Omdia: the OLED materials market to return to growth in 2024, to reach $2.6 billion by 2028

Omdia estimates that growth will return to the OLED materials market after two years of slow OLED TV sales. Material sales will increase to over $2 billion in 2024, for the first time, and will continue growing to reach $2.6 billion by 2028.

Omdia sees an improvement in the utilization of LG's WOLED fabs in 2024. LGD's E4 line in Paju, for example, have rebounded to over 60% in Q1 2024, up from only 33% at the end of 2023. The company's WOLED line in Guangzhou also increased its utilization to over 50%. 

Posted: Jun 13,2024 by Ron Mertens