According to new report by MarketsandMarkets, the Display Materials Market is projected to cross $50.63 Billion by 2020

The market of consumer electronics display products is thriving, currently, and is expected to grow further, with the advancements in the display material technologies. Products such as smart phones, laptops, tablets, and TVs are garnering a very high demand from the consumers’ perspective; this demand directly impacts the ever-increasing demand for the materials associated with these products. There are various materials that are incorporated into the display panels, which contribute to the diverse features of the display, such as defining the display’s resolution, feasibility, resistance to temperature and moisture, aspect ratio, thickness, and the likes. The report describes the materials with respect to the components that are used in the display panels. The display materials that are used in the display panels can be stated as electrode materials, substrate materials, and encapsulation materials.

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 display 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.

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