OLED Materials Market provides analysis and comprehensive data by Leading Key Players: Sigma-Aldrich Co. LLC., DuPont, Novaled GmbH, Merck KGaA, LG Chem, TCI America, Sumitomo Chemical, Universal Display and other

The OLED Materials Market is expected to reach $ 25.713 billion by 2023, with a CAGR of 26.3% from 2017 through 2023. Asia-Pacific has dominated the global market, which accounts for more than two-thirds of the market share in 2016.

OLED materials include substrates, encapsulations, cathodes, anodes, hole injecting materials (HIL), electron transporting materials (ETL), emitting materials (EML) and others (HTL and EBL). Substrate accounts for a large portion of the global OLED material market in 2016. Demand for OLED materials is driven by people's lifestyle changes and population growth. In addition, it is expected that market growth will be accelerated in the near future due to the surge in demand for smartphones. Leading companies in the global OLED materials market have worked with key service providers and retailers to expand their PR efforts.

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In 2016, Asia-Pacific accounted for the highest share, and is expected to continue its dominance during the forecast period. The LAMEA OLED materials market is anticipated to grow at a significant CAGR due to growth in adoption of OLED in smartphones and televisions.

The key players profiled in the report are
• Sigma-Aldrich Co. LLC.
• DuPont
• Novaled GmbH
• Merck KGaA
• LG Chem
• TCI America
• Sumitomo Chemical
• Universal Display
• The Dow Chemical Company
• Idemitsu Kosan Co. Ltd.

The substrates segment is expected to dominate the global market during the forecast period. However, the cathode segment is anticipated to gain traction in the near future. In 2016, the cathode and substrates segments collectively accounted for more than one-third share of the global OLED materials market.

The display segment accounted for a significant share in 2016, and is anticipated to maintain its dominance during the forecast period. The smartphones and television & monitors sub-segments contributed to over three-fifth share in the display segment in 2016. This is attributed to the increase in demand for smartphones worldwide. Rise in offline sales channels and aggressive advertising campaigns by the key players in the smartphones industry are expected to augment its demand further.

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Key Findings of the Oled Materials Market:
• In terms of value, the cathode segment is expected to grow at a CAGR of 31.9% during the forecast period.
• LAMEA is anticipated to witness the highest growth, registering a CAGR of 30.8% in terms of value.
• The substrates segment accounted for more than one-fourth share of the global market in 2016.
• China and India are expected to occupy approximately three-fourths share of the total Asia-Pacific OLED materials market by 2023.
• India is expected to grow at a CAGR of 25.6%, in terms of value, from 2017 to 2023.

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