A Korean venture company has succeeded in developing blue dopant for Organic Light Emitting Diodes (OLED) that a Japanese company has had its exclusive patent for. The dopant is an element that improves efficiency and life time by mixing with host that actually colors within the OLED.
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Merck and Idemitsu Kosan announced on November 7 that they made an agreement to use a part of patent rights of both companies’ OLED materials.
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.
In the midst of UDC’s domination of 2015 global emitting materials market, with Japanese Idemitsu Kosan’s rapid growth and slump of Korean emitting materials companies, there has been changes to the environment.