Display Supply Chain Consultants (DSCC) says that OLED material revenues grew 43% to reach $869 million in 2017. DSCC expects the OLED material market to grow at a 24% CAGR until 2022, when the market will reach $2.56 billion.

OLED material revenue by type (2016-2022, DSCC)

The small/medium display market accounts to about 59% of the total OLED material market, and this will continue until 2022. For the TV market, DSCC expects ink-jet printing to enable producers to make lower the material costs of OLED TV production, and OLED TV materials will grow at a rate of 23%, from $344 in 2017 to $963 million in 2022.

DSCC sees fast growth (43% CAGR) in the OLED lighting market, but material usage will remain small and reach $69 million in 2022 (up from $11 million in 2017).

The company with the largest market share of all OLED material makers is Universal Display, which is expected to increase its market share and grow at a CAGR of 30%. UDC sales in 2022 are expected to reach $600 million in 2022. Dow Dupont and Merck will be the 2nd and 3rd largest suppliers, with market share of 15% and 14% in 2022, respectively.

OLED material revenue by supplier (2016-2022, DSCC)

It is interesting to see that DSCC does not expect TADF makers Cynora and Kyulux to achieve significant shares, these two companies are not even included in DSCC's report.

Atomic Force Microscopy for next-gen OLED processesAtomic Force Microscopy for next-gen OLED processes