OLED sales set to soar

Wednesday, 17 March, 2010

Fuelled by a rapidly developing OLED lighting market and many new applications for OLED displays beyond mobile phone sub-displays and MP3 players, there will be an explosion in demand for OLED materials of all kinds, says a new report from NanoMarkets, an industry analysis firm based in the US.

According to the report, the OLED materials market will grow from around $460 million in 2010 to $3.1 billion in 2015.

The new report says OLED lighting is expected to consume about 70% of materials by 2015. OLED lighting has fewer materials challenges than equivalent-sized displays and is a major factor in why this part of the market is taking off.

On the substrate front, flexibility is what the industry is striving for to take up the benefits offered by roll-to-roll processing of OLEDs. However, such substrates are currently challenged by insufficient barrier characteristics and by high costs so rigid glass substrates, which offer the best combination of performance, costs and manufacturability, will be the de facto option at least until 2012.

The company sees a consolidation of control of important intellectual property in the OLED materials space with UDC, Summation and LG holding pivotal positions. Access to established IP is an increasingly important factor for success, especially for materials used in the organic layers of OLEDs.

The report, Markets for OLED Materials: 2010-2017, provides an analysis of the commercial opportunities for materials used in OLED lighting and displays. The coverage comprises materials used in all the layers of an OLED including the electrodes, encapsulation and substrate layers, as well as the organic layers (EML, ETL, HTL/EBL and HIL.)

The report also discusses in detail the materials applications for a wide variety of OLED applications including mobile phones and other handhelds, TVs and other video equipment, general and architectural illumination, backlighting, etc.

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