Display Dielectric Material Market Expected to Reach $113.1 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Display Dielectric Material Market," The display dielectric material market was valued at $53.33 billion in 2022, and is estimated to reach $113.1 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.

Display dielectric material market growth has been influenced by the rising demand for consumer electronics such as laptops, TVs, and smartphones. Display dielectric materials are important materials in the manufacturing of displays that can help improve the performance, durability, and energy efficiency of displays. Displays can be made more resilient to scuffs, collisions, and other types of damage with the help of dielectric materials. Dielectric materials can be employed with LCD and OLED displays, among other display technologies as they are adaptable and versatile for a variety of uses. Overall, display dielectric materials have numerous advantages that can boost a display's functionality, robustness, and energy efficiency while also acts as display insulator.

Electronic displays, such as liquid crystal displays (LCDs) and organic light-emitting diode (OLED) displays, employ a display dielectric. The primary purpose of the display dielectric material is to physically insulate the display. Dielectric materials have a high electrical resistance and the ability to store electrical energy in an electric field. The dielectric substance used in displays helps regulate the electric fields that illuminate the pixels. As a result, high-quality photographs are created.

Some examples of dielectric materials are ceramics, liquid crystals, paper, mica, dielectric gases, etc. The selection of dielectric materials used in displays is influenced by a number of factors, including the production process and performance requirements. Dielectric materials' primary characteristics are breakdown voltage, dielectric constant, dielectric polarisation, and thermal stability. The goal of dielectric materials research is the creation of innovative dielectric materials with improved properties to support cutting-edge display technologies.

The growing demand for LCD and OLED displays is one of the major drivers of the display dielectric material industry. As the demand for LCDs and OLEDs increases, so does the requirement for dielectric materials. For the creation of LCDs, OLEDs, LEDs, and other display types, dielectric materials are essential. The demand for high-resolution screens with correct colour and exceptional clarity is driving an increase in the demand for dielectric materials. Highly sensitive and accurate touch screen capacitive displays use high dielectric constant and low loss tangent dielectric materials. Another element driving demand for dielectric materials with greater insulation and high temperature resistance is the growing appeal of flexible screens.

Despite the expanding demand for dielectric materials from the display industry, some important barriers may prevent market growth. One such significant barrier is the high cost of dielectric materials, which can limit their use in large production. Additionally, it is difficult to find dielectric materials with the qualities needed to develop cutting-edge display technology. 

The global Display Dielectric Industry share is segmented based on technology, application, and region. By technology, it is classified into LCD, LED, OLED, TFT-LCD, and others. By application, it is classified into transparent, conventional, 3D, and flexible displays. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the display dielectric material market trends report include Corning Incorporated, Merck KGaA, DuPont, SAMSUNG SDI CO.,LTD., Nippon Chemical Industrial CO., LTD., SAKAI CHEMICAL INDUSTRY CO.,LTD., LG Chem, DONGJIN SEMICHEM CO LTD., Nitto Denko Corporation, and ENF Technology.

The report offers a comprehensive analysis of the global display dielectric materials market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The display dielectric material market analysis report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market. 

Impact of Covid-19 on the Global Display Dielectric Materials Industry

• The COVID-19 outbreak has had a moderate impact on the development of display dielectric material market size
• On the positive side, the pandemic augmented the remote work culture and online education, which led to increased demand for laptops, smartphones, and tablets. This, in turn, augmented the demand of display dielectric materials
• However, the pandemic also disrupted supply chains and slowed down research and development activities of the dielectric materials

Key Findings of the Study

• Based on technology, the LED sub-segment emerged as the global leader in 2022 and OLED sub-segment is expected to grow with the highest CAGR during the forecast period.
• Based on application, the conventional sub-segment held the largest display dielectric material market share in 2022 and 3D sub-segment is predicted to have a fastest growth rate.
• Based on region, the Asia-Pacific market registered the highest market share in 2022 and is projected to show fastest growth during the forecast period.