Flexible Substrates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2025
Published | 23 August 2019
The Flexible Substrate Market meant to grow with surging
demand for written physical science technologies that are predicted to be the
key force driving the global flexible substrates market. The advancements in
versatile medical devices not to mention the rising adoption of
electronics-based IC planning ways for non-invasive observance devices is
anticipated to spice up the world versatile substrates market over the forecast
period. The growing need for organic light-emitting diodes (OLED) is further
estimated to urge the flexible substrates which are widely used in creating
white light panels for lighting and making aesthetically pleasing as well as
efficient displays, that may further fuel the growth of flexible substrates
market. Moreover, widespread adoption of flexible substrate materials in the
exploration of photo-voltaic is also catapult market demand over the coming
years.
According to BlueWeave Consulting, “Global Flexible Substrate Market” is expected to grow with a
significant rate during the forecast period 2019-2025 owing to the increasing
importance due to the eco-friendly and lightweight properties.
Global Flexible substrate market is expected to gain
prominence as a critical constituent of flexible displays owing to have several
benefits including performance, price, and reliability. Furthermore, the advent
of the flexible electronics market is anticipated to grow the flexible
substrates market significantly over the next few years. Also, innovation and
developments across the display industry in terms of products and technology
focused on scaling-to-large-areas and realizing high-resolution images are
expected to upsurge demand for 3-D flexible substrates market. Even, increased
usage in the manufacturing of medical & healthcare devices is driving the
growth of the flexible substrates market globally.
Solar
Energy segment Is Expected to Be the Most Lucrative Application Segment of
Global Flexible Substrates Market over the Forecast Period
Global Flexible Substrates Market by applications is
sub-divided as power, utility, energy, defense & aerospace sector, consumer
electronics, medical & healthcare, and automotive. The fastest-growing need
for flexible substrates is in the solar energy application backed up by the
government initiatives in emerging economies such as China and India are driving
the solar energy application of the flexible substrate market.
Moreover, leading corporations such as IBM and Google
are taking concerted steps to move toward renewable energy, which is subsequent
in a rise in the demand for solar modules, apparently driving the flexible
substrates market. Furthermore, advantages such as improved performance,
reliability and, lower price are expected to boost the market for flexible
substrates over the forecast period. However, the consumer electronics segment
is snowballing as the growth of this application segment can be attributed to
the increased use of flexible substrates in various commercial electronics
applications.
Asia
Pacific Is Anticipated To Be the Fastest Growing Region of Global Flexible
Substrates Market during the Forecast Period
Asia Pacific region is expected to gain prominence over
the next few years attributed to factors such as growing manufacturing
facilities coupled with the availability of skilled & low-cost labour.
Also, enhancing electronics technologies in developing countries such as Japan,
China and India are expected to stimulate regional market growth shortly.
Moreover, the growth of the flexible substrates market
in the region attribute to the increased government spending power along with
the private sector investments being made to carry out infrastructural
development projects which in turn, leads to an increased demand for the
flexible substrates market. However, North America is expected to hold the
significant market share of the global flexible substrates market on account of
enhanced electronic technologies in this region. Furthermore, the presence of
notable players in the region, numerous research universities, and governments
increased investment in research projects are expected to fuel the regional
market of North America over the forecast period.
Global
Flexible Substrates Market Competitive Landscape
Key players in the global flexible substrate market
include Heraeus Materials Technology GmbH & Co. KG, American Semiconductor,
Inc., BenQ Materials Corporation, Griff Paper and Film, Polyonics, Inc., 3M
Company, E.I. DuPont de Nemours and Company, Griff Paper and Film, SCHOTT North
America, Inc., Porex Corporation, Arlon Graphics LLC and Rogers Corporation.
The in-depth analysis of the report provides the growth
potential, upcoming trends and statistics of Global Flexible Substrates Market
size & forecast. The report promises to provide state-of-the-art technology
of flexible substrates production and industry insights which help decision
makers to take sound strategic decisions. Furthermore, the report also analyzes
the market drivers and challenges and competitive analysis of the market.
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