Asia Pacific flexible glass market to post 36.5% growth in 2014-2020

In its recent report, “Asia Pacific Flexible Glass, Market Opportunity; 2014 to 2020 Forecast”, Future Market Insights (FMI) reveals that the Asia Pacific flexible glass market is estimated to exhibit a double-digit growth of 36.5% during the forecast period. The Asia Pacific flexible glass market accounted for $94.8 million in 2014, and is expected to reach $612.7 million by 2020.

 

Asia Pacific flexible glass market is driven by factors such as incorporation of flexibility threshold in displays, development of Roll2Roll process for flexible PV and, growing R&D investments in flexible glass by key glass manufacturers. 

 

By application type, the market is segmented as display and solar PV (photovoltaic). Currently, display application segment dominates the Asia Pacific flexible glass market, and is expected to contribute $417.3Mn revenue to the Asia Pacific flexible glass market by 2020. The display application is further sub-segmented into smartphones and tablets, curved TV, building mounted displays, and wearables. Among all the aforementioned sub-segments, smartphones and tablets segment is expected to dominate the market with 50.1% of the total revenue share by 2020.

 

On the basis of countries, the Asia Pacific flexible glass market is segmented as Japan, China, South Korea and others. Among all the aforementioned countries, Japan was valued at $37.5Mn in 2014, and is estimated to be the largest contributor in 2020, followed by South Korea and China. Japan is expected to register a significant CAGR of 48.9% over the forecast period.