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OLED Materials Market Size, Share, Forecast, Growth, Trends, and Analysis | Valuates Reports
OLED Materials - Market SizeThe global market for OLED Materials was estimated to be worth US$ 1704.7 million in 2023 and is forecast to a readjusted size of US$ 2007.8 million by 2030 with a CAGR of 2.4% during the forecast period 2024-2030
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Market Trends
The OLED Materials Market is witnessing robust expansion, propelled by the growing demand for high-performance display technologies across smartphones, televisions, automotive panels, and wearables. With OLED technology offering advantages such as flexibility, better contrast, thinner form factors, and energy efficiency, manufacturers are increasingly integrating these materials into next-gen electronics. As a result, the global market size for OLED materials is expected to grow steadily, driven by mass production and increasing consumer adoption.
In terms of market share, the Asia-Pacific region leads the OLED materials market, mainly due to the strong presence of display panel manufacturers in South Korea, China, and Japan. These countries are home to major players investing heavily in R&D and infrastructure to scale OLED production. North America and Europe are also showing a positive growth trajectory, supported by rising demand in premium electronics and automotive displays.
The overall market growth is fueled by increasing investments in OLED technology, the rise of foldable and rollable devices, and advancements in material science. According to recent market analysis, the OLED materials industry is expected to achieve strong revenue growth during the forecast period, as both display and lighting applications expand. Furthermore, the market forecast indicates increasing adoption in sectors such as healthcare and industrial devices, ensuring sustained demand for innovative OLED materials.
Segment by Type:
• PMOLED
• AMOLED
Segment by Application
• TV
• Mobile Device
• Others
By Company
Idemitsu Kosan, Universal Display Corporation, Merck, DuPont, DS Neolux, Sumitomo Chemical, LG Chem, Samsung SDI, Asahi Glass, Hodogaya Chemical, JSR Corporation, JNC, Doosan, Toray Industries, Inox Advanced Materials
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