Oregon, Portland, United States- The global OLED materials market was worth $5,932 million in 2016 and is expected to be worth $25,731 million by 2023, growing at a CAGR of 26.3% between 2017 and 2023. In 2016, Asia-Pacific dominated the global market, accounting for more than two-thirds of market share.
During the forecast period, the substrates segment is expected to dominate the global market. The cathode segment, on the other hand, is expected to gain traction in the near future. The cathode and substrates segments accounted for more than one-third of the global OLED materials market in 2016.
COVID-19 Pandamic impact analysis:
The COVID-19 pandemic had a significant impact on the global economy. The market report examines the micro- and macroeconomic effects of the pandemic in depth. Furthermore, the analysis depicts COVID-19’s direct impact on the OLED materials market. It summarises detailed information about the market’s size and share as a result of the outbreak’s impact. The report also focuses on the market’s supply chain and sales. Last but not least, the study depicts a post-COVID-19 scenario, depicting various measures and initiatives taken by government bodies around the world.
OLED materials comprise substrates, encapsulation, cathode, anode, hole injection material (HIL), electron transport material (ETL), emissive material (EML) and others (HTL and EBL). Substrates holds a major share in the global market in 2016. The demand for OLED materials is driven by changes in lifestyle of people and increase in population. In addition, surge in demand for smartphones is expected to boost the market growth in the near future. The major companies operating in the global OLED materials market have collaborated with major service providers & retailers to expand their outreach.Some ruling enterprises in the global market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global industry include Sigma-Aldrich Co. LLC., DuPont, Novaled GmbH, Merck KGaA, LG Chem, TCI America, Sumitomo Chemical, Universal Display.
Asia-Pacific accounted for the highest share, and is expected to continue its dominance during the forecast period. The LAMEA OLED materials market is anticipated to grow at a significant CAGR due to growth in adoption of OLED in smartphones and televisions.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the market
- Post-sales support and free customization
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