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Display Dielectric Materials Market, by Technology

RA00156

Display Dielectric Materials Market, by Technology (LCD, LED, OLED, TFT-LCD,LCOS, DLP, Display, and Plasma), Application (Transparent, Conventional, 3D, Flexible Display), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00156

Pages: 125

Apr 2020

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Global Display Dielectric Materials Market Insights 2026:

According to Market report by Research Dive, the Global Display Dielectric Materials Market forecast will reach $88,004.9 million by 2026, at a CAGR of 7.9%, increasing from $47,900.0 million in 2018.Asia-Pacific region had thelargest market share in 2018 and is anticipated to continue its growth in the forecast time. The North America regional market accounted for second spot in the global market and is estimated to account for $21,033.2 million in 2026 at a CAGR of 8.6% throughout the forecast time.

A dielectric material is a non-conductor of electricity and these materials can be extremely polarized with the help of electric field to store electric charge. When dielectric materials are placed in an applied electric field, electricity does not pass through the materials but electric charge in dielectric material can shift from equilibrium position; this displacement is called electrical polarization. Dielectric materials have electric dipole moment permanently, which is a unit that can separate the negative and positive charges by a small distance. Dielectrics are majorly used in display applications such as LCD, LED, OLED and others.

Driving Forces: Rising demandfor advanced displays and distinctive features of advanced displays are major diving factors for the growth of the global display dielectric materials market

Display Dielectric Materials MarketDrivers: The rapid growth in advanced displays demand for consumer electronics applications and unique features of emerging dielectric displays are significantly driving the display dielectric materials market growth. Furthermore, the key market trends which have developed in the display dielectric material market including the growing adoption of electronics display products such as televisions, mobile phones, laptops, tablets and other products are also contributing to the growth of the market. Moreover, wide usage of dielectric displays for various applications by end users as a promotional and advertising tool to display and promote products will also boost the market size in the coming years.

Cost of advanced displays and price of raw material are restraining the growth of Display Dielectric Materials Market

High cost of advanced materials and price volatility of the raw materials are major restraints for the display dielectric materials market growth. Also, lack of skilled labor for the production of advanced displays and high prices of the emerging products are estimated to restrict the growth of the market.

Technical advancements in product manufacturingcoupled with emerging enhanced displays are giving significant investment opportunities for the growth of theDisplay Dielectric Materials Market

Rapid growth in the adoption of OLED and Quantum Dot LCD displays is projected to create ample amount of revenue generating opportunities in the display dielectric materials market. In addition, continuous technical advancements in dielectric displays are also anticipated to propel the market growth in the coming years. Moreover, emerging dielectric display technologies and enhanced displays like micro LED, LCOS and TFT-LCD will further drive the market size in the future times.

LED technology segment accounted for highest display dielectric materials market size in 2018; it was valued at $8,622.0 million and is projected to reach $18,261.0 million till 2026. This growth is majorly because of switch growth towards LED displays due its enormous benefits such as enhanced appearance, slim screen with glossy design, produces flicker free pictures which minimizes headaches, eyestrains and eye fatigue. Due to these benefits, most of the consumers are preferring LED based display products, which is further projected to enhance the growth of the market. Along with LED, LCD technology type generated the second largest market share in the previous years and is anticipated to account for $15,048.8 million by 2026. This growth is due to wide usage of LED displays in consumer electronics.

Conventional display application held a significant market size in 2018; it was valued over $27,159.3 million and is projected to generate a revenue of $48,490.7 million by the end of 2026. This command on market size is accredited to wide usage of dielectric displays for conventional purposes such as advertising screens, promotional tools, electronic screens and other applications. 3D displays application is anticipated to grow at remarkable growth rate and is projected grow at a rate of 8.6% CAGR during the forecast time. This is majorly owing to growing trend of 3D technology and manufacturers thereby adopting 3D technology in the dielectric displays to produce enhanced vision. Due to this adoption, the market for 3D display is anticipated to account for $18,657.0 million till the end of 2026.

North America region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific region commanded the majority of global display dielectric materials market share, which was 32.1% in 2018 and is anticipated to continue its dominance over the global market in the coming years. This dominance is majorly owing to the presence of numerous manufacturing facilities in the developing countries including China and India in the Asia-Pacific region. In addition, presence of large manufacturers in the Japan and China and leading manufacturers of electronics in the world along with growing consumer preference of advanced display systems are projected to boost the market growth in the Asia-Pacific region. 

North America has accounted for second spot in the global display dielectric materials market; it was valued over $18,873.3 million and is projected to generate a revenue of $21,033.2 million by the end of 2026. This growth is because of increasing adoption of dielectric displays for home appliances, mobiles and other consumer electronics. Also, rising consumer preference towards dielectric displays for marketing, advertising and other applications is anticipated to drive the market size in the estimated time.
 

The major key players in the global display dielectric materials market are LG Chem, Corning, UNIVERSAL DISPLAY, Asahi India Glass Limited, DuPont, DIC CORPORATION, JSR Corporation, SAMSUNG SDI CO., LTD, Sumitomo Chemical Co., Ltd, NITTO DENKO CORPORATION, Merck KGaK, Idemitsu Kosan Co., Ltd, TORAY INDUSTRIES, INC. and Hodogaya Chemical Co., Ltd. These significant players are concentrating on product developments, new technology introductions, R&D activities and technological collaborations to gain a competitive edge. These are most frequent tactics followed by significant players to increase their market share in the overall display dielectric materials industry.

Porter’s Five Forces Analysis for Display Dielectric Materials Market:

  • Bargaining Power of Traders: This market has high number of large and small & medium sized traders and negotiating power is estimated to be high. The price variation between the traders is predicted to be high.
    The bargaining power of traders is HIGH.

  • Exchange Power of User: Display dielectric materials market has huge concentration of buyers and maintenance, and cost associated with advanced displays is very high. Also, growing disposal income of the consumer is generating ample opportunities for the products demand.
    The bargaining power of the buyer is HIGH.

  • Threat of New Participants: Huge investments are required for the manufacturing of dielectric displays and their products. Moreover, maintenance of skilled labor is also a difficult task for new entrants. However, growing consumer demand is creating healthy investment opportunities in the market.
    The threat of new participants isMODERATE.

  • Threat of Replacements: Thisproduct has a smallernumber of substitutes and delivers significant support for the display dielectric materials demand.
    The threat of replacements is LOW.

  • Competitive Rivalry in the Market: Display dielectric materials market contains huge number of significant players. These players are focusing on new technology introduction, product launches and mergers & acquisitions to command the global market share.
    The competitive opposition in the industry is HIGH.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology

 

  • LCD
  • LED
  • OLED
  • TFT-LCD
  • LCOS
  • DLP
  • Display
  • Plasma

  Segmentation by Application

 

  • Transparent
  • Conventional
  • 3D
  • Flexible Display

  Key Countries covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil,Argentina, GCC and Saudi Arabia

  Key Companies Profiled

  • LG Chem
  • Corning
  • UNIVERSAL DISPLAY
  • Asahi India Glass Limited
  • DuPont
  • DIC CORPORATION
  • JSR Corporation
  • SAMSUNG SDI CO.,LTD.
  • Sumitomo Chemical Co., Ltd
  • NITTO DENKO CORPORATION
  • Merck KGaK
  • Idemitsu Kosan Co.,Ltd
  • TORAY INDUSTRIES, INC.
  • Hodogaya Chemical Co., Ltd

FREQUENTLY ASKED QUESTIONS?
 

A. The global display dielectric materials market size was over $47,900.0million in 2018 and is further anticipated to reach $88,004.9million by 2026.

A. LG Chem, Asahi India Glass Limited, SAMSUNG SDI CO.,LTD., Sumitomo Chemical Co., Ltd and TORAY INDUSTRIES, INC. are some of the key players in the global display dielectric materials market.

A. North America possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. The North America market plant-based biologics Market is anticipated to grow at 8.6% CAGR during the forecast period.

A. Product development and joint ventures are the key strategies opted by the operating companies in this market.

A. LG Chem, Asahi India Glass Limited and SAMSUNG SDI CO.,LTD.are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Technology trends
2.3.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.By technology
3.8.2.By application

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors
3.9.5.4.Strategic overview

4.Display Dielectric Materials Market, by Technology

4.1.LCD

4.1.1.Market size and forecast, by region, 2018-2026
4.1.2.Comparative market share analysis, 2018 & 2026

4.2.LED

4.2.1.Market size and forecast, by region, 2018-2026
4.2.2.Comparative market share analysis, 2018 & 2026

4.3.OLED

4.3.1.Market size and forecast, by region, 2018-2026
4.3.2.Comparative market share analysis, 2018 & 2026

4.4.TFT-LCD

4.4.1.Market size and forecast, by region, 2018-2026
4.4.2.Comparative market share analysis, 2018 & 2026

4.5.LCOS

4.5.1.Market size and forecast, by region, 2018-2026
4.5.2.Comparative market share analysis, 2018 & 2026

4.6.DLP

4.6.1.Market size and forecast, by region, 2018-2026
4.6.2.Comparative market share analysis, 2018 & 2026

4.7.Display

4.7.1.Market size and forecast, by region, 2018-2026
4.7.2.Comparative market share analysis, 2018 & 2026

4.8.Plasma

4.8.1.Market size and forecast, by region, 2018-2026
4.8.2.Comparative market share analysis, 2018 & 2026

5.Display Dielectric Materials Market, by Application

5.1.Transparent

5.1.1.Market size and forecast, by region, 2018-2026
5.1.2.Comparative market share analysis, 2018 & 2026

5.2.Conventional

5.2.1.Market size and forecast, by region, 2018-2026
5.2.2.Comparative market share analysis, 2018 & 2026

5.3.3D
5.3.1.Market size and forecast, by region, 2018-2026
5.3.2.Comparative market share analysis, 2018 & 2026

5.4.Flexible Display

5.4.1.Market size and forecast, by region, 2018-2026
5.4.2.Comparative market share analysis, 2018 & 2026

6.Display Dielectric Materials Market, by Region

6.1.North America

6.1.1.Market size and forecast, by technology, 2018-2026
6.1.2.Market size and forecast, by application, 2018-2026
6.1.3.Market size and forecast, by country, 2018-2026
6.1.4.Comparative market share analysis, 2018 & 2026
6.1.5.U.S.

6.1.5.1.Market size and forecast, by technology, 2018-2026
6.1.5.2.Market size and forecast, by application, 2018-2026
6.1.5.3.Comparative market share analysis, 2018 & 2026

6.1.6.Canada

6.1.6.1.Market size and forecast, by technology, 2018-2026
6.1.6.2.Market size and forecast, by application, 2018-2026
6.1.6.3.Comparative market share analysis, 2018 & 2026

6.1.7.Mexico

6.1.7.1.Market size and forecast, by technology, 2018-2026
6.1.7.2.Market size and forecast, by application, 2018-2026
6.1.7.3.Comparative market share analysis, 2018 & 2026

6.2.Europe

6.2.1.Market size and forecast, by technology, 2018-2026
6.2.2.Market size and forecast, by application, 2018-2026
6.2.3.Market size and forecast, by country, 2018-2026
6.2.4.Comparative market share analysis, 2018 & 2026
6.2.5.Germany 

6.2.5.1.Market size and forecast, by technology, 2018-2026
6.2.5.2.Market size and forecast, by application, 2018-2026
6.2.5.3.Comparative market share analysis, 2018 & 2026

6.2.6.UK

6.2.6.1.Market size and forecast, by technology, 2018-2026
6.2.6.2.Market size and forecast, by application, 2018-2026
6.2.6.3.Comparative market share analysis, 2018 & 2026

6.2.7.France

6.2.7.1.Market size and forecast, by technology, 2018-2026
6.2.7.2.Market size and forecast, by application, 2018-2026
6.2.7.3.Comparative market share analysis, 2018 & 2026

6.2.8.Spain

6.2.8.1.Market size and forecast, by technology, 2018-2026
6.2.8.2.Market size and forecast, by application, 2018-2026
6.2.8.3.Comparative market share analysis, 2018 & 2026

6.2.9.Italy 

6.2.9.1.Market size and forecast, by technology, 2018-2026
6.2.9.2.Market size and forecast, by application, 2018-2026
6.2.9.3.Comparative market share analysis, 2018 & 2026

6.2.10.Rest of Europe

6.2.10.1.Market size and forecast, by technology, 2018-2026
6.2.10.2.Market size and forecast, by application, 2018-2026
6.2.10.3.Comparative market share analysis, 2018 & 2026

6.3.Asia Pacific

6.3.1.Market size and forecast, by technology, 2018-2026
6.3.2.Market size and forecast, by application, 2018-2026
6.3.3.Market size and forecast, by country, 2018-2026
6.3.4.Comparative market share analysis, 2018 & 2026
6.3.5.China

6.3.5.1.Market size and forecast, by technology, 2018-2026
6.3.5.2.Market size and forecast, by application, 2018-2026
6.3.5.3.Comparative market share analysis, 2018 & 2026

6.3.6.India 

6.3.6.1.Market size and forecast, by technology, 2018-2026
6.3.6.2.Market size and forecast, by application, 2018-2026
6.3.6.3.Comparative market share analysis, 2018 & 2026

6.3.7.Japan 

6.3.7.1.Market size and forecast, by technology, 2018-2026
6.3.7.2.Market size and forecast, by application, 2018-2026
6.3.7.3.Comparative market share analysis, 2018 & 2026

6.3.8.Australia 

6.3.8.1.Market size and forecast, by technology, 2018-2026
6.3.8.2.Market size and forecast, by application, 2018-2026
6.3.8.3.Comparative market share analysis, 2018 & 2026

6.3.9.Rest of Asia Pacific

6.3.9.1.Market size and forecast, by technology, 2018-2026
6.3.9.2.Market size and forecast, by application, 2018-2026
6.3.9.3.Comparative market share analysis, 2018 & 2026

6.4.LAMEA

6.4.1.Market size and forecast, by technology, 2018-2026
6.4.2.Market size and forecast, by application, 2018-2026
6.4.3.Market size and forecast, by country, 2018-2026
6.4.4.Comparative market share analysis, 2018 & 2026
6.4.5.Latin America 

6.4.5.1.Market size and forecast, by technology, 2018-2026
6.4.5.2.Market size and forecast, by application, 2018-2026
6.4.5.3.Comparative market share analysis, 2018 & 2026

6.4.6.Middle East 

6.4.6.1.Market size and forecast, by technology, 2018-2026
6.4.6.2.Market size and forecast, by application, 2018-2026
6.4.6.3.Comparative market share analysis, 2018 & 2026

6.4.7.Africa

6.4.7.1.Market size and forecast, by technology, 2018-2026
6.4.7.2.Market size and forecast, by application, 2018-2026
6.4.7.3.Comparative market share analysis, 2018 & 2026

7.Company profiles

7.1.LG Chem

7.1.1.Business overview
7.1.2.Financial performance
7.1.3.Product portfolio
7.1.4.Recent strategic moves & developments
7.1.5.SWOT analysis

7.2.Corning

7.2.1.Business overview
7.2.2.Financial performance
7.2.3.Product portfolio
7.2.4.Recent strategic moves & developments
7.2.5.SWOT analysis

7.3.UNIVERSAL DISPLAY

7.3.1.Business overview
7.3.2.Financial performance
7.3.3.Product portfolio
7.3.4.Recent strategic moves & developments
7.3.5.SWOT analysis

7.4.Asahi India Glass Limited

7.4.1.Business overview
7.4.2.Financial performance
7.4.3.Product portfolio
7.4.4.Recent strategic moves & developments
7.4.5.SWOT analysis

7.5.DuPont

7.5.1.Business overview
7.5.2.Financial performance
7.5.3.Product portfolio
7.5.4.Recent strategic moves & developments
7.5.5.SWOT analysis

7.6.DIC CORPORATION

7.6.1.Business overview
7.6.2.Financial performance
7.6.3.Product portfolio
7.6.4.Recent strategic moves & developments
7.6.5.SWOT analysis

7.7.JSR Corporation

7.7.1.Business overview
7.7.2.Financial performance
7.7.3.Product portfolio
7.7.4.Recent strategic moves & developments
7.7.5.SWOT analysis

7.8.SAMSUNG SDI CO.,LTD

7.8.1.Business overview
7.8.2.Financial performance
7.8.3.Product portfolio
7.8.4.Recent strategic moves & developments
7.8.5.SWOT analysis

7.9.Sumitomo Chemical Co., Ltd

7.9.1.Business overview
7.9.2.Financial performance
7.9.3.Product portfolio
7.9.4.Recent strategic moves & developments
7.9.5.SWOT analysis

7.10.NITTO DENKO CORPORATION

7.10.1.Business overview
7.10.2.Financial performance
7.10.3.Product portfolio
7.10.4.Recent strategic moves & developments
7.10.5.SWOT analysis

7.11.Merck KGaK

7.11.1.Business overview
7.11.2.Financial performance
7.11.3.Product portfolio
7.11.4.Recent strategic moves & developments
7.11.5.SWOT analysis

7.12.Idemitsu Kosan Co.,Ltd

7.12.1.Business overview
7.12.2.Financial performance
7.12.3.Product portfolio
7.12.4.Recent strategic moves & developments
7.12.5.SWOT analysis

7.13.TORAY INDUSTRIES, INC.

7.13.1.Business overview
7.13.2.Financial performance
7.13.3.Product portfolio
7.13.4.Recent strategic moves & developments
7.13.5.SWOT analysis

7.14.Hodogaya Chemical Co., Ltd

7.14.1.Business overview
7.14.2.Financial performance
7.14.3.Product portfolio
7.14.4.Recent strategic moves & developments
7.14.5.SWOT analysis

The dielectric materials are non-conductor of electricity, but an efficient supporter of electrostatic field. These materials can be extremely polarized with the help of electric field to store electric energy. When placed in an applied electric field these materials does not let the electricity pass through it. But electric charge in dielectric material can shift from equilibrium position, and this displacement is called electrical polarization. Dielectric materials have electric dipole moment permanently, which is a unit that can separate the negative and positive charges by a small distance.

Uses of Dielectric Materials in Various Applications

As per Research Dive blog,  the dielectric materials are of two types - polar and nonpolar dielectric materials. Some of the uses of dielectrics in many applications are:

  • The dielectric materials are used for energy storage in capacitors.

  • The highly polarized dielectric materials are also used to improve the performance of semiconductor device.

  • Dielectrics are majorly used in display applications such as LED, LCD, OLED and others.

  • The thin films of barium strontium titanate are dielectric which provides low leakage current and high tenability as they are used in microwave tunable devices.

  • In industrial coatings, parylene acts as a barrier between the external environment and substrate.

  • Mineral oils are used as dielectric liquids in the electrical transformers to help in the cooling process.

A specifically processed dielectric material, electrets, used as an electrostatic equivalent to magnets.

Recent Developments in the Industry

The demand for dielectric materials has grown progressively as the displays used for tablets and smartphones have evolved from normal screens to high definition screens. The shift from TFT screens to OLED displays is a clear indication of the major role dielectric materials are playing in displays industry. The research, technological innovations, and the fabrication processes of the displays and materials, all, together, have geared the growth of display dielectric materialsmarket.

In August 2019,Luumii, a joint venture between Koja (Cayman) Co. Ltd. and Rohinni LLC, announced mass production of their mini and micro LED-based solutions for logo lighting and computer keyboard backlights. Currently, the production output of Luumii at their manufacturing facility at Suzhou is approximately 40,000 units per month. The company is now targeting 100,000 units per month by the end of the year.

The Wall, a 166” micro LED display by Samsung was demonstrated at CES in 2018. In July 2018, the company announced plans on presenting a microLED TV with 4K to consumer market in 2019.Later on in October 2019, the shipments of The Wall Luxury had begun.

Forecast Analysis Display Dielectric Materials Market

Global display dielectric materials market is estimated to witness a positive growth during the forecast period. Rapid growth in the adoption of Quantum Dot LCS displays and OLED is anticipated to drive the demand for the global market from 2019 to 2026. In addition, continuous technical advancements in dielectric displays are also predicted to propel the market growth in the coming years. However, price of raw material and cost of advanced displays are considered to be major factors restricting the growth of display dielectric materials market.

Distinctive features and rising demand for advanced displays are significant factors gearing thethe growth of global market in the near future. As per Research Dive report statistics, the global display dielectric materials market is likely to reach up to $88,004.9 million by the end of 2026. Geographically, the Asia Pacific duty free retailing market is likely to dominate the industry owing to the presence of numerous manufacturing facilities in the developing countries including China and India. In addition, the report profiles prominent players operating in the global industry who are focusing more on R&D activities and product development to enhance their market size in the global display dielectric materials industry.

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