DUBLIN--(BUSINESS WIRE)--The "Global OLED Materials Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.
Global market of OLED materials is growing at a CAGR of 26.1% for the forecast period 2015-2023
Increasing application of OLED in automotive industry, increase in demand for OLED in smartphone and increasing consumer disposable income are the growth drivers for the market.
For instance, the leading firms in the automotive industry such as Audi, BMW and Mercedes are adopting OLED technology due to high benefits of OLED such as, 3D effects capability, thinner film, transparency and clarity. Further, Audi is launching OLED taillights in its TT RS model and leading automobile companies such as, Mercedes and BMW have also adopted OLED in its premium models. Thus, the increasing adoption of OLED technology in automotive industry by major market players is driving overall growth in demand of OLED materials.
The OLED display market is growing significantly which also contributes to the demand for OLED materials. In 2017, Apple Inc. invested $2.70 billion in LG Display Company to develop OLED panels for Apple. This OLED display manufactured by LG would be deployed in iPhones series display. LG in return for this investment is expected to supply around 45,000 OLED panels per month to Apple in 2019.
Asia pacific is expected to hold dominance in terms of largest revenue and market share for the forecast period 2016-2023 due to presence of giant firms deploying OLED technology such as, LG display, Samsung, BOE and others, which are increasing their investment and product launches in OLED technologies. Whereas, Asia-pacific is expecting to grow at a faster pace for the forecast period 2016-2013 due to increasing market of OLED display in the region because of high demand of consumer electronics.
Application segment in global OLED material market is expected to dominate the market during forecast period 2016-2023 due to high adoption of OLED technology in display segment. In application segment, display segment is expected to account highest growth in terms of revenue due to the increasing adoption OLED technology in smartphone display manufacturing.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
- Aglaia Tech (China)
- Cambridge Display Technology (U.K.)
- Doosan Corporation Electro-Materials (South Korea)
- Dow (U.S.)
- Duksan Hi-Metal (South Korea)
- Dupont (U.S.)
- Everest Scientific (India)
- Hodogaya Chemical Co. Ltd (Japan)
- Idemitsu Kosan (Japan)
- LG Chem (South Korea)
- Merck Kgaa (Germany)
- Nanograde (Switzerland)
- Samsung Sdi Chemicals and Electronic Materials (Korea)
- Sumitomo Chemical Co. Ltd. (Japan)
- Universal Display Corp (U.S.)
For more information about this report visit https://www.researchandmarkets.com/research/rrl7d4/global_oled?w=4