Global OLED Material Market Analysis, 2024-2030

OLED are composed layers made up of organic compounds which emits light when electric current passes through it. The materials used in OLED can be classified as cathode, anode, substrates, encapsulation, emissive material, hole injection material, an electron transport material. It is designed keeping in mind the modern and advanced lifestyle. Due to its benefits, it is majorly used in displays of smartphones. Automotive industries are planning to launch them in cars as well.

The global OLED material market report reveals the existing market conditions carrying out over 280 hours of both secondary and primary research. As per the research report, the global OLED material market is growing its area of influence swiftly. The global OLED material market is valued at US $ xxx million dollars which is anticipated to reach a massive US $ xxx million dollars by the year end of 2023. During the forecast period of 2018-2023 this market is anticipated to grow at an average annual rate of xx%.

OLED is mainly used in smartphones. But many big automotive companies are planning to launch OLED material in their car's lights. These OLED panels in smartphones have resulted in clear, 3D quality picture, and thin size of the screen. Due to these benefits, OLED displays, and materials are preferred over previous materials.

In urban cities and developing countries, the use of cars and smartphones is increasing and more than a need, it has become an attraction for people to buy new and advanced models as soon as they are launched in the market. OLED material is in great demand by smartphones manufacturers. They are also being planned to be installed in cars. The benefits of OLED such as 3D effects, clarity, transparency and thin film the real reasons behind its increased demand. The impediments facing the market is the fact that it is a new technology and can be an attraction for many people. But the installation cost is higher. Till now it is used in many cars and smartphones which are of higher cost. The research is still going on for advancement and cost reduction of the product in the market. The geographical regions delivering OLED material are countries like the U.S. from North America, UK, Switzerland, and Germany from Europe, Asia Pacific countries like China, Japan, India, Korea, and South Korea

The companies known as leading manufacturers of OLED material are Idemitsu Kosan Co. Ltd., Merck KGaA, Sumitomo Chemical Company Ltd., TCI America, Heraeus Holding GmbH, Universal Display Corporation. They manufacture OLED material for different purposes like smartphone panel, car lights etc depending on the requirement in the market.

Our Approach

The research process includes the global OLED material market segmentation, identification of the growth determinants and conducting market forecasts. The market forecasts are conducted based in the insights given by the business influential’s from across the global OLED material market value chain. Market Krystal hence conducted over 35 interviews devoted to this market study and all the details pertaining to it are mentioned below:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (40%), Europe (25%)

By designation:

Top level (40%), Operation level (35%), Mid-level (25%)

Contents of the report:

• Insights on the global OLED material industry dynamics
• Estimation of the current global OLED material market size in terms of value and volume
• Global OLED material market breakup based on type (substrate, cathode, anode, encapsulation, hole injection layer, hole transport layer, electron transport layer, emissive layer), application (display (smartphones, notebook & tablets, television & monitors), lightening), and geography (North America, Europe, Asia-Pacific, Middle East, Africa & Latin America)
• Substantiated global OLED material market forecast for the next five years
• In detail analysis of the key companies working across different nodes of global OLED material industry value chain