DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n7rq9n/global_oled) has announced the addition of the "Global OLED Material Market 2015-2019" report to their offering.
The analysts forecast the Global OLED Material market to grow at a CAGR of 21.5 percent over the period 2014-2019.
The huge potential of the global OLED material market has led leading vendors such as LG and Samsung to increase their investments in R&D. With the rise in R&D spending, vendors are able to develop a set of technology standards for every end-product. The increase in R&D spending has also led to the development of advanced versions of OLED displays to be used for new applications.
According to the report, OLED technology offers many advantages over the traditional display and lighting technologies. In addition, the use of organic materials in OLEDs enables energy management by consuming less power. OLED technology also enables end-users to develop compact devices that are thin, flexible, and have transparent panels. OLED display panels have an angle view of 180 degrees, making them an ideal choice for various display devices.
Further, the report states that the limited life span of OLED materials is a challenge that hinders the market growth.
This report covers the present scenario and the growth prospects of the Global OLED Material market for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of OLED materials used for OLED displays and OLED lighting.
The OLED materials considered for the market size are:
- Merck KGaA
- Samsung SDI Chemicals and Electronic Materials
- Sumitomo Chemical
- Universal Display
Other Prominent Vendors
- Doosan Corporation Electro-Materials
- Duksan Hi-Metal
- Hodogaya Chemical
- Idemitsu Kosan
- Konica Minolta
- LG Chem
For more information visit http://www.researchandmarkets.com/research/n7rq9n/global_oled