OSA-Direct
Monday, 10 Dec 2018

OLED materials revenues jumped 43% in 2017 to US$869 million - and grow to US$2.5 billion in 2022

Revenues for TV applications will grow slightly slower than the overall market at 23% CAGR from $344 million to US$963 million - this forecast anticipates the arrival of inkjet printing technologies that will enable RGB OLED structures

20 Feb 2018 | Editor

Display Supply Chain Consultants (DSCC) has announced their latest issue of their Quarterly OLED Materials Report. The 2017-Q4 report completes the picture for OLED stack materials in 2017, and revenues grew 43% to US$869 million. DSCC expects OLED materials to continue to grow at a 24% CAGR from 2017-2022 to US$2.56 billion.

The revenue growth will be driven by even faster growth for revenues of Emitting Layer (EML) Dopant materials, expected to grow at a 34% CAGR from US$205 million in 2017 to US$872 million in 2022, and to increase their share of total OLED stack material revenue from 24% to 34%.

DSCC - OLED Stack Material Revenues by Type, 2016-2022

Figure: DSCC - OLED Stack Material Revenues by Type, 2016-2022

The report tracks all the major materials used to produce flexible OLEDs, rigid OLEDs, and OLED TVs. Both emitter and common material markets are quantified in revenues, units, area, and volumes by application through 2022. Design wins and OLED materials supplier share are also provided.

Small/Medium applications are expected to continue to be the largest source of demand for OLED stack materials, with growth at a 24% CAGR from US$513 million in 2017 to US$1.52 billion in 2022, holding at 59% of the total OLED stack materials market.

Revenues for TV applications will grow slightly slower than the overall market at 23% CAGR from $344 million to US$963 million. This forecast anticipates the arrival of inkjet printing technologies that will enable RGB OLED structures at a relatively lower material cost.

Material sales for OLED Lighting will grow at a 43% CAGR from $11 million in 2017 to US$69 million in 2022, growing from 1.2% to 2.7% of the total OLED material market.

Among material suppliers, Universal Display Corporation receives the highest revenues from OLED material sales, with their material sales expected to grow at a 30% CAGR through 2022 to more than US$600 million, and their share of the overall material market to grow from 19% in 2017 to 24% in 2022. Dow Dupont and Merck will continue to hold the #2 and #3 positions among OLED material suppliers, with 15% and 14% of the market in 2022, respectively.

DSCC - OLED Stack Material Revenues by Supplier

Figure: DSCC - OLED Stack Material Revenues by Supplier

"We continue to value our collaboration with the OLED Association, bringing us insight into OLED architectures and non-display applications like OLED Lighting. This quarter’s report shows a new stack profile for White OLED, insights into new suppliers and all the rigor and detail that our clients expect from DSCC."

Bob O’Brien, DSCC Co-Founder and President

www.displaysupplychain.com   


About DSSC

Display Supply Chain Consultants (DSCC) was formed by experienced display market analysts from throughout the display supply chain and delivers valuable insights through consulting, syndicated reports and events. The company has offices in the US, Japan, and China.

Source: DSSC


login
cintelliq logo