Global OLED Materials Industry Analysis 2022 & Forecast Till 2027

by imarcsuraj
OLED Materials Market

According to the latest report by IMARC Group, titled “OLED Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global OLED materials industry analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global OLED materials market size reached US$ 16.17 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 59.97 Billion by 2027, exhibiting a growth rate (CAGR) of 22.80% during 2022-2027.

Organic light-emitting diode or OLED materials represent lightweight and flexible organic materials stacked in several layers to manufacture OLEDs. They include hole transport materials (HTM), electron transport materials (ETM), hole injection materials, matrix materials, emitter materials, hole and electron blocking materials, etc.  OLED materials are utilized for vaporization on flexible substrates and or glass and emit light when an electric field is applied to OLED devices. They offer bright colors, improved image quality, fast motion, and high contrast to displays. Consequently, OLED materials are extensively used in manufacturing displays and lighting products across the globe.

Market Trends

The inflating sales of consumer electronics, including laptops, smartphones, LED TVs, computers, printers, etc., across countries is among the key factors driving the OLED materials market. Additionally, the increasing awareness about the benefits of OLED displays over liquid crystal displays (LCDs) and the growing employment of OLED materials in automotive lighting are acting as significant growth-inducing factors.

Apart from this, the rising investments by leading manufacturers in research and development (R&D) activities to fabricate white OLEDs with a longer shelf life for solid-state lighting applications are also positively influencing the global market. Moreover, the shifting preferences toward OLED lighting in commercial spaces as an favorable alternative to existing lighting systems for reducing energy consumption is further catalyzing the market growth. Besides this, the escalating demand for enhanced viewing experiences and the elevating product application in augmented reality (AR) and virtual reality (VR) headsets are expected to propel the OLED materials market in the coming years.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

DuPont de Nemours Inc., Heraeus Holding GmbH, Hodogaya Chemical Co. Ltd., Idemitsu Kosan Co. Ltd., LG Chem Ltd., Merck KGaA, Samsung SDI Co. Ltd., Sumitomo Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd. and Universal Display Corporation.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:

Breakup by Type:

  • Substrates
  • Encapsulation
  • Anode
  • Hole Injection Layer (HIL)
  • Hole Transport Layer (HTL)
  • Electron Transport Layer (ETL)
  • Emissive Layer (EML)
  • Cathode

Breakup by Application:

  • Display
    • Television and Monitors
    • Smartphones
    • Notebooks and Tablets
    • Automotive
    • Others
  • Lighting

Breakup by End Use:

  • Residential Products
  • Commercial Products
  • Industrial Products

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:
IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming


Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 |

Africa and Europe :- +44-702-409-7331 |

Asia: +91-120-433-0800, +91-120-433-0800

Read Also

Related Articles