Glass is a solid material which displays glass transition
and can also take convertible transitions in amorphous materials. Being brittle
in state glasses are optically transparent by nature. Glass possess
characteristics such as temperature, strength, stability and durability. The most
commonly known glass is soda lime glass mainly made up of silicon dioxide,
sodium oxide and lime. Thus, flexible
glass resembles the properties of a rigid glass material though it is
ultra-thin glass. Moreover, flexible glass can also resemble properties
such as scratch resistance and rigidity as those in plastics. Flexible glass is
primarily used to multiply the strength & flexibility of the finished
product and in turn increase the shell life of the product. It helps in keeping
electronic gadgets to minimize their weights, increase its shine and making
high-end better and quality products.
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The major driving factors for the global flexible market is
growing demand of consumer electronics coupled with developments in display
technology boosting the demand for products such as laptops, tablets, TVs and
smartphones. This is projected to increase the demand for flexible glass
materials. Moreover, increasing demand for scratch-resistant displays in the
electronics products is expected to drive the flexible glass market worldwide.
Disposable income is another factor that boosts the market demand. Need for
quality electronic products such as smartphones, smartwatches, cellphones and
other gadgets are increasing the demand for flexible glass market.
On the basis of end-user, the Global Flexible
Glass Market is bifurcated into display market, OLED (organic-light
emitting diode) and other gadgets. On the basis of application, the global
flexible market is segmented into display and solar photovoltaic. Display is
further sub-segmented into tables, curved TV, smartphones, displays, wearables
and building mounted displays. Smartphones and tablets dominate the display
segment and contributed to revenue generation whereas curved TV is projected to
be the fastest growing market for the projected period. Wearable accounted for
the small share in the market and is projected to grow at a higher CAGR for the
forecast period. On the basis of geography, the global flexible glass market is
segmented into North America, Europe, Asia-Pacific, Middle-East and Africa.
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North America dominates the global flexible market in terms
of volume. Asia-Pacific regions are projected to be the emerging markets owing
to growing demand of cellphones and tablets in India and China. Europe is
projected to exhibit marginal growth. European startups have been creating
innovative products that results into improved efficiency, limits fluid flow
and increases pressure drop. Danish company SIOx has been awarded as a runner
up in Climate-KIC’s venture competition 2016 for its work on technology that
has enabled flexible glass-on metal coatings. The company claims that it has
strengthened fused quartz coating of metal based on NANOmel technology which
once applied, the film provides a dense and flexible glass-on metal coating
that protects the metal from corrosion.
Another company, Carbon-delta, Switzerland based startup,
was declared a winner of European finals of the venture competition 2016 held
in Frankfurt. This startup evaluates the climate change which helps investors
assess climate risks and allowing them to identify a company’s value and the
level of effect by climate alterations. The key players in the global flexible
market comprise Nippon Electric Glass Co. Ltd., Corning Inc., Schott AG, Asahi
Glass Co. Ltd., Tokyo Electron, Dupont Display, Universal Display Corporation,
Materion Corporation, Abrisa Technologies, Kent Displays, Inc., Sony
Corporation, LG Display Co. Ltd. and LiSEC Group.
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