The global next-generation display materials market is expected to reach a market size of USD 380.03 billion in 2028 and register a stable CAGR during the
VANCOUVER, BC, CANADA, Sept. 15, 2022 /EINPresswire.com/ — The global next-generation display materials market is expected to reach a market size of USD 380.03 billion in 2028 and register a stable CAGR during the forecast period, according to latest analysis by Emergen Research. Growing demand for OLED displays, rising disposable income of consumers, technological advancement and changing lifestyle are some of the key factors supporting the growth of the market. Next-generation displays eliminate some major drawbacks of LCD technology. OLED is an advanced technology compared to IPS-LCD technology and is used in almost all modern display products and devices.
OLED displays consist of a substrate layer, encapsulation technology, polarizer, electrode, emitter, and organic layer components. Glass and plastic are two major components used as the substrate. The emitter and organic layers are made up of organic plastic molecules that help transport electrons from the cathode to produce light. Polyfluorene is the most common material used in the organic layers of LED display technology. Steady advancements in OLED and LCD technologies have led manufacturers to apply quantum dot light-emitting diode (QLED) technology in modern displays. However, growing awareness of the toxic nature of cadmium used in quantum dots is causing manufacturers to shift their focus towards more environmentally friendly quantum dot technologies.
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Some highlights of the report
In January 2021, Samsung Display Company launched a new low-power OLED display for Galaxy S21 Ultra smartphones. This OLED screen will help reduce energy consumption by up to 16%.
The OLED segment of the global next-generation display materials market is expected to register a robust CAGR during the forecast period. OLED technology is used in almost all advanced devices and display panels.
The market in Europe accounted for a double-digit revenue share in the global market in 2020. Key factors such as increasing focus on display materials and government support for research and development are key drivers which are expected to continue to support market growth in the region.
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
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. and PPG Industries, Inc.
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The report studies the types and applications of the Global Next Generation Display Materials Market. The report categorizes the next generation display materials industry into different types covering different products provided in the next generation display materials market. Each type is briefly described in the report, including why it is used, major sources, production costs, and the treatment involved. Based on the various applications of the products and services in the market, the Next Generation Display Materials market is categorized into the following non-exhaustive list of products. Application segment is expected to witness rapid growth shortly due to its unique features and solutions, other crucial information about the types and applications are given in the report.
For the purposes of this report, Emergen Research has segmented the global next-generation display materials market on the basis of technology type, material, application, and region as follows:
Technology Type Outlook (Revenue: USD Billion; 2020-2028)
Material Outlook (Revenue: USD Billion; 2020-2028)
Emitter and organic layer
Application Outlook (Revenue: USD Billion; 2020-2028)
Televisions and monitors
Laptops and tablets
Regional Outlook (Revenue: USD Million; 2020-2028)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
Large companies looking for new revenue streams will find this research very helpful in understanding the market and its underlying dynamics. It will be useful for businesses looking to diversify into new markets or expand the scope of their current operations.
How will this report help you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphs. Anyone in need of in-depth business assessments for the global Next Generation Display Materials market, as well as a comprehensive analysis of market segments, can benefit from our new study. You can assess the entire regional and global Next Generation Display Materials market with the help of our recent study. To increase your market share, get a financial analysis of the whole market and its different segments. We believe there are significant prospects in this industry for expanding energy storage technology. Take a look at how you can utilize the current and potential revenue generation prospects in this industry. Research will also help you make better strategic decisions, allowing you to develop strategies for growth, strengthen competitor analysis, and increase business productivity.
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What questions should you ask before buying a market research report?
• How is the market for next-generation display media evolving?
• What is driving and restraining the Next Generation Display Materials market?
• How will each Next Generation Display Materials submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?
• How will the market shares of each Next Generation Display Materials submarket grow from 2021 to 2028?
• What will be the main driver of the global market from 2021 to 2028?
• Will the major markets for next-generation display materials broadly follow macroeconomic dynamics, or will individual national markets outperform the others?
• How will the market shares of national markets evolve by 2028 and which geographical region will lead the market in 2028?
• Who are the major players and what is their outlook over the forecast period?
Thank you for reading our report. Customization of the report is available as per customers’ requirements. If you have any additional questions about the report, contact us. Our team will ensure that your report is tailored to your needs.
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