With the surge in the demand for organic light emitting diode (OLED) displays in smartphones, the sales of OLED materials are growing rapidly across the world. Nowadays, people are preferring smartphones equipped with high quality displays that can be integrated with OLED films. As more and more consumers are preferring electronic products equipped with features such as camera, internet, and multimedia, on account of their surging disposable income, manufacturers are increasingly incorporating OLED displays in smartphones.
Additionally, the growing usage of these materials in the automotive industry is also fueling their sales across the globe. Due to these factors, the global organic light emitting diode materials market is exhibiting rapid expansion. OLED is basically a light emitting diode that is organic in nature and comprises an emissive electroluminescent layer which emits light when electric current falls on it. OLED displays can e driven by active matrix (AMOLED) or passive matrix (PMOLED) control schemes.
Geographically, Asia-Pacific has been the largest OLED materials market in the past. This is because of the surging population in the region driving the demand for residential facilities, which, in turn, are resulting in the increasing need for OLED materials for lighting and display purposes. In addition to this, because of the growth in disposable income of people in countries such as India and China, the demand for smartphones with enhanced display qualities is also increasing, which is further resulting in the rising need for OLED materials.
In conclusion, the benefits of OLED display, growing demand for smartphones, and increasing residentials projects are driving the requirement for OLED materials.
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