Display Material Market is expected Reach USD 292.12 Million by 2029 at a CAGR of 7.13 Percent

(IT-NEWSWIRE.COM, August 12, 2023 ) As per Maximize Market research, the Display Material Market was USD 168.43 Million in 2022 and is expected to grow at a CAGR of 7.13 percent over the forecast period to reach USD 292.12 Million by 2029

Display Material Market Report Scope and Research Methodology

The Display Material Market Report offers a comprehensive analysis of the industry, focusing on various display materials like OLED, LCD, and LED. Our research methodology involves thorough data collection, market surveys, and expert insights to provide valuable information on market trends, growth drivers, challenges, and key players shaping the market landscape.

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Display Material Market Dynamics

The market is witnessing substantial growth driven by the surging demand for electronic devices equipped with advanced display technologies like OLED and LED. The market is propelled by the rising adoption of smartphones, tablets, and TVs, fuelled further by technological innovations. Additionally, the increasing popularity of AR/VR devices and automotive displays contributes to its expanding scope.

Display Material Market Regional Insights

North American region dominates the market and held 32 percent of the market share in 2022. The Asia-Pacific region is dominating the Display Material Market due to its thriving consumer electronics industry and increasing demand for advanced displays in countries like China, South Korea, and Japan. The region's rapid technological advancements, large consumer base, and growing investments in display technologies contribute to its market leadership.

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Display Material Market Segmentation

By Application

Smartphones

Televisions

Automotive displays

Digital signage

Wearable devices

By Material

LCD

OLED

LED

QLED

By Panel

Rigid panels

Flexible panels

Display Material Key Competitors include:

Samsung SDI

LG Chem

Sumitomo Chemical

Corning

Nitto Denko (Japan)

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Maximize Market Research is leading Electronics research firm, has also published the following reports:

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Display Material Market is expected Reach USD 292.12 Million by 2029 at a CAGR of 7.13 Percent