Market Overview:
The global OLED red light material market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for OLED displays in smartphones and televisions. Additionally, the growing demand for energy-efficient lighting solutions is also propelling the growth of this market. Some of the key players operating in this market are Samsung Display Co., Ltd., LG Display Co., Ltd., Japan Display Inc., and Tianma Microelectronics Co. Ltd.
Product Definition:
OLED Red Light Material is a material used in organic light-emitting diode displays to produce red light. It is made of a layer of organic semiconductor molecules that emit red light when an electric current passes through them. OLED Red Light Material is important for making high-quality displays because it produces pure, intense red colors.
Red Light Main Material:
Red light main material is a transparent organic compound that is used as a source of illumination in various applications. It can be classified into two types, namely polymeric and non-polymeric. Polymeric includes flexible and semi-flexible materials such as OLED red light emitter; whereas non-polymer includes inorganic compounds such as yttrium aluminum garnet (YAG) or silicon carbide (SiC).
Red Light Object Material:
Red light object material is a new term in the industry and it means materials that can be used to make red LED color lights. The most common type of red light object material includes rare earths such as Yttrium, Lanthanum, Cerium, Neodymium along with other types of metals like iron oxide (Fe2O3) and copper (Cu2O).
Application Insights:
In 2017, the OLED TV segment accounted for more than 50% of the overall revenue share. The segment is expected to witness significant growth over the forecast period owing to increasing demand for large screen TVs with enhanced picture quality and features. Furthermore, technological advancements in display technologies such as 4K resolution are further anticipated to drive product demand over the forecast period.
The smart phone application segment is also estimated to witness considerable growth during the same period owing to rising consumer preference for high-end smartphones with advanced features and functions. In addition, growing penetration of mobile devices coupled with rising disposable income levels in developing regions such as Asia Pacific and Latin America is expected fuel market growth during the study period. Other applications include medical equipment & lighting; industrial equipment & robotics; construction equipment & materials; transportation systems including automobiles, aircrafts and ships; education buildings & laboratories among others (smart city infrastructure).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period owing to increasing adoption of OLED technology and growing demand for smartphones, tablets, and other electronic devices. In addition, presence of key manufacturers such as LG Display Co., Ltd.; Samsung Electronics Co., Ltd; Sony Corporation; Panasonic Corporation; and others is also expected to drive the regional growth over the next eight years.
Asia Pacific region accounted for a revenue share of more than 25% in 2017 owing to high demand from countries such as China, South Korea, Japan among others which are majorly driven by rising consumer awareness regarding health & safety along with rapid technological advancements in display manufacturing industry. Rising disposable income coupled with increased spending on luxury vehicles including cars and two-wheelers is also contributing toward regional growth at a significant rate.
Growth Factors:
- Increasing demand for OLED displays in consumer electronics
- Rising demand for OLED lighting in automotive and architectural applications
- Growing adoption of OLEDs in medical devices and healthcare sector
- Proliferation of flexible OLED displays and lighting panels
- Technological advancements and innovations in the field of OLED technology
Scope Of The Report
Report Attributes
Report Details
Report Title
OLED Red Light Material Market Research Report
By Type
Red Light Main Material, Red Light Object Material
By Application
Smart Phone, OLED TV, Other
By Companies
UDC, DOW, Sumitomo Chemical, TORAY, Merck, LG Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global OLED Red Light Material Market Report Segments:
The global OLED Red Light Material market is segmented on the basis of:
Types
Red Light Main Material, Red Light Object Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Phone, OLED TV, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- UDC
- DOW
- Sumitomo Chemical
- TORAY
- Merck
- LG Chemical
Highlights of The OLED Red Light Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Red Light Main Material
- Red Light Object Material
- By Application:
- Smart Phone
- OLED TV
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the OLED Red Light Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
OLED red light material is a type of organic light emitting diode that emits reddish-orange light when an electric current is passed through it. OLEDs are often used in displays and lighting because they offer high brightness, low power consumption, and long lifetime compared to other display technologies.
Some of the major companies in the oled red light material market are UDC, DOW, Sumitomo Chemical, TORAY, Merck, LG Chemical.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 OLED Red Light Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 OLED Red Light Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 OLED Red Light Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the OLED Red Light Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global OLED Red Light Material Market Size & Forecast, 2018-2028
4.5.1 OLED Red Light Material Market Size and Y-o-Y Growth
4.5.2 OLED Red Light Material Market Absolute $ Opportunity
Chapter 5 Global OLED Red Light Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 OLED Red Light Material Market Size Forecast by Type
5.2.1 Red Light Main Material
5.2.2 Red Light Object Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global OLED Red Light Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 OLED Red Light Material Market Size Forecast by Applications
6.2.1 Smart Phone
6.2.2 OLED TV
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global OLED Red Light Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 OLED Red Light Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America OLED Red Light Material Analysis and Forecast
9.1 Introduction
9.2 North America OLED Red Light Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America OLED Red Light Material Market Size Forecast by Type
9.6.1 Red Light Main Material
9.6.2 Red Light Object Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America OLED Red Light Material Market Size Forecast by Applications
9.10.1 Smart Phone
9.10.2 OLED TV
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe OLED Red Light Material Analysis and Forecast
10.1 Introduction
10.2 Europe OLED Red Light Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe OLED Red Light Material Market Size Forecast by Type
10.6.1 Red Light Main Material
10.6.2 Red Light Object Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe OLED Red Light Material Market Size Forecast by Applications
10.10.1 Smart Phone
10.10.2 OLED TV
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific OLED Red Light Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific OLED Red Light Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific OLED Red Light Material Market Size Forecast by Type
11.6.1 Red Light Main Material
11.6.2 Red Light Object Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific OLED Red Light Material Market Size Forecast by Applications
11.10.1 Smart Phone
11.10.2 OLED TV
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America OLED Red Light Material Analysis and Forecast
12.1 Introduction
12.2 Latin America OLED Red Light Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America OLED Red Light Material Market Size Forecast by Type
12.6.1 Red Light Main Material
12.6.2 Red Light Object Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America OLED Red Light Material Market Size Forecast by Applications
12.10.1 Smart Phone
12.10.2 OLED TV
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) OLED Red Light Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) OLED Red Light Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) OLED Red Light Material Market Size Forecast by Type
13.6.1 Red Light Main Material
13.6.2 Red Light Object Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) OLED Red Light Material Market Size Forecast by Applications
13.10.1 Smart Phone
13.10.2 OLED TV
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 OLED Red Light Material Market: Competitive Dashboard
14.2 Global OLED Red Light Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UDC
14.3.2 DOW
14.3.3 Sumitomo Chemical
14.3.4 TORAY
14.3.5 Merck
14.3.6 LG Chemical
