Display Materials Market - Trends Forecast Till 2028

Market Overview

The global display materials market is anticipated to reach USD 30.7 billion in 2021 growing at a CAGR of 3.5% during the forecasting period, 2021-2028. Increasing demand for OLED Display Technology in various applications, construction of new display panel manufacturing plants in APAC are some of the factors that have supported long-term expansion for the display materials industry. 

Key Findings

Global display materials market is segmented into technology, component & material, panel type, application, and geography. 

Technology segment is segmented into LCD and OLED

Component & Material segment is segmented into Substrate, Polarizer, Color Filter, Liquid Crystals, BLU, Emitter & Organic Layer, and Encapsulation

Panel Type segment is segmented into Rigid, and Flexible

Application segment is segmented into Smartphone and Television

Geographically, the global display materials market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Regional Analysis

Asia-Pacific region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.

Competitive Landscape

Key players in the global display materials market are Samsung SDI, LG Chem, Sumitomo Chemical, Corning, Nitto Denko, Universal Display Corporation, Merck, Asahi Glass, Idemitsu Kosan, DowDuPont, Toray, DIC Corporation, Hodogaya Chemical, and JSR Corporation 

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

• In 2018, Sumitomo Chemical Company invested ¥5 billion in JOLED Inc. (JOLED), by way of acquiring some of JOLED’s new shares issued through third-party allocation. 

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

Report Scope