Next-Generation Display Materials Market is expected to grow at a CAGR of 7.10% during 2021-2026

DELTA, British Columbia - May 24, 2021 - PRLog -- Next-Generation display materials are an upgrade to LCD & plasma technology that consumes lower energy. The continuous advancements in the technological sector enable Next-Generation displays to support the progress of the existing technology and deliver upgrades while maintaining the evolution of tools.

According to the MarkNtel Advisors' research report, "Global Next-Generation Display Materials Market Analysis, 2021," the market is likely to grow at a CAGR of 7.10% during 2021-26. Next-Generation Display Materials offer numerous features, including multiple video screens, mainframe monitors, etc., owing to their exceptional thermal durability, thereby fueling the overall market growth astronomically.

Impact Of COVID-19

The COVID-19 outbreak had a severe impact on the market. The lockdown imposition and restrictions by the government massively hampered the entire trade chain, leading to a halt on the transportation of goods across regions, further causing substantial losses to various high-tech players. However, with the gradual upliftment of restrictions and resumption in trade services, the market is likely to get back on its usual pace in the forecast period.

Key questions answered in the study
1.    What are the current and future trends in the Global Next-Generation Display Materials Market?
2.    How has the industry been evolving in terms of geography and services adoption?
3.    How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for the Global Next-Generation Display Materials Market?
5.    What are the customer orientation, purchase behavior, and expectations from the Global Next-Generation Display Materials Market service providers across various regions?

Emitter & Organic Layer Acquired the Largest Market Share
Based on the material, the market segments include Emitter & Organic layer, Backlighting Unit, Substrate, Color Filter, Polarizer, Liquid Crystals, and Encapsulation. Among these segments, Emitter & Organic layer held the largest market share in the previous few years. There is a flooding demand to provide better image quality, higher brightness, better contrast, an extensive color range, and a fuller viewing angle in OLEDs. Hence, the overall market growth is likely to surge exponentially in the coming years.

According to MarkNtel Advisors, the major leading players in the Global Next-Generation Display Materials Market are Toray Industries, Idemitsu Kosan Co., Ltd., Inc., Samsung SDI Co., Novaled, Nanosys, Universal Display Corporation, Nanoco Group PLC, Quantum Materials Corporation, Doosan Corporation, PPG Industries, Inc., and DuPont Inc.

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