Global OLED Materials Market to Reach USD 140.1 Billion by 2033, Impelled by Surging Sales of Consumer Electronics

November 20, 2024 | Chemical & Materials

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The latest report by IMARC Group, titled “OLED Materials Market Report by Type (Substrates, Encapsulation, Anode, Hole Injection Layer (HIL), Hole Transport Layer (HTL), Electron Transport Layer (ETL), Emissive Layer (EML), Cathode), Application (Display, Lighting), End Use (Residential Products, Commercial Products, Industrial Products), and Region 2025-2033,” finds that the global OLED materials market size reached USD 29.7 Billion in 2024. Organic light-emitting diode (OLED) materials are lightweight and flexible organic materials stacked in multiple layers to manufacture OLEDs. They are evaporated to fabricate OLED displays, which consist of several thin organic layers between two electrodes. Some commonly used OLED materials include electron transport materials (ETM), hole transport materials (HTM), hole injection materials, matrix materials, emitter materials, and hole and electron blocking materials. They are utilized for vaporization on glass or flexible substrates and emit light when an electric field is applied to OLED devices. They provide bright colors, fast motion, enhanced image quality, and very high contrast to displays. As a result, OLED materials are widely used to manufacture display panels for electronic devices, including smartphones, television screens, computer monitors, handheld game consoles, and personal digital assistants (PDAs).

Global OLED Materials Market Trends:

The surging sales of consumer electronics, such as laptops, smartphones, LED TVs, computers, and printers, represent the primary factor driving the market growth. Moreover, due to their high bandwidth, the growing usage of fixed wireless devices to maintain connectivity in remote regions without the need for long cable wires has augmented the demand for OLED materials. Additionally, there has been a significant rise in awareness regarding the benefits of OLED displays over liquid crystal displays (LCDs). In line with this, the increasing applications of OLED materials in automotive lighting and the escalating demand for SUVs have accelerated product adoption rates. Besides this, the expanding automotive sector, coupled with the rising production and sales of passenger vehicles and electric vehicles (EVs), is positively influencing the market growth. Furthermore, the leading manufacturers are engaging in research and development (R&D) activities to fabricate white OLEDs with a longer shelf life for solid-state lighting applications. Along with this, the widespread adoption of OLED lighting in commercial spaces as an alternative to existing lighting systems to lower energy consumption has propelled market growth. Other factors, including the rising preferences for better viewing experiences, emerging applications in augmented reality (AR) and virtual reality (VR) headsets, and rapid advancements in OLED technology, are also providing a positive impact on the market growth. Looking forward, IMARC Group expects the market value to reach USD 140.1 Billion by 2033, growing at a CAGR of 18.8% during 2025-2033.

Market Summary:

Based on the type, the market has been divided into substrates, encapsulation, anode, hole injection layer (HIL), hole transport layer (HTL), electron transport layer (ETL), emissive layer (EML), and cathode.
On the basis of the application, the market has been bifurcated into display (television and monitors, smartphones, notebooks and tablets, automotive, and others) and lighting.
The market has been classified based on the end use into residential, commercial, and industrial products.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being DuPont de Nemours Inc., Heraeus Holding GmbH, Hodogaya Chemical Co. Ltd., Idemitsu Kosan Co. Ltd., LG Chem Ltd., Merck KGaA, Samsung SDI Co. Ltd., Sumitomo Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd., and Universal Display Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Application, End Use, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	DuPont de Nemours Inc., Heraeus Holding GmbH, Hodogaya Chemical Co. Ltd., Idemitsu Kosan Co. Ltd., LG Chem Ltd., Merck KGaA, Samsung SDI Co. Ltd., Sumitomo Chemical Co. Ltd., Tokyo Chemical Industry Co. Ltd. and Universal Display Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global OLED Materials Market to Reach USD 140.1 Billion by 2033, Impelled by Surging Sales of Consumer Electronics

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