OLED Materials Market Structure Understanding Key Players and Their Influence

According to a new report by Allied Market Research titled "OLED Materials Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global OLED materials market was valued at $5,932 million in 2016 and is projected to reach $25,731 million by 2023, registering a CAGR of 26.3% from 2017 to 2023. Asia-Pacific dominated the market in 2016, accounting for over two-thirds of the total market share.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/2961

Market Overview

- OLED materials include substrates, encapsulation layers, cathodes, anodes, hole injection materials (HIL), electron transport materials (ETL), emissive materials (EML), and others such as hole transport layers (HTL) and electron blocking layers (EBL). Among these, the substrates segment held the largest market share in 2016. The growing demand for OLED materials is fueled by changing consumer lifestyles, rising global population, and the increasing adoption of smartphones.

- Leading companies in the OLED materials market are partnering with major service providers and retailers to expand their market reach. The substrates segment is expected to continue its dominance during the forecast period, while the cathode segment is anticipated to gain significant traction.

Key Market Segments

By Application

- Display Segment: Held a substantial market share in 2016 and is expected to maintain its dominance through 2023. The smartphones and television & monitors sub-segments contributed to over three-fifths of the total display segment share in 2016. The growing demand for smartphones, driven by offline sales channels and aggressive marketing campaigns, is expected to further boost market growth.

Key Findings

- The cathode segment is projected to grow at a CAGR of 31.9% during the forecast period.

- The LAMEA region is expected to witness the highest growth, registering a CAGR of 30.8% in terms of value.

- The substrates segment accounted for more than one-fourth of the global market in 2016.

- China and India are projected to occupy approximately three-fourths of the Asia-Pacific OLED materials market by 2023.

- India is forecasted to grow at a CAGR of 25.6% from 2017 to 2023.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/OLED-materials-market/purchase-options

Regional Analysis

- In 2016, Asia-Pacific held the largest market share and is expected to maintain its lead throughout the forecast period. The LAMEA region is poised for significant growth due to the increasing adoption of OLED technology in smartphones and televisions.

Key Market Players

The major players in the OLED materials market include:

- 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 OLED materials market is experiencing rapid expansion due to increasing applications in consumer electronics, particularly in smartphones and televisions. With Asia-Pacific leading the market and LAMEA showing significant growth potential, the industry is poised for dynamic advancements in the coming years.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/OLED-materials-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.