OLED Materials Market: The Future Impact Of The Propellants And Restraints On The Market

CITY, Country, 2019-Jul-23 — /EPR Network/ —Globally, Asia-Pacific has been the largest OLED materials market, with more than 35.0% contribution in 2017. The region is a major manufacturing hub for display panels and brand products. Companies like Samsung, LG, Japan Display, and others have a strong presence in many countries of the region. The region has seen an increase in the production of smartphones due to their growing demand; thus, resulting in the growth of the market in the region.

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The end user segment is further categorized into residential, commercial, and industrial sectors. The residential category has been recording the largest share in the OLED materials market, due to growth in residential projects, resulting in increased demand of these materials.

Rise in population can be seen as another factor propelling the growth of the OLED materials market in Asia-Pacific. With the rise in population, there has been an increase in residential projects, which demand these materials for lighting and other displays. Moreover, increase in disposable income is also leading to greater use of these materials. For example, China has seen growth in its disposable income which has led to greater consumption of electronic products like laptops, tables, and mobile phones in recent years.

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Based on application, the OLED materials market is categorized into display and lighting. The display category is estimated to hold a larger share in the market, contributing more than 90.0% in 2017. This is attributed to the increased manufacturing of smartphone and television displays. The display application is further categorized into television and monitors, smartphones, notebooks and tablets, and automotive.

With the rise in demand for smartphones, televisions, monitors, and gaming consoles, the OLED materials market is expected to advance at considerable rate. There has been a demand for high realistic images from the consumers which can be met with the help of OLED displays. Also, technological advancements in electrodes are ongoing, such as in grapheme, carbon nanotubes, silver nanowires, and hybrid transparent electrodes. Thus, these factors are providing an opportunity for the growth of the market.

Some of the major players operating in the OLED materials industry are Bayer AG, DowDuPont Inc., Idemitsu Kosan Co. Ltd., LG Chem, Merck KGaA, Novaled GmbH, Sumitomo Chemical Company Limited, TCI America, Universal Display Corporation, and Heraeus Holding GmbH.