The global next-generation display materials market is expected to reach a market size of USD 380.03 Billion in 2028 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. Rising demand for OLED displays, increasing disposable income among consumers, advancements in technology, and change in lifestyle are some key factors supporting market growth. Next-generation displays eliminate some major drawbacks of LCD technology. OLED is a leading technology as compared to IPS-LCD technology, and is used in almost all modern display products and devices.
OLED displays consist of one layer of substrate, encapsulation technology, polarizer, electrode, emitter, and organic layer components. Glass and plastic are two major components used as substrate. Emitter and organic layers are made of organic plastic molecules that help transport electrons from cathode to produce light. Polyfluorene is the most commonly used material in organic layers of LED display technology. Constant advancements in OLED and LCD technologies have led manufacturers to apply Quantum Dot Light-Emitting Diode (QLED) technology in modern displays. However, rising awareness about the toxic nature of cadmium used in quantum dot is resulting in shifting focus among manufacturers to more environment-friendly quantum dot technologies.
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Global Next-Generation Display Materials Market Report – Segmental Analysis:
The global Next-Generation Display Materials business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Next-Generation Display Materials business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
For the purpose of this report, Emergen Research has segmented the global next-generation display materials market based on technology type, material, application, and region as follows:
Technology Type Outlook (Revenue: USD Billion; 2020–2028)
- OLED
- IPS-LCD
- Others
Material Outlook (Revenue: USD Billion; 2020–2028)
- Substrate
- Polarizer
- Color Filter
- Liquid Crystals
- Backlighting Unit
- Emitter and Organic Layer
- Encapsulation
Application Outlook (Revenue: USD Billion; 2020–2028)
- Smartphones
- Televisions and Monitors
- Smart watches
- Automotive Displays
- Laptops and Tablets
- Others
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Academic and Research InstitutesKey Geographies Profiled in the Report:
- North America(the U.S., Mexico, and Canada)
- Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
- Europe(the U.K., France, Germany, and Rest of Europe)
- Latin America(Brazil and Rest of Latin America)
- Middle East & Africa(GCC Countries and Rest of Middle East & Africa)
Competitive Outlook:
This section of the report performs a thorough investigation into the intensely competitive landscape of the global Next-Generation Display Materials market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant. The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions. The key industry participants include:
- Idemitsu Kosan Co.Ltd.
- Toray Industries Inc
- Samsung SDI Co.
- Universal Display Corp.
- Novaled GmbH
- Nanosys Inc.
- Nanoco Group PLC
- Doosan Corporation
- Quantum Materials Corp.
- PPG Industries Inc.
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Key Objectives of the Global Next-Generation Display Materials Market Report:
- In January 2021, Samsung Display Company launched a new low-power OLED display for Galaxy S21 Ultra smartphones. This OLED display will help to reduce power consumption by up to 16%.
- The OLED segment in the global next-generation display materials market is expected to register a robust CAGR during forecast period. OLED technology is used in almost all advanced display devices and panels.
- The market in Europe accounted for a double-digit revenue share in the global market in 2020. Key factors such as growing focus on display materials, and support for research and development by governments are key factors expected to continue to support growth of the market in the region.
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The report, additionally, presents a comprehensive analysis of the key elements of the Next-Generation Display Materials market that influence its growth over the projected timeline. These vital elements include the key drivers, constraints, opportunities, limitations, threats, and micro and macro-economic factors. The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis, to offer strategic recommendations to the new entrants on how to overcome the entry-level barriers.
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