Global Next Generation Display Materials Market to Grow at a (CAGR) of 10.8% during the Forecast Period 2022-2030

Sep-2022 | Semiconductor

As specified in our exclusive report, the global next-generation display materials market is projected to reach USD 430.03 billion by 2030.

What are Next Generation Display Materials?

Next-generation display materials are flat-paneled electronic devices consisting of single or multiple layers of light-emitting organic materials. The technology provides Benefits like higher contrast, resolution, and brightness have made the next-generation display materials industry popular worldwide.

Compared to the existing LCD display, the OLED display can realize a much brighter and clearer screen, it is possible to make a device in a much lighter, thinner, and smaller form than before, and it can be applied to a flexible display as well as a next-generation display material. Advanced Materials develops and supplies various OLED materials such as PSPI, back plate, encapsulant, and back plate protective film to the market.

Technology Benefits:

Moreover, the technology offers benefits like low-power consumption features; superior quality, improving plasma technology, & increasing thermal resistance of next-generation displays are also projected to boost the market through 2030. Rising consumer preferences for new-technology display devices are playing a significant role in driving the demand for the next-generation display materials market.

The COVID-19 pandemic had a major impact on the global next-generation display material market in the initial stage of this pandemic. Initially, with stringent movement restrictions and lockdowns in place across the world, the market faced unprecedented challenges such as supply chain disruptions and labor shortages. Delays in the delivery of pre-made products, and cancellation of projects, among others.

In terms of revenue, Asia-Pacific holds the major share & is anticipated to prevail in the same trend in the coming years. Due to low-cost laborers and the high population across countries like China, India, etc.

Furthermore, North America has captured the second largest share in the next-generation display materials market in recent years, mainly due to the early adoption of technologies in the region, the growing demand for OLED display materials, and the demand for wearable devices for health monitoring.

Some of the key players in next-generation display market are:

Philips, Sony, Universal Display Corporation (UDC), Kyocera, LG, Samsung Electronics, Nova, Apple Inc., Doosan Corporation, DowDuPont Inc., eLux, Inc., Idemitsu Kosan Co., Ltd., JBD Inc., LG Display Co., Ltd., Merck Group, Nanoco Group plc, Nanosys Inc., Novaled GmbH, Optovate Limited, PPG Industries Inc., Plessey Semiconductors.

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