세계 플렉시블 유리 시장 : 점유율 분석, 산업 동향, 성장 예측(2024년-2029년)

The Flexible Glass Market size is estimated at USD 1.8 billion in 2024, and is expected to reach USD 2.48 billion by 2029, growing at a CAGR of 6.62% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the flexible glass market. However, the market recovered significantly in 2021, owing to rising consumption from various applications such as producing lightweight, thin, robust, and portable electronics.

Key Highlights

• Increasing demand for flexible glass from electrical and electronics and consumer goods industries and lower cost of raw materials is expected to drive the market during the forecast period.
• High production complexity, environmental concerns, and health issues due to silica fumes will likely hinder market growth over the medium term.
• Increasing usage of flexible glass in solar panels, automotive, and defense sectors is expected to provide wide opportunities for manufacturers.
• Asia-Pacific represents the largest market and is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Flexible Glass Market Trends

Increasing Demand for Solar Panels

• Glass is used owing to its advantages, such as low cost, less weight, heat, water resistance, scratch-resistant, etc. Some major end-user industries include electrical and electronics, automotive, Opto-electronics, etc.
• Manufacturing of solar panels is the second-largest application segment for flexible glass. The demand from thriving economies like Japan and China is much higher than that from developed countries like the United States and France.
• Growing demand for lightweight and scratch-free materials in the solar energy industry to provide increased design flexibility and ultra-slim glass is primarily responsible for the growth of the flexible glass market.
• In addition, one of the boosting factors for these solar panels is the increasing investment in a renewable energy source to reduce carbon emissions worldwide.
• In addition to USD 6.5 billion for loans for rural power, the 2023 budget of the US Department of Agriculture (USDA) allocated USD 300 million to help rural electricity providers switch to renewable energy sources.
• In December 2022, the California Public Utilities Commission approved new net metering regulations that will go into effect in April 2023 and eventually reimburse exported solar energy at prices approximately 75% less than retail. In contrast to the prior idea, there are no set fees and a transitional period.
• According to National Renewable Energy Laboratory (NREL), 16 states generated more than 5% of their electricity from solar, with California leading the way at 27.3%. The United States also installed 17.0 gigawatts of alternating current (GWac) (20.2 GWdc) of PV (photovoltaic) in 2022, ending the year with 110.1 GWac (140.6 GWdc) of cumulative PV installations.
• The French government will invest EUR 1 billion (~USD 1.13 billion) in initiatives to advance renewable energy as part of the France 2030 National Investment Plan. The ultimate goal is to install ten times as much renewable energy by 2050, or up to 100 GW. 40 GW of total installed capacity will come from offshore wind projects.
• All the factors above are anticipated to increase the demand for flexible glass through the forecast period.

Asia-Pacific to Dominate the Market

• Asia-Pacific is expected to dominate the flexible glass market during the forecast period due to the increasing demand for solar panels and voltaic cell manufacturing in countries such as China, South Korea, and Japan.
• The world will almost completely rely on China to supply key building blocks for solar panel production through 2025.
• According to information released by the National Energy Administration of China in late January, China installed 87 gigawatts (GW) in 2022, up 59% year over year (y/y).
• According to National Renewable Energy Laboratory (NREL), China installed 87 GW of solar in 2022, a 59% increase from the previous year. Furthermore, PV installations in India increased by 51% during the first nine months of 2022
• In India, a "Development of Solar Parks and Ultra Mega Solar Power Projects" plan is being implemented with a goal capacity of 40 GW by March 2024 to support big-scale grid-connected solar power projects. Solar projects capacity of 832 MW will be commissioned in various Solar Parks from January to October 2022.
• Japan substantially increased its electricity production from renewable energy sources in recent years, making it one of the top nations in installed renewable energy capacity. The Japanese government raised its objective for the proportion of renewable energy to 38% by 2030 under the new Strategic Energy Plan. Additionally, by 2050, the nation wants to be completely carbon neutral.
• Therefore, the abovementioned factors and government support contribute to the increasing demand for the flexible glass market in Asia-Pacific during the forecast period.

Flexible Glass Industry Overview

The flexible glass market is consolidated in nature. The major players (not in any particular order) include Saint-Gobain, AGC Inc., Corning Incorporated, LG DISPLAY CO., LTD., and Nippon Electric Glass Co. Ltd, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Deliverables
• 1.2 Study Assumptions
• 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Drivers
  • 4.1.1 Increasing Demand From Electrical and Electronics and Consumer Goods Industries
  • 4.1.2 Lower Cost of Raw Material
  • 4.1.3 Other Drivers
• 4.2 Restraints
  • 4.2.1 High Production Complexity
  • 4.2.2 Environmental Concerns and Health Issues due to Silica Fumes
  • 4.2.3 Other Restraints
• 4.3 Value Chain / Supply Chain Analysis
• 4.4 Porter's Five Forces Analysis
  • 4.4.1 Bargaining Power of Suppliers
  • 4.4.2 Bargaining Power of Consumers
  • 4.4.3 Threat of New Entrants
  • 4.4.4 Threat of Substitute Products and Services
  • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Value)

• 5.1 Application
  • 5.1.1 Display
  • 5.1.2 Solar Panel
  • 5.1.3 Photovoltaic Cell
  • 5.1.4 Other Applications
• 5.2 End-user Industry
  • 5.2.1 Electrical and Electronics
  • 5.2.2 Automotive
  • 5.2.3 Medical
  • 5.2.4 Wearable Devices
  • 5.2.5 Other End-user Industries
• 5.3 Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle East & Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Colaborations and Agreements
• 6.2 Market Share Analysis (%)**/Ranking Analysis
• 6.3 Strategies Adopted by Leading Players
• 6.4 Company Profiles
  • 6.4.1 Abrisa Technologies
  • 6.4.2 AGC Inc.
  • 6.4.3 Corning Incorporated
  • 6.4.4 DuPont
  • 6.4.5 Kent Displays, Inc.
  • 6.4.6 KYOCERA Corporation
  • 6.4.7 LG DISPLAY CO., LTD
  • 6.4.8 Murata Manufacturing Co., Ltd
  • 6.4.9 Nippon Electric Glass Co. Ltd
  • 6.4.10 Saint-Gobain
  • 6.4.11 SCHOTT AG
  • 6.4.12 UNIVERSAL DISPLAY

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Increasing Usage in Solar panels, Automotive, and Defense Sector
• 7.2 Other Opportunities