Display Material Market Outlook – 2027
Display material is a surface, which is used in various devices such as mobile devices, media players, digital cameras, and in televisions. Rise in need of displays for various applications, surge in screen size, and innovations in display technologies are the factors expected to drive the display material market growth.
LED displays operate with lower energy compared to other display panels hence, LED screens are preferred for larger screen size. Display panels enable streaming of high-quality images at a lower energy consumption. The global market is experiencing a significant growth, and is expected to grow considerably in next few years.
The global display material market is segmented on the basis of material, application, technology, and region. Based on material, the display material market is divided into substrate, polarizer, color filter, liquid crystals, BLU, emitter & organic layer, and encapsulation. In terms of application, the market is categorized into television, smartphone & tablet, desktop/laptop, signage, automotive, and smart wearables. On the basis of technology, the market is segregated into LCD, OLED, AMOLED, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Top Impacting Factors
Growth of the market is relying on the rise in demand of high-end consumer electronic products, which are mainly into television applications and growing adoption into automotive ecosystem. Factors such as construction and upgrading of display panel manufacturing plants in the Asia-Pacific and increase in average screen size and resolution of television units significantly drive growth of the global market. However, faster drainage of battery and higher consumption of power can act as a major restraint in growth of the market.
Television Application to Acquire the Largest Market Share
Televisions hold the largest share in the LCD market in terms of area production. There is an increased consumption of display materials used in several display panels for the television application.
OLED Display Material Market Anticipated to Grow Rapidly During the Forecast Period
OLED display panel manufacturers with respect to producing thin display panels, requiring less materials or components and the fact that pixels in OLED display act as light as well as color source drive growth of the OLED market.
Key Benefits of the Report
- This study presents the analytical depiction of the global display material market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global display material market share.
- The current market is quantitatively analyzed to highlight the global display material market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global display material market analysis based on competitive intensity and how the competition will take shape in coming years.
COVID-19 Scenario Analysis
- COVID-19 has distorted the global supply chain of major electronic brands hence, affecting key players in the market.
- Due to logistics slowdown and unavailability of workforce across the globe, there has been a halt in production of display material devices.
- Various e-commerce website have stopped the delivery of non-essential items including electronic items, which is affecting display material devices.
- Shut down of various retail shops, showrooms, supermarkets, hypermarkets, enterprises, and campuses affects sales of electronic devices such as display material devices.
Questions Answered in the Display Material Market Research Report
- Who are the leading market players active in the global market?
- What would be the detailed impact of COVID-19 on the display material market size?
- How current display material market trends would influence the industry in the next few years?
- What are the driving factors, restraints, and opportunities in the global market?
- What are the projections for the future that would help in taking further strategic steps?
Display Material Market Report Highlights
Key Market Players
DIC Corporation (Japan), Samsung SDI (South Korea), Nitto Denko (Japan), JSR Corporation (Japan), Corning (US), Idemitsu Kosan (Japan), Asahi Glass (Japan), LG Chem (South Korea), Merck (Germany), DowDuPont (US), Toray (Japan), Hodogaya Chemical (Japan), Sumitomo Chemical (Japan), Universal Display Corporation (US)