New NanoMarkets Report Projects OLED Materials Market to Reach $3.7 Billion by 2019
Glen Allen, VA (PRWEB) June 19, 2014 -- The ongoing penetration of OLED displays in mobile phones and wearables and renewed prospects for the OLED lighting market will catapult the OLED materials market from around $900 million in 2014 to $3.7 billion in 2019. According to the new NanoMarkets report, “OLED Materials Markets– 2014” by 2019, almost 45 percent of the materials revenues for OLEDs will come from the core functional materials (EML, ETL, HTL/EBL and HIL), while the rest comes electrode, encapsulation and substrate materials.
More information on the report including a downloadable excerpt can be found at: http://nanomarkets.net/market_reports/report/oled-materials-markets-2014 .
NanoMarkets also has released a report on the OLED lighting market in May of this year. Details of that report are available at: http://nanomarkets.net/market_reports/report/oled-lighting-markets-2014
About the report:
The report provides coverage of the markets for all the materials listed above with granular eight-year forecasts of each of these materials in volume (weight and deposition area) and value ($ million) terms. The report covers materials for both OLED displays and OLED lighting and takes into consideration the latest developments in the OLED sector such as Konica Minolta’s ramping up of OLED lighting production and Samsung’s step back from the OLED TV sector.
The report also provides in-depth analysis of the all the leading firms involved in the OLED materials space. Companies discussed in this report include Alcoa, AUO, BASF, BOE, Cambrios, Corning, Cynora, Doosan, Dow, Duksan, DuPont, Heraeus, Kateeva, Konica Minolta, LG Chem, LG Display, Lumiotec, Lumtec, Merck, Novaled/Cheil, Philips, Osram, Rolith, Samsung, Sumitomo, Sun Fine Chem, TDK and Tokyo Electron.
From the report:
There remains a considerable amount of uncertainty over the future of large OLED TVs, especially now that Samsung is having second thoughts about this business. NanoMarkets has reduced its expectations for materials demand in this sector from last year. However, NanoMarkets the firm still expects strong growth in the materials consumed by OLED displays, driven by the small-to-medium sized AMOLED used in smartphones, tablets and (more recently) wearable devices.
Meanwhile, solution processing of OLED panels is making good progress and increasingly proving that it is well suited to manufacturing OLEDs. Some of the basic problems around solution-processed OLEDs are being solved. For example, device lifetimes for red and green OLED devices with solution printing processes are now sufficiently long to be of practical use. And several OLED material companies are developing improved soluble materials for the solution processing techniques. Nonetheless, solution processing still poses challenges with regard to luminance uniformity and current stability. The market for solution processed OLED materials is expected to leap from aound $40 million in 2014 to $335 million in 2019 (excludes encapsulation, electrodes and substrates.)
NanoMarkets also expects to see ramp up in the OLED lighting sector starting in 2014. Not only are mass production plants for OLED beginning to emerge, but the prices of OLED lighting are also beginning to drop. For example, in May 2014, LG Chem, one of the top suppliers of OLED lighting announced a price drop in its OLED lighting prices that exceeded 65 percent.
About NanoMarkets:
NanoMarkets tracks and analyzes emerging market opportunities in display materials, lighting, and electronics markets created by developments in advanced materials. The firm has published many OLED-related reports on including OLED materials and OLED lighting. Visit http://www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.
Robert Nolan, NanoMarkets, http://www.nanomarkets.net, +1 (804) 938-0030, [email protected]
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