Display Materials Market - Escalating Demand for High-Quality Screens: Technology, Component & Material, Panel Type, Application, Geography, Competitive Landscape

Delvens has published a new research report titled "Display Materials Market, Technology (LCD, OLED), Component & Material (Substrate, Polarizer, Color Filter, Liquid Crystals, BLU, Emitter & Organic Layer, Encapsulation), Panel Type (Rigid, Flexible), Application (Smartphone, Television), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)" in its research database. The Global Display Materials Market size was estimated to be 33.77 billion USD in 2022. Display Materials market is projected to reach 44.45 billion USD by 2030 with a CAGR of 3.1% in the forecast period of 2023-2030.

The Global Display Materials Market includes players such as Samsung SDI, LG Chem, Sumitomo Chemical, Corning, Nitto Denko, Universal Display Corporation, Merck, Asahi Glass, Idemitsu Kosan, DowDuPont, Toray, DIC Corporation, Hodogaya Chemical, JSR Corporation.

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Some of the recent developments in the Global Display Materials Market are:

In April 2021, Samsung was delighted to join forces with Corning, QD Display, OLED, and flexible displays as a partner in significant material innovation projects.

A long-term agreement for a new OLED technology license and material purchase agreements was signed on April 4, 2021, by Universal Display Corporation, a world leader in designing and manufacturing cutting-edge display panels, and LG Display Co., Ltd., whose Universal PHOLED technology and materials enable energy-efficient lighting and displays.

The need for displays in a variety of devices, including smartphones, tablets, televisions, and laptops, is fuelling the market for display materials, which is expanding quickly. Display materials are the components used to create display panels, including organic light-emitting diodes (OLEDs), liquid crystal displays (LCDs), and others. These components are essential in establishing the effectiveness and caliber of the display.

Several important factors, such as the following, drive the market for display materials:

Escalating Demand for high-quality screens: The demand for display materials is rising as people seek higher-quality displays in their electronic devices. These components are crucial in deciding how well and how long screens will last.

OLED display adoption: Compared to conventional liquid crystal displays (LCDs), organic light-emitting diode (OLED) screens provide superior color accuracy, broader viewing angles, and higher contrast ratios. The need for OLED display materials is being driven by the increasing use of OLED displays in smartphones, televisions, and other electronic devices.

Demand for flexible displays: Flexible displays are in greater demand as they can be twisted or curved to match a variety of form factors. Examples of these applications include wearable technology, foldable smartphones, and automobile displays. The need for materials that can be used to manufacture flexible screens is being driven by this.

Display Materials Market Segments

The Global Display Materials Market is segmented based on Technology, Components, and Applications.

Based on technology, the market is split into OLED and LCD sectors. The LCD category controls a sizeable piece of the market since OLED panels are increasingly being used in smartphones and smart wearables. More layers, materials, or components are needed to create an LCD panel. The market for display materials is expanding faster as a result of LCDs using additional components that OLED displays do not require, such as a color filter layer, liquid crystal, and a backlight unit. Unlike OLED, which only uses one layer of each plate, LCDs utilize two layers of substrates and polarizers.

According to the component, the market is segmented into polarizers, substrates, color filter layers, liquid crystals, backlighting units, and other items. The Polarizer category continues to hold a substantial market share as a result of rising efforts made by industry leaders in improving these materials for increased energy efficiency and prolonged lifespan. These factors are fueling the expansion of the market for display materials.

The market is segmented by application into television, mobile devices such as smartphones and tablets, large-format displays for signage, and smart wearables. The television sector controls a sizeable percentage of the market as a result of the increased consumption of display materials used in LCD panels for TVs.

Major and Growing Geographies

The substantial market share is held by the Asia Pacific region, the media and entertainment industries' rapid growth and expansion, as well as the region's abundant supply of raw materials, all of which are contributing factors to the global display material market's rapid expansion.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors

Gain authentic and granular data access for the display materials market so as to understand the trends and the factors involved in changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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