Global Display Materials Market to Reach $38.4 Billion by 2030
The global market for Display Materials estimated at US$32.5 Billion in the year 2023, is expected to reach US$38.4 Billion by 2030, growing at a CAGR of 2.1% over the period 2023-2030. LCD Technology, one of the segments analyzed in the report, is expected to record 2.3% CAGR and reach US$28.2 Billion by the end of the analysis period. Growth in the OLED Technology segment is estimated at 1.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $9.6 Billion, While China is Forecast to Grow at 2% CAGR
The Display Materials market in the U.S. is estimated at US$9.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 1.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
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What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.
Select Competitors (Total 42 Featured) -
Asahi Glass Co., Ltd.
Corning, Inc.
cynora GmbH
DIC Corporation
Doosan Corporation Electro-Materials
Dow, Inc.
DuPont de Nemours, Inc.
DUKSAN Neolux Co., Ltd.
JNC Corporation
JSR Corporation
LG Chem
Luminescence Technology Corp.
Merck & Co., Inc.
Nissan Chemical Industries Ltd.
Nitto Denko Avecia Inc.
Samsung SDI Co., Ltd
Sumitomo Chemical Co., Ltd.
Toray Industries, Inc.
Universal Display Corporation
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Display Materials - Global Key Competitors Percentage Market Share in 2023 (E)
Display Material Market to Witness Moderate Growth
OLED Technology to Register Highest Growth
Breakdown of OLED Materials Revenue (in Millions of Units) by Application Type: 2017-2023
Total Revenues (in Million USD) of LCD and OLED: 2015-2024
Total Revenue (In Billion USD) of OLED Displays: 2016-2021
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Global Economic Update
2. FOCUS ON SELECT PLAYERS
A Prelude into Leading Players
Breakdown of Raw OLED Capacity (in Sq. m (000)) for Chinese Smartphone Panels by Producer Type: 2018 and 2019
Percentage Breakdown of Market Share of OLED Display Technology by Leading Players (2018)
Percentage Breakdown of Market Share of Commercial Displays by Leading Manufacturers: 2018
Capacity Ranking of TFT LCD by Panel Makers: 2022E
Capacity Ranking of AMOLED by Panel Makers: 2012-2022
3. MARKET TRENDS & DRIVERS
Rise in Adoption of OLED Displays to Bolster Market Growth
Worldwide Percentage Breakdown of Market Share of OLED Screens by Top Five Countries: July 2016-July 2018
Growth in Shipments to Support Demand
New Collaborations to Drive Market Demand
Increasing Investments to Bolster Market Growth
Market Trends in Display Materials Market
Chinese Display Makers Register a Significant Market Share in the Global Market
Emergence of True Quantum Dot and Micro-Led Technology Based Displays to Provide Growth Opportunities
Worldwide microLED Unit Shipments (in Thousands): 2019-2026
Innovations to Spur Market Growth
New Product Launches to Drive Demand for Display Materials
Myriad End-User Segments for OLED Display Technology to Drive Market Growth
Increase in Average Display Screen Resolution & Size to Support Market Growth
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Display Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 2: World Historic Review for Display Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 3: World 16-Year Perspective for Display Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
TABLE 4: World Recent Past, Current & Future Analysis for LCD by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 5: World Historic Review for LCD by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 6: World 16-Year Perspective for LCD by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 7: World Recent Past, Current & Future Analysis for OLED by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 8: World Historic Review for OLED by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 9: World 16-Year Perspective for OLED by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
TABLE 10: World Display Materials Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
TABLE 11: USA Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 12: USA Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 13: USA 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
CANADA
TABLE 14: Canada Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 15: Canada Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 16: Canada 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
JAPAN
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
TABLE 17: Japan Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 18: Japan Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 19: Japan 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
CHINA
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
TABLE 20: China Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 21: China Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 22: China 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
EUROPE
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
TABLE 23: Europe Recent Past, Current & Future Analysis for Display Materials by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
TABLE 24: Europe Historic Review for Display Materials by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 25: Europe 16-Year Perspective for Display Materials by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
TABLE 26: Europe Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 27: Europe Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 28: Europe 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
FRANCE
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
TABLE 29: France Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 30: France Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 31: France 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
GERMANY
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
TABLE 32: Germany Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 33: Germany Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 34: Germany 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
ITALY
TABLE 35: Italy Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 36: Italy Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 37: Italy 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
UNITED KINGDOM
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
TABLE 38: UK Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 39: UK Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 40: UK 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
REST OF EUROPE
TABLE 41: Rest of Europe Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 42: Rest of Europe Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 43: Rest of Europe 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
ASIA-PACIFIC
Display Materials Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
TABLE 44: Asia-Pacific Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 45: Asia-Pacific Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 46: Asia-Pacific 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030
REST OF WORLD
TABLE 47: Rest of World Recent Past, Current & Future Analysis for Display Materials by Technology - LCD and OLED - Independent Analysis of Annual Sales in US$ Million for the Years 2023 through 2030 and % CAGR
TABLE 48: Rest of World Historic Review for Display Materials by Technology - LCD and OLED Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
TABLE 49: Rest of World 16-Year Perspective for Display Materials by Technology - Percentage Breakdown of Value Sales for LCD and OLED for the Years 2014, 2024 & 2030