Asia-Pacific to See Strong Demand for Flexible Glass in Display and Photovoltaic Applications
Japan led the Asia-Pacific flexible glass market in 2017 with more than 42% of the market share, followed by South Korea and China, respectively.
According to a recent market research report by Technavio, the Asia-Pacific market for flexible glass is projected to post a CAGR of close to 38% from 2018-2022. A key driver for the flexible glass market in the Asia-Pacific region is increasing demand for ultra-slim and scratch-resistant displays. The demand for scratch-resistant glasses in devices such as smartphones and notebooks are met by using flexible glasses due to their high scratch resistance.
The use of flexible glass in photovoltaic panels is another key trend impacting the flexible glass market in the Asia-Pacific. Flexible glass or amorphous Si solar cells reportedly provide several advantages when compared with crystalline cells. The thickness of Si can be reduced to 50 µm, thin films can be deposited on low-cost substrates, and thin films can be fabricated on module-sized substrates and integrally interconnected structures.
Of the market segments discussed in the report (display, photovoltaic, and others), the display segment held the largest flexible glass market share in 2017, accounting for around 61% of the market. This application segment is expected to dominate the market through 2022.
Japan led the market in 2017 with more than 42% of the market share, followed by South Korea and China, respectively. Japan is expected to dominate the market from 2018-2022.
For more information, visit www.technavio.com.