LONDON–(BUSINESS WIRE)–The flexible glass market research report by Technavio predicts the market in APAC to post a CAGR of close to 38% during the period 2018-2022.
A key driver for the flexible glass market in APAC is the 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 since they exhibit high scratch resistance. The rising demand for high-end gadgets such as touch-enabled notebooks is anticipated to increase the cost of flexible glass in APAC, in turn, driving market growth.
This flexible glass market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the use of flexible glass in photovoltaic panels as one of the key trends in the flexible glass market in APAC:
Flexible glass market in APAC: Use of flexible glass in photovoltaic panels
The flexible glass or amorphous Si solar cells have 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.
“The two materials, which have gained attention under thin-film technology amorphous silicon are cadmium telluride and copper indium gallium selenide. In the recent years, substantial progress has been achieved in the photovoltaic industry. The cadmium telluride and copper indium gallium selenide thin-film solar cells demonstrated record efficiencies of 16.5% and almost 20%. The amorphous silicon cells create flexible panel materials that are usually used in thin-film solar panels,” says a senior research analyst at Technavio.
Flexible glass market in APAC: Segmentation analysis
This flexible glass market analysis report segments the market by application (display, photovoltaic, and others) and geography (Japan, South Korea, China, and other countries).
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 throughout the forecast period.
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 throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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