UBI Research estimates that the OLED material market will grow to $1.17 billion in 2019, and to $1.87 billion in 2021. The market is expected to reach $2 billion in revenues in 2023.
Interestingly, UBI says that in 2029 70% of the materials will be consumed by Korean companies (LGD and SDC) - and Korea's market share will grow to 75.6% in 2023. This will be driven be soaring consumption of materials for TV production (OLED TV materials will take up 49.7% of the total market in 2023 up from only 21.1% in 2019).
Posted: Apr 06,2019 by Ron Mertens
