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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The major restraint identified in the flexible substrate market is the high manufacturing cost as well as high raw material cost of certain substrates. The high production cost of substrates exhibiting higher temperature resistance is quite high which limit the scope of their applications, thus restricting the growth prospects of the flexible substrate market.
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. The fast-growing end use industries for is expected to offer ample growth opportunities in the APAC region.
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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