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Organic Electronics – Market Analysis & Opportunity Assessment, 2014 - 2020

Oct 16, 2014 | Chemicals & Materials | FMI

Organic electronics makes use of organic materials that exhibit considerable electrical properties such as conductivity.These materials are made up of tiny molecules or carbon-based polymers. Organic electronics offer the benefit of low-cost manufacturing when compared to conventional material electronics. The different types of materials used in the manufacture of organic electronics include polymers, nanotubes, graphene, carbon-based molecular structures, and hybrid materials. A commonly known application of organic materials is organic light-emitting diode (OLED), which is widely used in smartphones. Organic solar cells, television displays, and transistors are the other applications of organic electronics. Technological advancements concerning organic photovoltaic, transistor technology, and organic display technology, and developments in organic polymer materials are expected to drive the growth of the market.

At present, the predominant applications include displays, lighting, photovoltaics, and other smart electronic systems.Constant research and development activities are leading to the development of biomedical implants and other biodegradable RFID tags. Other areas of exploration include possible application in memory devices, detectors, microlenses, batteries, photoconductors, optical fibers, and consumer packaging. Ongoing developments in the consumer electronics segment especially in smartphones offer promising growth in terms of adoption of organic electronics. Some of the underlying drivers of the market include rising disposable income of end-users and preference for high quality products, increasing investments of major companies in the organic electronics segment, and competition among suppliers for product differentiation. Growth in the consumer electronics segment especiallysmartphones and televisions is expected to provide double-digit growth for the market. Some of the market players are Asahi Kasei Corporation, BASF SE, Bayer MaterialScience, Evonik Industries, DuPont, Henkel AG & Company, Optomec, ITRI Taiwan, Kovio, Inc., and others.