DSCC says that the OLED materials market will reach $2.12 billion in 2024, rising 24% over 2023. The market will continue growing at a 6% CAGR until 2028, reaching about $2.7 billion. DSCC details the revenue split between single-stack, tandem and multi-stack panels, saying that materials used in tandem OLED panels will grow at a fast rate of 30% CAGR from 2024-2028.
The leading materials makers by revenue in 2024 will be UDC, DuPont, LG Chemical and Samsung SDI, holding a market share of 51% together. DSCC says that Chinese materials makers will increase their market share in the future.
DSCC also looks at the adoption of next-generation efficient blue materials. The company expects the first commercial devices with UDC's blue PHOLED to arrive at the end of 2025 at the earliest, and the adoption of UDC's blue material is likely to be slower compared to the adoption of its red and green materials.
