OLED Light-Emitting Material Market was $4.12 Billion in Q2 2022, Up 7.8% from 2Q 2021

According to “3Q22 OLED Emoting Material Market Track,” published quarterly by UBI Research, purchases of OLED light-emitting materials in the second quarter of 2022 amounted to $4.12 billion.

In the second quarter of 2022, the OLED light-emitting material market decreased by 2.1% compared to the previous quarter and increased by 7.8% compared to the same quarter last year.

Overall, there was a decrease in panel shipments of Samsung Display and LG Display due to the off-season, but sales did not decrease significantly from the previous quarter due to rising exchange rates and supply of new materials.

In 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.

Sales of OLED light-emitting materials for each quarter were classified by layer by layer, and the expected sales until 2026 were expressed as a 100% cumulative graph.

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.