Global Advanced Materials Displays Market Share Likely to Reach At a CAGR of 3.7% By 2033

According to Custom Market Insights (CMI), the Global Advanced Materials Displays Market size was estimated at USD 148.2 Billion in 2021 and is expected to hit around USD 180.1 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.

The term “advanced material for displays” refers to the materials utilized in display technologies, including LCD and OLED. Different sorts of panel display devices are created using cutting-edge materials. The materials are essential to improving performance and exhibit lower manufacturing costs for the majority of products.

The use of sophisticated display products has many benefits. The advantages include cost-effectiveness and lightweight property, as compared to other displays. The use of advanced materials implies a 60% weight reduction in the glass. Another benefit of using advanced materials for displays is the reduction in production costs, indoor air pollution, and positive environmental impact.

Browse the full “Advanced Materials for Displays Market Size, Trends and Insights By Type (TN panel, VA panel, IPS panel), By Application (Laptop & LCD display, Television, Others), By Technology (LED, OLED, Micro-LED, LCD, Direct-view LCD, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/advanced-materials-for-displays-market/

Advanced Material for Display Market Dynamics

Drivers

The increased usage of OLED displays in smartphones fuels the market growth for advanced materials for display market

The market for innovative materials used in OLED and other displays has grown significantly as a result of the widespread usage of omitting light displays in mobile screen applications. These displays offer a flexible display among other promising qualities, which is what propels the market expansion.

The increase in demand for the 4K and 8K visuals for display drives the market growth for advanced materials for display market

The rise in the market for advanced materials for display is fueled by the development in technical advancements, which has increased demand for higher quality screen displays, such as the 4k and 8k displays.

Rapid technological development propels the market growth

The expansion of the advanced materials for display market in various regions is driven by the development of new technology and the rise in demand for superior displays across different regions.

The increase in popularity of smart wearable devices fuels the market growth

The majority of people prefer a changing lifestyle that emphasizes healthy living, and smart devices play a significant role in this. The lightweight technology and intelligent, energy-efficient displays used in smart gadgets are expected to drive the market for advanced display materials during the coming years.

Restraints 

The rapid increment in the new display technologies along with the frequent technological advancements including the quantum dot screens and transparent displays can hamper the market growth for advanced materials. Along with that, the slow growth of display technologies including desktop PCs, notebooks, and tablets is likely to hamper the market growth during the forecast period.

Opportunities

The emergence of new technological advancements in terms of smart devices, smart mirrors, smart displays, and holographic displays along with the invention of smart home technologies create ample opportunities for market growth over the coming years. Furthermore, the rapid investments in the invention of new applications for flexible display technologies are likely to provide immense opportunities for market growth.

Challenges 

Rapid technological advancement can become a probable challenge for the current market in the upcoming future, as new technologies have been developed and introduced one after the other. In terms of smart displays, the future prospect of the market can challenge the current market products over the coming years.

Market Report 

Based on type, the in-plane switching panel, or IPS, has dominated the market in terms of type in 2021. Tablets, televisions, and smartphones use panel technology called IPS displays. In comparison to other displays, the manufacturing cost of the IPS panel is comparatively lower.

Based on technology, the OLED market segment held a 45.4% market share in 2021, dominating the overall market. The technology is most frequently utilized in display products. The OLED-based display screens in different types of applications.

In terms of application, the television application had the majority of the market in 2021. This is due to the enormous volume of cutting-edge materials used in television screens to produce accurate colors and maximum brightness

Regional Snapshots

Based on region, the North American region has dominated the display materials market in 2021. The massive production and demand for smart display technologies, together with the superficial lifestyle, can be blamed for the market expansion in the North American region. In addition, substantial investments in R&D activities and effective product development promote market expansion in these areas. Additionally, the rise of the market across North American areas is driven by the adoption of upgraded technological devices and the rise in disposable income.

Report Scope

Key Players

• DuPont
• Merck
• Xintek Inc.
• Henkel
• Toray Industries
• Applied Materials
• Nissan Chemical
• Unidym
• Sanritz Corp.
• Shijiazhuang Chengzhi Yonghua Display Materials
• LG Display Co. Ltd.
• Universal Display Corp.
• Ritdisplay Company
• Japan Display Inc.
• Rolic Technologies (Acquired by BASF)

Recent Developments

• In February 2020, Samsung Electronics unveiled a brand-new 14-meter Onyx Cinema LED screen. The Onyx screen is located in Sydney, Australia’s HOYTS Entertainment Quarter near Moore Park. It is the first installation of this kind of screen in Australia.
• As of April 2020, AU Optronics and PlayNitride Inc., the leading provider of Micro LED technology in the market, have made a collaboration to enhance their product portfolios. The goal of this collaboration is to produce a 9.4-inch wide, premium flexible micro-LED display. At 228 PPI, the pixel density is the highest.
• Boxlight Corporation, a well-known supplier of interactive technologies, software solutions, and digital signs, announced its intention to acquire Sahara Presentation Systems PLC, which consists of Sahara AV Solutions, Sedao, and Clevertouch, in September 2020. This deal will benefit the Sedaos of Clevertouch and Sahara AV as well as their associates around the world.

Market segments covered in the report

By Type

• TN panel
• VA panel
• IPS panel

By Application

• Laptop & LCD display
• Television
• Others

By Technology

• LED
• OLED
• Micro-LED
• LCD
• Direct-view LCD
• Others

By Region

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America