USD 1.6 billion
Flexible Glass Market Size, Share, Growth Analysis, By Form Factor (Sheets/Rolls, Flat Panels, Curved, Transparent), By Technology (OLED, LCD), By Transmission (Transparent, Translucent), By Application (Electronic Devices, Automotive), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15G2061 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
65
|Figures:
75
Flexible Glass Market Insights
Flexible Glass Market size was valued at USD 1.71 Billion in 2023 and is poised to grow from USD 1.82 Billion in 2024 to USD 2.92 Billion by 2032, growing at a CAGR of 6.2% during the forecast period (2025-2032).
The market is driven by the growing demand for lightweight and flexible electronic devices, such as smartphones, wearables, and foldable displays.
Additionally, advancements in glass manufacturing technologies and increasing investments in research and development activities are expected to further fuel the growth of the global flexible glass market.
There is a rising demand for flexible glass in the consumer electronics industry, driven by the increasing popularity of smartphones, tablets, and wearable devices. The ability of flexible glass to enable bendable and foldable displays is a key factor driving its adoption.
Secondly, the automotive sector is also adopting flexible glass for applications such as heads-up displays, dashboards, and smart mirrors, as it offers enhanced safety and improved aesthetics.
Thirdly, the energy sector is utilizing flexible glass in solar panels and batteries to enhance energy efficiency and durability.
Lastly, the healthcare industry is incorporating flexible glass in medical devices and diagnostics for improved performance and patient comfort.
US Flexible Glass Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2031
Global Market Size
Largest Segment
ultra-thin glass
Fastest Growth
bendable glass
Growth Rate
6.2% CAGR
Global Flexible Paper Glass Market ($ Bn)
Country Share for Asia pacific Region (%)
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Flexible Glass Market Segmental Analysis
Global Flexible Glass Market is segmented by Form Factor, by Technology, by Transmission, by Application and by Region. Based on Form Factor, the market is segmented into Sheets/Rolls, Flat Panels, Curved, Transparent. Based on Technology, the market is segmented into OLED (Organic Light-Emitting Diode), LCD (Liquid Crystal Display), EL (Electroluminescent), PDLC (Polymer Dispersed Liquid Crystal), TFT (Thin Film Transistor). Based on Transmission, the market is segmented into Transparent, Translucent, Opaque. Based on Application, the market is segmented into Electronic Devices, Automotive, Medical, Industrial, Architecture. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Flexible Glass Market Analysis By Application
Among the various applications in the flexible glass market, consumer electronics stands as the largest segment, driving the industry's growth with its significant market share. With the rapid advancements in technology and the increasing demand for innovative devices, consumer electronics have embraced the flexibility and durability offered by flexible glass. The segment's dominance can be attributed to the soaring popularity of smartphones, tablets, wearables, and other portable electronic devices that incorporate flexible displays. As consumers seek sleek and immersive experiences, manufacturers are leveraging the advantages of flexible glass to create curved, foldable, and rollable displays, providing enhanced user interaction and portability. Moreover, the consumer electronics segment's numbers are impressive, with it accounting for a substantial share of the overall market revenue, reaching billions of dollars annually.
The fastest growing segment in the flexible glass market is the automotive industry. The automotive sector has witnessed a surge in the adoption of flexible glass for various applications such as heads-up displays, smart mirrors, and infotainment systems. The demand for connected cars and electric vehicles, coupled with the increasing focus on advanced driver assistance systems, has propelled the need for flexible glass in automotive design. The segment's growth is driven by the pursuit of sleek, futuristic interior designs and the incorporation of advanced displays to enhance driver experience and safety.
Flexible Glass Market Analysis By Type
Among the different types of flexible glass, the largest segment in the global market is ultra-thin glass. Ultra-thin glass has emerged as a game-changer in various industries, revolutionizing the design and functionality of electronic devices. With its exceptional thinness and flexibility, ultra-thin glass has become a preferred choice for high-end displays in smartphones, tablets, and wearable devices. The demand for ultra-thin glass is driven by the growing consumer expectations for sleek and lightweight electronic gadgets. Its exceptional optical properties and durability make it a perfect fit for applications that require high-resolution displays and touch sensitivity. The ultra-thin glass segment commands a substantial market share, contributing to billions of dollars in revenue annually.
The fastest growing segment in the global flexible glass market is bendable glass. Bendable glass is gaining traction in various industries, particularly in the consumer electronics and automotive sectors. Its unique ability to bend and flex without compromising its structural integrity makes it an ideal choice for curved displays and next-generation design concepts. The demand for bendable glass is driven by the rising popularity of curved smartphones, curved televisions, and automotive displays with sleek and futuristic designs. As consumers seek immersive and visually stunning experiences, manufacturers are increasingly adopting bendable glass to meet these demands. With a strong compound annual growth rate (CAGR) projected in the double digits, the bendable glass segment represents a significant growth opportunity for market players.
Global Flexible Glass Market By Type
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Flexible Glass Market Regional Insights
One dominating region in the market is Asia Pacific, which holds a significant market share and serves as a hub for flexible glass manufacturing and consumption. The region's dominance can be attributed to several factors, including the presence of major consumer electronics manufacturers and a robust supply chain infrastructure. Countries like China, South Korea, and Japan are at the forefront of technological advancements and have established themselves as key players in the global flexible glass market. For instance, China is the largest producer and consumer of smartphones globally, driving the demand for flexible glass in the region. Additionally, South Korea's prominence in the display industry, with companies like Samsung and LG, further solidifies Asia Pacific's dominance. With its vast market size and technological advancements, Asia Pacific holds a substantial market share in the global flexible glass industry.
One of the fastest growing regions in the global flexible glass market is North America. The region is witnessing significant growth due to the increasing adoption of flexible glass in various applications, particularly in the consumer electronics sector. For example, the United States is home to major technology giants and innovative startups that are at the forefront of developing flexible displays and devices. Companies like Apple and Google are driving the demand for flexible glass in smartphones and wearable devices, pushing the boundaries of design and functionality. Additionally, the automotive industry in North America is increasingly incorporating flexible glass for advanced displays and interactive interfaces, contributing to the region's growth. With its growing market share and technological advancements, North America offers lucrative opportunities for flexible glass manufacturers and suppliers.
Global Flexible Glass Market By Geography
- Largest
- Fastest
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Flexible Glass Market Dynamics
Flexible Glass Market Drivers
Increasing Demand for Flexible Electronics
- The rising demand for flexible electronic devices, such as smartphones, wearables, and foldable displays, is a major driver of the flexible glass market. Flexible glass enables the production of thin, lightweight, and durable displays, which are essential for the design and functionality of these devices.
- Advancements in display technologies, particularly OLED and AMOLED, are driving the demand for flexible glass. These technologies offer benefits such as higher contrast ratios, wider viewing angles, and flexibility, which can be achieved through the use of flexible glass substrates.
Flexible Glass Market Restraints
Technical Challenges in Manufacturing
- Manufacturing flexible glass with desired properties, such as high flexibility, thinness, and durability, can be technically challenging. Achieving consistent quality and yield rates in large-scale production can be demanding, leading to potential limitations in meeting market demand.
- Flexible glass faces competition from alternative materials such as flexible polymers and plastic substrates. These materials offer similar flexibility and are often lower in cost, making them viable alternatives for certain applications. The availability and advancements in alternative materials can impact the growth of the flexible glass market.
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Flexible Glass Market Competitive Landscape
The flexible glass market is experiencing significant growth and a highly competitive landscape. The demand for flexible glass is driven by its numerous applications in various industries such as electronics, automotive, and aerospace. The market is witnessing intense competition among key players who are constantly innovating and developing new products to gain a competitive edge. Companies are investing heavily in research and development activities to improve the flexibility, strength, and durability of glass materials. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are common strategies adopted by market players to expand their market presence and enhance their product portfolios. With the growing demand for flexible glass and the continuous advancements in technology, the competition in the market is expected to further intensify in the coming years.
Flexible Glass Market Top Player’s Company Profiles
- Sekisui Chemical Co., Ltd.
- Corning Incorporated
- Mitsubishi Chemical Corporation
- 3M Company
- SABIC
- Toray Industries, Inc.
- Asahi Glass Co., Ltd.
- Nippon Sheet Glass Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- DuPont
- Dow Inc.
- Eastman Chemical Company
- LG Chem
- SCHOTT
- Saint-Gobain
- NEG Group
- Plan Optik AG
- Central Glass Co., Ltd. Polytronix, Inc.
- Oike & Co., Ltd.
- Xinyi Glass Holdings Limited
Flexible Glass Market Recent Developments
- In May 2023, McAfee introduced its Cloud Workload Protection Suite, a comprehensive solution designed to safeguard cloud workloads from various threats. This suite offers a wide range of protective measures to ensure the security of cloud workloads.
- In June 2023, IBM announced the availability of its Cloud Pak for Security platform. This platform provides a comprehensive solution for securing cloud workloads, encompassing essential components such as identity and access management, data protection, and advanced threat detection and response capabilities.
Flexible Glass Key Market Trends
- The growing popularity of smartphones, tablets, and wearables with flexible displays is driving the demand for flexible glass. Consumers are seeking innovative and more immersive electronic devices, leading to the development of foldable smartphones and flexible displays. Flexible glass enables manufacturers to create curved, bendable, and rollable screens, providing enhanced user experience and portability.
Flexible Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The global flexible glass market is poised for robust growth in the foreseeable future. The automotive industry is increasingly incorporating flexible glass in various applications such as heads-up displays (HUDs), smart mirrors, and infotainment systems. Flexible glass offers durability, lightweight properties, and the ability to conform to curved surfaces, making it suitable for automotive design requirements. The rising demand for connected cars and electric vehicles further drives the need for flexible glass in automotive applications.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.6 billion |
| Market size value in 2031 | USD 2.75 billion |
| Growth Rate | 6.2% |
| Base year | 2023 |
| Forecast period | 2023-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flexible Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flexible Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Flexible Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flexible Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flexible Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flexible Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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