Posts

1Q of 2022 OLED Emitting Material Market $420 million, up 9% Compared to the Same Quarter of the Previous Year

/in , /by

According to “2Q22 OLED Emitting Material Market Track”, a quarterly report published by UBI Research, the sales of emitting materials in the first quarter were $421 million, down 21.1% (QoQ) from $533 million in the previous quarter but was an increase by 9% (YoY)when compared to $386 million in the first quarter of 2021.
Although sales of emitting materials for TV and mobile devices decreased compared to the previous quarter, IT sales recorded a meaningful figure of $6.6 million. Although sales fluctuate depending on seasonal demand for applied products, if the sales of emitting materials are analyzed by application product, TV use is gradually increasing.

The top 3 companies in 1Q sales were UDC($86.6 million), DuPont($41.3 million), and Duksan($37.5 million). Duksan became the number one company in sales as a Korean company. The overall sales of luminescent materials in the first quarter decreased compared to the previous quarter but only UDC’s sales increased. Sales decreased to $421.5 million in 1Q22 from $533.8 million in 4Q21. However, UDC’s 1Q22 sales increased to $86.6 million from 4Q21’s sales of $85.5 million. It is estimated that this is due to the rise in the price of rare earth metals, a key material for manufacturing dopant.
Estimated sales of emitting materials in 2022 are $1.77 billion and are expected to grow to $2.4 billion in 2026.
By application product, the projected sales of emitting materials for smartphones this year are $1.4 billion, accounting for 79% of the total.
Of the projected sales in 2026, emitting materials for TV are expected to reach $550 million, which is expected to increase by 23%. In addition, emitting materials for IT are expected to account for 9% of $210 million.

“OLED Emitting Material Market Track” surveys and analyzes the market for quarterly OLED emitting materials. The total market of light emitting materials was identified by examining sales by light emitting layer and common layer. Performance analysis was categorized by country, panel maker, application product, layer, and OLED method (RGB, WRGB, QD-OLED). In addition, OLED market information for the next five years (up to 2026) was forecasted by predicting the amount of emitting material usage and sales by company. The quarterly market track provides necessary information to industry professionals who lead the OLED industry.

Idemitsu Kosan and Toray, Signed on technical cooperation agreement for joint development of new OLED materials

/in /by

 

On September 26, 2017, Idemitsu Kosan and Toray, specializing in OLED light emitting materials, signed on a new technology cooperation agreement to jointly develop OLED materials.

Toray and Idemitsu Kosan are expected to collaborate on the development and evaluation of new materials through the mutual use of OLED materials and expertise from both companies. The two companies will jointly use evaluation facilities and production facilities, and said they hope this technical cooperation agreement will accelerate the development of OLED materials and enable low-cost production.

Idemitsu Kosan is developing OLED emitter materials and hole transport materials and Toray is focusing on electron transport materials based on proprietary molecular design technology.

According to UBi Research, upon the active investment of Korea and China in OLED mobile devices and TVs, the light emitting material market is expected to reach $ 960 million in 2017 and $ 33.6 billion in 2021.

It is expected whether this technical cooperation agreement between Idemitsu Kosan and Toray could contribute to the development of the OLED display industry and the commercialization of more advanced OLED materials.

CYNORA, significant progress in blue materials for OLEDs…EQE 16.3%

/in /by
Source : CYNORA

Source : CYNORA

Hyunjoo Kang / Reporter / jjoo@olednet.com

CYNORA, a leader in TADF (thermally activated delayed fluorescence) materials, has made significant progress in its highly efficient blue material developments during the last 6 months: a strong indicator for reaching performance levels requested by the OLED industry.

CYNORA has been working on organic TADF emitting materials during the last 5 years.

Since 2015, CYNORA applies its experience to develop pure organic highly efficient blue dopants for vacuum deposition.

The TADF technology combines high efficiency (3 times better than the state-of-the-art fluorescence technology) together with long lifetime.

OLED displaysincorporating blue TADF materials will reduce power consumption up to a factor of 2.

CYNORA has developed deep blue material reaching an EQE of 16.3% (at 100 cd/m2) compared to 3% reached in October 2015, a factor 5 improvement in six months. In parallel, the company is using sky blue material to improve the device lifetime.

A significant increase in the lifetime to more than 400 h (LT50, 500 cd/m2) has recently been achieved from a level of a few minutes in last October.

“We have yet to reach the performances requested by the OLED display industry” says Thomas Baumann, CYNORA’s CSO, “but our rapid progress during the last 6 months proves our capability to reach the performance levels we have defined together with our key customers to support their technical roadmap. We will use the coming months to combine both efficiency and lifetime in a single deep blue material.”

CYNORA owns a broad IP portfolio on TADF with over 100 patent families and is aiming for over 600 patents.

UDC’s 2015 OLED Emitting Materials Revenue $ 113 million, a 11% Decrease…Still Leading Market

/in /by

Source : UDC

Hyunjoo Kang / Reporter / jjoo@olednet.com

UDC (Universal Display) that is dominating the global OLED emitting materials market, recorded 11% reduced OLED emitting materials revenue in 2015 compared to 2014. Despite the decreased revenue, it maintained its top place in the market.

According to 2016 OLED Emitting Material Annual Report, published by UBI Research, UDC recorded approximately $ 113 million in 2015 OLED emitting materials revenue. In 2014, this company’s OLED emitting materials revenue recorded $ 127 million and led the global market, and maintained its position in 2015.

In particular, this company is a dominating presence in dopant materials sector. In 2015, UDC occupied 82% of the dopant materials sector, and the rest of the companies share the remaining 18%. Based on the phosphorescent patents, it is supplying phosphorescent red and green dopant to Samsung Display and LG Display.

Following UDC’s top place in 2015 global OLED emitting materials market in terms of revenue, Idemitsu Kosan ranked 2nd, and this was followed by Novaled, Dow Chem., and Samsung SDI. In 2013, Dow Chem. was at the top of the market, but since 2014 UDC overtook the leadership. In 2016, LG Display’s OLED TV mass production line operation rate, materials structure of Galaxy Note series to be mass produced in H2, and other factors are expected to affect the OLED emitting materials market.

UDC is scheduled to announce 2016 Q1 performance on 5 May (local time).

 

LG Display, strategic partnership for OLED business with Japanese firm Idemitsu Kosan

/in /by

LG Display (CEO Sang-beom Han, 韓相範 / www.lgdisplay.com) and OLED materials firm Idemitsu Kosan (CEO 月岡隆, Takashi Tsukioka, hereinafter “Idemitsu”) entered into the agreement on the 11th about the ‘mutual cooperation concerning OLED technology and related patent license’ to further strengthen their competitiveness in the OLED industry.

 

In 1997, Idemitsu developed what was then the world’s brightest blue light organic emitting material for OLED and since then, every effort has been made to develop high-tech OLED materials and diverse device technologies based on its own molecular design and organic synthesis technologies. Consequently, Idemitsu Kosan, the original OLED material technology firm of a top global level possesses numerous major patents in relation to the OLED technology.

 

Through this strategic partnership, LG Display will be accessible to the excellent OLED materials and device structures of the Idemitsu Kosan which will lead to consolidate the research, product development and production of the OLED for TV and flexible OLED, and this eventually will accelerate the expansion of OLED market. By providing high performance OLED materials to the LG Display and collaborating in terms of technology development and commercialization, Idemitsu Kosan is expected to secure leading global clients in the display field.

 

The industry prospects that the two companies have made a chance to perform sound leadership by maximizing the synergy in the OLED business through this partnership.

 

Sang-deok Yeo, president of LG Display OLED Business unit said that, “Through the latest partnership, LG Display is to gain momentum to create OLED TV market on the basis of the OLED related patents of Idemitsu Kosan as well as accelerate the developments of flexible and transparent OLEDs” and added that “This win-win collaborative relationship is expected to have a huge synergy effect on OLED business for both companies.”