According to a new market report published by Lucintel, the future of the flexible substrate market looks promising with opportunities in the consumer electronics, solar energy, healthcare, and aerospace & defense industries. The global flexible substrate market is expected to grow with a CAGR of 14% from 2020 to 2025. The major drivers for this market are rising demand for flexible displays from the electronics industry, Increased adoption of flexible displays in applications such as smartphones and wearable devices is also driving the demand for flexible substrates.
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In this market, plastic, glass, metal are the major materials used. Lucintel forecasts that the plastic type is expected to witness the highest growth during the forecast period due to increased demand for low-cost, flexible substrates from the electronics industry across the globe.
Within this market, consumer electronics will remain the largest application and it is expected to witness the highest growth over the forecast period due to an increasing use of flexible substrate in display and other portable devices, which is driving the growth of the consumer electronics application segment.
Asia Pacific will remain the largest region and it is expected to witness the highest growth over the forecast period supported by increased investments by private companies of the electronics industry in the Asia Pacific region, which is also creating demand for flexible substrates in the region. The flexible substrate markets in China and India are also witnessing significant growth, owing to the increased production of electronics in these countries.
Teijin, Schott, Corning, Polyonics, Kolon industries, and Heraeus are among the major manufacturers of flexible substrates market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flexible substrate market by material type, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Flexible Substrate Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global flexible substrate market by material type, end use industry, and region as follows:
By Material Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:
Consumer Electronics
Solar Energy
Healthcare
Aerospace & Defense
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.