A brief overview of OLED Materials Market is provided in the report based on product scope and market status & outlook. The market is segmented on the basis of type, end-users/application, and geography
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The global OLED materials market was valued at $5,932 million in 2016, and is expected to reach $25,731 million by 2023, registering a CAGR of 26.3% from 2016 to 2023. Organic light-emitting diode (OLED) is a flat light-emitting technology that is produced by employing thin organic films in between two conductors.
OLEDs have gained wide range of acceptance among end users as they are lightweight, brighter, thinner, and provide more power efficiency as compared to LCDs.
Increase in demand for smartphones globally and rise in disposable income of people drive the growth of the global OLED materials market.
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In addition, growth in demand for OLED materials in the automotive sector is projected to present new opportunities for OLED materials manufacturers in the near future. The rapid change in technology and consumer preferences is anticipated to hamper the adoption of OLED materials in the electronics sector.
The report segments the global OLED materials market based on type, application, end user, and geography. The type segment includes substrates, encapsulation, anode, hole injection layer (HIL), hole transport layer (HTL), electron transport layer (ETL), emissive layer (EML), and cathode.
These OLED materials are applicable in television & monitors, smartphones, notebooks & tablets, automotive, and others. Based on end users, the market is classified into residential, commercial, and industrial users.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global OLED materials market till 2023.
Product launch is the key developmental strategy focused on by prominent players in the global OLED materials market to gain significant share.
The key players profiled in the report are as follows:
- Sigma-Aldrich Co. LLC.
- Novaled GmbH
- Merck KGaA
- LG Chem
- TCI America
- Sumitomo Chemical
- Universal Display
- The Dow Chemical Company
- Idemitsu Kosan Co., Ltd.
Check Full Report With TOC at www.researchbeam.com/OLED-materials-market
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