Flexible Substrates Market by Application, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

The Global Flexible Substrates Market is valued to reach USD 788.2 Million by 2023, growing at CAGR of 14.2% during forecast period 2020–2026. Key factors augmenting the market growth include emerging field of printed electronics technologies, adoption of thin-film solar modules, rise in the demand for OLEDs and growing need for miniaturization of devices and microelectronics.

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Printing technologies remain effective and compatible with polymeric materials that result in a new generation of polymeric applications. Flexible polymers are a class of materials that are employed for a wide range of applications such as solar cells, transistors, sensors and actuators. As electronics industry across the world is adopting miniaturized circuits the market is doling out complex products. Hence, manufacturers are now emphasizing on miniaturization of circuits as a semiconductor trend in order to develop smart solutions.

For instance, stamped circuit boards technology by Heraeus is mainly designed for small circuits. It enables the structuring and laminating of metal-plastic arrangement within a highly efficient bulk production for electronic parts. Flexible substrates are used in many parts of electronic applications such RFID technology, digital boards and biometric passports. This approach offers a large advantage as compared with other technologies that use substrates. Heraeus is now moving ahead with producing single layered metal substrates to multi-layered substrates. Herein, the structured metal layers are combined with plastic layers. Identical to circuit boards the layer structure can include glass fiber reinforced epoxy and copper.

On the commercial front, the use of flexible substrates is bound to decrease the weight of flat panel displays or bend into any shape. In addition, it also results in high possibility of fabricating displays by use of continuous roll processing, thereby resulting in keeping the cost production under control. Glass is a widely used substrate for LEDs since it is transparent, and offers a good resistance. However, it is brittle and only sustains tiny stains thus limiting its application in flexible OLEDs. In another instance, metal foil exhibits excellent properties to prevent any substance from permeating. As light cannot pass through foil, LED devices with glass substrates tend to be more emitting.