Second quarter OLED emitting materials market grew 41.1% compared to the same quarter last year

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According to the OLED emitting material market track published by UBI Research (www.ubiresearch.com), the second quarter earnings was $ 329 million, an increase of 16.6% compared with the previous quarter’s $ 228 million, and 41.1% higher than the second quarter’s $ 233 million.

<Source: 3Q2019 UBI Research OLED Emitting Material Market Track>

As a light emitting materials company with high sales in the second quarter, UDC accounted for 22.7% of the total market with US $ 72.7 million, with Idemitsu Kosan 12%, Merck, Dow Chemical, and Novaled more than 10%. None of the Korean emitting material companies exceeded 10% market share.

UDC’s strongest sales were due to the 6-month-long purchase of dopant material from the BOE, which anticipates it will be difficult to purchase phosphorescent dopant materials in the US-China trade dispute. The phosphorescent red host, phosphorescent green host, and p + materials all exceeded $ 30 million.

According to the analysis of the material usage, the total material usage of the second quarter was 21.3 tons, 21% more than the previous quarter, and 49% higher than the same quarter last year. The high usage of materials compared to the amount is interpreted as a result of a slight decrease in prices as Chinese panel makers use more materials.