Report Ocean has released a research study titled “ Display Material Market 2023 Forecast to 2031 Analysis by Market Trends.” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.
Display Material Market is valued approximately USD 31.77 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.1% over the forecast period 2021-2027.
The display includes a screen, computer output surface, liquid crystal display, projection surface that shows the text, light-emitting diode (LED), graphic images by the usage of a cathode ray tube, or any other technologies. The display materials are majorly used in devices like media players, smartphones, televisions, and digital cameras. The major component of the display is backlight, glass, ICs, film, and further flexible organic material that is used to create displays in the manufacturing of displays.
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The rising penetration of the display materials in various applications, increasing demand for LED or OLED display technology for video walls, televisions, and digital signage applications, and the increasing average size of the screen and better resolution of the televisions are accelerating the market demand across the globe. For instance, according to Statista, in India television industry was accounted for nearly INR 685 billion (USD 9.2 billion) in 2020 and projected to rise with a 7% growth rate and reach approximately INR 847 billion (USD 11.4 billion) by 2023. Thereby, the rising demand for the television is propelling the need for display materials, which, in turn, mat boost the market growth. However, high prices of new and advanced materials impede the growth of the market over the forecast period of 2021-2027. Also, the high growth of OLED and quantum dot LCD displays is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Display Material market study includes Asia Pacific, North America, Europe, Latin America and the Rest of the World. Asia-Pacific is the leading region across the world in terms of market share owing to the region the presence of large industries and high production of the OLED panel. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as constant technological developments, an increasing number of display panel manufacturing plants, growing investments for the R&D activities by the leading players, and availability of the cheap workforce and raw materials would create lucrative growth prospects for the Display Material market across the Asia-Pacific region.
Major market player included in this report are:
Samsung SDI
LG Chem
Idemitsu Kosan
Nitto Denko
Hodogaya Chemical
Asahi Glass
Corning
Merck
Universal Display Material Corporation
Sumitomo Chemical
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology
LCD
OLED
By Panel Type
Rigid
Flexible
By Component and Material
Polarizer
Substrate
Color Filter Layer
Liquid Crystals
Backlighting Unit (BLU)
Other LCD Materials
By Application
Television
Smartphone & Tablet
Laptop
Desktop
Signage/Large Format Display Material
Automotive
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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