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WOLED Market to Grow Threefold in Second Half of 2015

18 August 2015

The market for active-matrix organic light-emitting diodes (AMOLEDs) is set to surge in the second half of this year as LG Displays will increase its production of white OLED (WOLED) TV panels, according to a new report from IHS.

In the second half of the year, the market for WOLED organic materials will rise to $165 million, up from $58 million in the first half of 2015, IHS says. The WOLED organic material is set to maintain a 79% compound annual growth rate (CAGR) from 2014 to 2019.

AMOLED Materials Market Forecast by Technology. Source: IHS.comAMOLED Materials Market Forecast by Technology. Source: IHS.comIHS forecasts that the total AMOLED market—WOLED and fine-metal mask red-green-blue (FMM RGB) types—will increase 54% this year to reach $658 million and is expected to rise to more than $2.0 billion by 2019 with a CAGR of 37%. During that time, WOLEDs will overtake FMM RGB types by 2017.

Kihyun Kim, senior analyst for display chemical and materials at IHS, says while the WOLED market is still in its infancy, it will grow considerably in the next few years beginning in the second half of 2015. “Since WOLED technology is mainly used for large-area AMOLED displays, particularly TVs, this rapid growth in the WOLED market will lead the continued growth in the overall AMOLED materials market,” Kim says.

LG began manufacturing WOLED TV panels in its E3 line in Paju, South Korea in the fourth quarter of 2012 and installed 8th generation mother glass processing in its E4 line in February of this year. While the line became operational in the fourth quarter of last year, full operation began in the second quarter of this year.

“Most AMOLED TV panel makers, especially in China, are focusing on WOLED technology, which supports future WOLED material market growth,” Kim says.

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Related links:

OLED Materials Market Tracker


News articles:

Decline in Flat Panel Display Revenue Expected in 2015

What Will Your OLED Luminaire Look Like?

Will Display Market Surge Carry Into 2015?

Why Philips is Selling Its OLED Lighting Division

Samsung Investing $3.6 Billion in OLED Line

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