Display Dielectric Material Market is All Set to Break $113.1 Billion Barrier Globally by 2032
PORTLAND, OR, UNITED STATES, June 27, 2023/EINPresswire.com/ — According to the report published by Allied Market Research, titled, “Global Display Dielectric Materials Market by Technology (LCD, LED, OLED, TFT-LCD, and Others), Application (Transparent, Conventional, 3D, and Flexible Display), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032”, the global display dielectric materials market generated $53.3 billion in 2022, and is anticipated to generate $113.1 billion by 2032, witnessing a CAGR of 7.8% from 2023 to 2032.
Prime Determinants of Growth
A steady increase in the demand for LCD and OLED displays has led, in turn, to an increase in demand for dielectric materials. This surge in demand is predicted to be one of the important factors driving the growth of the global display dielectric materials market in the forecast period from 2023 to 2032.
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Key Benefits For Stakeholders
• This display dielectric material industry 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.
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Technology: LED Sub-segment Projected to Hold Highest Share During the Forecast Period
The LED sub-segment accounted for the majority of display dielectric materials market share in 2022. There is an overall increase in the adoption of LED displays worldwide in sports events, concerts, as well as in retail, transportation, and hospitality sectors due to the various advantages offered by LED displays including high brightness, vibrant colors, and low power consumption.
Application: Conventional Sub-segment to Have a Significant Market Share by 2032
The conventional sub-segment of the display dielectric materials market accounted for the majority of market share in 2022. The increasing use of display dielectric materials in conventional displays like LCDs to improve their performance and colored accuracy is expected to drive the conventional sub-segment growth by 2032.
Region: Asia-Pacific Market to be the Fastest Growing by 2032
The Asia-Pacific region accounted for the highest market share in 2022 and is expected to continue its dominance during the forecast period. The growing sales of smartphones and laptops in countries, such as Japan, China, South Korea, and India has led to a surge in demand for display dielectric materials. This surge in demand is projected to help the display dielectric materials market in Asia-Pacific region to grow at a stunning rate of 8.3% by 2032.
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Leading Players in the Display Dielectric Materials Market:
• Corning Incorporated
• Nippon Chemical Industrial CO., LTD.
• DONGJIN SEMICHEM CO LTD.
• Merck KGaA
• SAKAI CHEMICAL INDUSTRY CO., LTD.
• Nitto Denko Corporation
• DuPont
• LG Chem
• ENF Technology
• SAMSUNG SDI CO., LTD.
The report provides a detailed analysis of the key players of the global display dielectric materials market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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