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OLED Materials Market Growth Opportunities and Trends For Leading Manufacturers - Bayer, DowDuPont, Idemitsu Kosan Co., Ltd, LG Chem, Merck KGaA, Darmstadt, Germany, Novaled, Sumitomo Chemical, Universal Display Corporation & Heraeus
Press release from: P&S Intelligence
Increase in demand for smartphones, increasing demand of OLED from the automotive industry, and rise in disposable income are some of the major factors driving the growth of the OLED materials market. The end user segment is further categorized into residential, commercial, and industrial sectors. The residential category has been recording the largest share in the OLED materials market, due to growth in residential projects, resulting in increased demand of these materials.
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On the basis of type, the market is segmented into cathode, emissive layer (EML), electron transport layer (ETL), hole injection layer (HIL), anode, encapsulation, substrates, and others. Substrates have been the largest category in the OLED materials market, attributed to the easy availability of this material.
Based on application, the OLED materials market is categorized into display and lighting. The display category is estimated to hold a larger share in the market, contributing more than 90.0% in 2017. This is attributed to the increased manufacturing of smartphone and television displays.
With the rise in demand for smartphones, televisions, monitors, and gaming consoles, the OLED materials market is expected to advance at considerable rate. There has been a demand for high realistic images from the consumers which can be met with the help of OLED displays.
Globally, Asia-Pacific has been the largest OLED materials market, with more than 35.0% contribution in 2017. The region is a major manufacturing hub for display panels and brand products. Companies like Samsung, LG, Japan Display, and others have a strong presence in many countries of the region.
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Some of the major players operating in the OLED materials industry are Bayer AG, DowDuPont Inc., Idemitsu Kosan Co. Ltd., LG Chem, Merck KGaA, Novaled GmbH, Sumitomo Chemical Company Limited, TCI America, Universal Display Corporation, and Heraeus Holding GmbH.
OLED materials market Segmentation
Television & Monitors
Notebooks & Tablets
By End User
Rest of APAC
Rest of Europe
Latin America Middle East and Africa (LAMEA)
Rest of LAMEA
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This release was published on openPR.
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