디스플레이 및 광학 재료 화학제품 시장 예측(-2032년) : 재료 유형별, 제조 공정별, 기능별, 기술별, 용도별, 최종 사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Display & Optical Materials Chemicals Market is accounted for $36.2 billion in 2025 and is expected to reach $44.9 billion by 2032 growing at a CAGR of 3.1% during the forecast period. Display & Optical Materials Chemicals are specialized compounds enabling advanced visual technologies in electronics, optics, and photonics. They include liquid crystals, photoresists, optical adhesives, polarizers, and anti-reflective coatings. These chemicals are critical in manufacturing LCDs, OLEDs, microLEDs, lenses, and fiber optics, ensuring clarity, brightness, and durability. They enhance light transmission, color accuracy, and energy efficiency while protecting against scratches, UV degradation, and moisture. Continuous innovation drives thinner, flexible, and more sustainable display solutions, supporting next-generation consumer electronics and high-performance optical systems worldwide.

Market Dynamics:

Driver:

Expanding OLED and advanced display adoption

Expanding OLED and advanced display adoption is driving strong demand for specialized optical chemicals. OLED panels, microLEDs, and flexible displays require high-purity emissive materials, encapsulants, and photoresists. Consumer electronics, automotive dashboards, and large-format signage are fueling growth. As manufacturers shift toward thinner, brighter, and energy-efficient displays, chemical suppliers benefit from rising volumes and innovation cycles. This expansion underpins steady investment in advanced formulations, positioning display chemicals as critical enablers of next-generation visual technologies worldwide.

Restraint:

Complex manufacturing and purity requirements

Complex manufacturing and purity requirements act as a restraint in the display and optical materials chemicals market. Producing defect-free optical layers demands ultra-high precision, cleanroom environments, and stringent quality control. Even minor impurities can degrade performance, reduce yields, and increase costs. These challenges limit scalability and raise barriers for new entrants. The need for specialized equipment and expertise slows adoption, particularly in emerging economies, where infrastructure and technical capabilities may lag behind established manufacturing hubs.

Opportunity:

Growth in AR and VR devices

Growth in AR and VR devices presents a major opportunity for display and optical materials chemicals. Immersive technologies require advanced optics, high-resolution microdisplays, and lightweight, durable coatings. Chemicals enabling anti-reflective layers, optical adhesives, and flexible substrates are in high demand. As consumer and enterprise adoption of AR/VR accelerates, suppliers of optical polymers, liquid crystals, and photoresists gain new revenue streams. This trend aligns with rising investment in metaverse applications, gaming, healthcare visualization, and industrial training systems.

Threat:

Rapid technology obsolescence risks

Rapid technology obsolescence risks threaten the display and optical materials chemicals market. Display technologies evolve quickly, with OLED, microLED, and quantum dot systems replacing older LCD formats. Suppliers face constant pressure to innovate or risk losing relevance. Short product lifecycles increase R&D costs and complicate long-term planning. Companies heavily invested in legacy chemistries may struggle to adapt, while fast-moving competitors capture market share. This volatility underscores the need for agility and diversified portfolios in chemical manufacturing.

Covid-19 Impact:

The COVID-19 pandemic disrupted supply chains, delaying production of display chemicals and slowing electronics manufacturing. Lockdowns impacted raw material sourcing, logistics, and workforce availability. However, rising demand for laptops, monitors, and smartphones during remote work boosted consumption of optical materials. Post-pandemic recovery accelerated investment in OLED and AR/VR technologies, creating new opportunities. The crisis highlighted the importance of resilient supply chains and regional diversification, prompting chemical producers to strengthen partnerships and expand local manufacturing capabilities.

The liquid crystal materials segment is expected to be the largest during the forecast period

The liquid crystal materials segment is expected to account for the largest market share during the forecast period, resulting from their dominance in LCD production. Despite OLED growth, LCDs remain widely used in televisions, monitors, and smartphones due to cost efficiency and mature infrastructure. Liquid crystal chemicals ensure brightness, clarity, and energy efficiency, making them indispensable. Their scalability and established supply chains reinforce their leadership, while ongoing innovations in alignment layers and stability enhance competitiveness.

The thin-film deposition segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the thin-film deposition segment is predicted to witness the highest growth rate, propelled by its critical role in OLED, microLED, and advanced optical coatings. This process enables precise layering of functional materials, ensuring high resolution, durability, and energy efficiency. Thin-film deposition supports flexible substrates and miniaturized devices, aligning with trends in foldable displays and AR/VR optics. Its versatility across multiple display technologies positions it as the fastest-expanding manufacturing process in the industry.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, attributed to its strong electronics manufacturing base. Countries like China, South Korea, and Japan dominate display production, supported by robust supply chains and leading chemical suppliers. Regional demand for smartphones, televisions, and automotive displays drives consumption of optical materials. Government support, R&D investment, and established infrastructure further reinforce Asia Pacific's leadership, making it the global hub for display chemicals.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR associated with rising adoption of advanced display technologies. Strong demand for AR/VR devices, automotive HUDs, and next-generation consumer electronics fuels growth. U.S. and Canadian firms are investing heavily in OLED, microLED, and quantum dot research, creating opportunities for chemical suppliers. Federal funding and innovation ecosystems accelerate commercialization, positioning North America as the fastest-growing region in display and optical materials chemicals.

Key players in the market

Some of the key players in Display & Optical Materials Chemicals Market include Merck KGaA, Samsung SDI Co., Ltd., LG Chem Ltd., BASF SE, Dow Inc., DuPont de Nemours, Inc., Sumitomo Chemical Co., Ltd., Toray Industries, Inc., JSR Corporation, Shin-Etsu Chemical Co., Ltd., TOKYO OHKA KOGYO CO., LTD., AGC Inc., Nitto Denko Corporation, 3M Company, Kolon Industries, Inc., SKC Co., Ltd., Mitsui Chemicals, Inc., and Kuraray Co., Ltd.

Key Developments:

In October 2025, Merck KGaA expanded its liquid crystal and OLED materials portfolio, introducing high-purity formulations for next-generation displays. The company emphasized sustainability and advanced optics for AR/VR, automotive, and consumer electronics applications.

In September 2025, Samsung SDI Co., Ltd. announced new optical materials supporting OLED and microLED displays. These innovations target smartphones, TVs, and automotive panels, reinforcing Samsung's leadership in advanced display technologies and high-performance chemical solutions.

In August 2025, LG Chem Ltd. launched advanced encapsulation and optical polymer materials for flexible OLEDs. The company highlighted durability, clarity, and eco-friendly formulations, strengthening its role in consumer electronics and automotive display markets.

Material Types Covered:

• Optical Glass
• Optical Polymers
• Liquid Crystal Materials
• OLED Emissive Materials
• Photoresists
• Encapsulation Materials

Manufacturing Processes Covered:

• Thin-Film Deposition
• Photolithography
• Inkjet Printing
• Spin Coating
• Vacuum Evaporation

Functions Covered:

• Light Emission
• Light Modulation
• Optical Transmission
• Protection & Encapsulation
• Color Enhancement
• Thermal Management

Technologies Covered:

• LCD
• OLED
• Micro-LED
• QLED
• Flexible & Foldable Displays

Applications Covered:

• Smartphones & Tablets
• Televisions
• Monitors & Laptops
• Automotive Displays
• AR/VR Devices
• Wearable Devices

End Users Covered:

• Consumer Electronics
• Automotive
• Healthcare
• Aerospace & Defense
• Industrial
• Media & Entertainment

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Display & Optical Materials Chemicals Market, By Material Type

• 5.1 Introduction
• 5.2 Optical Glass
• 5.3 Optical Polymers
• 5.4 Liquid Crystal Materials
• 5.5 OLED Emissive Materials
• 5.6 Photoresists
• 5.7 Encapsulation Materials

6 Global Display & Optical Materials Chemicals Market, By Manufacturing Process

• 6.1 Introduction
• 6.2 Thin-Film Deposition
• 6.3 Photolithography
• 6.4 Inkjet Printing
• 6.5 Spin Coating
• 6.6 Vacuum Evaporation

7 Global Display & Optical Materials Chemicals Market, By Function

• 7.1 Introduction
• 7.2 Light Emission
• 7.3 Light Modulation
• 7.4 Optical Transmission
• 7.5 Protection & Encapsulation
• 7.6 Color Enhancement
• 7.7 Thermal Management

8 Global Display & Optical Materials Chemicals Market, By Technology

• 8.1 Introduction
• 8.2 LCD
• 8.3 OLED
• 8.4 Micro-LED
• 8.5 QLED
• 8.6 Flexible & Foldable Displays

9 Global Display & Optical Materials Chemicals Market, By Application

• 9.1 Introduction
• 9.2 Smartphones & Tablets
• 9.3 Televisions
• 9.4 Monitors & Laptops
• 9.5 Automotive Displays
• 9.6 AR/VR Devices
• 9.7 Wearable Devices

10 Global Display & Optical Materials Chemicals Market, By End User

• 10.1 Introduction
• 10.2 Consumer Electronics
• 10.3 Automotive
• 10.4 Healthcare
• 10.5 Aerospace & Defense
• 10.6 Industrial
• 10.7 Media & Entertainment

11 Global Display & Optical Materials Chemicals Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Merck KGaA
• 13.2 Samsung SDI Co., Ltd.
• 13.3 LG Chem Ltd.
• 13.4 BASF SE
• 13.5 Dow Inc.
• 13.6 DuPont de Nemours, Inc.
• 13.7 Sumitomo Chemical Co., Ltd.
• 13.8 Toray Industries, Inc.
• 13.9 JSR Corporation
• 13.10 Shin-Etsu Chemical Co., Ltd.
• 13.11 TOKYO OHKA KOGYO CO., LTD.
• 13.12 AGC Inc.
• 13.13 Nitto Denko Corporation
• 13.14 3M Company
• 13.15 Kolon Industries, Inc.
• 13.16 SKC Co., Ltd.
• 13.17 Mitsui Chemicals, Inc.
• 13.18 Kuraray Co., Ltd.