What They Say
UBI Research of Korea released data from its latest quarterly OLED material sales report and said that purchases of OLED materials reached $4.12 billion in Q2 of 2022, down 2.1% on Q1 and up by 7,8% on last year.
n the small OLED panel market, Samsung Display’s second-quarter purchase of light-emitting materials fell 2.2 % from the previous quarter to $1.52 billion, BOE fell 11.7% to $53.1 million, and LG Display fell 12.6% from the previous quarter to $39.7 million.
For OLED TVs, LG Display’s second-quarter purchase of light-emitting materials was $77.3 million, similar to the previous quarter, while Samsung Display’s purchase of materials for TVs was $28.3 million, up slightly from the previous quarter.
UBI also put out a forecast showing the trend to more WRGB and tandem stack materials as a share of the total.
The OLED light-emitting material market is predicted to be $1.81 billion in 2022 and $2.5 billion in 2026. As shipments of WRGB OLEDs are expected to exceed 20 million units in 2026, purchases of light-emitting materials for WRGB OLEDs are expected to reach $900 million in 2026 from $4.3 billion in 2022. As the RGB 2stack market for IT grows, it is expected to reach $53.4 million in 2024 and $190 million in 2026.
What We Think
I think the forecast suggests substantial growth in LG Displays capacity. If the lifetime of UDC or Samsung’s phosphorescent blue, due in 2024, are adequate for TV use, then SDC could see a big boost in productivity. The Elec reported recently (not sure how we missed it!) that SDC uses three layers of blue and a green layer at the moment. If the blue goes from 25% to 100% efficiency, those three could go to one and that would allow a significant boost in capacity, without an additional factory. Samsung is also said to be researching a dual layer blue design. (BR)
