UBI Research(www.ubiresearch.com), a company specializing in OLED market research, predicted that the market for OLED emitting materials for 2020 will rapidly grow to $ 1.9 billion.
According to the OLED emitting material market track published by UBI Research every quarter, the emitting material market in 2019 was $ 1.304 billion, up 39.2% from 2018’s $ 0.937 billion market.
The reason for the growth of the emitting market in 2019 is proportional to the growth of the OLED panel market for smartphones. This is because OLED shipments for smartphones in 2018 were 407 million units, but growth was 16% in 2019 at 474 million units. (Source: UBI Research 2020 OLED Display Market Track).
The reason why the emitting material market growth is greater than that of the panel market is that 6G flexible OLED factories of Chinese panel makers have started operation. The production amount is still small, but the yield is low, so the input of the substrate is twice the amount of production, so the consumption of emitting materials is very high. In addition, it is one of the reasons that the market for emitting materials has grown due to the small purchase volume compared to Samsung Display.
As a result of counting sales by emitting materials companies in 2019, UDC accounted for $ 233 million, accounting for 17.9% of total sales, and Samsung SDI accounted for $ 212 million (including Novaled sales), accounting for 16.2%.
In 2020, both panel makers’ capacity and utilization rate are expected to increase, and consumption of emitting materials is also expected to increase.
The total consumption of emitting materials in 2019 was 73 tons, but it is expected to increase to 102 tons in 2020.
Expected consumption for each material is 16.9 tons for HITL materials and 4.15 tons for blue host materials. Blue host and dopant materials are expected to increase rapidly from 2021 when Samsung Display starts mass production of QD-OLED.