2018 OLED Material Market Is Expected To Exceed One Billion US Dollars
- Jun 25, 2018 -

         

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A major event in 2017 showing the industry chain is the release of the Apple iPhone X mobile phone, especially the AMOLED screen, which has a significant pulling effect on the upstream industry chain, and has driven AMOLED panel makers and upstream OLED material manufacturers to actively stock their products. According to OFweek Industry Research Institute, the global OLED material market in 2017 was US$856 million, a significant year-on-year increase of 61%. With the commissioning of several domestic AMOLED panel production lines, the global OLED material market is expected to reach US$1.258 billion in 2018, an increase of 47% year-on-year.


Chart 1: Global OLED Material Market Size


OLED material market is expected to exceed US$1 billion by 2018


Source: OFweek Industrial Research Institute


There are two main application markets for AMOLED panels: smartphones and OLED TVs. Major handset brands such as Huawei, OPPO, vivo, Xiaomi, Apple, Samsung and other new flagship models all use AMOLED display technology, which greatly increases the demand for OLED panels. In 2017, sales of OLED TVs in China reached 120,000 units. Sony, Philips, LG, Skyworth, and Konka TV companies all joined the OLED camp to achieve differentiated sales. The industry is optimistic that the overall sales volume of China's OLED TVs in 2018 will be at least doubled on the basis of 2017, which will greatly increase the demand for upstream OLED materials.


OLED material classification


The OLED material mainly includes two parts: a luminescent material and a base material, which account for about 30% of the material cost of the OLED screen. The OLED light emitting materials mainly include a red light body/guest material, a green light body/guest material, and a blue light body/guest material. General OLED materials, including electron transport layer ETL, electron injection layer EIL, hole injection layer HIL, hole transport layer HTL, hole blocking layer HBL, electron blocking layer EBL, etc., with the optimization of the device structure, the type of material Increasingly more. Among them, the organic light emitting layer material and the transmission layer material are the key materials of the OLED.


Chart 2: OLED Material Classification and Major Representative Manufacturers


OLED material market is expected to exceed US$1 billion by 2018


Source: OFweek Industrial Research Institute


According to OFweek Industrial Research Institute, the global OLED luminous material market in 2017 was 404 million U.S. dollars and general materials 452 million U.S. dollars. It is expected that in 2018 it will increase to US$560 million and US$698 million, respectively.