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Flexible glass is used for its advantages, such as low cost, low weight, heat and water resistance, and scratch resistance, among other properties. Some of the major end use industries of the product include electrical and electronics, automotive, and consumer goods, among others. Solar panel production possesses a significant market share in the flexible glass industry. Moreover, the demand for solar panels from emerging economies, such as India and China, is expected to enhance in the forecast period owing to the favourable government initiatives, thus, aiding the market. Furthermore, the growing demand for lightweight and scratch-free materials in the solar energy industry to provide increased flexibility of design and ultra-slim glass effect is largely responsible for the market growth. In addition, the growing investment in renewable energy sources to reduce global carbon emissions is expected to further aid the market. All of the above factors are expected to enhance the demand for flexible glass during the forecast period.
Recently, some key industrial developments have shown the potential to become important drivers for the market expansion in the forecast period. For instance, Energy Materials Corp., a firm that deals with the development of high-pace roll-to-roll production of solar energy panels, has developed an enabling process for the printing of transparent conductors as part of its strategy to scale-up its inline manufacturing process. The company says that the roll-to-roll printing of metal conductors on flexible glass at 1 metre per second sets a world record for the speed of printing flexible electronics on glass. Such developments by the key industry players, including Corning Incorporated (NYSE: GLW) and others, are expected to significantly contribute to the market growth.
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The major players in the global flexible glass market are AGC Inc., Schott AG, Corning Incorporated, LG Display Co. Ltd, and Nippon Electric Glass Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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