OLED Encapsulation Materials Market size was valued at USD 245.2 Mn. in 2022 and the total OLED Encapsulation Materials revenue is expected to grow by 27.3 % from 2023 to 2029, reaching nearly USD 1328.4 Mn.
Market Overview:
This OLED Encapsulation Materials market study looks at current and emerging industry trends and dynamics in the global OLED Encapsulation Materials market. OLED Encapsulation Materials Extensive market forecasting for the major market segments is carried out between 2022 and 2029. Extensive OLED Encapsulation Materials market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide OLED Encapsulation Materials market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present OLED Encapsulation Materials market landscape, as well as the most recent trends and drivers, as well as an overview of the entire OLED Encapsulation Materials market environment. Increased demand for OLED Encapsulation Materials is driving the market. The OLED Encapsulation Materials market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
According to the distribution channel, the market was led by the display maker segment in 2022 and is predicted to remain so for the duration of the forecast. OLED encapsulation materials are driven mostly by manufacturers, who are in charge of producing OLED displays for a variety of goods, including laptops, televisions, smartphones, wearable technologies, and automotive displays. As OLED displays gain more acceptance and popularity, there is a greater need for premium encapsulating materials to protect these screens. To guarantee OLED display longevity and performance, display producers need encapsulation materials that provide strong barriers against moisture and oxygen infiltration.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Samsung SDI Co., Ltd.
2. LG Chem Ltd.
3. Universal Display Corporation
4. Merck KGaA
5. DuPont de Nemours, Inc.
6. Idemitsu Kosan Co., Ltd.
7. Dow Chemical Company
8. Kateeva, Inc.
9. Toray Industries, Inc.
10. Nitto Denko Corporation
11. Novaled GmbH
12. Sumitomo Chemical Co., Ltd.
13. BASF SE
14. E. I. du Pont de Nemours and Company (DuPont)
15. Asahi Glass Co., Ltd.
16. Panasonic Corporation
17. Doosan Corporation
18. Konica Minolta, Inc.
19. Mitsubishi Chemical Corporation
20. Lumtec Co., Ltd.
21. Tokyo Chemical Industry Co., Ltd.
22. Toyo Ink SC Holdings Co., Ltd.
23. Hodogaya Chemical Co., Ltd.
24. Henkel AG & Co. KGaA
25. Showa Denko KK
26. BOE Technology Group
27. Visionox
28. Tianma Microelectronics
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the OLED Encapsulation Materials market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on OLED Encapsulation Materials Market:
The COVID-19 epidemic has had a significant impact on the global OLED Encapsulation Materials industry. OLED Encapsulation Materials Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the OLED Encapsulation Materials market to decelerate in 2020. The negative impact of COVID-19 on the OLED Encapsulation Materials market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for OLED Encapsulation Materials.
Key Questions Answered in the OLED Encapsulation Materials Market Report are:
- Which segment was responsible for the largest share in the OLED Encapsulation Materials market?
- How was the competitive scenario of the OLED Encapsulation Materials market in 2022?
- Which are the key factors responsible for the OLED Encapsulation Materials market growth?
- Which region held the maximum share in the OLED Encapsulation Materials market in 2022?
