Press release
Global Advanced Materials for Displays Market to Witness Huge Growth by 2022 | Leading Key Players: Samsung SDI, LG Chem, Sumitomo Chemical, Corning, Nitto Denko, Merck, Asahi glass, Idemitsu Kosan, Dow DuPont, Toray, DIC Corporation, and JSR Corporation.
The LCD screen has had a greater participation in the display market hardware market based on screen technology in 2016. The display market has seen a rapid increase in the adoption of OLED panels in smartphones and smart wearable devices in the last 3 years. Television applications represented the largest portion of the LCD market in 2016. The demand for televisions has been decreasing year after year (y-y) since 2015, however, the average size of the panels increases by a few centimeters per year.
Global Advanced Materials for Displays Market Size:
The Global Advanced Materials for Displays Market should reach USD 68.4 billion in 2017 and USD 128.0 billion by 2022 with a compound annual growth rate (CAGR) of 13.3% over the five-year period from 2017 to 2022.
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Drivers and Restraints:
The market is driven by the large-scale adoption of LCD and OLED billboards. LCD is the main screen technology that is used in almost all visualization applications, while OLED technology is currently emerging rapidly for various applications such as smart phones, smart wearable devices and television. Market growth should be driven by televisions. Led by LG, the market for OLED-based display screens for television applications is expected to grow exponentially in terms of unit shipments. The construction and upgrade of the APAC poster manufacturing plants is a significant boost for the display materials market. The increase in the average screen size and the resolution of television units, and the increase in the adoption of OLED screen technology in various applications can stimulate the market.
Geographical segmentation:
Advanced Materials for the Global Sample Market evaluates the market by key regions such as North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Russia, Spain, etc.), South America (Brazil, Argentina, etc.), Asia Pacific (China, India, Japan, Southeast Asia, etc.), and Middle East and Africa (Saudi Arabia, South Africa, etc.).
Samsung SDI (Korea), LG Chem (South Korea), Sumitomo Chemical (Japan), Corning (United States), Nitto Denko (Japan), Universal Display Corporation (USA), Merck (Germany), Asahi glass ( Japan), Idemitsu Kosan (Japan), DowDuPont (United States), Toray (Japan), DIC Corporation (Japan), Hodogaya chemistry (Japan) and JSR Corporation (Japan) are the main players in the market and have adopted various strategies such as product launches and developments, partnerships, collaborations, business extensions and mergers to maintain the global market for advanced screen materials.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the aspects influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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