(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 26, 2021, 03:07 /Comserve / -- Global Next-Generation Display Materials Market Next-generation displays are modified versions of LCD and plasma technology that consume lower energy.
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Global Next-Generation Display Materials Market Next-generation displays are modified versions of LCD and plasma technology that consume lower energy. They support the progress of the existing technology and deliver upgrades while maintaining the evolution of tools due to continuous advancements in the technological sector. 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 around 7.10% during 2021-26. Next-Generation Display Materials have exceptional thermal durability that offers features like multiple video screens, mainframe monitors, etc., thereby accelerating the market consequently.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Next-Generation Display Materials Market Future Growth, and Revenue Forecast, (2021-2026)
Impact of COVID-19
The outbreak of the COVID-19 pandemic negatively impacted the global next-generation display market. The lockdown imposition and restrictions by the government caused a halt in manufacturing units, disruptions in the supply chain, and suspension of production, demand, and transportation of goods across most regions. It led to severe loss to the high-tech market players. However, the post lockdown phase witnessed the gradual upliftment of the restrictions by the government, thereby resuming the production services. Hence, the market is likely to regain its place in the forecast period, i.e., 2021-26.
Market Segmentation
Thin Film Transistor Liquid Crystal Displays (TFT-LCDs) Accounts for the Largest Market Share
Based on the material type, the market segments into Thin Film Transistor Liquid Crystal Displays (TFT-LCDs) and Organic Light-Emitting Diodes (OLEDs). Out of the two, the TFT-LCD is likely to have the fastest growth rate in the forecast years due to its enhanced display quality and popularity among consumers. Various high-tech brands use these displays in their technology. Hence, the TFT-LCD segment is another crucial factor likely to contribute to the overall market growth in the coming years.
Nanomaterials To Witness Exponential Market Growth
Based on product, the market segments into Plastic substrates, Nanomaterials, Metals, and Polymers. Out of these, Nanomaterials are likely to witness exponential market growth due to the high demand for this segment among consumers, quantum dots, and carbon nanotubes. They are manufactured as Transparent Conductive Films (TCF) and are potentially a very cost-efficient alternative in touch screen & flexible displays. Hence, Nanomaterials are likely to fuel the overall market growth in the forecast years, reveals MarkNtel Advisors in their research report, 'Global Next-Generation Display Materials Market Analysis, 2021.'
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Next-Generation Display Materials Market Future Growth, and Revenue Forecast, (2021-2026)
Europe Accounts for the Largest Market Share
Europe accounts for the largest market share in recent years and is likely to continue holding its top position in the forecast period, too. It owes to regions like Germany and the United Kingdom for their massive investments in the market in recent years. Furthermore, the increasing demands of OLED displays for mobiles, monitors, and tablets further drive the market growth in the region, thereby boosting the overall market growth.
Market Driver
The key elements driving the Global Next-Generation Display Materials Market include the rapidly increasing development & up-gradation of various display panels across several regions and the expanding adoption of OLED technology across multiple applications. Furthermore, the flooding demand of quantum dots in display devices is also a critical factor to drive market growth. Supporting this, several high-tech industry leaders are also investing in Next-Generation Display materials, thereby surging the overall market optimization.
Competitive Landscape
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.
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Next-Generation Display Materials Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next-Generation Display Materials Market?
TABLE OF CONTENT
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Definition
2. Executive Summary
3. Impact of COVID-19 on Global Next-Generation Display Materials Market
4. Global Next-Generation Display Materials Market Trends & Insights
5. Global Next-Generation Display Materials Market Dynamics
5.1. Drivers
5.2. Challenges
5.3. Impact Analysis
6. Global Next-Generation Display Materials Market Hotspots & Opportunities
7. Global Next-Generation Display Materials Market Value Chain Analysis
8. Global Next-Generation Display Materials Market Supply & Demand Analysis
9. Global Next-Generation Display Materials Market Regulations & Policy
10. Global Next-Generation Display Materials Market Technological Innovation Analysis
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