Flexible Substrates Market - Forecast(2024 - 2030)

Report Code: CMR 45993 Report Format: PDF + Excel

Flexible Substrates Market Overview

Flexible Substrates Market size is forecast to reach US$1.2 billion by 2026, after growing at a CAGR of 14.8% during 2021-2026. Flexible substrates are a thin heat resistant material made up of polymers like polyimides and polyethylene terephthalate (PET). The flexibility and durability of the material has made the use of the flexible substrate in the industrial and medical sectors for making smaller devices and for the intense working environments. Multi-layered boards with microchips, interfaces, and integrated electronic circuits are made with flexible substrates in printed electronics. Another significant distinction between PCBs created with flexible substrates and those made with rigid substrates is the small number of components required. With only a little amount of surface space, these devices can operate at high density. The growth in the market is due to the increase in the usage of flexible substrates in various sectors like, electrical and electronics, medical, automotive, aerospace, industrial and others.

COVID-19 Impact

The COVID-19 pandemic has had an immediate impact on the world economy and that impact goes across all industries. The coronavirus outbreak has already resulted in some of the greatest drops in demand in recent memory. A vast number of Flexible Substrates companies were affected by the COVID-19 pandemic in a variety of ways, and they are now focusing on long-term growth. Because the worldwide Flexible Substrates and other chemicals sectors are so important to a country's economic recovery, Flexible Substrates companies are expected to see possibilities in the near future.

Report Coverage

The report: “Flexible Substrates Market - Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Flexible Substrates Industry.

By Type: Metal, Glass and Plastic (Polyimides and Polyethylene Terephthalate (PET)).
By End Use: Automotive, Electrical & Electronics, Medical & Healthcare, Aerospace and Defense, Energy & Power, Industrial and Others.
By Geography: North America (U.S, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and RoW (Middle East and Africa).

Key Takeaways

  • North America dominates the Flexible Substrates Market owing to a rapid increase in electrical & electronics and medical & healthcare sector.
  • The market drivers and restraints have been assessed to understand their impact over the forecast period.
  • The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
  • The other key areas of focus include the various applications and end use industry in Flexible Substrates Market and their specific segmented revenue.

Figure: Flexible Substrates Market Revenue, 2020-2026 (US$ Billion)

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Flexible Substrates Market Segment Analysis - By Type

Plastic segment held the largest share of 54% in the Flexible Substrates Market in 2020. The Plastic segment consists of polymers like polyimides and polyethylene terephthalate which are highly used because of their lightweight, unbreakable material, and lower cost. And because of lower weight it is highly used in the electrical and electronics devices. The product made has a high degree of dimensional stability after exposer to extreme temperatures up to 300 degree Celsius and has a high resistance to chemicals.

Flexible Substrates Market Segment Analysis - By End Use Industry 

Electrical & Electronics industry held the largest share in the Flexible Substrates Market in 2020 at a CAGR of 15.2% during the forecast period. The rise in the electrical & electronics industry is due to the manufacturing of new type of computing and electronics devices. The new developments are due to the flexible substrate boards which are used in the variable smart devices. The flexible substrates PCB’s are used because of thin lightweight devices like cameras, smartphones, smart watches, video recorders, tablets, and other wearable smart devices. The flexible substrates are growing with the increase in the development of LED lightings because of growing popularity for energy efficiency and energy saving. Also, the growing power electronics industry which combines the copper layer with the flexible substrates for large facility device with a higher volume of power and stress-resistance durability. Furthermore, R&D in flexible substrate will support the growth of the Flexible Substrates Market.

Flexible Substrates Market Segment Analysis - By Geography

North America dominated the Flexible Substrates Market in the year 2020 with a market share of 40%. North America is dominating the flexible substrates market due to an increase in the technological advancements in the consumer electronics industry. People are getting more technologically advanced and using different electronics which are making their life easier. Also, the regions like Europe and Asia Pacific are also leading to the growth in the industry. The growth in the Asia Pacific region is due to the increasing manufacturing unit and cheap labor cost. Currently, the Flexible Substrates industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In turn, has affected the demand and supply chain as well which has been restricting the growth in year 2020.

Flexible Substrates Market Drivers

Rise in Demand for Flexible Substrates in Different Sectors

Automation has led to the increase in demand for flexible substrate in various industries for different purposes. Flexible substrates are used in industries like electrical & electronics, medical, power, and other industrial applications. The use of flexible substrates is done to make flexible PCB’s which can be adjusted in any design form and it is lower in cost and light weight. Also, the growing demand for organic flexible printed circuits board is driving the market.

Flexible Substrates Market Challenges

Fluctuation in Raw Material Prices

The daily changing price of raw material tends to hamper the growth of the market. The rising production cost due to the different properties of substrates and higher temperature resistance leads to an increase in the cost. The different restricted properties lead to the restriction in the use of substrates in varied applications.

Flexible Substrates Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Flexible Substrates Market. Major players in the Flexible Substrates Market include:

  1. Nippon Electric Glass
  2. Schott
  3. Kolon Industries
  4. American Semiconductor
  5. 3M
  6. Teijin
  7. Corning
  8. Heraeus
  9. Polyonics and Others.

Acquisitions/Technology Launches/ Product Launches

  • In May 2019, Corning introduced a new glass substrate named Corning Astra Glass which is optimized for mid to large size display in tablets, notebooks, and televisions in SID’s Display week 2019. Astra Glass is specially engineered to enable highest pixel density of high-performance display.

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Printed And Flexible Electronics Market – Forecast (2021 - 2026)
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Flexible Pipe Market – Forecast (2021 - 2026)
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1. Flexible Substrates Market- Market Overview
    1.1 Definitions and Scope
2. Flexible Substrates Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. Flexible Substrates Market- Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Major Companies
        3.1.2 Product Benchmarking- Major Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Major Companies
        3.1.5 Pricing Analysis (ASPs will be provided)
4. Flexible Substrates Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product Portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Flexible Substrates Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful venture profiles
    5.4 Customer Analysis - Major companies
6. Flexible Substrates Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Flexible Substrates Market -Strategic analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Flexible Substrates Market– By Type (Market Size -$Million)
    8.1 Metal
    8.2 Glass
    8.3 Plastic
        8.3.1 Polyimide
        8.3.2 Polyethylene Terephthalate (PET)
9. Flexible Substrates Market– By End-Use Industry (Market Size -$Million)
    9.1 Automotive
    9.2 Electrical & Electronics
    9.3 Medical & Healthcare
    9.4 Aerospace & Defense
    9.5 Energy & Power
    9.6 Industrial
    9.7 Others
10. Flexible Substrates Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia Pacific (APAC)
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of Asia Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of World (RoW)
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Rest of Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Flexible Substrates Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Flexible Substrates Market - Industry/Segment Competition Landscape Premium
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category - Major companies
    12.6 Company Benchmarking Matrix - Major companies
13. Flexible Substrates Market- Key Company List by Country Premium Premium 
14. Flexible Substrates Market Company Analysis- Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Flexible Substrates Market By Type Market 2023-2030 ($M)
1.1 Metal Market 2023-2030 ($M) - Global Industry Research
1.2 Plastic Market 2023-2030 ($M) - Global Industry Research
1.2.1 Pet Market 2023-2030 ($M)
1.2.2 Polyimide Market 2023-2030 ($M)
1.3 Glass Market 2023-2030 ($M) - Global Industry Research
2.Global Flexible Substrates Market By Type Market 2023-2030 (Volume/Units)
2.1 Metal Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Plastic Market 2023-2030 (Volume/Units) - Global Industry Research
2.2.1 Pet Market 2023-2030 (Volume/Units)
2.2.2 Polyimide Market 2023-2030 (Volume/Units)
2.3 Glass Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Flexible Substrates Market By Type Market 2023-2030 ($M)
3.1 Metal Market 2023-2030 ($M) - Regional Industry Research
3.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
3.2.1 Pet Market 2023-2030 ($M)
3.2.2 Polyimide Market 2023-2030 ($M)
3.3 Glass Market 2023-2030 ($M) - Regional Industry Research
4.South America Flexible Substrates Market By Type Market 2023-2030 ($M)
4.1 Metal Market 2023-2030 ($M) - Regional Industry Research
4.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
4.2.1 Pet Market 2023-2030 ($M)
4.2.2 Polyimide Market 2023-2030 ($M)
4.3 Glass Market 2023-2030 ($M) - Regional Industry Research
5.Europe Flexible Substrates Market By Type Market 2023-2030 ($M)
5.1 Metal Market 2023-2030 ($M) - Regional Industry Research
5.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Pet Market 2023-2030 ($M)
5.2.2 Polyimide Market 2023-2030 ($M)
5.3 Glass Market 2023-2030 ($M) - Regional Industry Research
6.APAC Flexible Substrates Market By Type Market 2023-2030 ($M)
6.1 Metal Market 2023-2030 ($M) - Regional Industry Research
6.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Pet Market 2023-2030 ($M)
6.2.2 Polyimide Market 2023-2030 ($M)
6.3 Glass Market 2023-2030 ($M) - Regional Industry Research
7.MENA Flexible Substrates Market By Type Market 2023-2030 ($M)
7.1 Metal Market 2023-2030 ($M) - Regional Industry Research
7.2 Plastic Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Pet Market 2023-2030 ($M)
7.2.2 Polyimide Market 2023-2030 ($M)
7.3 Glass Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Flexible Substrates Market Revenue, 2023-2030 ($M)
2.Canada Flexible Substrates Market Revenue, 2023-2030 ($M)
3.Mexico Flexible Substrates Market Revenue, 2023-2030 ($M)
4.Brazil Flexible Substrates Market Revenue, 2023-2030 ($M)
5.Argentina Flexible Substrates Market Revenue, 2023-2030 ($M)
6.Peru Flexible Substrates Market Revenue, 2023-2030 ($M)
7.Colombia Flexible Substrates Market Revenue, 2023-2030 ($M)
8.Chile Flexible Substrates Market Revenue, 2023-2030 ($M)
9.Rest of South America Flexible Substrates Market Revenue, 2023-2030 ($M)
10.UK Flexible Substrates Market Revenue, 2023-2030 ($M)
11.Germany Flexible Substrates Market Revenue, 2023-2030 ($M)
12.France Flexible Substrates Market Revenue, 2023-2030 ($M)
13.Italy Flexible Substrates Market Revenue, 2023-2030 ($M)
14.Spain Flexible Substrates Market Revenue, 2023-2030 ($M)
15.Rest of Europe Flexible Substrates Market Revenue, 2023-2030 ($M)
16.China Flexible Substrates Market Revenue, 2023-2030 ($M)
17.India Flexible Substrates Market Revenue, 2023-2030 ($M)
18.Japan Flexible Substrates Market Revenue, 2023-2030 ($M)
19.South Korea Flexible Substrates Market Revenue, 2023-2030 ($M)
20.South Africa Flexible Substrates Market Revenue, 2023-2030 ($M)
21.North America Flexible Substrates By Application
22.South America Flexible Substrates By Application
23.Europe Flexible Substrates By Application
24.APAC Flexible Substrates By Application
25.MENA Flexible Substrates By Application
26.Dupont Teijin, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Teijin, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Kolon Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Polyonics, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.American Semiconductor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Corning, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Heraeus, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Nippon Electric Glass, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Schott, Sales /Revenue, 2015-2018 ($Mn/$Bn)