Sales for OLED stack materials for all applications are expected to grow at a 16% annual CAGR from $1.03 billion in 2018 to $2.15 billion in 2023, according to the latest update of DSCC’s Quarterly OLED Material Report, written in cooperation with the OLED Association. The report details all aspects of OLED materials, including multiple applications, supplier matrices, and cost comparisons.
The report incorporates the latest update to DSCC’s capacity and utilization outlook for AMOLED, and to the OLED Association’s capacity outlook for PMOLED and OLED Lighting. As we reported last year, LG Display’s exit from the OLED Lighting business reduced dramatically the prospects for that application. Nevertheless the growth of AMOLED in TV and phones, as well as other applications, will continue to drive material sales.