The global flexible substrates market was valued at USD 405.4 million in 2018 and is expected to reach USD 838.5 million in 2026, growing at a CAGR of 9.5% during the forecast period.
Flexible substrates are an original layer or substance. It is primarily being used across flexible electronics, where electronic devices are mounted on these flexible substrates. The flexible substrates primarily reduce the overall weight of the flat panel displays to enhance the product ability to conform, bend or roll a display into any shape.
Flexible Substrates Market Segmentation |
|
| By Plastic Type | 1. Plastic |
| 2. Glass | |
| 3. Metal | |
| By Application | 1. Consumer Electronics |
| 2. Solar Energy | |
| 3. Automotive | |
| 4. Medical & Healthcare | |
| 5. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The rise in the adoption of flexible displays in consumer electronics and an increase in demand for thin-film solar modules are the main drivers for the global market in the coming years. Moreover, the increase in demand for printed electronic technologies and rising demand for organic light-emitting diodes are further expected to raise the demand in the market. Furthermore, flexible substrates accounting for improved performance, lower price, and reliability are expected to boost the demand for the product in the market. These above-mentioned advantages increase the demand for electronic devices which in turn fuels the growth of the global flexible substrates market. However, the stringent regulations and demand for conventional rigid electronic products are expected to restrain the growth of the market in the coming years.
The plastic type segment expected to dominate the market throughout the forecast period
Based on the product, the global flexible substrates market has been segmented into plastic, glass, and metal. In 2018, the plastic-type segment accounted for more than 50% of the market share in the global flexible substrates industry due to the low cost connected with the use of flexible plastic substrates technology for the production of low-cost, flexible printed circuit boards, thus allowing enhanced output of consumer electronics. This is anticipated to steer the market for flexible substrates during the forecast period.
Based on application, the consumer electronics segment is expected to dominate the market and grow at a CAGR of around 11% throughout the forecast period
Based on the application, the market has been segmented into consumer electronics, solar energy, automotive, medical & healthcare, and others. The consumer electronics application segment accounts the largest share in the market and are expected to grow at a CAGR of around 11 % during the forecast period. The growth for the consumer electronics application segment is due to the increased adoption of flexible substrates in commercial electronics applications. Moreover, the rising number of solar projects in emerging economies such as India, Brazil, China, etc., to meet the demand for efficient power saving is expected to enhance the growth of the solar energy application of the flexible substrates market across the globe during the forecast period.
Asia-Pacific to dominate the flexible substrates market throughout the forecast period
Asia-Pacific accounted for nearly 43% share of the global flexible substrates market in 2018 and is expected to dominate the market throughout the forecast period. The region is the dominant market in flexible substrates. The region's development in the flexible substrates sector can be ascribed to enhanced manufacturing and demand for solar energy from emerging economies, such as China, India, Mexico and Brazil. North America is anticipated to hold the highest CAGR on the global market during the forecast period. Manufacturers are investing in North American countries to fulfill consumer electronics demand.
Company Profiles and Competitive Intelligence:
The major players operating in the global flexible substrates market are Heraeus Materials Technology GmbH & Co. KG (Germany), American Semiconductor, Inc. (US), BenQ Materials Corporation (Taiwan), Griff Paper and Film (US), Polyonics, Inc. (US), 3M Company (US), E.I. DuPont de Nemours and Company (US), SCHOTT North America, Inc. (US), Porex Corporation (US), and Arlon Graphics LLC (US), among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Flexible Substrates Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Flexible Substrates Market
1.3. Market Dynamics
1.4. Global Flexible Substrates Market, by Segment, 2018
1.4.1. Global Flexible Substrates Market, by Type, 2018, (USD Million)
1.4.2. Global Flexible Substrates Market, by Application, 2018, (USD Million)
1.4.3. Global Flexible Substrates Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Flexible Substrates Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Flexible Substrates Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increasing adoption of flexible displays in consumer electronics
2.2.2. Increase in demand for thin-film solar modules
2.3. Market Restraints
2.3.1. Demand for conventional rigid electronic products
2.3.2. Availability of alternatives
2.4. Market Opportunities
2.4.1. Development of scalable and cost efficient flexible electronic devices
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Flexible Substrates Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Flexible Substrates Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Plastic
3.2.1. Global Flexible Substrates Market, by Plastic, 2016-2026, (USD Million)
3.3. Glass
3.3.1. Global Flexible Substrates Market, by Glass, 2016-2026, (USD Million)
3.4. Metal
3.4.1. Global Flexible Substrates Market, by Metal, 2016-2026, (USD Million)
Chapter 4 Global Flexible Substrates Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Flexible Substrates Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Consumer Electronics
4.2.1. Global Flexible Substrates Market, by Consumer Electronics, 2016-2026, (USD Million)
4.3. Solar Energy
4.3.1. Global Flexible Substrates Market, by Solar Energy, 2016-2026, (USD Million)
4.4. Automotive
4.4.1. Global Flexible Substrates Market, by Automotive, 2016-2026, (USD Million)
4.5. Medical & healthcare
4.5.1. Global Flexible Substrates Market, by Medical & healthcare, 2016-2026, (USD Million)
4.6. Others
4.6.1. Global Flexible Substrates Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Flexible Substrates Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Flexible Substrates Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Flexible Substrates Market
5.3.1. North America Flexible Substrates Market, by Type, 2016-2026 (USD Million)
5.3.2. North America Flexible Substrates Market, by Application, 2016-2026 (USD Million)
5.3.3. United States Flexible Substrates Market, 2016-2026 (USD Million)
5.3.4. Canada Flexible Substrates Market, 2016-2026 (USD Million)
5.4. Europe Flexible Substrates Market
5.4.1. Europe Flexible Substrates Market, by Type, 2016-2026 (USD Million)
5.4.2. Europe Flexible Substrates Market, by Application, 2016-2026 (USD Million)
5.4.3. United Kingdom Flexible Substrates Market, 2016-2026 (USD Million)
5.4.4. Germany Flexible Substrates Market, 2016-2026 (USD Million)
5.4.5. France Flexible Substrates Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Flexible Substrates Market, 2016-2026 (USD Million)
5.5. Asia Pacific Flexible Substrates Market
5.5.1. Asia Pacific Flexible Substrates Market, by Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Flexible Substrates Market, by Application, 2016-2026 (USD Million)
5.5.3. China Flexible Substrates Market, 2016-2026 (USD Million)
5.5.4. Japan Flexible Substrates Market, 2016-2026 (USD Million)
5.5.5. India Flexible Substrates Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Flexible Substrates Market, 2016-2026 (USD Million)
5.6. Latin America Flexible Substrates Market
5.6.1. Latin America Flexible Substrates Market, by Type, 2016-2026 (USD Million)
5.6.2. Latin America Flexible Substrates Market, by Application, 2016-2026 (USD Million)
5.6.3. Brazil Flexible Substrates Market, 2016-2026 (USD Million)
5.6.4. Mexico Flexible Substrates Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Flexible Substrates Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Flexible Substrates Market
5.7.1. Middle East & Africa Flexible Substrates Market, by Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Flexible Substrates Market, by Application, 2016-2026 (USD Million)
5.7.3. GCC Flexible Substrates Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Flexible Substrates Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 7 Company Profiles
7.1. Heraeus Materials Technology GmbH & Co. KG
7.1.1. Heraeus Materials Technology GmbH & Co. KG Overview
7.1.2. Heraeus Materials Technology GmbH & Co. KG Products Portfolio
7.1.3. Heraeus Materials Technology GmbH & Co. KG Financial Overview
7.1.4. Heraeus Materials Technology GmbH & Co. KG News/Recent Developments
7.2. American Semiconductor, Inc.
7.2.1. American Semiconductor, Inc. Overview
7.2.2. American Semiconductor, Inc. Products Portfolio
7.2.3. American Semiconductor, Inc. Financial Overview
7.2.4. American Semiconductor, Inc. News/Recent Developments
7.3. BenQ Materials Corporation
7.3.1. BenQ Materials Corporation Overview
7.3.2. BenQ Materials Corporation Products Portfolio
7.3.3. BenQ Materials Corporation Financial Overview
7.3.4. BenQ Materials Corporation News/Recent Developments
7.4. Griff Paper and Film
7.4.1. Griff Paper and Film Overview
7.4.2. Griff Paper and Film Products Portfolio
7.4.3. Griff Paper and Film Financial Overview
7.4.4. Griff Paper and Film News/Recent Developments
7.5. Polyonics, Inc.
7.5.1. Polyonics, Inc. Overview
7.5.2. Polyonics, Inc. Products Portfolio
7.5.3. Polyonics, Inc. Financial Overview
7.5.4. Polyonics, Inc. News/Recent Developments
7.6. 3M Company
7.6.1. 3M Company Overview
7.6.2. 3M Company Products Portfolio
7.6.3. 3M Company Financial Overview
7.6.4. 3M Company News/Recent Developments
7.7. E.I. DuPont de Nemours and Company
7.7.1. E.I. DuPont de Nemours and Company Overview
7.7.2. E.I. DuPont de Nemours and Company Products Portfolio
7.7.3. E.I. DuPont de Nemours and Company Financial Overview
7.7.4. E.I. DuPont de Nemours and Company News/Recent Developments
7.8. SCHOTT North America, Inc.
7.8.1. SCHOTT North America, Inc. Overview
7.8.2. SCHOTT North America, Inc. Products Portfolio
7.8.3. SCHOTT North America, Inc. Financial Overview
7.8.4. SCHOTT North America, Inc. News/Recent Developments
7.9. Porex Corporation
7.9.1. Porex Corporation Overview
7.9.2. Porex Corporation Products Portfolio
7.9.3. Porex Corporation Financial Overview
7.9.4. Porex Corporation News/Recent Developments
7.10. Arlon Graphics LLC
7.10.1. Arlon Graphics LLC Overview
7.10.2. Arlon Graphics LLC Products Portfolio
7.10.3. Arlon Graphics LLC Financial Overview
7.10.4. Arlon Graphics LLC News/Recent Developments
Chapter 8 Research & Methodology
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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