Wearable Display Device Materials Market Highlights
The global wearable display device materials market is estimated to be valued at USD 4,157.2 million by 2023 and is expected to register a CAGR of 13.05% during the forecast period.
The polycarbonate substrate segment dominated the global market owing to its unique properties such as non-toxicity, biologically inertness, recyclability, and cost-effectiveness, which make it an excellent choice for the substrate material.
By adhesives, the silicone adhesive segment accounted for 38% of the overall market share in 2017 and is expected to register a substantial CAGR during the review period.
Wearable Display Device Materials Market Segment Analysis
The global wearable display device materials market report has been segmented on the basis of substrates, adhesives, coatings, end-use industry, and region.
On the basis of substrates, the market has been categorized into glass, fiber, polycarbonates, and others. Among these substrates, the polycarbonates dominated the market in 2017. This can be attributed to the unique properties of polycarbonates such as lightweight, impact resistance, UV resistance, chemical resistance, and weatherability along with its high dimensional stability, mouldability, as well as has excellent heat resistance with a glass transition temperature of up to 148°C.
Based on the adhesives, the global market has been segmented into silicone, epoxy, acrylic, and polyurethane. The silicone adhesives segment is projected to showcase substantial demand on the backdrop of its excellent flexibility, high heat and temperature resistance, as well as adherence to a wide range of surfaces including plastic, metal, and glass.
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Wearable Display Device Materials Market Regional Analysis
Geographically, the wearable display device materials market growth has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific was the largest market for wearable display device materials in 2017 and is expected to remain dominant during the review period. North America accounted for 23.4% of the market share in 2017, with US being the major contributor. The rising demand for wireless electronic devices coupled with the high disposable income of the consumers is the major driver for the growth of the wearable display device materials market in the region.
Market Research Future (MRFR) recognizes BASF SE (Germany), DowDuPont (US), Wacker Chemie AG (Germany), Arkema SA (France), 3M (US), Eastman Chemical Company (US), Solvay (Belgium), Covestro AG (Germany), Henkel AG & Co. KGaA (Germany), and Master Bond Inc (US) as the key players in the global wearable display device materials market.
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