Display Material Market Synopsis

Display Material Market Size Was Valued at USD 33506.45 Billion in 2023 and is Projected to Reach USD 44527.1 Billion by 2032, Growing at a CAGR of 3.21% From 2024-2032.

Display materials play a crucial role in effectively showcasing information, products, or services in various settings such as trade shows, retail stores, classrooms, and exhibitions. They grab people's focus and improve presentations.

• Display materials are essential in marketing, education, and entertainment thanks to their powerful visual impact and vivid colors that seize attention. They are efficient at rapidly spreading information, whether for safety signs, educational posters, or promotional banners.
• Maintaining a uniform brand image in promotional materials plays a key role in establishing brand familiarity, particularly in the realm of marketing and advertising. They are versatile and affordable, available in different formats such as digital displays and flags.
• Interactive screens improve engagement, especially in educational environments. In the field of sales and marketing, promotional materials such as POP displays have the ability to enhance sales and showcase promotional deals.
• Effectively crafted materials improve memory and recollection, while sustainable and personalized choices support ecological objectives. In general, display materials provide a variety of advantages, such as improving visibility, building brand recognition, and promoting sustainability.

Top Active Players Involved Are:

“Corning Incorporated (United States), Nitto Denko Corporation (Japan), LG Chem (South Korea), DowDuPont (United States), DIC Corporation (Japan), JSR Corporation (Japan), Merck (Germany), Idemitsu Kosan Co., Ltd (Japan), Universal Display Corporation (United States), Asahi Glass (Japan), Sumitomo Chemical (Japan), Samsung SDI Co., Ltd (South Korea), Samsung Display Co., Ltd (South Korea), Innolux Corporation (Taiwan), AU Optronics Corporation (Taiwan), BOE Technology Group Co., Ltd. (China), Sharp Corporation (Japan), Tianma Microelectronics Co., Ltd. (China), E Ink Holdings (Taiwan), HannStar Display Corporation (Taiwan), Innodisk Corporation (Taiwan), Mitsubishi Chemical Holdings Corporation (Japan), Innolux Display (Taiwan), Chimei Innolux (Taiwan), Epistar Corporation (Taiwan), and Other Active Players.”

Display Material Market Trend Analysis

Rise in Need of Displays for Various Applications

• The market is experiencing innovation and growth due to the increasing demand for display materials across various industries. Consumer electronics such as smartphones, tablets, televisions, and screens need sturdy materials to keep up with advancing technology.
• Specialized materials are required in the automotive industry for in-dash displays, HUDs, and electric vehicles equipped with advanced driver assistance systems. Healthcare depends on high-quality materials for medical screens and wearable devices.
• The retail, advertising, aviation, education, and entertainment sectors also need top-notch display materials for different purposes. Flexible and interactive materials are in demand due to the influence of smart home displays and VR/AR technologies.
• The sector is changing to cater to the needs of various industries, resulting in the creation of new materials for more interactive and high-quality screens. High-quality materials are essential for improving surveillance, research, art installations, and scientific displays.

Opportunity

Shift Towards Eco-Friendly and Sustainable Display Materials

• The display material market is experiencing growth and innovation due to the increasing demand for eco-friendly and sustainable options from consumers and businesses. Companies that offer sustainable solutions gain a competitive edge, improve their brand image, and enhance customer loyalty.
• Government regulations and incentives further drive the adoption of eco-friendly materials. Cost efficiency, reduced waste, and material innovation also benefit companies, leading to the development of new, sustainable materials with lower environmental impacts and costs.
• Aligning with market trends and offering eco-friendly options attracts environmentally conscious customers and ensures regulatory compliance. Using sustainable materials in the supply chain strengthens supplier relationships and reduces environmental risks.
• Investing in sustainability prepares companies for future regulations and changing preferences, while collaborations with other industries and educational campaigns promote sustainable practices and market demand.
• Emphasizing responsible sourcing, reputation, long-term growth, collaborations, and awareness campaigns can help companies optimize their supply chain and stand out in the market.

Display Material Market Segment Analysis:

Display Material market is segmented on the basis of Technology, Material, Application, and Panel Type.

By Technology, LCD Segment Is Expected to Dominate the Market During the Forecast Period

There are three segments by technology such as LCD, OLED, and AMOLED. Among these, the LCD segment is expected to dominate the market during the forecast period.

• LCD technology continues to lead the display material market, outperforming OLED and AMOLED thanks to advanced manufacturing methods and a dependable worldwide supply chain.
• Economies of scale enable larger screens to be cost-effective with LCDs, providing them with a competitive edge. Various uses across TVs, computers, automotive displays, and digital signage serve a wide range of customers.
• LCDs surpass OLEDs in terms of energy efficiency, durability in extreme temperatures, and lifespan. Reduced overall expenses and simplified maintenance contribute to their widespread popularity.
• Technological developments such as mini-LED and micro-LED models continue to improve the performance of LCD screens. Despite the emergence of OLED and AMOLED technologies, LCD's ongoing market dominance is fueled by consumer demand for dependable, affordable, sustainable, and recyclable options.

By Application, Television Segment Held the Largest Share In 2023

There are five segments by application such as television, smartphones & tablets, signage, automotive, and smart wearables. Among these, television segment held the largest share in 2023.

• The display material market in 2023 is mainly led by television segments because of the growing popularity of high-resolution displays such as 4K and 8K TVs, bigger screens, and internet-enabled smart TVs.
• HDR and OLED advancements have also increased the requirement for high-quality image materials. Increased incomes, larger TV markets, and developments in mini-LED, micro-LED, and Quantum Dot technologies are driving the need for premium display materials.
• The increasing popularity of streaming services, gaming, and smart home integration is also fueling demand for high-quality display panels. Due to the consistent cycle of TV upgrades and technological progress, the need for display materials stays constant. The continued significance of television in daily life drives its leading position in the display material market.

Display Material Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The display material market in the Asia Pacific region is set to be the leader due to factors like prominent production centers in countries like China, Japan, South Korea, and Taiwan, skilled workforce, and availability of raw materials.
• Manufacturers being close to suppliers results in a streamlined supply chain, leading to cost and time savings. Increasing incomes and urbanization in nations such as China and India are fueling consumer interest in electronics featuring display panels.
• Government backing in the form of incentives and investments propels the high-tech sector. Asia Pacific is at the forefront of technological advancements, specifically in the development of OLED, AMOLED, and micro-LED displays. Miniaturization and efficiency are the main areas of focus for research and development in wearable and portable devices.
• The area is a significant producer of high-definition and large-screen panels, benefiting from cost savings due to large-scale production, affordable workforce, and various raw materials. Strategic partnerships and collaborations boost competitiveness by emphasizing eco-friendly materials and staying ahead of future trends, such as foldable displays and flexible screens.

Display Material Market Active Players

• Corning Incorporated (United States)
• Nitto Denko Corporation (Japan)
• LG Chem (South Korea)
• DowDuPont (United States)
• DIC Corporation (Japan)
• JSR Corporation (Japan)
• Merck (Germany)
• Idemitsu Kosan Co., Ltd (Japan)
• Universal Display Corporation (United States)
• Asahi Glass (Japan)
• Sumitomo Chemical (Japan)
• Samsung SDI Co., Ltd (South Korea)
• Samsung Display Co., Ltd (South Korea)
• Innolux Corporation (Taiwan)
• AU Optronics Corporation (Taiwan)
• BOE Technology Group Co., Ltd. (China)
• Sharp Corporation (Japan)
• Tianma Microelectronics Co., Ltd. (China)
• E Ink Holdings (Taiwan)
• HannStar Display Corporation (Taiwan)
• Innodisk Corporation (Taiwan)
• Mitsubishi Chemical Holdings Corporation (Japan)
• Innolux Display (Taiwan)
• Chimei Innolux (Taiwan)
• Epistar Corporation (Taiwan), and Other Active Players.

Key Industry Developments in the Display Material Market:

In June 2024, it was announced that the Google Pixel 9 series and iPhone 16 Pro series to use Samsung OLED display with 'M14' material, offering superior brightness and lifespan compared to previous models.