OLED material usage in 2024 will reach a record 130 tons, surpassing 200 tons in 2028

According to UBI Research’s “1Q25 Quarterly OLED Material Market Tracker,” the amount of emitting material used in 2024 was 130 tons. Shipments from Korean and Chinese panel makers increased simultaneously, up nearly 30% from 2023.
By company, Samsung Display continues to hold the largest share, and its rigid OLED shipments have been rising rapidly, driving material usage higher and higher. Samsung Display accounted for 42% of the total OLED emission materials market by volume, followed by LG Display at 20% and BOE at 13.2%.

While Korean panel makers still dominate in terms of material usage, Chinese panel makers are not far behind. In China, OLED shipments for smartphones from BOE, TCL CSOT, Tianma, Visionox, and EDO grew at a CAGR of 51% from 114 million units in 2021 to 394 million units in 2024. In addition, as Chinese panel makers such as BOE and EDO have recently begun supplying OLED panels for IT, the consumption of luminescent materials by Chinese panel makers is expected to increase even more steeply.

“In 2025, Samsung Display and LG Display are expected to ship more panels for iPhones than in 2024, and the overall shipments of IT devices such as tablet PCs, notebooks, and monitors are expected to increase significantly compared to 2024, so the growth of the luminescent material market is expected to continue for a while,” said Dr. Changho Noh of Ubi Research. “Additionally, with the expansion of mass production of OLEDs for IT by Chinese panel companies, the luminescent material market is expected to exceed 200 tons by 2028.”

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

OLED Emitting Material Market Track Sample