The global dielectric display materials market is envisioned to garner $113.1 billion by 2032, growing from $53.3 billion in 2022 at a CAGR of 7.8% from 2023 to 2032.
A display dielectric is used in electronic displays Including liquid crystal displays (LCDs) and organic light-emitting diode (OLED) displays. Providing physical insulation for the display is the main function of the display dielectric material. Dielectric materials can store electrical energy in an electric field and have a high electrical resistance. A display's dielectric material aids in the control of the electric fields used to illuminate the pixels. This produces high-quality photos as a result.
Ceramics, liquid crystals, paper, mica, dielectric gases, etc. are some of the types of the dielectric materials. The performance requirements and manufacturing process, among other factors, influence the choice of dielectric materials used in displays. Breakdown voltage, dielectric constant, dielectric polarization, and thermal stability are the main properties of dielectric materials. Development of novel dielectric materials with enhanced capabilities to support cutting-edge display technology is the objective of dielectric materials research.
One of the key factors propelling the market for display dielectric materials is the rising demand for LCD and OLED displays. The need for dielectric materials rising along with the demand for LCDs and OLEDs. Dielectric materials are crucial in the production of LCDs, OLEDs, LEDs, and other display types. The need for dielectric materials is expanding as a result of the growing demand for high-resolution screens with accurate color and good clarity. High dielectric constant and low loss tangent dielectric materials are being used in highly sensitive and precise touch screen capacitive displays. The rising popularity of flexible screens is another factor driving the demand for dielectric materials that can resist high temperatures and provide improved insulation.
Despite the display industry's growing need for dielectric materials, some significant obstacles may restrain market expansion. The high price of dielectric materials, which can prevent their usage in mass production, is one such significant impediment. Furthermore, it is challenging to source dielectric materials with the properties required for the creation of cutting-edge display technologies.
Due to the growing need for cutting-edge displays, there are ample opportunities in the market for display dielectric materials. Dielectric materials that can endure repeated bending and stretching without losing their properties are in higher demand. The development of 5G technology, which requires the use of dielectric materials with high dielectric constant and low loss tangents, is also expected to offer ample growth opportunities. It is also anticipated that technological developments, such as the creation of energy-efficient displays, would open up new possibilities for investments in the display dielectric materials market.
The COVID-19 pandemic has had significant impact on the market for dielectric display materials. As a result of the COVID-19 outbreak's uncertainties, several businesses around the world experienced serious financial losses. The market for display dielectric materials was moderately impacted by the pandemic. Due to a drop in consumer electronics demand during the early months of the outbreak, there was less of a demand for dielectric materials. The demand for the dielectric materials used in the displays was also hampered by supply chain issues, the closure of manufacturing facilities, and a global economic recession. But due to the outbreak, many people chose to work remotely. As a result, there was a noticeable rise in the demand for smartphones and laptops. The demand for dielectric materials used in display applications consequently rose.
The key players profiled in this report Include Corning Incorporated, Merck KGaA, DuPont, SAMSUNG SDI CO., LTD., Nippon Chemical Industrial CO., LTD., SAKAI CHEMICAL INDUSTRY CO., LTD., LG Chem, DONGJIN SEMICHEM Co. Ltd., Nitto Denko Corporation, and ENF Technology. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.
A display dielectric is used in electronic displays Including liquid crystal displays (LCDs) and organic light-emitting diode (OLED) displays. Providing physical insulation for the display is the main function of the display dielectric material. Dielectric materials can store electrical energy in an electric field and have a high electrical resistance. A display's dielectric material aids in the control of the electric fields used to illuminate the pixels. This produces high-quality photos as a result.
Ceramics, liquid crystals, paper, mica, dielectric gases, etc. are some of the types of the dielectric materials. The performance requirements and manufacturing process, among other factors, influence the choice of dielectric materials used in displays. Breakdown voltage, dielectric constant, dielectric polarization, and thermal stability are the main properties of dielectric materials. Development of novel dielectric materials with enhanced capabilities to support cutting-edge display technology is the objective of dielectric materials research.
One of the key factors propelling the market for display dielectric materials is the rising demand for LCD and OLED displays. The need for dielectric materials rising along with the demand for LCDs and OLEDs. Dielectric materials are crucial in the production of LCDs, OLEDs, LEDs, and other display types. The need for dielectric materials is expanding as a result of the growing demand for high-resolution screens with accurate color and good clarity. High dielectric constant and low loss tangent dielectric materials are being used in highly sensitive and precise touch screen capacitive displays. The rising popularity of flexible screens is another factor driving the demand for dielectric materials that can resist high temperatures and provide improved insulation.
Despite the display industry's growing need for dielectric materials, some significant obstacles may restrain market expansion. The high price of dielectric materials, which can prevent their usage in mass production, is one such significant impediment. Furthermore, it is challenging to source dielectric materials with the properties required for the creation of cutting-edge display technologies.
Due to the growing need for cutting-edge displays, there are ample opportunities in the market for display dielectric materials. Dielectric materials that can endure repeated bending and stretching without losing their properties are in higher demand. The development of 5G technology, which requires the use of dielectric materials with high dielectric constant and low loss tangents, is also expected to offer ample growth opportunities. It is also anticipated that technological developments, such as the creation of energy-efficient displays, would open up new possibilities for investments in the display dielectric materials market.
The COVID-19 pandemic has had significant impact on the market for dielectric display materials. As a result of the COVID-19 outbreak's uncertainties, several businesses around the world experienced serious financial losses. The market for display dielectric materials was moderately impacted by the pandemic. Due to a drop in consumer electronics demand during the early months of the outbreak, there was less of a demand for dielectric materials. The demand for the dielectric materials used in the displays was also hampered by supply chain issues, the closure of manufacturing facilities, and a global economic recession. But due to the outbreak, many people chose to work remotely. As a result, there was a noticeable rise in the demand for smartphones and laptops. The demand for dielectric materials used in display applications consequently rose.
The key players profiled in this report Include Corning Incorporated, Merck KGaA, DuPont, SAMSUNG SDI CO., LTD., Nippon Chemical Industrial CO., LTD., SAKAI CHEMICAL INDUSTRY CO., LTD., LG Chem, DONGJIN SEMICHEM Co. Ltd., Nitto Denko Corporation, and ENF Technology. The market players are continuously striving to achieve an upper hand in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the display dielectric material market analysis from 2022 to 2032 to identify the prevailing display dielectric material market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the display dielectric material market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global display dielectric material market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- LCD
- LED
- OLED
- TFT-LCD
- Others
By Application
- Transparent
- Conventional
- 3D
- Flexible Display
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Corning Incorporated
- Merck KGaA
- DuPont
- SAMSUNG SDI CO.,LTD.
- Nippon Chemical Industrial CO., LTD.
- SAKAI CHEMICAL INDUSTRY CO.,LTD.
- LG Chem
- DONGJIN SEMICHEM Co. Ltd.
- Nitto Denko Corporation
- ENF Technology
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DISPLAY DIELECTRIC MATERIAL MARKET, BY TECHNOLOGY
CHAPTER 5: DISPLAY DIELECTRIC MATERIAL MARKET, BY APPLICATION
CHAPTER 6: DISPLAY DIELECTRIC MATERIAL MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Display Dielectric Material Market,' The display dielectric material market was valued at $53.33 billion in 2022, and is estimated to reach $113.1 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.Display dielectric material market growth has been influenced by the rising demand for consumer electronics such as laptops, TVs, and smartphones. Display dielectric materials are important materials in the manufacturing of displays that can help improve the performance, durability, and energy efficiency of displays. Displays can be made more resilient to scuffs, collisions, and other types of damage with the help of dielectric materials. Dielectric materials can be employed with LCD and OLED displays, among other display technologies as they are adaptable and versatile for a variety of uses. Overall, display dielectric materials have numerous advantages that can boost a display's functionality, robustness, and energy efficiency while also acts as display insulator.
Electronic displays, such as liquid crystal displays (LCDs) and organic light-emitting diode (OLED) displays, employ a display dielectric. The primary purpose of the display dielectric material is to physically insulate the display. Dielectric materials have a high electrical resistance and the ability to store electrical energy in an electric field. The dielectric substance used in displays helps regulate the electric fields that illuminate the pixels. As a result, high-quality photographs are created.
Some examples of dielectric materials are ceramics, liquid crystals, paper, mica, dielectric gases, etc. The selection of dielectric materials used in displays is influenced by a number of factors, including the production process and performance requirements. Dielectric materials' primary characteristics are breakdown voltage, dielectric constant, dielectric polarisation, and thermal stability. The goal of dielectric materials research is the creation of innovative dielectric materials with improved properties to support cutting-edge display technologies.
The growing demand for LCD and OLED displays is one of the major drivers of the display dielectric material industry. As the demand for LCDs and OLEDs increases, so does the requirement for dielectric materials. For the creation of LCDs, OLEDs, LEDs, and other display types, dielectric materials are essential. The demand for high-resolution screens with correct colour and exceptional clarity is driving an increase in the demand for dielectric materials. Highly sensitive and accurate touch screen capacitive displays use high dielectric constant and low loss tangent dielectric materials. Another element driving demand for dielectric materials with greater insulation and high temperature resistance is the growing appeal of flexible screens.
Despite the expanding demand for dielectric materials from the display industry, some important barriers may prevent market growth. One such significant barrier is the high cost of dielectric materials, which can limit their use in large production. Additionally, it is difficult to find dielectric materials with the qualities needed to develop cutting-edge display technology.
The global display dielectric materials market share is segmented based on technology, application, and region. By technology, it is classified into LCD, LED, OLED, TFT-LCD, and others. By application, it is classified into transparent, conventional, 3D, and flexible displays. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the display dielectric material market trends report include Corning Incorporated, Merck KGaA, DuPont, SAMSUNG SDI CO.,LTD., Nippon Chemical Industrial CO., LTD., SAKAI CHEMICAL INDUSTRY CO.,LTD., LG Chem, DONGJIN SEMICHEM CO LTD., Nitto Denko Corporation, and ENF Technology.
The report offers a comprehensive analysis of the global display dielectric materials market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The display dielectric material market analysis report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of Covid-19 on the Global Display Dielectric Materials Industry
The COVID-19 outbreak has had a moderate impact on the development of display dielectric material market sizeOn the positive side, the pandemic augmented the remote work culture and online education, which led to increased demand for laptops, smartphones, and tablets. This, in turn, augmented the demand of display dielectric materials
However, the pandemic also disrupted supply chains and slowed down research and development activities of the dielectric materials
Key Findings of the Study
- Based on technology, the LED sub-segment emerged as the global leader in 2022 and OLED sub-segment is expected to grow with the highest CAGR during the forecast period.
- Based on application, the conventional sub-segment held the largest display dielectric material market share in 2022 and 3D sub-segment is predicted to have a fastest growth rate.
- Based on region, the Asia-Pacific market registered the highest market share in 2022 and is projected to show fastest growth during the forecast period.
Companies Mentioned
- Corning Incorporated
- Merck KGaA
- DuPont
- SAMSUNG SDI CO.,LTD.
- Nippon Chemical Industrial CO., LTD.
- SAKAI CHEMICAL INDUSTRY CO.,LTD.
- LG Chem
- DONGJIN SEMICHEM CO LTD.
- Nitto Denko Corporation
- ENF Technology
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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