Display Material Market Size

The global display material market was valued at USD 34.8 billion in 2024 and is estimated to grow at a CAGR of 3.6% from 2025 to 2034.

The escalating adoption of advanced consumer electronics, such as smartphones, tablets, and wearable devices, is a key driver in the display material industry. Consumers are demanding devices with enhanced visual clarity, vibrant colors, and lower energy consumption. This has led manufacturers to invest heavily in OLED, QLED, and micro-LED technologies, which require specialized and high-performance display materials. Continuous product innovation to meet these demands is fueling market expansion.

BOE’s f-OLED technology is revolutionizing the display material industry with its flexible, foldable, and rollable OLED solutions, offering immense potential for innovation. As the world’s second-largest producer of flexible OLED displays, BOE shipped around 80 million flexible OLED units in 2022. The company is also a pioneer in foldable OLED displays, driving the evolution of smartphones, tablets, and laptops, enabling new, dynamic form factors. Additionally, BOE’s rollable OLED displays provide an unprecedented level of adaptability, allowing devices to extend and retract, paving the way for new possibilities in portable display technology.

For instance, in November 2024, Applied Materials, Inc. introduced the MAX OLED solution, a patented OLED pixel architecture and revolutionary display manufacturing technology designed to bring the superior OLED displays found in high-end smartphones to tablets, PCs and eventually TVs. Applied’s MAX OLED solution makes it easier to scale OLED manufacturing from Gen 6 glass substrates to Gen 8 substrates, which are approximately two times larger, and beyond. In addition, the MAX OLED solution deposits OLED materials in a new way that increases pixel brightness and resolution, reduces display energy consumption, and lengthens display lifetime.

The integration of advanced displays in automotive applications, including digital instrument clusters, head-up displays (HUDs), and infotainment systems, is contributing significantly to market growth. These applications demand materials with high durability, wide temperature tolerance, and superior optical performance, leading to increased investment in high-quality display materials. As connected and autonomous vehicles gain prominence, this trend is expected to accelerate further.