Nanomarkets released a new OLED lighting material report (OLED Lighting Materials Market Forecast 2013) in which they forecast that the OLED lighting materials market will surpass $1.3 billion in revenues in 2018, as OLED lighting moved beyond luxury luminaires and designer kits and into larger, general illumination applications. They say that the market value of functional OLED materials (emitters, hosts, blocking/transport/injection materials) will grow from $1.7 million in 2012 to over $1.1 billion in 2019.
Other key findings from this report:
- The market value of solution-processable small molecule OLED materials will account for nearly $400 million by 2019.
- The market value of encapsulation in OLED lighting applications is expected to grow from under $1 million today to a value of over $50 million by 2015 and over $450 million by the end of the forecast period in 2019.
- Today almost 95% of the materials goes into "specialty OLED lighting applications" (designer kits, luxury and premium lumiaries, etc.). By the end of the forecast period in 2019, 80% of the total $2.8 billion OLED lighting materials (not just the OLED stack materials) market will go into residential and commercial general illumination applications. Automotive applications will amount to 18%.