Display Material Market was valued at USD 120 Billion in 2022 and is projected to reach USD 190 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global display material market is witnessing significant growth due to the increasing demand for advanced display technologies across various applications. These materials are critical components in the manufacturing of displays used in different sectors, including consumer electronics, automotive, and digital signage. The display material market can be segmented by application, and each application has unique requirements in terms of materials and technologies used. Key applications include television, smartphones and tablets, laptops, desktops, signage/large format displays, automotive, and other specialized uses. Each of these segments plays a crucial role in driving the demand for innovative materials that enhance the performance, durability, and visual quality of displays. The market's growth is driven by technological advancements, increasing consumer demand for high-quality displays, and the integration of new materials that enable better resolution, color accuracy, and energy efficiency.
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The television segment is one of the largest and most influential applications within the display material market. With the rise of 4K, 8K, and OLED technologies, the demand for high-performance display materials has surged. These materials are essential for producing vibrant, sharp, and high-definition images that meet consumer expectations for picture quality. The continuous development of larger screen sizes, thinner displays, and flexible panels further boosts the need for advanced display materials. Key materials in this segment include liquid crystal displays (LCD), organic light-emitting diodes (OLED), quantum dots, and microLED, which are being increasingly used to enhance color reproduction, contrast ratios, and energy efficiency. As television manufacturers focus on providing immersive viewing experiences, the demand for specialized materials that support these innovations continues to grow.The television display market is also evolving with the integration of smart features and ultra-high-definition resolutions. Manufacturers are looking for materials that not only improve display performance but also support advanced functionalities such as voice recognition, internet connectivity, and AI-based enhancements. This drives the development of new display technologies like MiniLED and OLED, which offer superior brightness, deeper blacks, and better color accuracy. The increasing trend of larger screen sizes and flexible displays in the television segment requires materials that are not only visually impressive but also durable and cost-effective. As consumer preferences shift toward more sophisticated television displays, the market for display materials in this application is expected to expand further.
The smartphone and tablet segment is another key application within the display material market. With the growing adoption of smartphones and tablets worldwide, the demand for high-quality, energy-efficient displays has risen dramatically. Materials such as AMOLED (Active Matrix Organic Light Emitting Diodes) and LCDs are commonly used in smartphones and tablets to provide clear, vibrant displays. AMOLED technology, in particular, is gaining popularity due to its ability to deliver deeper blacks, higher contrast ratios, and more vibrant colors compared to traditional LCDs. Additionally, the shift toward foldable and flexible displays in smartphones has created a new demand for materials that can support these innovative form factors while maintaining performance and durability. As smartphone and tablet manufacturers continue to push the boundaries of display technology, materials that enable thinner, lighter, and more energy-efficient displays are increasingly sought after.The tablet market, though somewhat slower in growth compared to smartphones, still plays a significant role in the demand for display materials. Tablets are used for a wide range of applications, from entertainment to business, and require displays that offer high resolution, fast response times, and wide viewing angles. In both smartphones and tablets, the trend toward edge-to-edge displays, reduced bezels, and high screen-to-body ratios continues to drive the need for advanced display materials. Furthermore, the rise of 5G technology and the increasing focus on augmented reality (AR) and virtual reality (VR) applications are expected to further fuel the demand for high-performance displays in these devices. As consumer expectations for display quality continue to rise, the materials used in smartphones and tablets must meet stringent requirements for durability, visual appeal, and energy efficiency.
The laptop segment in the display material market is experiencing steady growth due to the increasing demand for portable computing devices that offer superior display quality. Laptops are used in a variety of environments, from professional workspaces to entertainment hubs, and consumers expect high-resolution displays that provide clear, vibrant visuals. The most common materials used in laptop displays are LCDs and OLEDs, with the latter becoming more popular due to its ability to provide better color accuracy, higher contrast ratios, and thinner form factors. Additionally, the growing trend of ultrabooks and gaming laptops is driving the need for high-performance display materials that can support high refresh rates, fast response times, and ultra-high-definition resolutions. As laptops become more powerful and versatile, the demand for advanced display materials that can enhance user experience is expected to rise.The laptop display market is also evolving with the integration of new technologies such as 4K and OLED displays. These displays offer superior picture quality and are increasingly being incorporated into premium laptops, catering to consumers who require high-end performance for tasks such as video editing, gaming, and content creation. Furthermore, the shift toward thinner and lighter laptops has led to the development of flexible and durable display materials that can withstand the demands of portability without compromising performance. As the laptop market continues to grow and evolve, the need for innovative display materials that can deliver high-quality visuals while maintaining energy efficiency and durability will remain a key driver of market growth.
The desktop segment in the display material market is primarily driven by the demand for high-resolution monitors used in professional and personal computing. Desktop displays are essential for a wide range of applications, from graphic design and video editing to gaming and office work. As consumers increasingly demand higher picture quality, display materials that can support 4K, 8K, and ultra-wide resolutions are becoming more popular. LCDs and OLEDs are the most commonly used display materials in desktop monitors, with OLEDs gaining traction due to their superior color reproduction, higher contrast ratios, and faster response times. Additionally, the growing popularity of curved and ultra-wide monitors is driving the demand for display materials that can provide a more immersive viewing experience. The desktop display market is also evolving with the rise of high-refresh-rate monitors, which are particularly popular in the gaming industry.The demand for desktop displays is also being influenced by the increasing use of multiple monitor setups and the growing trend of remote work. As professionals and content creators require larger and more efficient displays to enhance productivity, the need for advanced display materials that can deliver high-quality visuals across multiple screens is rising. The demand for larger, more immersive displays is also driving the development of display materials that offer better viewing angles, color accuracy, and energy efficiency. As technology continues to advance, the desktop display market will likely see continued growth, with new materials and technologies that enhance performance, visual appeal, and user experience.
The signage and large format display market is a rapidly growing segment within the display material industry. These displays are used in a variety of public and commercial settings, such as retail stores, airports, stadiums, and transportation hubs. The need for high-quality, durable displays that can withstand harsh environments and provide clear, vibrant visuals is driving the demand for specialized materials. LCD and LED technologies are commonly used in large format displays, with advancements in OLED and microLED technologies offering even better color accuracy, brightness, and energy efficiency. Additionally, the trend toward digital signage, which allows businesses to display dynamic content in real-time, is fueling the demand for display materials that can deliver superior performance in a variety of lighting conditions.The signage market is also being influenced by the growing use of interactive displays, which allow consumers to engage with content through touch or motion sensors. This trend is driving the need for display materials that are not only visually appealing but also responsive and durable. Furthermore, the increasing adoption of smart cities and the integration of digital signage in public spaces is expected to further boost the demand for high-quality display materials. As the signage and large format display market continues to grow, the need for innovative materials that can deliver exceptional performance in a wide range of environments will remain a key driver of market development.
The automotive segment is an emerging application for display materials, driven by the increasing use of advanced display technologies in vehicles. Modern vehicles are increasingly equipped with digital dashboards, infotainment systems, and advanced driver-assistance systems (ADAS), all of which rely on high-quality displays. LCDs, OLEDs, and AMOLEDs are commonly used in automotive displays to provide clear, vibrant visuals that enhance the driving experience. The growing trend of electric vehicles (EVs) and autonomous driving is also driving the demand for innovative display technologies that can support complex interfaces and provide real-time information to drivers. As automotive manufacturers seek to integrate more advanced display features into their vehicles, the need for high-performance materials that can withstand the challenges of automotive environments, such as temperature fluctuations and vibrations, is expected to increase.The automotive display market is also evolving with the integration of new technologies such as curved and flexible displays, which offer a more immersive and futuristic look. Additionally, the use of augmented reality (AR) displays in vehicles is gaining traction, allowing drivers to access critical information such as navigation and safety alerts in a more intuitive and engaging manner. This trend is driving the development of display materials that can support AR and other advanced technologies. As the automotive industry continues to innovate, the demand for high-quality, durable display materials that can enhance the user experience and support new functionalities will remain a key factor in market growth.
Beyond the primary applications of television, smartphones, tablets, laptops, desktops, signage, and automotive, there are several other emerging applications for display materials. These include wearables, healthcare devices, industrial applications, and more. In the wearable segment, for example, the demand for flexible and energy-efficient displays is driving innovation in materials such as OLEDs and microLEDs. Healthcare devices, such as medical monitors and diagnostic equipment, also require high-quality displays that provide clear and accurate images. The industrial sector is increasingly adopting digital displays for equipment monitoring, process control, and other applications, further expanding the market for advanced display materials. As new technologies and applications emerge, the demand for specialized display materials that can meet the unique requirements of these industries is expected to grow.The development of new materials and technologies will continue to drive the expansion of the display material market across various applications. As industries seek to integrate more advanced display features into their products, the need for high-performance, durable, and cost-effective display materials will remain a key focus. With the ongoing advancements in display technology, the market is expected to see continued growth, with new opportunities arising in a wide range of sectors.
Key trends in the display material market include the shift towards OLED and microLED technologies, the growing demand for flexible and foldable displays, and the increasing adoption of high-resolution displays such as 4K and 8K. OLED technology is particularly popular due to its ability to deliver superior color accuracy, deeper blacks, and thinner form factors compared to traditional LCDs. MicroLED, a newer technology, is gaining traction for its potential to offer brighter displays, better energy efficiency, and longer lifespans. Additionally, the trend towards flexible and foldable displays is driving the development of new materials that can support these innovative form factors without compromising performance. The increasing demand for higher resolutions, particularly in the television and smartphone markets, is also contributing to the growth of the display material market.
Opportunities in the display material market are abundant, particularly in emerging technologies such as microLED, flexible displays, and automotive displays. The development of microLED technology presents significant opportunities for materials that can deliver superior brightness, energy efficiency, and durability. Flexible displays, which are becoming increasingly popular in smartphones and wearables, offer opportunities for materials that can support bending, folding, and stretching without losing performance. The automotive sector also presents a growing opportunity for display materials, as the demand for advanced driver-assistance systems (ADAS) and infotainment displays continues to rise. As industries continue to innovate and integrate new display technologies into their products, the demand for specialized materials that can support these innovations will create new growth opportunities in the market.
What materials are commonly used in display technology?
Common materials include LCD, OLED, AMOLED, and microLED, which are used in various display applications for their superior image quality and performance.
What is the future of the display material market?
The display material market is expected to grow with advancements in OLED, microLED, and flexible display technologies, offering new opportunities for innovation.
Which display technology is best for televisions?
OLED and microLED technologies are considered the best for televisions due to their superior color accuracy, contrast, and energy efficiency.
How does OLED differ from LCD?
OLED provides better color accuracy, deeper blacks, and thinner form factors compared to LCD, which uses a backlight to produce images.
What are the applications of display materials in the automotive industry?
Display materials in automotive applications include digital dashboards, infotainment systems, and advanced driver-assistance systems (ADAS), requiring high-performance displays.
Why are flexible displays gaining popularity?
Flexible displays are popular due to their ability to be used in foldable smartphones, wearables, and other innovative products that require bending or folding.
What are the challenges in the display material market?
Challenges include the high cost of advanced display technologies, the need for materials that can withstand extreme conditions, and the development of energy-efficient displays.
How is the demand for display materials influenced by consumer preferences?
Consumer preferences for high-resolution, vibrant, and energy-efficient displays drive the demand for advanced materials in televisions, smartphones, and other devices.
What role do display materials play in wearable devices?
Display materials in wearable devices need to be flexible, energy-efficient, and durable, supporting features like touch interfaces and compact form factors.
How do advancements in display technology impact the material market?
Advancements in display technology, such as OLED and microLED, create new opportunities for materials that can support these innovations while maintaining performance and durability.
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Corning
Nitto Denko
Sumitomo Chemical
Merck
LG Chem
Samsung Sdi
Universal Display Corporation
Asahi Glass
Idemitsu Kosan
Dowdupont
Toray Industries
DIC Corporation
Hodogaya Chemical
JSR Corporation
Nissan Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Display Material Market
Television
Smartphone & Tablet
Laptop
Desktop
Signage/Large Format Display
Automotive
Others
Based on Types the Market is categorized into Below types that held the largest Display Material market share In 2023.
Polarizer
Substrate
Color Filter Layer
Liquid Crystals
Backlighting Unit (BLU)
Other LCD Materials
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Display Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Display Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Display Material Market, By Type
6. Global Display Material Market, By Application
7. Global Display Material Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Display Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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