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Global Flexible Glass Market to Grow at a CAGR of 6% During 2021-2026, Aided by the Increasing Demand for Solar Panels

According to a new report by EMR titled, ‘Global Flexible Glass Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 6% in the forecast period of 2021-2026.

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.

Market Analysis by Application, End Use, and Region:

  • The market on the basis of application can be divided into solar panel, photovoltaic cell, and display, among others.
  • Based on end use, the industry can be divided into automotive, energy, electrical and electronics, consumer goods, and others.
  • The regional markets for flexible glass include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for solar panels is expected to be a key driver for the market.
  • The increasing demand for high-quality electronic gadgets is likely to propel the growth of the market.
  • The rising disposable income of consumers is anticipated to have a positive impact on the progress of the industry.
  • The Asia Pacific is expected to provide the industry with immense growth opportunities owing to the rapid urbanisation and the increasing demand for consumer electronics in the region.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for flexible glass for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the applications, end uses, and regions of flexible glass.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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