Organic Light Emitting Diode Materials Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Organic Light Emitting Diode Materials Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Organic Light Emitting Diode Materials Market

The organic light emitting diode materials market size was valued at USD 1.09 billion in 2022, and the market is now projected to grow from USD 1.26 billion in 2023 to USD 3.50 billion by 2030, exhibiting a CAGR of 13.6% during the forecast period of 2023-2030.

Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the organic light emitting diode materials market growth.

Rising electronics industry demand driven by product's energy-efficient features to accelerate organic light emitting diode materials market growth during forecast period. The increase in the world population over the past few years has led to a sharp growth in the electronics industry. The need for TVs and cell phones has sharply increased since the outbreak. Online sales of commodities, food, and electronics have begun to occur. In addition, the government released new guidelines for educational institutions offering online instruction. TV and mobile device makers now have a tonne of opportunities thanks to all these operations. Thus, the usage of OLED materials has increased due to the sharp increase in demand for TVs and smartphones.

Using OLED materials in high-tech displays is a new trend in the market during forecast period. High-performance displays including monitors, TVs, wearable technology, IT gadgets, and tiny displays frequently use OLED materials. These materials are perfect for creating flexible and curved displays. Manufacturers' demand for OLED displays has increased as a result, opening up new business opportunities in the electronics sector. Moreover, transparent OLED wearable displays can be made with the materials. It is anticipated that these displays will be utilized on non-flat surfaces, on mobile devices, and on tattoos or skin patches. As a result, using OLED materials in cutting-edge and futuristic technologies will open up new possibilities. Consequently, the global market for organic light-emitting diode materials is expanding as a result of all these causes.

Comprehensive Analysis of Organic Light Emitting Diode Materials Market

The organic light emitting diode materials market and chemicals & advanced Materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the chemicals & advanced benefit management industry. These segmentations are methodically segregated by types and by application. The Type segmentations include Substrates, Encapsulation, Anode, Cathode, Emissive Layer (EML), Electron Transport Layer (ETL), Hole Injection Layer (HIL), and Others, By Application segmentations include Display and Lighting. However, the end users such as hospitals and ASCs, clinics and others.

The Asia Pacific region lead the organic light emitting diode materials market by benefitting a market size of USD 0.46 billion in 2022 due to rising electronics industry demand driven by product's energy-efficient features.

The top players in the market play a crucial role in the chemicals & advanced industry assuring industrial prospectus growth and setting market standards. These players include, Idemitsu Kosan Co.,Ltd. (Japan), Toray Industries (Japan), Solus Advanced Materials (South Korea), UNIVERSAL DISPLAY (U.S.), Novaled GmbH (Germany), DUPONT (U.S.), LT MATERIALS (South Korea), DUSKAN NEOLUX (South Korea), SAMSUNG SDI (South Korea), JiLin OLED Material Tech Co., Ltd (China) these market players provide a level-playing competitive landscape.

In August 2023, Idemitsu Kosan Co., Ltd. declared that, with the use of a new light emission technology, the company had achieved outstanding performance in blue organic light emitting diodes. The organization anticipates that this accomplishment will open up new commercial opportunities from the end-users.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2017-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2017-2021

Growth Rate CAGR of 13.6% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type

Substrates

Encapsulation

Anode

Cathode

Emissive Layer (EML)

Electron Transport Layer (ETL)

Hole Injection Layer (HIL)

Others

By Application

Display

Lighting

By Geography

North America (By Type, By Application, and By Country)

U.S. (By Application)

Canada (By Application)

Europe (By Type, By Application, and By Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Rest of Europe (By Application)

Asia Pacific (By Type, By Application, and By Country)

China (By Application)

Japan (By Application)

India (By Application)

South Korea (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Type, By Application, and By Country)

Brazil (By Application)

Mexico (By Application)

Rest of Latin America (By Application)

Middle East & Africa (By Type, By Application, and By Country)

GCC (By Application)

South Africa (By Application)

Rest of the Middle East & Africa (By Application)


Please Note: It will take 5-6 business days to complete the report upon order confirmation.