DSCC: the OLED material market will reach $2.56 billion in 2022

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.

Posted: Feb 21,2018 by Ron Mertens