DSCC: the OLED materials market to grow from $1.7 billion in 2023 to $2.7 billion in 2027

DSCC estimates that the market for OLED evaporation materials (i.e. OLED stack materials) will reach $1.7 billion in 2023, and will grow to $2.7 billion in 2027 (a 11% CAGR from 2023). If UDC will succeed to commercially introduce a blue phosphorescence material, revenues can even be much higher.

OLED materials used in TV applications (and other large-area applications) will grow from $305 million in 2023, to $492 million in 2027, a 13% CAGR. DSCC also sees very fast growth in material used to produce tandem-structure IT displays, which will grow at a 79% CAGR to reach $443 million in 2027.


DSCC details also the revenues by supplier. The top suppliers, until 2027, at least, will be UDC, DuPont, LG Chem and Samsung SDI. These four companies together capture 51% of the revenues. 

Interestingly, DSCC's latest estimate differ from its estimates in July 2023 - back then it estimated only $2.17 billion in revenues in 2027, with the portion of materials used in TV applications much higher.

Posted: Jan 10,2024 by Ron Mertens