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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.
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.
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.
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.
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.