Global Flexible substrates Market is valued USD 268.0 Million in 2016 is anticipated to grow USD 906.5 Million with the compounded annual growth of 14.5% over the forecast period 2017-2025.
New York 25 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Flexible substrates industry is poised to raise USD 906.5 Million by 2025. Some key components for the market development will be; increasing demand from the electronics industry across the globe. Flexible substrates are increasingly being used in the production of flexible printed circuit boards. They are also used for the production of solar modules. Moreover, their increased use in the manufacturing of medical & healthcare devices is also driving the growth of the flexible substrates market across the globe. Increased consumption of flexible substrates in solar application is also leading to the growth of the flexible substrates market, worldwide.
To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Flexible substrates Market Size study, by Type (Plastic, Glass, Metal), Application (Consumer Electronics, Solar Energy, Medical & Healthcare, Aerospace & Defense) and by Regional Forecasts 2017-2025
The industry is seems to be fairly competitive. Some of the leading market players include Dupont Teijin (Indorama), Teijin, Kolon Industries, Polyonics, American Semiconductor, Corning, Heraeus and so on. Other market players discussed in the report include I-Components Co., Ltd., Nippon Electric Glass, Schott. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Growth of the plastic type segment of the flexible substrates market can be attributed to the increased demand for low-cost, flexible substrates from the electronics industry across the globe.
- Increasing use of flexible substrates in display and other portable devices is driving the growth of the consumer electronics application segment.
- Flexible substrates markets in China and India are also witnessing significant growth, owing to the increased production of electronics in these countries.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Consumer electronics
- Solar energy
- Medical healthcare
- Aerospace & defense
- North America
- Asia Pacific
- Latin America
- Rest of the World