Next Generation Display Materials Market Business Scenario, Overview, Industry Scope, Opportunities 2021-2026

Posted June 1, 2021 by bisrsrch

Focus on Product Type, Application and Countries - Analysis and Forecast, 2021-2026
The next-generation display materials market is driven by the construction and update of new and existing display panel manufacturing plants in APAC, increased adaption of OLED display technology in various display devices, and growing demand for quantum dots in display devices. Asia-Pacific is known as the hub for display panel manufacturers and suppliers. China and Taiwan are now shifting their focus on providing OLED display panels and are expanding their manufacturing units and subsidiaries across other countries in the APAC region. The demand for new display technologies is increasing owing to the enhanced resolution and performance quality of display devices, including smart TVs, laptops, mobile devices, tablets, and cameras. Some of the technologies that are surpassing traditional LCDs are OLED displays, QLED displays, mini-LEDs, and micro-LEDs.

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The demand for the next-generation display materials varies according to various regions. The next-generation display materials market holds a prominent share in various countries of North America, APAC, Europe, Middle East and Africa, and South America. Asia-Pacific is the largest and the fastest-growing market. The region has some of the leading material manufacturers and suppliers, along with leading display panel manufacturers. Also, various display manufacturers such as LG, Samsung, and BOE have invested in countries such as China, Taiwan, and South Korea for the development of next-generation display technologies, which is expected to drive the demand for display materials in the region.

The competitive landscape of the next-generation display materials market consists of different strategies undertaken by major display manufacturers to gain market presence. Some of the strategies adopted by display manufacturers are a new range of product launches and developments, partnerships, collaborations and agreements, and mergers and acquisitions. The key suppliers in the global next-generation display materials market include Idemitsu Kosan Co., Ltd., Toray Industries, Inc., Samsung SDI Co., Universal Display Corporation, Novaled, Nanosys, Nanoco Group PLC, Doosan Corporation, Quantum Materials Corporation, PPG Industries, Inc., DuPont Inc., Sharp Corporation, JBD Inc., eLux, Inc., Plessey Semiconductors, and Optovate Limited. These companies provide a broad product portfolio, including display materials for specific applications. The geographical presence of these companies is mainly concentrated in China, the U.S., South Korea, and the U.K.

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Asia-Pacific or APAC is considered as the hot spot for every market currently globally and is the same for the display industry. The region offers various opportunities for market stakeholders both in terms of demand and supply. In countries like China, Taiwan, South Korea, and Vietnam, there has been a growing demand for consumer electronics as the spending power is increasing, and it also offers the availability of a cheap labor force benefitting the manufacturers. LG Display has been heavily involved in increasing its OLED display production capacity and, thus, investing in the region.

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Bhavya Banga
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BIS Research Inc.
FREMONT CA 94538-1686
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Last Updated June 1, 2021