Dielectric Materials Market: Growing Popularity of The Global Consumer Electronics Market

Dielectric material is a substance through which little or no electricity can pass. These materials do not have free electrons; therefore, unlike metals, they cannot conduct electricity. Dielectric material provides a unique offering that can affect other electrical phenomena. The force amid two electrical charges in a dielectric is not as much as that of a vacuum. However, the amount of energy stored in an electric field of a dielectric medium is greater than the energy generated in vacuum. For example, capacitance will be higher for a capacitor with a dielectric material as a medium. Dielectric materials are extensively used for manufacturing displays of electronics products.

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The major drivers for the growth of this market is the growing popularity of the global consumer electronics market such as display products including laptops, TVs, tablets, and smartphones. Furthermore, technological development in the materials with which the aforementioned products are made, is undergoing a sea change. New types of displays such as flexible displays, foldable displays, and rollable displays are likely to fuel the global dielectric materials market.

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Some factors such as rise in raw material cost and shortage of skilled labor will affect the overall dielectric market adversely. However, changing consumer preference from simple displays to technologically advanced ones, coupled with increasing household expense on consumer electronics will present a plethora of opportunities for the global dielectric material market.

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The dielectric materials market may be segmented on the basis of material type, application, technology, and geography. According to material type, the market is divided into metal oxides, PEN/PET, Metal Foils, A-Silicon, and others. On the basis of technology, the market can be segregated into LED, OLED, LED-LCD, TFT-LCD, Plasma, DLP, LCoS, and e paper. The LED market held the largest market share among the technology types. Widespread use of LEDs in most electronics devices such as smartphones, laptops, and TVs, is responsible for the domination of this segment.

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