Industrial Gas Market For Flat Panel Display Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Electronic Specialty Gases, Bulk Gases), By Display Technology (TFT, AMOLED, Others), And By Geography - Forecasts From 2021 To 2026

The industrial gas market for flat panel display market is evaluated at US$550.341 million for the year 2019 and is projected to grow at a CAGR of 3.74% to reach a market size of US$711.699 million by the year 2026.

Displays have become an indispensable part of human life. They have become the primary communication and information portal in the day to day life, like in wearables, appliances, automobiles, etc. Industrial gases are used during the manufacturing process of the flat panel displays, and hence with the popularity of flat panel displays, the market growth for the industrial gas market is also surging. The rise in the number of internet and smartphone users around the world is anticipated to bolster the growth of the Industrial Gas Market for Flat Panel Display, as the smartphone uses flat panel displays. Also, the rise in the usage of screens in the education sector and growth in e-learning is anticipated to surge the growth of the Industrial Gas Market for Flat Panel Display during the forecast period. Moreover, the demand for the market is derived from the increasing urbanization and the improving living standards because people are starting to opt for products with a good quality display. Furthermore, the increasing disposable income throughout the world is anticipated to augment the growth of the Industrial Gas Market for Flat Panel Display.

The recent outbreak of the novel coronavirus disease affected the Industrial Gas Market for the Flat Panel Display industry negatively. The lockdown was implemented in most parts of the world and there were trade restrictions and strict Covid-19 guidelines due to which the supply chain was disrupted. There was a halt in production during that period. But after the lifting of lockdown and the ease of trade and production, the industry has been recovering and is anticipated to come to its normal flow from the years 2021 onwards.

The Industrial Gas Market for Flat Panel Display market has been classified based on type, display technology, and geography. By Type, the market has been classified based on Electronic Specialty Gases (Silane, Nitrogen Trifluoride, Nitrous Oxide, and others) and Bulk Gases (Nitrogen, Helium, and others). On the basis of Display Technology, the segmentation has been done into LCD, LED, OLED, and others. Geographically, the market for Industrial Gas Market for Flat Panel Displays has been distributed in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

The rise in the number of internet and smartphone users

One of the key factors supplementing the growth of the Industrial Gas Market for Flat Panel Display includes the growing number of people using the internet and smartphones all around the globe. The screens used in smartphones are flat-screen displays. With the rise in internet and smartphone users, the usage of flat panel displays is increasing leading to the increased use of industrial gases, as the manufacturing of flat panel, displays include the use of industrial gases in the process. According to International Telecommunication Union (ITU), 28.7% of the population of the world were internet users in 2010 which increased to 41.5% in 2015 and further increased to 51% in 2019. Also, there were 553 million people in the world who had fixed broadband subscriptions in 2010 which rose to 841 million in 2015 and further rose to 1.13 billion in 2019. With the rise in digitalization, the number of people using the internet has been increasing at an even greater pace. Moreover, the number of smartphone users has been increasing at a great pace around the world. For example, according to India Cellular and Electronics Association (ICEA) report, India witnessed a 14.5% growth rate in the smartphone market in 2018 with 142.5 million units shipped. The report also states that the country is expected to have 829 million smartphone users by 2022. The world is witnessing a rapid increase in smartphone users, along with the increase in internet usage, which is anticipated to surge the growth of the Industrial Gas Market for Flat Panel Display during the forecast period.

Rise of screens in the education sector

The education sector has been hugely transformed over the years and has shifted to using more and more screens which have had a positive impact on the growth of the Industrial Gas Market for Flat Panel Display and are anticipated to propel the market growth even further in the coming years. Students have been using laptops and tablets for studying in the classrooms and outside it, and it has been quite common, especially in the developed and some developing countries. The class projects and school work has been completed on these gadgets and submitted online. Also, the teachers have been increasingly using LCD screens and videos, to teach the students. Moreover, there is a rise in online courses and students have been increasingly learning online through videos and through online courses. This has led to an increased number of students using display devices for studying, which in turn, is anticipated to people the growth of the Industrial Gas Market for Flat Panel Display during the forecast period.

Competitive Insights

Prominent/major key market players in the Industrial Gas Market for Flat Panel Display market include Linde Group, Air Liquide S.A., and Air Products and Chemicals, Inc., among others. The players in the Industrial Gas Market for Flat Panel Display market are implementing various growth strategies to gain a competitive advantage over its competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the Industrial Gas Market for Flat Panel Display market.

Industrial Gas Market Scope:

Segmentation

• By Type
  • Electronic Specialty Gases
    • Silane
    • Nitrogen Trifluoride
    • Nitrous Oxide
    • Others
  • Bulk Gases
    • Nitrogen
    • Helium
    • Others
• By Display Technology
  • LCD
  • LED
  • OLED
  • Others
• By Geography
  • Americas
    • USA
    • Canada
    • Others
  • South America
  • Europe Middle East and Africa
    • Germany
    • France
    • UK
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Taiwan
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the industrial gas market for flat panel display market size by 2026?
A1. The industrial gas market for the flat panel display market is projected to reach a market size of US$711.699 million in 2026.

Q2. What is the size of global industrial gas market for flat panel display market?
A2. Industrial Gas Market For Flat Panel Display market was valued at US$550.341 million in 2019.

Q3. What are the growth prospects for industrial gas market for flat panel display market?
A3. The global industrial gas market for the flat panel display market is projected to grow at a CAGR of 3.74% during the forecast period.

Q4. What factors are anticipated to drive the industrial gas market for flat panel display market growth?
A4. The rise in the number of internet and smartphone users around the world is anticipated to bolster the growth of the Industrial Gas Market for Flat Panel Display, as the smartphone uses flat panel displays.

Q5. Who are the major players in the industrial gas market for flat panel display market?
A5. Prominent/major key market players in the Industrial Gas Market for Flat Panel Display market include Linde Group, Air Liquide S.A., and Air Products and Chemicals, Inc., among others.