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The global next-generation display materials market is expected to reach $182.83 billion by 2026.
The growth of the market can be attributed to the adoption of organic light-emitting diode (OLED) technology in the display industry.
There has been significant developments in the display industry in recent years. Many manufacturers have moved away from the well-established market of thin-film transistors - liquid crystal diode (TFT-LCD) and are heavily investing in new display technologies such as OLED, micro-LED, and mini-LED.
Due to this, the market for LCD is dropping and is rapidly being replaced by the mentioned technologies. Display giants like Samsung and LG have already halted the production of LCD and introduced OLED in their upcoming display for televisions and smartphones.