Global Organic Light-Emitting Diode (OLED) Materials Market 2017-2021
About OLED Materials
OLED are made of organic (carbon-based) materials that emit light when the electricity is applied to them. OLEDs are used for lighting and displays. OLEDs are used in the mass production of active matrix organic light-emitting diode (AMOLED) panels, including the red, green, and blue (RGB) light-emitting materials. The materials of the common layers include hole transport layer (HTL), electron transport layer (ETL), and a capping layer (CPL), along with other functional materials.
Technavio’s analysts forecast the global OLED materials market to grow at a CAGR of 5.71% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global OLED materials market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global OLED Materials Market 2017-2021
Technavio recognizes the following companies as the key players in the global OLED materials market: DuPont, Merck, Samsung SDI Chemicals and Electronics Materials, Sumitomo Chemical, and Universal Display.
Other Prominent Vendors in the market are: Doosan, The Dow Chemical Company, DUKSAN Hi-Metal, Hodagaya Chemical, Idemitsu Kosan, Konica Minolta, and LG Chem.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing penetration of IoT. The Internet of Things (IoT) is the means to interact with the people, objects, and places over the technology. IoT needs an electronic platform that is persuasive, unobtrusive, and can be integrated. The core components used to achieve these are radio-frequency identification (RFID) and near-field communication (NFC) devices in the IoT. The IoT industries need fast, solution-printed, low-cost electronics that are thin and unbreakable.”
According to the report, one driver in market is increasing adoption of OLED in smartphones. In 2016, around 70% of world’s population owned a smartphone. In 2016, the smartphone market witnessed a shipment of 1.44 billion units when compared to 7% in 2015. The growth is mainly because of the availability of the low-cost smartphones that are paving the way for commerce in emerging markets. In the first quarter of 2016, Samsung shipped around 80 million smartphone devices, and Apple shipped around 50 million iPhones. Huawei’s smartphone shipment rose by 62% in 2016. There is an increase in the penetration rate of OLEDs in major markets like China.
Further, the report states that one challenges in market is issues related to OLED material development and printing technology. Development and processing remain a challenge for OLED materials. During the development phase, manufacturers face issues such as inadequate surface tension, low performance of blue emitters, and non-uniform deposition. OLED displays developed through the ink-jet printing technology had issues such as poor uptime performance, difficulty in formation of multi-layer structures, and no standard technique for RGB and white OLED (WOLED) fabrication.
DuPont, Merck, Samsung SDI Chemicals and Electronics Materials, Sumitomo Chemical, Universal Display, Doosan, The Dow Chemical Company, DUKSAN Hi-Metal, Hodagaya Chemical, Idemitsu Kosan, Konica Minolta, and LG Chem.
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