The following is the In 2020, the global OLED material revenue will reach US $1.259 billion, with a year-on-year growth of 16% From Omdia recommended by recordtrend.com. And this article belongs to the classification: Hardware equipment industry.
The global OLED material market is expected to grow by 40% in 2021, and the material revenue of WOLED and QD OLED is expected to grow by 69%, which will drive the growth of the whole material market.
Blue OLED material is the key to the development of WOLED and QD OLED. Now OLED panel manufacturers are trying to solve the related problems of Blu ray OLED materials by themselves.
WOLED and QD OLED material market is expected to grow by 69% in 2021
By the end of 2020, the global OLED material market for display screens has achieved double-digit growth. In 2020, the global OLED material revenue will reach US $1.259 billion, with a year-on-year growth of 16% (YoY). However, the market seems to be saturated after the substantial growth in 2019, when it expanded by 40% year on year (YoY). As we all know, the growth in 2020 was mainly influenced by COVID-19. Omdia predicts that the OLED material market will rise again this year, as shown below. It is estimated that the global OLED material revenue will reach US $1.754 billion in 2021, representing a 40% year-on-year growth.
Figure 1: annual revenue of OLED materials
It is worth noting that the WOLED / QD OLED material market is expected to reach US $541 million in 2021, with a year-on-year growth of 69%. By then, WOLED / QD OLED materials will account for more than 30% of the total OLED material market. Up to now, WOLED / QD OLED material market is still a minority, accounting for only 25% of the market share in 2020.
Over the years, LG display (LGD) has been the only supplier of WOLED panels, and its OLED TV panel also adopts this technology, which is in a leading position in the market. Due to the limited use of WOLED materials by a single manufacturer, its market share in the whole material market is still very small. However, LGD is stepping up mass production of WOLED panels in its new plant in Guangzhou and will further expand the scale of WOLED panels this year.
In addition, its competitor Samsung display (SDC) is developing and optimizing a corresponding technology for large-scale applications, called QD OLED. The mass production of QD OLED will start in 2021. In 2021, the total revenue of OLED materials will continue to grow, reaching nearly US $2 billion, mainly driven by WOLED and QD OLED.
Blue luminescent material is the key to the development of WOLED and QD OLED
However, QD OLED is still in research and development, and its first mass production schedule has not been fully determined. It can be seen that whether QD OLED can be launched as soon as possible and quickly penetrate the market is very important for the prediction of OLED material market growth in the next few years. Among the many technical problems faced by QD OLED, Blu ray OLED materials may still be regarded as the core problem.
As we all know, QD OLED and WOLED structures are composed of multiple blue emitting layers, while red and green have only one single layer. This is mainly due to the low luminous efficiency of blue light-emitting materials, which is also the main obstacle to reduce the cost and improve the performance of QD OLED. The limited supply chain of blue materials is another problem. Idemitsu Kosan of Japan is almost the only supplier of blue luminescent materials for WOLED. Recently, JNC of Japan has launched a new type of high-performance Blu ray OLED material and established a joint venture with SK materials of South Korea to actively promote it to SDC and LGD. It is trying to penetrate the blue light material supply chain, which is almost monopolized by Idemitsu Kosan.
At the same time, OLED panel manufacturers are now trying to improve their own Blu ray OLED materials. Thermally activated delayed fluorescence (TADF) materials are considered as a powerful candidate to replace blue phosphors. SDC and LGD have invested in Germany’s cynora, the most advanced company in TADF development. LG Chemical, the brother company of LGD, has obtained patents for OLED from DuPont, including key demands for improving Blu ray materials.
Omdia: from 2021, the supply of curved surface monitoring display panel will decrease sharply. Omdia: in May 2020, the delivery of large-size panel will increase by 16% on a month on month basis, reaching a new record in recent years, 4.93 million pieces omdia: in April 2020, the shipment of large-size panels will reach 63.44 million pieces, a decrease of 2% on a month on month basis. Omdia: in 2021, China’s AMOLED capacity will increase significantly. Omdia: in March 2020, the shipment of large-size panels will reach 64.16 million pieces, a rise of 28% on a month on month basis, 4.16 million omdia: traditional PON equipment manufacturers welcome three challengers, 9 million 200 thousand Omdia: forecast that China’s Chinese mainland panel plant will add 120 thousand new generation of 8.5 generation panel capacity in 2021 to focus on IT panel production Omdia: large size screen display driver chips will be a long term normal Omdia: China semiconductor 28nm technology is expected to realize self reliance Omdia: within two years. It is estimated that the global display glass substrate will continue to be in short supply in 2021. Omdia: 28nm will become a long node process for semiconductor applications in the next five years
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