The ongoing global economic slump has led to falling demand in display panels. A new report published by UBI Research forecasts 2023 OLED fluorescent materials market to be US$1.92 billion with an annual growth rate of 7.7% YoY. It estimates the scale to climb to US$2.59 billion in 2027, a reduction from US$2.75 billion as suggested in its previous report in November 2022.
For small-sized OLED fluorescent materials, the market is estimated to grow at a rate of 7.7% YoY in average after 2023, and reach a scale of US$1.61 billion in 2027. The small-sized OLED fluorescent materials market will see a change in smartphone category: climbing shipments of foldable OLED displays will impact future shipments of rigid OLED displays for smartphone.
Regarding pull-in for small-sized OLED fluorescent materials, UBI Research estimates Samsung Display will purchase US$560 million worth of said materials, BOE US$430 million, and LG Display approximately US$200 million in 2027.
For large-sized OLED fluorescent materials, UBI Research estimates LG Display to ship 12 million pieces of white light OLED panels (WOLED) with a material pull-in of US$430 million and Samsung Display to ship 3 million pieces of QD-OLED panels with a material pull-in of US$140 million in 2027.
In terms of market share breakdown by evaporation method, the institute estimates RGB OLED to have 66.6% share, WOLED 16.5%, RGB OLED of tandem structure 11.4%, and QD-OLED 5.5% in 2027.
Article translated by Angie Li
