OLED Material Market 2015 to grow at a CAGR of 21.5% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/21/2015 -- About OLED Material
OLEDs are organic materials-based diodes capable of producing light without needing a source of light for projection. The Global OLED Material market to grow at a CAGR of 21.5% over the period 2014-2019. OLEDs are used for two broad applications, namely lighting and displays, which work with the same principle. An OLED panel consists of organic material packed between conductor films, which produce light when electricity is passed through the films. LCD display is a prime substitute for OLEDs in displays. LCD display needs a backlight and filters to emit light, whereas OLED displays does not need these components. Also, OLED lightings are expected to be more power efficient than LEDs. OLED materials can be classified as small-molecule-based light emitting diode and polymer light emitting diodes.
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About the Report
According to new report, OLED technology offers many advantages over traditional display and lighting technologies, which is expected to be a primary driver for market growth over the forecast period.
"The many advantages of OLED technology are making them an ideal choice for various display devices,".
The report also emphasizes the huge potential for growth in this market, which has led big players like LG and Samsung to increase their investments in R&D. With the rise in R&D spending, vendors are able to develop a set of technology standards for every end-product.
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Covered in this Report
This report covers the present scenario and the growth prospects of the Global OLED Material market for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of OLED materials used for OLED displays and OLED lighting.
The OLED materials considered for the market size are:
Global OLED Material Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
"The increase in R&D spending has resulted in the development of advanced versions of OLED displays to be used for new applications,".
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OLED display manufacturers are focusing on rapid commercialization and are expected to target the automotive sector through the forecast period.
Market Scope and Calculation of Market Size:
This report covers the present scenario and growth prospects of the global OLED material market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of OLED materials used in OLED displays and lighting.
Key Information Covered in the Report:
E. I. du Pont de Nemours and Co. (DuPont)
Samsung SDI Co. Ltd.
Sumitomo Chemical Co. Ltd.