GlobeNewswire

Global Flexible Substrate Market Size To Worth USD 2520.19 Million By 2033 | CAGR Of 14.50%

SPHERICAL INSIGHTS LLP
7 min read
SPHERICAL INSIGHTS LLP
SPHERICAL INSIGHTS LLP

The Global Flexible Substrate Market Size was Valued at USD 650.62 Million in 2023 and the Worldwide Flexible Substrate Market Size is Expected to Reach USD 2520.19 Million by 2033, according to a research report published by Spherical Insights & Consulting. Companies Covered: Ube Industries, Ltd, DuPont, 3M Company, Panasonic Corporation, Schott, Fuentek Kolon LLC, Dow, Jiangsu SuCushi Technology Co, Nippon Electric Glass Co, DuPont Teijin Films, BenQ Materials Corporation, Sheldahl Corporation, Polyonics and other key vendors.

New York, United States , July 15, 2024 (GLOBE NEWSWIRE) -- The Global Flexible Substrate Market Size is to Grow from USD 650.62 Million in 2023 to USD 2520.19 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 14.50% during the projected period.


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Flexible substrate is the most prominent place where flexible electronic technology is different from traditional electronic technology, and it is a key component of flexible electronic devices. Flexible substrates provide the same strength, cost, and insulating characteristics as traditional rigid substrates. In addition to shared features, flexible substrates have unique properties of their own. For flexible electrical devices to be used, the flexible substrate needs to have all of the characteristics at the same time such as lightness, transparency, flexibility, stretchability, insulation, and corrosion resistance. Tiny printed circuit boards (PCBs), which transmit signals between control prompts and screens and are used in many electronics and computing devices, usually use flexible substrates. Owing to its flexibility and resilience, the material finds application in small devices and rigorous work environments that frequently involve vibration and elevated temperatures. Furthermore, due to several advantages, such as dependability, affordability, and performance, the market for flexible substrates a vital component of flexible displays is anticipated to grow considerably. Due to the entry of the flexible electronics industry, it is projected that the market will rise substantially over the next few years. Furthermore, devices are intended for obtaining high-resolution images and scaling large regions in the display sector. Electronic innovations that provide a form factor that is flexible enough to allow the use of durable, lightweight, and adaptable applications without compromising device performance can positively impact market demand. However, better temperature-resistant substrates are more expensive to produce, which limits the applications they can be utilized for and inhibits the growth of the global flexible substrate market.

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