In July 2017, Idemitsu Kosan and LG Chem announced a new collaboration agreement that will allow both companies to use each other OLED material-related patents in certain areas.
LG Chem was producing OLED lighting panels, but in 2015 the company sold the OLED lighting business unit to LG Display is a $135 million deal.
The latest LG Chem OLED news:
DSCC says that the OLED circular polarizer market is set to grow from $428 million in 2017 to $1.27 billion in 2022. The market is still dominated by mobile displays.
The OLED circular polarizer market is led by two companies, Sumitomo Chemical and Nitto Denko, with LG Chem increasing its market share in OLED TVs polarizers.
DSCC lowered its OLED material revenue forecasts, saying that the market is expected to grow at a 25% CAGR from $773 million in 2017 to $2.35 billion in 2022 (down from its previous estimates of $2.56 billion in 2022). The fastest growing (51% CAGR) OLED application will be OLED lighting, which will grow from $12 million in 2017 to $95 million in 2022.
DSCC also published the material stack for Samsung's latest OLEDs (used in the Galaxy S9), which you can see above.
IHS Markit says that global AMOLED production capacity is set to grow from 11.9 million square meters to 50.1 million sqm in 2022 - that's a 320% growth in 5 years. Samsung and LGD will remain the market leaders and Korea will have a market share of 71% in 2022 (down from 93% in 2017). China-based OLED makers will have a market share of 26% in 2022 (up from 5% in 2017).
IHS says that the majority of OLED capacity will still be used to produce RGB (direct-emission) OLEDs in 2022. RGB OLED production capacity will grow from 8.9 million sqm in 2017 to 31.9 million sqm in 2022. WOLED (WRGB) OLED TV panel capacity will grow from 3 million sqm in 2017 to 18.2 million sqm in 2022.
Idemitsu and LG Chem hope that this collaboration and patent sharing agreement will accelerate the development of new high-performance OLED materials. Through this cooperative arrangement, both companies will strongly support the OLED business of LG Display - but will also offer the outcome of this collaboration to other display companies.
The Korea Herald reports that Apple is in talks with LG Display to invest 2-3 trillion Won ($1.7-$2.6 billion USD) in LG's OLED production lines, in order to exclusively reserve some of LG's flexible OLED capacity.
The report says that the two firms already agreed on these investment plans, but the details (which includes the investment size and timing) have not been finalized yet. A couple of month ago we heard reports (originating from another Korean news outlet, Business Korea) that LGD is in talks with Apple.
UBI: the OLED emitter material market grew 17% in 2015 as producers increase capacity and change material suppliers
According to UBI Research, the market for OLED emitting materials grew 17% from 2014 to 2015. Universal Display (the top supplier in terms of revenues), Dow Chemical and LG Chem saw a decrease in sales while Novaled, Idemitsu Kosan and Samsung SDI saw improved revenues.
Samsung Display is the largest OLED producer by far, and so when it changes suppliers it changes the whole market. UBI says that in 2015 Idemitsu Kosan, the second supplier in terms of revenue started delivering blue fluorescent emitters to Samsung Display, and also enjoyed the ramp-up in OLED TV production by LGD.
In October 2015, LG Chem announced that it has sold its OLED lighting business to LG Display, for $135 million USD, and the deal was finalized towards the end of 2015.
LG decided to consolidate all OLED production under LG Display - which will hopefully enable LG to advance OLED lighting more quickly - and at a lower cost. LG Chem has been discussing a Gen-5 OLED lighting production line since 2012, and the before the merger the company had plans to construct a new $185 million production line for OLED lighting by 2017.
Towards the end of October 2015, Workrite Ergonomics launched their first OLED lamp, the Natural OLED desk light. The Natural uses a single 320x110 mm OLED panel produced by LG (the N6BB40C panel). This panel offers 442 lumens at 13.7 W (32 lm/W), a high CRI (94) and a neutral white light - 3900K. The lifetime of the Natural is rated at 30,000h (LT70) at the lowest brightness setting. The Natural is now shipping for $239.
The nice guys at Workrite were kind enough to send us a desk lamp for a review here at OLED-Info. I gave the lamp to our very own Roni Peleg to try out and write this review, which you can read below.
In October 2015, LG Chem announced that it has sold its OLED lighting business to LG Display, for $135 million USD. LG decided to consolidate all OLED production under LG Display - which will hopefully enable LG to advance OLED lighting more quickly - and at a lower cost.
Today it was announced that the deal has completed, and the OLED lighting business is now part of LG Display. According to reports from Korea, going forward LGD will focus on automotive lighting - but talking to LG they clarify that they will focus on both general lighting and automotive lighting.
LG Chem collaborated with Korean 3D printer maker 3D-Box to show how easy it is to produce an OLED lamp with 3D printing:
LG Chem is one of the world's OLED lighting leaders and is producing several OLED panels including the world's first truly-bendable panels - only a few weeks ago they announced 406x60 mm plastic-based bendable panels. Last month LG Display announced it acquired LG Chem's OLED lighting unit for $142 million in a bid to consolidate LG's OLED technologies and manufacturing capabilities.