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Smartphones and PV Cells Hold the Answer to Asia Pacific Flexible Glass Market’s Success

Blog Description

The Asia Pacific flexible glass market is growing at a CAGR of 36.5% from 2014 to 2020. This highly impressive CAGR makes sense when the reasons for heavy
innovation and research are taken into account. Two of the biggest application segments of the Asia Pacific flexible glass market are smartphones and solar
photovoltaic cells. Both markets are growing at lightning pace and are taking the flexible glass market to new levels of development with them.

Browse the full Asia Pacific Flexible Glass Market Report: http://www.mrrse.com/asia-pacific-flexible-glass-market

Flexible Glass Display Takes Strong Strides

The Asia Pacific flexible glass market is largely dominated by its display segment. The segment was worth US$74.2 million in 2013. Growing at a CAGR of
33.4%, it should be worth US$417.3 million by 2020. One of the bigger reasons for this huge leap in market value is the development of the Roll2Roll
process. It will make it easier for manufacturers to create flexible glass to be used in solar PV applications. It is because of the Roll2Roll process that
the solar PV application sub-segment of the flexible glass displays segment is set to be the fastest growing one currently.

Other sub-segments of the Asia Pacific flexible glass market’s display applications are tablets, smartphones, wearables, mounted displays, and curved TVs.
The market is dominated by demand from smartphones and tablets, which is expected to generate nearly half the revenue in the market by 2020. The highest
CAGR, however, is displayed by curved TVs – 57.1% between 2014 and 2020. As more players enter the curved TV market, the demand for flexible glass will
increase accordingly.

Japan and South Korea could be Where Flexible Glass Takes its Next Big Step

According to countries, the Asia Pacific flexible glass market is segmented into South Korea, Japan, China, and the other APAC countries as one
miscellaneous group. The top players that operate in the Asia Pacific flexible glass market are Schott AG, Nippon Electric Glass Co, Ltd., Asahi Glass Co.,
Ltd., and Corning Inc.

LG, the South Korean electronics giant, has already made waves with its new G Flex 2 smartphone with flexible display and the Apple Watch’s display. The
company has recently announced to further invest almost US$1 billion into the Asia Pacific flexible glass market to bring out the 6th generation
of flexible OLED displays. If rumors are to be believed, LG could be a key investor into the first flexible iPhone, which could arrive by 2018.

Fittingly, South Korea and Japan have remained the dominant regions in the Asia Pacific flexible glass market. Japan is predicted to account for nearly 40%
of the Asia Pacific flexible glass market by 2020. South Korea will continue its strong growth rate through innovations in TV and smartphone manufacture.
South Korea also holds a large number of research and development centers whose results benefit the Asia Pacific flexible glass market. This number is in
fact growing even further. All factors point to strong and irresistible growth of the Asia Pacific flexible glass market in the coming few years.