Dallas, TX -- (ReleaseWire) -- 04/02/2014 -- According to the new market research report "Display Materials Market by Material (Metal Oxide, a-Silicon, LTPS, PET, PEN, Photonic Crystals), Technology (OLED, LED, TFT-LCD, LED-LCD, Plasma, LCOS, DLP), Application (Conventional, 3D, Transparent, Flexible) & Geography - Global Forecast to 2013 - 2020", the Display Materials Market is projected to cross $50 Billion by 2020, growing at a moderate CAGR from 2013 to 2020.
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The analysis shows that the total display materials market is projected to reach market revenue worth $50.63 billion by 2020. In terms of the technological segments, materials for TFT-LCD displays accounted for the largest market revenue, worth $25.00 billion, while materials for plasma displays accounted for the least market share, in 2012. Moreover, OLED materials market is expected to grow at the highest CAGR from 2012 to 2020. In terms of the application segment, materials in conventional application sector accounted for the largest market revenue, while materials in the ‘transparent application’ sector recorded the least market revenue, in 2012. The APAC region commanded the largest market share in terms of revenue. However, Asia-Pacific and ROW are likely to grow at the highest CAGR.
Browse more than 44 market data tables with 51 figures spread through 264 pages and in-depth TOC on "Display Materials Market"
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The key trends which have emerged in the display materials market are; the increasing popularity of consumer electronics display products like TVs, laptops, smartphones, tablets and the likes; technological innovations within the materials, for the introduction of different display products that exhibit the flexibility, fold-ability, and roll-ability properties. One of the factors that are adversely affecting the growth of the materials market is the difficulty faced in the manufacturing and fabrication process of the new emerging display technologies. The market is growing, globally; this increasing thrust on the display materials presents vast opportunities for players across the value chain. The market has been segmented as discussed below:
The last decade witnessed a well-paced transformation in the display technology market. Displays have evolved from CRT to Plasma Display (PDP), and from PDP to LCD and LED. The latest display type is OLED. In the last quarter of 2013, the flexible display smartphones have hit the market; with tablets to follow soon after. Laptops and TVs are also expected to follow the trend of smartphones and tablets, while OLED-based televisions have also been introduced by electronics manufacturing giants such as Samsung and LG. All these developments have created demand for better and more stable materials to be used in these displays. The use of IGZO (Indium Gallium Zinc Oxide) and photonic crystals is an example.
The characteristics and features of some of the emerging displays, such as flexible, rollable and bendable displays, are acting as the biggest drivers for the dielectric materials market. This emerging display market possesses some of the most unique distinct features such as sleekness, rollability/flexibility, and ruggedness, and thus, these displays can be utilized in most of the industries.
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