UBI Research forecast of OLED components and materials market growth to $20.2 billion by 2029

OLED Components and Materials Market to Grow to $20.2 Billion by 2029

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Forecast of top 20 OLED components and materials market (Source: UBI Research)

Market forecast for top 20 OLED components and materials (Source: UBI Research)

UBI Research has released the “2025 OLED Components and Materials Report”. This report provides a comprehensive analysis of key components and material technologies and markets in response to the expanding demand for OLEDs in smartphones, foldable phones, tablets, laptops, TVs, and automotive displays.

The report systematically forecasts OLED shipments from 2025 to 2029, and the market size and usage of 20 major components and materials (Substrate, TFT, Encapsulation, Touch Sensor, Polarizer, Adhesive, Cover Window, Driver IC & COF, Composite Sheet, Process Film, etc). The report also presents an evolutionary roadmap from currently commercialized technologies such as MLA, COE, LTPO, Oxide TFT, ultra-thin glass, and TFE to next-generation materials for next-generation XR-AR and stretchable devices.

According to the report, the OLED components and materials market is expected to be worth approximately $17.2 billion in 2025, growing at a CAGR of 4% to reach approximately $20.2 billion by 2029. In particular, the market for components and materials for mobile devices will lead the overall market, growing from $16.2 billion in 2025 to $18.7 billion in 2029. The market for OLED components and materials for TVs is expected to grow at a CAGR of 10.5% to reach $1.5 billion in 2029.

In particular, the report provides an in-depth analysis of the major developments in OLED component materials, including OLED panel structures, component materials for foldable and rollerable devices, Color Filter on Encapsulation (COE) and Ultra-Thin Glass (UTG), internal and external hinges (CFRP, metal plate, GMF), protective films, Shear Thickening Fluid (STF), light efficiency enhancement materials (Micro Lens Array), encapsulation technology, QD and Oxide TFT, adhesive and heat dissipation materials, substrates, and metal masks.

This report will be an important resource for understanding the investment direction and supply chain strategies of global panel and set companies, focusing on the keywords of “ultra-high functionality, slimness, form factor diversification, In-house production, and new processes” in the OLED component and material industry.

Changho Noh,  Senior Analyst at UBI Research  (chnoh@ubiresearch.com)

▶2025 OLED Components and Materials Report