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OLED emitting material usage will grow 28% year-over-year in 2025

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UBI Research’s “2025 OLED Emitting Materials Report” analyzes the latest trends and key issues in the OLED industry and comprehensively analyzes the technological development direction of OLED panel companies and luminescent materials companies. It also analyzes the mass production capacities of OLED panel companies, supply chain and panel structure, and analyzes the performance of luminescent materials in detail and forecasts the market size.

In terms of technology trends, the competition for high-efficiency and long-life luminescent technologies such as hyperfluorescence and phosphorescent materials is intensifying, and improving the external quantum efficiency and lifetime of blue materials is emerging as a key challenge for market expansion. While material innovations such as deuterium-substituted and boron-based fluorescent materials are actively underway, Chinese companies are rapidly expanding their presence in the dopant and host sectors, deepening their penetration into the global supply chain.

In 2024, the use of luminescent materials was 129 tons. This was up nearly 30% from 101 tons in 2023, driven by simultaneous increases in shipments from Korean and Chinese panel makers. Samsung Display continues to account for the largest share, and its rigid OLED shipments have been increasingly driving material usage.

“OLED emitting material demand from Korean panel makers is expected to reach 111 tons in 2025 and 150 tons in 2029, while material demand from Chinese panel makers is expected to grow at a CAGR of 10.3% from 54.4 tons in 2025 to reach 80.6 tons in 2029,” said Changho Noh, a research director at UBI Research.

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

▶2025 OLED Emitting Materials Report Sample

Korean OLED Panel Makers’ Emitting Material Purchases Reach 51.2% in H1, with a Modest Recovery Expected in H2

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According to UBI Research’s recently published “3Q24 OLED Emitting Materials Market Track,” the purchase of emitting materials by Korean OLED panel manufacturers in the first half of 2024 totaled $495 million, representing 51.2% of the market share—a 7.8% decrease compared to the same period last year. This is a notable shift. Meanwhile, Chinese companies held 48.8% of the market share, up 7.8% year-on-year, with purchases amounting to $471 million.

As Chinese panel manufacturers ramp up shipments, the gap in the purchase of emitting materials between Korean and Chinese companies is steadily narrowing. In the first quarter of 2024, for the first time, Korean OLED panel companies’ share of emitting material purchases fell to 47.4%, lower than that of Chinese companies.

However, from the second quarter onward, with the increase in OLED panel shipments for IT devices and the production of panels for the iPhone 16 by Korean manufacturers, their share rebounded to 54.7%. While BOE passed the sample certification for the iPhone 16, the delay in mass production is expected to result in smaller shipments this year. Additionally, certification for the iPhone 16 Max, which was expected to be produced at BOE’s B12 factory, was not approved.

With the reduction in BOE’s iPhone shipments, Korean panel makers are likely to see an increase in panel shipments. Thanks to growing OLED panel orders from Apple for products like the iPhone and iPad Pro, Korean purchases of emitting materials are expected to rise to a 55.6% market share by the end of 2024, a notable increase compared to the first half of the year.

▶AMOLED Emitting Material Market Track Sample

OLED emitting material demand expected to grow to 177 tons by 2028

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According to the ‘2024 OLED Emitting Materials Report’ recently published by UBI Research, the total demand for emitting materials in 2024 is expected to be 131 tons, and the demand for emitting materials is expected to be 177 tons by 2028 with an average annual growth rate of 7.9%.

According to the report, as Samsung Electronics applied rigid OLED to its Galaxy A entry-level product, Samsung Display’s rigid OLED shipments, which were previously expected to decrease, increased. Additionally, as the application of OLED to IT devices, including iPad, expands, the demand for emitting materials is expected to increase until 2028.

The size of the OLED emitting materials market is also expected to increase. According to the report, the overall OLED emitting material market is expected to grow from $2.4 billion in 2024 to $2.7 billion in 2028.

Korean panel companies’ OLED emitting material purchases are expected to increase from $1.4 billion in 2024 to $1.5 billion in 2028, and Chinese panel companies’ material purchases are expected to increase from $980 million in 2024 to $1.21 billion in 2028.

‘The 2024 OLED Emitting Materials Report ‘ includes the latest trends in iPad Pro OLED, which recently started production, emitting material structure and supply chain, 8.6G IT line investment trend by panel company, tandem OLED emitting material development trend, and high-efficiency and long-life emitting material development trend, etc.

▶ 2024 OLED Emitting Materials Report Sample Download

OLED emitting materials market in 2027 expected to reach US$ 2.59 billion with an average annual growth rate of 7.7%

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According to the ‘2023 OLED Emitting Material Report’ recently published by UBI Research, the total emitting material market is expected to reach US$ 2.59 billion in 2027 with an average annual growth rate of 7.7% from US$ 1.92 billion in 2023.

total emitting material market

total emitting material market

Analyst Yoon Daejeong of UBI Research said, “The small OLED material market is expected to grow at an average annual growth rate of 2.5% from 2023 to US$ 1.61 billion in 2027. And in 2027, Samsung Display’s purchase of small OLED materials is expected to be US$ 560 million, BOE US$ 430 million, and LG Display US$ 200 million.” and “the small OLED material market will change depending on how much the foldable OLED market replaces the sharp decline in rigid OLED shipments for smartphones.

Analyst Yoon continued, “As the shipments of LG Display’s WOLED and Samsung Display’s QD-OLED are expected to be 12 million units and 3 million units, respectively, in the large OLED material market in 2027, the purchase amount of emitting materials is also expected to be US$ 430 million and US$ 140 million, respectively”

Meanwhile, the report predicted that by OLED method in 2027, RGB OLED would occupy the largest share at 66.6%, followed by WOLED at 16.5%, RGB 2stack OLED at 11.4%, and QD-OLED at 5.5%.

▶ 2023 OLED Emitting Material Report Sample Download