DUBLIN--(BUSINESS WIRE)--The "Flexible Substrates Market by Type (Plastic, Glass, Metal), Application (Consumer Electronics, Solar Energy, Medical & Healthcare, Aerospace & Defense) and Region (APAC, Europe, North America, South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The flexible substrates market is projected to grow from USD 402.9 million in 2018 to USD 775.8 million by 2023, at a CAGR of 14% from 2018 to 2023.
The growth of the flexible substrates market can be attributed to the flourishing electronics industry across the globe. Flexible substrates are widely used in the consumer electronics industry for flexible printed circuit boards. Some of the benefits provided by the substrates that are boosting their demand globally in electronics are greater barrier resistance, increased flexibility, and greater thermal resistance. The market restraint for flexible substrates market are the established conventional rigid electronic markets whose manufacturing processes are better defined to achieve higher throughput, and which do not use flexible substrates.
The fastest-growing application of flexible substrates is the solar energy application. Government initiatives in emerging economies such as China and India are driving the solar energy application of the flexible substrate market. In addition, corporations such as IBM and Google are taking concerted steps to move toward renewable energy, which is resulting in a rise in the demand for solar modules, thereby driving the flexible substrates market.
The Asia Pacific flexible substrates market is projected to grow at the highest CAGR during the forecast period. China, Vietnam, and India are the key markets for flexible substrates in the Asia Pacific region. The growth of the flexible substrates market in the Asia Pacific region can be attributed to the increased government spending and private sector investments being made to carry out infrastructural development projects in the region. This, in turn, leads to an increased demand for the flexible substrates market in the region.
- Kolon Industries
- American Semiconductor
- I-Components Co., Ltd
- Nippon Electric Glass
- Doosan Electronics
- Ferrania Technologies
- Mistubishi Chemical
- Taimide Tech
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Flexible Substrates Market, By Type
7 Flexible Substrates Market, By Application
8 Flexible Substrates Market, By Region
9 Competitive Landscape
10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5dxr9d/global_flexible?w=4