PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477169
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477169
Display Dielectric Material Market size was valued at USD 54,108.79 million in 2023, expanding at a CAGR of 9.0% from 2024 to 2032.
The display dielectric material market involves materials used in displays to insulate and control electrical properties, essential for optimal performance in technologies like LCDs, OLEDs, and microLEDs. The demand for high-resolution and energy-efficient displays, as well as the emergence of flexible and foldable displays, is raising the usage of display dielectric materials. In contrast, high material costs and integration complexities may hinder market growth. However, opportunities lie in developing innovative dielectric materials to enhance display performance and manufacturing efficiency.
Display Dielectric Material Market- Market Dynamics
Rising demand for displays fuels the growth of the display dielectric material market
The rising demand for displays, particularly LCD and OLED technologies, is fueling significant growth in the display dielectric material market. Consumers are utilizing 7-8% of the global display primarily in Mobile, TV, and IT hardware products Furthermore, display for VR applications is expected to grow 67.4% in 2023. This growth is driven by the increasing adoption of advanced display technologies across various applications. OLED displays are widely used in smartphones, televisions, and wearable devices, leading to a higher demand for specialized dielectric materials that enhance performance and reliability. The surge in display technology adoption underscores the critical role of dielectric materials in enabling the development of next-generation displays that meet evolving consumer demands for quality and functionality.
Display Dielectric Material Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 9.0% over the forecast period (2024-2032)
Based on Technology segmentation, OLED was predicted to show maximum market share in the year 2023
Based on Material Type segmentation, Calcium Titanate was the leading type in 2023
based on region, North America was the leading revenue generator in 2023
The Global Display Dielectric Material Market is segmented based on Technology, Material Type, Application, and Region.
The market is divided into seven categories based on Technology: OLED Technology, TFT-LCD Technology, LCD Technology, LED-LCD Technology, Plasma Technology, DLP Technology, and LCoS Technology. OLED Technology is at the forefront due to its efficiency and vibrant displays. TFT-LCD Technology follows closely, known for its widespread use in televisions and computer monitors. LCD Technology and LED-LCD Technology also hold significant market share, favored for their energy efficiency and versatility. Plasma Technology, DLP Technology, and LCoS Technology cater to niche segments but contribute to diverse display options.
The market is divided into four categories based on Material Type: Calcium Titanate, Magnesium Titanate, Barium Titanate, and Silicate. Barium Titanate dominates the market due to its excellent dielectric properties suitable for capacitors and electronic components. Silicate follows closely, valued for its versatility and compatibility with various display technologies. Calcium Titanate and Magnesium Titanate also contribute to the market, offering specific properties for specialized applications.
Display Dielectric Material Market- Geographical Insights
Asia Pacific holds a dominant position in the market, driven by the presence of major electronics manufacturers in countries like China, South Korea, and Japan. These countries are hubs for display production and witness substantial demand for advanced dielectric materials used in LCDs, OLEDs, and other display technologies. Key manufacturers in this region include Nitto Denko Corporation (Japan), LG Chem (South Korea), and Samsung SDI Co., Ltd. (South Korea). Furthermore, North America and Europe also contribute significantly to the market, fueled by technological advancements and the presence of leading display manufacturers. Notable manufacturers in North America include 3M (US) and Corning Incorporated (US). Moreover, emerging economies in Latin America and the Middle East & Africa are experiencing growing adoption of display technologies, which is expected to drive demand for dielectric materials in these regions.
Companies such as Merck Group, Dow Chemical Company, and Shin-Etsu Chemical Co., Ltd. are prominent in this market, leveraging their expertise in materials science and display technologies. These companies invest heavily in research and development to introduce new dielectric materials that enhance display performance and enable the development of advanced display technologies like OLEDs and micro-LEDs. Strategic collaborations with display manufacturers and technology developers are also common strategies to expand market reach and drive innovation. The competitive dynamics of the market are shaped by continuous technological advancements, product innovation, and partnerships aimed at meeting the evolving demands of the display industry for higher resolution, flexibility, and energy efficiency.
In January 2023, Laird PLC acquired Epcos AG, a German manufacturer of passive electronic components. This acquisition will give Laird a stronger foothold in the market for dielectric materials used in wireless communication networks.
In December 2022, DuPont Electronics & Industrial, launched a novel photo-imageable dielectric (PID) dry film material within their CYCLOTENE(TM) advanced electronics resins line. This innovative product is tailored for advanced semiconductor packaging applications, marking an expansion of DuPont's offerings in this sector.
GLOBAL DISPLAY DIELECTRIC MATERIAL MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Kent Displays
LG Display
Precision Materials
Schott AG
Kolon Industries
Honeywell Electronics Materials
Plextronics
BASF
Corning Incorporated
Dupont Display
NEC Display Solutions
Samsung Display Solutions
Samsung Corning
Photonics
Polyera Corporation
Plastic Logic
Merck Performance Materials
Tecnisco
Materion Corporation
Novaled AG
Others