The OLED materials and components market is expected to grow at a CAGR of 29% through 2022, reaching a value of $37 billion, according to UBI Research. The market was valued at $9.8 million in 2017 and is expected to grow by 35% to $13.2 million in 2018.
Capacity expansions at Samsung and LG — as well as flexible 6G OLED mass production lines from Chinese panel makers — are expected to drive this growth.
An UBI Research analyst commented:
“Samsung had a very low utilisation rate in the first quarter of 2018, but it returned to normal in the second quarter. Samsung, LG and Chinese panel makers also plan to commence mass production this year.
LG and BOE’s new lines will soon be fully operational and have a significant impact on the growth of the materials and parts market in 2018″.
