Glass
is an amorphous (non-crystalline) solid material which exhibits a glass
transition. Glass can also take reversible transition in amorphous
materials from a hard and relatively brittle material state to a molten
or plastic state. Glasses are basically brittle in state and are
optically transparent in nature. Most commonly known glass type is
soda-lime glass (made up of 75% silicon dioxide (SiO2), sodium oxide
(Na2O), lime (CaO) and various minor additives materials). Flexible
glass is an ultra-thin glass having the properties of a rigid glass
material. Properties such as strength, temperature stability and
durability in a flexible nature are associated with flexible glasses.
Additionally, flexible glass can also attain the property of plastics
such as scratch resistance and rigidity. Flexible glass is majorly used
to increase the strength and flexibility of the finished product, in
turn increases the life of the products. Additionally, flexible glass
also helps the electronic gadgets to reduce their weight, increases its
attractiveness, making it handy and better or high quality products.
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Owing
to the unique flexibility property of the glass, the flexible glass
market can by bifurcated according to the end-user markets such as
display market, OLED (organic light-emitting diode) market and Other
gadgets markets (which are rollable, flexible and wearable in nature).
Display market is expected to dominate the demand of flexible glass in
the forecasted period owing to development of next generation gadgets.
Other applications of the flexible glass are in the manufacturing of
displays of cellphones and tablets.
North
America has the largest market for flexible glass, followed by Europe
and Asia Pacific. The U.S. and China are the largest consumers of
flexible glass and are expected to dominate the market in coming years.
North America is expected to maintain its dominance in the forecasted
period; Europe is expected to shoe marginal growth. However, Asia
Pacific region is expected to witness highest growth in the forecasted
period owing to the increasing domestic demand of cellphones and tablets
in the emerging markets of India and china.
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Increasing
demand of consumer electronics paired with advancement in the display
technology is expected to increase demand for products such as
smartphones, laptops, tablets and TVs. This is expected to increase the
demand for flexible glass materials, driving the overall flexible glass
market. Additionally, increasing demand for slim and scratch-resistant
displays in the electronics products is expected to drive the flexible
glass market to some extent. Also, with increasing disposable income
consumers are demanding better quality electronic products such as
smartphones, smartwatches, cellphones and other products; this is
further increasing the demand for flexible glass, especially in the
developing markets such as India, China and Brazil. According to the
National Bureau of Statistics China, annual per capita disposable income
of urban households in China increased from USD 2,271.0 in 2008 to USD
3408.5 in 2012. The overall annual disposable income in India medium
household income increased from USD 1,366.2 billion in 2010 to USD
1,587.6 billion in 2013.
Some
of the major companies operating in the global flexible glass market
are Corning Inc., Nippon Electric Glass Co. Ltd., Asahi Glass Co. Ltd.,
Schott AG, Abrisa Technologies, Tokyo Electron, Dupont Display,
Universal Display Corporation, Materion Corporation, Kent Displays,
Inc., LG Display Co. Ltd., Sony Corporation and LiSEC Group.
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