OLED Emitting Material Market Projected to Grow from $2.86 Billion in 2025 to $3.72 Billion by 2029

According to UBI Research’s “2Q25_Quarterly OLED Emitting Material Market Tracker”, the OLED emitting material market reached $490 million in the first quarter of 2025 and is expected to achieve a total of $2.86 billion for the full year. The market is projected to grow at a compound annual growth rate (CAGR) of 6.7%, reaching $3.72 billion by 2029.

By nation, due to the production cycle characteristics of Korean panel makers—whose shipments are concentrated in the second half of the year—Chinese OLED panel makers surpassed Korean makers in terms of emitting material revenue for the first time in Q1 2025. However, with the mass production of Apple’s iPhone 17 and iPad Pro panels beginning in Q2, Korean panel makers are expected to regain the lead in the second half of the year.

In terms of company-specific material usage in 2025, Samsung Display is projected to hold a 39.8% share, followed by LG Display with 19.9%, and BOE with 13.1%. Korean panel makers are expected to maintain a combined market share of 55% through 2029.

UBI Research analyst Changho Noh stated, “Although Chinese panel makers temporarily overtook their Korean counterparts in emitting material revenue in Q1 2025, Korean companies are expected to recover soon,” and added, “While Korean panel makers may fall behind Chinese makers in shipment volume from 2025, they will continue to dominate in terms of emitting material revenue for the time being.”

Chang Ho NOH, Analyst at UBI Research  (chnoh@ubiresearch.com)

OLED Emitting Material Market Tracker Sample