Composites and Advanced Materials

According to a market report by Lucintel, the future of the OLED material market looks promising with opportunities in the residential, commercial, and industrial applications. The global OLED material market is expected to reach an estimated $72.2 billion by 2028 with a CAGR of 23.2% from 2023 to 2028. The major drivers for this market are growing demand for energy efficient and wireless lights, increasing application of these OLEDs in automotive sectors, and increasing usage of latest white OLED devices in solid-state lighting applications.



In this market, substrate, encapsulation, anode, HIL, HTL, ETL, EML, and cathode are the two major segments of OLED material market by product type. Lucintel forecasts that cathode will remain the largest segment over the forecast period owing to its durability, compatibility, effectiveness, and quick charging capabilities.



Within this market, residential is expected to witness highest growth over the forecast period due to the significant usage of OLED in the residential premises because it minimizes energy usage and ensures effectiveness, and wide colour spectrum.



APAC will remain the largest region due to the continuous growth in construction activities and automotive production in the region.

Sigma-Aldrich, DuPont, Novaled, Merck, and LG are the major suppliers in the global OLED material market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global OLED material market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global OLED Material Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global OLED material market by product type, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the OLED material market by product type (substrate, encapsulation, anode, HIL, HTL, ETL, EML, cathode, and others), application (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?