According to the recent study the flexible substrates market is projected to grow at a CAGR of 13% to 15% from 2020 to 2025. Growth in this market is primarily driven by rising demand for flexible displays from the electronics industry, Increased adoption of flexible displays in material types such as smartphones and wearable devices is also driving the demand for flexible substrates.
Browse XX figures /
charts and XX tables in this 150 -page report to understand trends,
opportunities and forecast in flexible substrates market by material type
(plastic, glass, metal), end use industry (consumer electronics, solar energy,
healthcare, aerospace & defense, and others), and region (North America,
Europe, Asia Pacific, and Rest of the World).
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“Plastic market is expected to remain
the largest segment during the forecast period.”
Based on material type,
the flexible substrates market is segmented into plastic, glass, metal.
Lucintel forecasts that the plastic market is expected to remain the largest
segment due to increased demand for low-cost, flexible substrates from the
electronics industry across the globe.
“Within the flexible substrates market, the consumer electronics
segment is expected to remain the largest end use industry.”
Based on end use
industry the consumer electronics segment is expected to witness the highest
growth over the forecast period due to increasing use of flexible substrate in
display and other portable devices, which is driving the growth of the consumer
electronics application segment.
“Asia pacific will dominate the flexible substrates market in near
future.”
Asia Pacific will remain
the largest region and it is expected to witness the highest growth over the
forecast period supported by increased investments by private companies of the
electronics industry in the Asia Pacific region, which is also creating demand
for flexible substrates in the region. The flexible substrate markets in China
and India are also witnessing significant growth, owing to the increased
production of electronics in these countries.
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Major players of
flexible substrates market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Teijin,
Schott, Corning, Polyonics, Kolon industries, and Heraeus are among the major
flexible substrates providers.
This unique research report will enable you to make confident business
decisions in this globally competitive marketplace. For a detailed table of
contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/flexible-substrates-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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