UBI Research predicts $2.25 billion in the OLED emitting material market in 2025

UBI Research (www.ubiresearch.com), a company specializing in OLED market research, cites the recently published ‘OLED emitting material market track for the second quarter of 2021’. It is predicted that the market for light emitting materials for OLED will grow at an average annual rate of 9% to reach $2.25 billion in 2025.

The purchase amount of light emitting materials by Korean panel makers is expected to reach $1.61 billion in 2025 at an average annual growth rate of 5.8%, accounting for 71.6% of the total market. In addition, over the next five years, it is expected that Korean panel makers’ total purchases of light emitting materials will account for 72.4% of the total. In contrast, the amount of material purchases by Chinese panel makers is expected to reach $640 million in 2025 at an average annual growth rate of 8.7%.

By panel maker, Samsung Display is expected to purchase the most emitting materials with a share of 43.5% over the next five years, while LG Display is expected to purchase 28.9% and BOE 17.5%.

Finally, looking at each deposition method, it is expected that the light emitting material for RGB OLED will account for 78% of the total market, and the light emitting material for WRGB OLED will account for 20.4%. Samsung Display’s QD-OLED emitting materials, which are expected to be released in the second half of this year, are expected to account for less than 2% of the total material market as panel shipments are not expected to be large.