Display Materia Market Outlook: Complete Industry Analysis (2024 to 2031
The "Display Materia Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Display Materia market is expected to grow annually by 4.3% (CAGR 2024 - 2031).
This entire report is of 149 pages.
Display Materia Introduction and its Market Analysis
The Display Materials market research report provides insights into the current market conditions of various companies such as CORNING, MERCK, LG CHEM, SAMSUNG SDI, UNIVERSAL DISPLAY CORPORATION, Asahi Glass, Idemitsu Kosan Co., Ltd., DOWDUPONT, TORAY INDUSTRIES, DIC, NITTO DENKO, JSR CORPORATION, NISSAN CHEMICAL, DUKSAN NEOLUX, DOOSAN, JNC CORPORATION, CYNORA, and LUMINESCENCE TECHNOLOGY. Major factors driving revenue growth in the Display Materials market include technological advancements, increasing demand for OLED displays, and the growing adoption of flexible displays. The report also provides recommendations for companies looking to expand their market presence and capitalize on emerging opportunities.
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The Display Materials market is booming with the increasing demand for LCD and OLED technologies in various applications such as TV, smartphones, cars, computers, and other displays. The market is segmented based on the type of display materials such as LCD and OLED, which offer high-quality visual experiences for consumers.
Regulatory and legal factors play a crucial role in the Display Materials market. Manufacturers need to comply with stringent regulations regarding the disposal of materials and energy consumption. Additionally, patent laws and intellectual property rights become essential in this competitive market to protect innovations and prevent infringement.
As technology advances, the Display Materials market is expected to witness significant growth with the introduction of new applications and advancements in display technologies. Companies need to stay abreast of regulatory changes and legal factors to ensure compliance and maintain a competitive edge in the market. Overall, the Display Materials market is poised for continued growth and innovation in the coming years.
Top Featured Companies Dominating the Global Display Materia Market
The display material market is highly competitive with key players such as Corning, Merck, LG Chem, Samsung SDI, Universal Display Corporation, Asahi Glass, Idemitsu Kosan Co., Ltd., DowDuPont, Toray Industries, DIC, Nitto Denko, JSR Corporation, Nissan Chemical, Duksan Neolux, Doosan, JNC Corporation, Cynora, and Luminescence Technology. These companies offer a wide range of display materials such as glass substrates, organic light-emitting diodes (OLEDs), and polymers.
Corning is a leading supplier of glass substrates for displays, while Merck and LG Chem are known for their OLED materials. Samsung SDI and Universal Display Corporation are key players in the OLED display market. Asahi Glass, Nitto Denko, and Toray Industries are prominent suppliers of specialty chemicals for displays.
These companies contribute to the growth of the display material market by continually investing in research and development to improve the performance and efficiency of display technologies. They also engage in strategic partnerships and acquisitions to expand their product portfolio and reach new markets.
In terms of sales revenue, in 2020, Corning reported a total revenue of $ billion, Merck reported revenue of €17.5 billion, LG Chem reported revenue of 29.68 trillion KRW, Samsung SDI reported revenue of 7.81 trillion KRW, and Universal Display Corporation reported revenue of $553 million.
Overall, the display material market is driven by technological advancements in display technologies, such as OLEDs, and the increasing demand for high-quality and energy-efficient displays in various applications such as smartphones, TVs, and automotive displays. The key players mentioned above play a crucial role in meeting this demand and advancing the display material market.
- CORNING
- MERCK
- LG CHEM
- SAMSUNG SDI
- UNIVERSAL DISPLAY CORPORATION
- Asahi Glass
- Idemitsu Kosan Co., Ltd.
- DOWDUPONT
- TORAY INDUSTRIES
- DIC
- NITTO DENKO
- JSR CORPORATION
- NISSAN CHEMICAL
- DUKSAN NEOLUX
- DOOSAN
- JNC CORPORATION
- CYNORA
- LUMINESCENCE TECHNOLOGY
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Display Materia Market Analysis, by Type:
- LCD
- OLED
LCD (Liquid Crystal Display) and OLED (Organic Light Emitting Diode) are two types of display materials that are commonly used in electronic devices. LCDs use liquid crystals to modulate light and require a backlight, while OLEDs emit light themselves making for better contrast and thinner displays. These technologies have revolutionized the display market by offering sharper image quality, improved energy efficiency, and a wider color range. The demand for these materials continues to increase as manufacturers strive to produce better quality displays for smartphones, televisions, and other electronic devices, thus boosting the overall display material market.
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Display Materia Market Analysis, by Application:
- TV
- Smart Phone
- The Car
- Display
- Computer
- Other
Display materials such as OLED, LCD, and LED are used in various applications including TVs, smartphones, cars, computers, and other electronic devices. In TVs and smartphones, display materials are used to create vibrant and high-quality screens for viewing videos and images. In cars, these materials are used for navigation systems and entertainment displays. In computers, they are used for monitors and laptops. The fastest growing application segment in terms of revenue is the smartphone industry, as demand for high-quality displays continues to increase with advancements in technology and consumer preferences towards larger screens with better resolution.
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Display Materia Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The display materials market is expected to show significant growth in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. North America and Europe are expected to dominate the market with a market share of around 30-35% each, due to the high demand for advanced display technologies in countries like the United States, Germany, and France. Asia-Pacific is also projected to have a substantial market share, with countries like China, Japan, and South Korea driving growth in the region. Latin America and Middle East & Africa are expected to witness steady growth in the display materials market as well.
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