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OMDIA Expects OLED Materials to Hit US$1.75 Billion in 2021, Up 16% Y/Y

Omdia’s data combines materials used for white OLED made by LG Display, quantum dot (QD)-OLED made by Samsung Display and RGB OLED used in smartphones. LG Display is expected manufacture 7 million units to 8 million units of large-sized OLED panels, which is up to 80% higher than its shipment of 4.5 million units in 2020. Materials sued in small-sized RGB OLED will account for 70% of the total OLED materials market this year. This sector will grow 29% this year. Large-sized OLEDs, like white OLED and QD-OLED, will grow 69% to be worth US$541 million this year. Large-sized OLED material will account for around 30% of the total OLED materials market this year.