Display Material Market to Grow at 3.1% CAGR and Projected to Reach US$ 34.60 Billion by 2023

Download Brochure of Display Material Market spread across 176 Pages, Profiling 14 Companies and Supported with 63 Tables and 72 Figures is now available at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1306743 .

Key Insights of Display Material Market to 2023 Top Company Profile, Future Trends and Analysis report added on ReportsnReports.com. The display material market was valued at USD 28.87 billion in 2017 and is expected to reach USD 34.60 billion by 2023, at a CAGR of 3.1% between 2017 and 2023.

Key Target Audience:
• Display material and component suppliers
• Brand manufacturers/original equipment manufacturers (OEMs)
• Display panel manufacturers
• System integrators
• Display technology developers
• Consulting and market research service providers
• Display and material-related associations, organizations, forums, and alliances
• Government bodies such as regulatory authorities and policymakers
• Venture capitalists and start-ups
• Research institutes and educational institutes
• Manufacturing equipment providers

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The major players profiled in the display material market report are Samsung SDI (South Korea), LG Chem (South Korea), Sumitomo Chemical (Japan), Corning (US), Nitto Denko (Japan), Universal Display Corporation (US), Merck (Germany), Asahi Glass (Japan), Idemitsu Kosan (Japan), DowDuPont (US), Toray (Japan), DIC Corporation (Japan), Hodogaya Chemical (Japan), and JSR Corporation (Japan).

Construction and upgrade of display panel manufacturing plants in APAC, increasing average screen size and resolution of television units, and increased adoption of OLED display technology in various applications significantly drive the market growth.

High growth of OLED and quantum dot LCDs as well as emerging technologies such as micro-LED and true quantum dot are expected to provide good growth opportunities for display material providers in the future. Exclusivity and IP protection of advanced technologies is preventing entry of new players in the market for these advanced technologies, thus slightly hindering the growth of the display material market.

“The emitter and organic layer materials to dominate the OLED display material market during the forecast period”
Emitter and organic layer materials held the largest share of the OLED display material market in 2016. Emitter and organic layer include various sub-layers such as emitting layer (emissive material) (EML) (RGB), hole transport layer (HTL) and hole injection layer (HIL), and electron transport layer (ETL) and electron injection layer (EIL). The industry leaders have increased their investments to improve these materials and to subsequently obtain improved energy-efficiency and increased lifetime. The market for substrates is expected to grow at the highest CAGR during the forecast period. There is a continuous demand for high-quality and thin substrate sheets from OLED display panel manufacturers. Flexible displays are manufactured on plastic substrates, whereas glass substrates are used to produce rigid OLEDs.

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“The display material market in China is expected to grow at the highest CAGR during the forecast period”
The demand for display materials from China is expected to increase rapidly during the forecast period as various Chinese players such as BOE, CSOT, Tianma, and Truly are constructing several LCD and OLED plants. A large number of operations related to LCD displays are being shifted to Mainland China owing to the favorable government policies and lower costs associated with logistics operations concerning the delivery of end products in the display panel market. South Korea accounted for the largest share of display material market in 2016 owing to the presence of industry leaders such as Samsung and LG.

In the process of determining and verifying the market sizes for several segments and sub segments, gathered through secondary research, extensive primary interviews have been conducted with key industry experts. The break-up of the profile of primary participants is given below:
• By Company Type: Tier 1 – 55%, Tier 2 –25%, and Tier 3 – 20%
• By Designation: C-Level Executives – 10%, Directors – 40%, and Others – 50%
• By Region: North America – 25%, Europe – 20%, APAC – 55%

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This release was published on openPR.