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2023

Display Dielectric Material Market

Display Dielectric Material Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Semiconductors

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Author's: Siddharth Pagariya | Surya Sanka
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Display Dielectric Material Market Statistics, 2032

The global display dielectric material market was valued at $53.3 billion in 2022, and is projected to reach $113.1 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032. 

A display dielectric material is utilized in LEDs, LCDs, OLEDs, etc. Typical display dielectric materials include mica, glass, paper, ceramics, etc. As a result of these materials' high dielectric constants, they can store large amounts of electrical energy per unit of volume. These materials act as an insulator and can store electrical energy in an electric field. Dielectric materials are generally used to separate the various layers of the display from each other and to provide a uniform electric field. This helps to improve the efficiency of the display and enhance the quality of the image produced.

Display Dielectric Material Market

Silicon nitride and silicon dioxide are the dielectric materials that are most often utilized in LCDs. These substances act as insulating layers between the liquid crystals and thin-film transistors (TFTs). Moreover, the qualities of these materials help in preserving electrical insulation between various components and avoid current leakage.

In the OLEDs, organic dielectric materials are used. These substances are made up of organic molecules with special electrical attributes. They serve as a layer between the organic light-emitting layers and the electrodes. The efficient injection and transmission of charges, which is necessary for OLED pixels to produce light, is made possible by the use of organic dielectric materials.

The market for display dielectric materials is majorly influenced by the increasing demand for LEDs, LCDs, and OLEDs in various applications. The rising use of LCD, OLED, and LED displays is attributed to their capability to offer optimum performance, durability, as well as energy efficiency as compared to traditional display technologies, thus, making them a perfect choice for a broad range of applications in various sectors. The need for display dielectric materials is rising along with the popularity of electronic displays. The effectiveness and performance of displays are enhanced by the use of dielectric materials. Additionally, the demand for display dielectric materials is also augmented by the rising demand for sophisticated displays in the automotive industry. The performance and longevity of displays used in automotive applications are improved by the use of these materials.

The production of display dielectric materials is expensive, increasing the overall price of display insulator. Due to this, it is challenging for manufacturers to offer affordable displays that can compete on the market. Moreover, high-performance display dielectric materials can be costly and challenging to source. Comprehensive research, specialized manufacturing procedures, and stringent quality control procedures are a must for the development and manufacture of advanced dielectric materials with exceptional qualities. This can restrict the availability of such materials, which can affect the production of displays. All these factors, are anticipated to hamper the display dielectric material market growth.

Smartphones, laptops, and tablets are likely to become popular, creating several display dielectric material market opportunity. Because of consumer demand for high-quality displays with improved resolution and color accuracy, new display technologies, like OLED, have been developed. Moreover, the display industry is evolving at a rapid pace, and new technologies and materials are being developed to enhance the quality and functionality of displays.

Segment Overview

The Display Dielectric Materials Market is segmented on the basis of technology, application, and region. By technology, the market is sub-segmented into LCD, LED, OLED, TFT-LCD, and others. By application, the market is classified into transparent, conventional, 3D, and flexible display. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By technology, the LED sub-segment dominated the market in 2022. Dielectric materials are essential to the functionality and durability of LEDs. They are a crucial part in the manufacturing of high-quality LEDs due to their insulating, reflecting, and protecting qualities. There has been a growing demand for LED displays on account of technological advancements, the rising need for digital signage and advertising, the demand for high-resolution displays, and the rising popularity of curved displays. The higher image quality of LEDs is a primary factor behind the rise in their popularity. High-resolution displays with vivid colors, superb contrast, and wide viewing angles are made attainable by LED technology. LED displays are used in numerous applications because of these qualities. This, in turn, also increased the demand for display dielectric materials.

Display Dielectric Material Market by Technology

By application, the conventional sub-segment dominated the global display dielectric materials market share in 2022. There is a significant demand for conventional displays such as LCD and TFT displays as compared to advanced displays due to their less cost, high-quality images, compatibility, and longer lifespan. The color filter layers in conventional displays use dielectric materials. The red, green, and blue (RGB) subpixels that are produced by the color filter layer combine to produce the desired colors on the screen. To eliminate crosstalk between the subpixels and ensure accurate color reproduction, dielectric materials are utilized as protective and insulating layers in this color filter stack. In addition, dielectric materials are used in conventional displays for protection from environmental elements including moisture, and dust. In addition, the display's sturdiness and reliability are improved by a dielectric coating. Due to these factors, the demand for dielectric materials is significant for conventional displays.

Display Dielectric Material Market by Application

By region, Asia-Pacific dominated the global display dielectric material market share in 2022 and is projected to be the fastest-growing sub-segment during the forecast period owing to the presence of the major display manufacturers in countries such as China, Japan, and South Korea in this region. The demand for dielectric materials in the Asia-Pacific increased in line with the rising demand for displays. The Asia-Pacific region is the largest market worldwide for laptops and smartphones. The region's dominance in the market for these electronic gadgets is a result of factors such as large population, rapid urbanization, and increasing disposable income.

Additionally, with rising internet connectivity, smartphone penetration has increased significantly in countries such as Indonesia, India, and Vietnam. Moreover, there has been a tremendous rise in demand for laptops across numerous industries in this region due to the shift to remote work, online education, and increased digital content consumption. The region has experienced significant laptop sales, especially in countries such as Japan, China, South Korea, and India. Dielectric materials are utilized in the manufacturing of displays for these devices, and the increasing demand for these devices augments the demand for dielectric materials in this region.

Display Dielectric Material Market by Region

Impact of COVID-19 on the Global Industry

  • The COVID-19 pandemic has had a significant impact on the display dielectric material market size. During the outbreak, worldwide supply chains were severely hampered, resulting in delays and a lack of raw materials.

  • The manufacturing and delivery of display dielectric materials have been impacted by the supply chain disruption, which has caused a delay in the display industry.

  • However, the shift towards remote work and online education accelerated the demand of smartphones, laptops, and tablets. This in turn, augmented the demand for dielectric materials for display production.

Competitive Analysis 

The key players profiled in this display dielectric material market forecast report include Corning Incorporated, Merck KGaA, DuPont, SAMSUNG SDI CO.,LTD., Nippon Chemical Industrial CO., LTD., SAKAI CHEMICAL INDUSTRY CO.,LTD., LG Chem, DONGJIN SEMICHEM CO LTD., Nitto Denko Corporation, and ENF Technology.

Key Benefits for Stakeholders

  • This display dielectric material industry report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the display dielectric material market analysis from 2022 to 2032 to identify the prevailing display dielectric material market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the display dielectric material market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global display dielectric material market trends, key players, market segments, application areas, and market growth strategies.

Display Dielectric Material Market Report Highlights

Aspects Details
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Market Size By 2032

USD 113.1 billion

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Growth Rate

CAGR of 7.8%

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Forecast period

2022 - 2032

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Report Pages

290

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By Technology
  • LCD
  • LED
  • OLED
  • TFT-LCD
  • Others
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By Application
  • Transparent
  • Conventional
  • 3D
  • Flexible Display
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, United Arab Emirates, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

DuPont, Nippon Chemical Industrial CO., LTD., DONGJIN SEMICHEM CO LTD., Corning Incorporated, Nitto Denko Corporation, SAKAI CHEMICAL INDUSTRY CO.,LTD., ENF Technology, Merck KGaA, SAMSUNG SDI CO.,LTD., LG Chem

Author Name(s) : Siddharth Pagariya | Surya Sanka
Frequently Asked Questions?

The growing demand for LEDs, LCDs, and OLEDs is one of the major growth factors of the display dielectric materials market. As businesses adopt remote work models, the need for laptops is increasing significantly. Display dielectric materials are crucial for the excellent performance of electronic devices such as laptops and tablets. The growing shift towards remote work and online education is estimated to generate excellent opportunities in the display dielectric materials.

The major growth strategies adopted by display dielectric materials market players are investment and agreement.

The major growth strategies adopted by display dielectric materials market players are investment and agreement.

Corning Incorporated, Merck KGaA, DuPont, SAMSUNG SDI CO., LTD., Nippon Chemical Industrial CO., LTD., SAKAI CHEMICAL INDUSTRY CO., LTD., LG Chem, DONGJIN SEMICHEM CO LTD., Nitto Denko Corporation, and ENF Technology are the major players in the display dielectric materials market.

OLED sub-segment of the technology acquired the maximum share of the global display dielectric materials market in 2022.

Display industries are the major customers in the global display dielectric materials market.

The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global Display Dielectric Materials market from 2022 to 2032 to determine the prevailing opportunities.

The demand for display dielectric materials that can enable excellent image quality is anticipated to boost the display dielectric materials market in the upcoming years.

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Display Dielectric Material Market

Global Opportunity Analysis and Industry Forecast, 2023-2032