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Display materials see growth in H2 2015

Posted: 18 Aug 2015     Print Version  Bookmark and Share

Keywords:AMOLED  WOLED  display  light-emitting diode 

The overall use of active-matrix organic light-emitting diode (AMOLED) materials will dramatically increase in the second half of the year, according to IHS Inc. The upsurge is brought by LG Display's increased production of white organic light-emitting diode (WOLED) TV panels.

The WOLED organic materials market reached $58 million in the first half of 2015, but the market will reach $165 million, increasing three times in the second half of the year. IHS predicts that the WOLED organic materials market will grow at a compound annual growth rate (CAGR) of 79 per cent from 2014 to 2019.

"Although the WOLED organic materials market is still at a fledgling state, it will grow considerably in tandem with a rise in WOLED panel production, beginning in the second half of 2015," said Kihyun Kim, senior analyst for display chemical and materials at IHS Technology. "Since WOLED technology is mainly used for large-area AMOLED displays, particularly TVs, this rapid growth in the WOLED market will lead the continued growth in the overall AMOLED materials market."

LG Display, the leader in the WOLED panel market, began manufacturing WOLED TV panels in their E3 line in Paju, South Korea, in the fourth quarter of 2012. To mass-produce WOLED panels, the company installed 8th generation mother glass processing in its E4 line in February 2014. While the line became operational in Q4 2014, the line yield has been low to date; however, full operation is set to begin in earnest in the second quarter 2015.

"Most AMOLED TV panel makers, especially in China, are focusing on WOLED technology, which supports future WOLED material market growth," Kim said.

AMOLED

The total AMOLED materials market, including both the fine-metal mask red-green-blue (FMM RGB) and WOLED types, will grow 54 per cent year over year to reach $658 million in 2015, according to the latest IHS OLED Materials Market Tracker forecast. The AMOLED materials market is expected to reach $2 billion in 2019, growing at a CAGR of 37 per cent from 2014 to 2019.

The IHS OLED Materials Market Tracker includes market analysis and forecasts for organic light-emitting materials, consumption of the materials by AMOLED panel makers, and the status of organic light-emitting materials suppliers.


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