Market research reports, consulting: Global Market Insights Inc.

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Display Material Market Trends

Report ID: GMI12692 Published Date: December 2024Report Format: PDF
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Display Material Market Trends

The shift from traditional LCDs to advanced OLED and micro-LED technologies is reshaping the display material industry. OLED displays offer superior color accuracy, thinner profiles, and flexibility, making them ideal for premium smartphones, televisions, and wearables. Similarly, micro-LED technology, known for its brightness and energy efficiency, is gaining traction in high-end applications, such as AR/VR devices and large-format displays. This transition has spurred innovation in emissive materials, encapsulation layers, and backplane technologies to meet the specific requirements of these advanced displays.

Flexible and foldable displays are emerging as a major trend, driven by their application in next-generation devices like foldable smartphones, rollable televisions, and flexible wearables. These innovative form factors require advanced materials such as flexible substrates, transparent conductive films, and durable coatings that can withstand repeated bending and environmental stress. The growing consumer interest in these futuristic designs is propelling material research and expanding the scope of the display material market.

The proliferation of smart technologies has extended the use of displays beyond traditional applications. Emerging fields like smart appliances, automotive HUDs, retail digital signage, and industrial interfaces are driving demand for robust, high-performance materials that deliver exceptional clarity and responsiveness. Additionally, advancements in transparent and touch-sensitive display materials are unlocking new possibilities for augmented reality (AR) and mixed reality (MR) devices, which are poised to transform industries ranging from entertainment to healthcare. This diversification is creating new growth avenues for displaying material manufacturers.

Author: Suraj Gujar , Saptadeep Das
Frequently Asked Question(FAQ) :

What is the market share of OLED technology in the display material industry?+

OLED technology held a 10.7% market share in 2024, driven by its unmatched visual clarity, deeper blacks, and vibrant colors, making it the preferred choice for premium devices like smartphones and high-end TVs.

How big is the global display material market?+

The global market size for display material was valued at USD 34.8 billion in 2024 and is projected to reach USD 48.8 billion by 2034, driven by a CAGR of 3.6% during the forecast period, fueled by the rising demand for advanced consumer electronics.

Who are the major players in the display material industry?+

Major players in the industry include Corning Incorporated, DIC Corporation, DowDuPont Inc., Hitachi Chemical Co., Ltd., Idemitsu Kosan Co., Ltd., Innolux Corporation, Japan Display Inc., JNC Corporation, Kyulux, Inc., LG Chem, Ltd., Lumileds Holding B.V., Merck KGaA, Nanoco Technologies Limited, Nitto Denko Corporation, Samsung Display Co., Ltd., and Sumitomo Chemical Co., Ltd.

How much is the U.S. display material market worth?+

The U.S. accounted for 87.4% of the North American market in 2024, driven by its leadership in technological innovation and high consumer spending on electronics.

Display Material Market Scope

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