A field of modern electronics and materials science that deals with the design, formulation, synthesis, and application of organic polymers with electronic properties such as conductivity, thermal stability, and flexibility is called as organic electronics.
A major factor driving growth of the global organic electronics market is rapid development in the consumer electronics industry. In addition, increasing adoption of organic electronic for solar panels and LED applications is another factor further driving growth of the global market. Moreover, technological advancements towards product development is expected to support growth of the target market over the forecast period. A major challenge faced by the global organic electronics market is complex manufacturing process.
The global organic electronics market is segmented on the basis of material type, application, and region. On the basis of material type, the global market is segmented into semiconductor materials, conductive materials, dielectric materials, and substrate materials. The semiconductor materials segment is expected to account for highest share in 2020.
On the basis of application, the global market is segmented into display application, OLED lighting application, organic photovoltaic application, system components application, and other organic electronics applications. The display application segment accounts for highest market share in terms of revenue, whereas the photovoltaic segment is expected to witness significant growth over the forecast period.
Request Sample Copy of the Report: https://marketresearch.biz/report/organic-electronics-market/request-sample/
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific accounts for highest share and is expected to witness highest growth over the forecast period in the global market. The market in North America is expected to witness significant growth over the forecast period.
Key players in the global market are BASF SE, Bayer Materialscience AG, Au Optronics Corporation, Merck Kgaa, Dupont, Novaled Gmbh, Universal Display Corporation, Sumitomo Corporation, H.C. STARCK, Fujifilm Dimatix, Inc., and other prominent suppliers and users.