I. Overview of the Global OLED Materials Industry

OLED organic light-emitting materials have higher technical barriers and broad profit margins. In the OLED industry chain, the upstream mainly includes equipment manufacturing, material and component manufacturing, the midstream is mainly module assembly and panel manufacturing, and the downstream involves multiple terminal fields such as mobile phones, TVs, VR, and wearable devices. The field of upstream OLED organic light-emitting materials including anodes, cathodes, transmission layer materials, and light-emitting layer materials is a new domestic market area, which accounts for a higher total cost of OLED products and has higher technical barriers and profit margins.

Analysis of the development status of China's OLED materials industry

According to statistics, the global OLED material market size reached USD 1.04 billion in 2018. Although the application prospects of OLED lighting are not clear, with the growth of AMOLED in televisions, mobile phones and other applications, it is expected that the size of the OLED material market will be fast in 2023. It increased to US $ 2.28 billion, with a compound annual growth rate of 17.1% in 2018-2023.


Source: Public data collation

The application of OLED is mainly concentrated in the panels for smart phones and TVs. Global smartphone shipments in 2018 decreased by 4.1% compared to 2017, reducing the market size of small-size panel OLED materials. Large-sized OLED TVs require more OLED materials, and shipments have steadily increased. The market size surpassed OLED materials for smartphones in 2018. In the future, the application of inkjet printing technology will continue to reduce the production cost of OLED TVs, which will further promote the market demand for OLED materials.


Source: Public data collation

In the Chinese market, with the continuous improvement of OLED layout and technological progress, the scale of China's OLED industry has grown rapidly. In recent years, China's OLED output value has increased from USD 730 million in 2012 to USD 13.11 billion.


Source: Public data collation