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Novel AMOLED materials set to surge in H2 2015

Rapid growth in the WOLED market continues to lead the growth in the overall AMOLED materials market as WOLED technology is used for large-area TV AMOLED displays

17 Aug 2015 | Editor

IHS has recently announced the findings from the latest IHS OLED Materials Market Tracker forecast and according to IHS starting in the second half of 2015, the overall consumption of AM-OLED materials will surge, as LG Display increases the production of white OLED (WOLED) TV panels.

In the first half of 2015, the WOLED organic materials market reached US$58 million; however, in the second half of the year the market will increase nearly threefold, reaching $165 million. The WOLED organic materials market is forecast to grow at a compound annual growth rate (CAGR) of 79 percent from 2014 to 2019.

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 (Q4) of 2012. To mass produce WOLED panels, the company installed Gen 8 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 (Q2) 2015.

IHS - AMOLED material forecast by technology<

Figure: IHS - AMOLED material forecast by technology

The total AM-OLED materials market, including both the fine-metal mask red-green-blue (FMM RGB) and WOLED types, will grow 54% year over year to reach $658 million in 2015. The AM-OLED materials market is expected to reach US$2.0 billion in 2019, growing at a CAGR of 37 percent from 2014 to 2019.

Kihyun Kim, senior analyst for display chemical and materials at IHS Technology, said, "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."
Kihyun Kim added, "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."
Kihyun Kim, said further, "Most AMOLED TV panel makers, especially in China, are focusing on WOLED technology, which supports future WOLED material market growth."

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