Flexible Substrate Market Evolution, Growth Analysis, Share, Demand by Regions Outlook to 2023

Printed electronics technologies which are used to design electrical devices on various substrates, is a key driver for the growth of flexible substrate market. The increasing demand of OLEDs (Organic Light Emitting Diodes) which are made up of carbon-based organic materials and emits light on applying electricity, are boosting the growth of the flexible substrate market.
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On the basis of type, the flexible substrate market is categorized into metal, glass, and plastic. Plastic flexible substrate is further categorized into pet, polyimide, and others. Among all the types, plastic type accounted for largest contribution in the market. Moreover, this segment is also expected to exhibit highest CAGR over the forecast period which is largely driven by rising demand low-cost substrate solutions in order to bring down the overall cost of electronic products.
Major opportunities identified in the flexible substrate market is the growing demand for product from fast growing developing regions. Countries such as China, India, and Brazil are among the fastest growing market for the consumer electronics. Moreover, these countries have also set out ambitious renewable power capacity addition targets particularly in solar power.
Furthermore, a large number of APAC nations are strengthening their aerospace and defense industries in order to gain global strategic and political gains. All the above-mentioned industries are the key end use industries in the flexible substrate market which require this substance during their production process.

Flexible substrate market is highly dependent the demand for these substrates for producing electronic products. Owing to the fast growing adoption rate of new and advanced electronic products, the flexible substrate market is also expected to witness significant boost in the North American region.
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Some of the major players operating in the global flexible substrate market are Dupont Teijin Films, Kolon Industries Inc., Polyonics Inc., American Semiconductor Inc., Corning Incorporated, Heraeus Group, I-Components Co. Ltd., Nippon Electric Glass Co. Ltd., SCHOTT AG, and 3M.
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