OLED Materials Markets 2015-2022: Momentum and Opportunities
n-tech has covered the OLED materials space for eight years, and we have watched expectations for this market swing backwards and forwards. For the moment there seems to be rising demand for OLED phones and tablets, but the short-term picture remains uncertain for OLED lighting and OLED TV panels. An old debate that shows no sign of going away is whether OLED materials can be effectively solution-processed. New issues are emerging and will help shape the OLED materials business, such as being “green” and avoiding rare and costly materials in what are often price-sensitive markets.
Perhaps the most interesting aspect of the OLED materials market is how the structure of the industry is changing. With all the uncertainties and captive markets, do newer companies in this space stand a chance? What will happen to the established suppliers in Japan who have been around since the days when “OLED” meant PM OLED?
This new report provides answers to all these questions. As with all n-tech reports, we include detailed volume and revenue forecasts, broken out by application, material type, functionality, and deposition method. We also examine the core strategies of leading players in the OLED materials space.
E.1 Changes in the OLED Materials Market in the Past Year
E.1.1 Technology Changes and Issues to Solve
E.1.2 Market and Supply Chain Changes
E.2 Are There Still Market Opportunities in the OLED Materials Space?
E.3 Key Companies to Watch
E.4 Summary of Eight-Year Forecasts for OLED Materials
Chapter One: Introduction
1.1 Background to this Report
1.2 Objective and Scope of this Report
1.5 Plan of this Report
Chapter Two: Markets for OLED Materials: Awaiting News on TVs and Lighting
2.1 Small and Medium Displays: A Reliable Market for OLED Materials
2.2 What OLED TV’s Success Would Mean for the OLED Materials Business
2.3 OLED Materials and the Future of OLED Lighting
2.4 Automotive OLED Lighting: What Materials Should Expect
2.5 Will Wearables be the Next Market for OLEDs? Implications for OLED Materials
2.6Key Points from this Chapter
Chapter Three: Trends Shaping the OLED Materials Market
3.1 New Trends in the Emissive Layer: Commercial Implications
3.1.1 Blue: The Neverending Story
3.2 Other Trends in the OLED Stack: Commercial Implications for Materials
3.3 Eliminating Iridium and Other Environmental Issues
3.4 Flexible OLEDs are Real: So What is the Future of Encapsulation?
3.5 Will Ever OLEDs Move Past ITO?
3.6 Solution Processing for OLEDs: If Not Now When?
3.7 Key Points from this Chapter
Chapter Four: Evolution of the OLED Supply Chain
4.1 The Future of Traditional Japanese OLED Materials Suppliers
4.2 UDC in Next Decade
4.3 The Samsung Materials Supply Chain
4.3.1 A New Role for Novaled
4.4 The LG Materials Supply Chain
4.5 If Apple Goes OLED Who Will Supply Its Materials?
4.6 Can OLED Materials Startups Succeed?
4.7 China Changes Everything
4.8 Key Points from this Chapter
Chapter Five: OLED Materials and Market Forecasts
5.1 Forecasting Methodology and Assumptions
5.1.1 Changes from Last Year's Forecast
5.1.2 Pricing Assumptions
5.1.3 General Economic Assumptions
5.2 Panel Area Forecasts for OLED Panels by Application: Displays and Lighting
5.3 Eight-Year Forecasts of OLED Emissive Layer Materials
5.4 Eight-Year Forecasts of Electron Transport Materials
5.5 Eight-Year Forecasts of Hole Transport, Hole Blocking, and Electron Blocking Materials
5.6 Eight-Year Forecasts of Hole Injection Layer Materials
5.7 Eight-Year Forecasts of Electrode Materials in OLEDs
5.8 Eight-Year Forecasts of OLED Encapsulation
5.9 Eight-Year Forecasts of Substrates in OLEDs
5.10 Summary of Eight-Year Forecasts of OLED Materials
5.10.1 Breakout by type of manufacturing
Acronyms and Abbreviations
About the Author
OLED Materials Markets 2015-2022: Momentum and Opportunities
Glen Allen, VA: In a newly released report, industry analyst firm n-tech Research projects the market for OLED materials at roughly $970 million in 2015, exceeding $4.4 billion by 2020, and $9.7 billion by 2022. The report titled, "OLED Materials Markets 2015-2022: Momentum and Opportunities" continues the firm tenth year of covering OLEDs. Additional details including a downloadable excerpt, are available at: http://ntechresearch.com/market_reports/oled-materials-markets-2015-2022-momentum-and-opportunities
About the Report:
n-tech Research has watched expectations for the OLED materials space swing forwards and backwards over the past eight years, in step the broader markets for OLED panels. In this latest report, we identify where the opportunities are in the OLED materials business today and over the next eight years.
This report includes estimates and projections of OLED shipments and manufacturing capacity, and how these will likely translate into materials requirements. This report includes detailed volume and eight-year revenue forecasts, broken out by application, material type, functionality, and deposition method (where possible and appropriate).
We also examine the core strategies of leading players in the OLED materials space, including technology differentiation and key partnerships. Companies discussed in this report include: Apple, AU Optronics, BASF, BOE Display, Cheil Industries/Novaled, China Star Optoelectronics (CSOT), Corning, Cynora, Doosan Corp. Electro-Materials, Dow Chemical, Duksan Hi-Metal, DuPont, EverDisplay, FlexEnable, Guangzhou New Vision, Henkel, Heraeus, Idemitsu Kosan, Japan Display Inc., Kateeva, Konica Minolta, LG Chemical, LG Display, Merck/EMD, Mitsubishi Chemical, Nippon Glass (NEG), Nippon Steel & Sumikin Chemical, OLEDWorks, Osram, Panasonic, Pixelligent, Samsung Display, Seiko Epson, Sony, Sumitomo, Sun Fine Chem/Hodogaya, TCL Group, Universal Display (UDC), and Visionox.
Highlights from the Report:
• Among end markets, we continue to see some positive developments in some segments (mobile devices, wearable electronics) but some uncertainty in others (TVs and lighting). We also are watching the emergence of many important technical trends that are being driven by smaller firms.
• Pricing pressures and discounts for key OLED materials are common, and will only worsen with the expiration of key IP over the next few years. This can be offset to an extent through development of novel value-added materials, including better-performing emitters.
• One such area of hot pursuit is developing a better (deep) blue PHOLED emitter and host material, the last piece of the puzzle for a completely phosphorescent OLED with maximized performance potential. Whoever solves this problem is going to generate significant revenue.
• Another example of novel OLED materials development is thermally activated delayed fluorescence (TADF), which promises very high efficiencies and avoids use of iridium—and could also solve the blue emitter riddle—though there are questions about its degradation and temperature sensitivity.
• Whether OLEDs can be effectively solution-processed is an old debate that shows no signs of going away. Recent progress seems to bring this slightly closer to production readiness.
• Improvements also are happening in flexible substrates and encapsulation, though the jury's still very much out on which if any options will prove worthy of commercially produced OLED panels in the near future.
• So much of OLED materials demand is controlled by Samsung, and to a lesser extent LG, that any suppliers need to understand where they fit into those supply chains—and against each firm’s in-house supply capabilities (Novaled/Cheil and LG Chem). That said, there are opportunities arising, notably from China.
About n-tech Research:
n-tech Research is the leading provider of market research and industry analysis for the OLED market with coverage dating back to 2006. Visit http://www.ntechresearch.net for a full listing of the firm’s services.
posted Jul 10, 2015