional glass and other related materials. This makes it an appealing choice for manufacturers across diverse sectors including the electronics, automotive, and aerospace industries. The durability of flexible glass also allows products that are made with it to be more long-lasting in nature, thus reducing the need for frequent replacements and thereby lowering long-term costs. 

Additionally, notable effort is being directed toward research and development initiatives related to flexible glass. These activities aim to discover new applications for flexible glass and better means by which its properties can be further enhanced. Such innovation is expected to continue to drive the growth prospects of the flexible glass market by expanding the potential application areas.

Growth Challenges

High Manufacturing Costs, Technological Challenges, and Competition from Alternative Materials

The process of producing flexible glass involves high-precision manufacturing techniques, which can be quite expensive. These excessive costs can then be passed onto consumers, potentially limiting the industry for flexible glass products, particularly in price-sensitive markets. 

While flexible glass offers many benefits, there are many technological hurdles that are yet to be overcome. For instance, ensuring the durability of flexible glass in folding and unfolding applications (such as in foldable smartphones) is a significant challenge. There are also issues related to making sure that the glass can withstand various environmental and physical stresses without degrading or breaking. 

Additionally, flexible glass is in competition with other materials like plastic polymers, which are also flexible, lightweight, and often cheaper to manufacture. Factors such as these could potentially limit the market growth of the global flexible glass market in the years ahead.

Growth Opportunities Across Regions

Asia Pacific to Remain Ahead of the Pack 

With the countries like China, Japan, and South Korea, the Asia Pacific region is home to many of the world's largest consumer electronics manufacturers. Given the significant application of flexible glass in consumer electronics, this region is projected to account for a substantial share of the flexible glass market. Rapidly growing economies in this region as well as the increasing purchasing power of consumers here may continue to fuel the trajectory growth of this market. 

North America, and Europe are also slated to be prominent areas of operation and innovation for the flexible glass market owing to its adoption in various end-use industries as well as favourable regulations.

Key Market Players – Flexible Glass Landscape

Some key companies in the global flexible glass market include Corning Inc., Asahi Glass Co. Ltd., Nippon Electric Glass Co. Ltd., SCHOTT AG, LG Chem, Central Glass Co. Ltd., Kent Displays Inc., Samsung Corning Precision Glass Co. Ltd., Polytronix Inc., PolyIC GmbH & Co. KG, Abrisa Technologies, iGlass Technology Inc., C3Nano Inc., and Kinestral Technologies Inc. 

Some of the key players in the global flexible glass industry have been involved in new product launches and are implementing other growth strategies such as collaborations and acquisitions to strengthen their respective market position.

Flexible Glass Market: Key Developments

• In November 2019, Sharp, in collaboration with the Japan Broadcasting Corporation (NHK) introduced the 30” 4K flexible OLED display
• In October 2019, Visionox Technology, announced its collaboration with Peratech. The aim of this is to work on different integrations of Visionox’s AMOLED displays
• In August 2019, Samsung Italy, partnered with K-Array to develop luxury LED solutions for home projects
• In April 2019, LG Display acquired DuPont’s OLED business as well as its production and R&D facilities

Regional Classification of the Global Flexible Glass Market is Listed Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

 Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Flexible Glass Market

• Flexible Glass Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value and Volume, 2018 - 2022
• Volume Consumption at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Production Output Analysis (Major Producing Regions)
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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