Tuesday, 28 January 2025 07:00 PM
Company Update
Japan's flexible glass market is projected to reach USD 135.8 million by 2035, growing at a 12.4% CAGR. Capturing 7.2% of the global market, Japan's growth is driven by technological innovation in electronics (OLED, AMOLED) and renewable energy, along with advancements in solar panels and R&D in specialty materials.
NEWARK, DE / ACCESS Newswire / January 28, 2025 / The Asia Pacific flexible glass market has the potential to grow significantly. It is anticipated that the market will grow from USD 666.7 million in 2025 to an impressive USD 2283.3 million by 2035. The CAGR of this market is expected to be 13.1% between the period of 2025 and 2035, driven by the accelerating demand for flexible glass solutions in key industries in consumer electronics, automotive, and solar energy.
The market, which was valued at USD 360.3 million in 2020, has already shown a 12.6% year-on-year growth in demand as of 2025, indicating an expansion trajectory that reflects both increased technological advancements and consumer demand for high-performance, durable electronic devices.
Drivers and Trends
Flexible glass has potential to be used in smartphones & tablet displays. Rapidly growing smartphones & tablets market is predominantly driving the market for flexible glass.
Factors such as need of flexibility threshold in the display and growing R&D investments in flexible glass by key glass manufacturers are likely to drive the development in Asia Pacific flexible glass market.
In addition, development of Roll-to-Roll process has enabled easy manufacturing of flexible PV and flexible OLED displays. Advancements in manufacturing technologies are also anticipated to drive the growth in Asia Pacific flexible glass market.
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Key Market Drivers
Aluminosilicate Glass Demand: Higher adoption due to strength, flexibility, and durability in foldable devices and wearables.
Borosilicate Glass Growth: Critical for ultra-thin, bendable displays to allow for innovations in smartphones, tablets, and solar panels.
Consumer Electronics Expansion: Rising need for flexible glass in foldable smartphones, wearables, and curved displays.
Automotive Integration: Flexible glass use in EVs for lightweight and durable applications like panoramic roofs and solar panels.
Solar Energy Advancements: Flexible glass is driving efficiency in solar panels. It supports large-scale and portable energy solutions.
Ultra-Thin Glass Manufacturing: Advancements in production techniques reducing costs and expanding flexible glass applications across industries.
Regional Insights into the Asia Pacific Flexible Glass Market
Countries | Value CAGR (2025 to 2035) |
Singapore | 15.0% |
Thailand | 14.7% |
Indonesia | 14.3% |
Malaysia | 14.1% |
China | 13.2% |
Key Takeaways from theAsia Pacific Flexible Glass Market
Aluminosilicate glass is pushing the demand as it is more rigid, flexible, and robust for foldable devices and wearables.
Borosilicate glass is increasingly in use due to its ultra-thin, bendable properties for flexible displays and solar panels.
Flexible glass is crucial for innovative consumer electronics, including foldable smartphones, wearables, and curved displays.
The automotive sector is using flexible glass for lightweight, robust solutions in electric vehicles and smart features.
Flexible glass is increasingly being used to expand the solar energy market with efficient, flexible solar panels.
Advances in ultra-thin glass production have reduced production costs, making the material more accessible to industries.
"The escalating demand for aluminosilicate and borosilicate glass in foldable devices, wearables, and flexible displays, coupled with the growing integration of flexible glass within the automotive sector for electric vehicles and solar applications, is catalyzing substantial market expansion. Concurrently, advancements in ultra-thin glass manufacturing are driving down production costs while enhancing accessibility." - Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Future Opportunities
Flexible glass is also likely to find applications such as 2.5D and 3D semiconductor packaging. The report provides comprehensive overview of the cost analysis to replace silicone interposer with flexible glass.
Further, the report also forecasts an appropriate price of flexible glass to replace plastic substrates with flexible glass in flexible OLED display applications.
The report profiles the key strategies and financial outlook of Corning Inc., Asahi Glass Co., Ltd., Nippon Electric Glass Co., Ltd., and Schott AG.
The market is highly consolidated with the existence of giant glass manufacturers along with joint ventures with leading display manufacturers. The report also analyses future market strategies of flexible glass manufacturers to sustain the competition.
Prominent Drivers of the Asia Pacific Flexible Glass Market
Increasing Solar Energy Applications: The soaring use of flexible glass in solar panel applications, such as portable chargers to very large installations, is increasing its demand in the renewable energy fields.
Focus on Energy Efficiency and Sustainability: The encouragement through 'green' materials, which are eco-friendly and energy-efficient especially for the industries of automobiles and renewable energy, finds wide acceptance towards flexible glass.
Growing Demand for OLED and AMOLED Displays: Flexible glass is essential for the development of flexible OLED and AMOLED displays, which are increasingly used in smartphones, TVs, and wearables.
Government Investments in Renewable Energy: Increased government investments in solar energy projects and electric vehicle infrastructure are also driving the demand for flexible glass in the APAC region.
Expansion of the Wearables Market: Flexible glass is playing a critical role in the creation of lightweight, durable, and scratch-resistant surfaces for wearables, smartwatches, and even fitness trackers.
Proliferation of Smart Devices: The ever-growing demand for smart devices including AR glasses, smart TVs, and home products is significantly creating demand for flexible glass.
Rising Consumer Preference for Innovative, High-Quality Displays: As consumers demand more advanced, high-quality displays for mobile devices and televisions, flexible glass is becoming a key material in meeting these expectations.
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Challenges Faced by Asia Pacific Flexible Glass Market
High Production Costs: Despite advancements in manufacturing, the production of flexible glass remains expensive, which can hinder its widespread adoption, especially in cost-sensitive markets.
Competition from Alternative Materials: Flexible glass competes with other alternatives such as PET, PMMA, and thin-film coatings that do offer flexibility but are relatively cheaper, hence the market share is compromised.
Manufacturing Complexities: Production of flexible glass requires advanced techniques like roll-to-roll processing, which is technically very challenging and hence can be accompanied by inefficiency in production.
Limited Raw Material Availability: High-quality raw materials for flexible glass, especially aluminosilicate and borosilicate glass, are difficult to find, which affects supply chains and increases costs.
Technological Barriers to Scalability: Currently, scaling up production of flexible glass for the mass market, maintaining its quality, poses a challenge for manufacturers.
Environmental Concerns and Recycling: Flexible glass, like many advanced materials, presents challenges related to recycling and environmental impact, especially as the demand for electronic devices continues to grow.
Market Fragmentation: The flexible glass market is highly fragmented, with various materials and technologies competing for market share, making it difficult for companies to establish dominance and secure long-term growth.
Competitive Landscape of the Asia Pacific Flexible Glass Market
The key companies of the flexible glass market are gradually consolidating their market share with around 35-40%. Companies are more concentrated on technological developments, sustainability practices, and market expansion in the region.
This industry is highly customer-centric, producing flexible glass with a wide application range. Leaders in the industry are actively working together to lead the curve. Their products, therefore, would meet the current demands while not compromising on their quality and adaptability.
Recent Development in Asia Pacific Flexible Glass Market
In October 2024, AGC Glass Europe is proud to announce a new collaboration with Eastman to integrate the innovative Saflex™ LiteCarbon™ Clear interlayer into its Low-Carbon Stratobel laminated safety glass. This collaboration underscores the growing interest in and recognized value of low-carbon products, which helps industries reduce their carbon footprint and support their sustainability objectives.
In Sept 2024, Corning developing new glass technologies for folding phones and smartwatches. Corning announced a joint venture (JV) with Optiemus to make protective front glass for smartphones in a greenfield factory coming up in Tamil Nadu. Eventually, the JV might move to producing back protective layer or glass melting as well. The joint venture called, Bharat Innovative Glass (BIG) Technologies, will start producing from the second half of 2025.
Key Players
Corning Incorporated
Xinyi Glass Holdings Limited
AGC Inc.
Nippon Electric Glass Co., Ltd
Fuyaogroup
SCHOTT AG
CSG HOLDING CO., LTD
Nippon Sheet Glass Co., Ltd
Taiwan Glass Industry Corporation
Wuhu Changxin Technology Co., Ltd
Other Key Players
Access the Full Report Asia Pacific Flexible Glass Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/apac-flexible-glass-market
Key Segmentation:
By Material Type
The Material Type segment is further categorized into Aluminosilicate Glass and Borosilicate Glass.
By Thickness
The Application Material segment is classified into Ultra-Thin (under 50 microns), Thin (50-200 microns), Standard (200 microns and above).
By End Use
The End Use segment is classified into Consumer Electronics, Energy & Power, Automotive & Transportation, Healthcare, Aerospace & Defense, and Others
By Region
Regions considered in the study include China, South Korea, Japan, India and Rest of Asia Pacific.
Author By:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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