According to the global OLED Materials market report by IMARC Group, the market reached a value of US$ 16.17 Billion in 2021, and it is projected to reach a value of US$ 59.97 Billion by 2027, exhibiting a 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.

Industry Definition and Application:

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.

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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.

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