OLED materials market presents $2 billion opportunity in 2016

GLEN ALLEN, USA: NanoMarkets has released its latest report titled, "The Market for OLED Materials 2011" which says that the market opportunities for the various materials used in OLED displays and lighting will exceed $2 billion (USD) by 2016.

The report is the latest in NanoMarkets' continuing coverage of both OLED markets and organic electronics materials. NanoMarkets has also recently released several reports on organic electronics materials including conductive polymers and materials for OLED lighting. NanoMarkets has been covering the OLED materials space since 2006.

Key findings
With the arrival of active matrix displays for cell phones, OLED materials makers have at last got a sizeable addressable market to chase after. Mass markets for OLED lighting may emerge for OLED lighting and OLED TVs in the 2013-2015 which will give another boost to the prospects for firms that make and license OLED materials.

Already, firms including Novaled and UDC are reporting very encouraging financial results.

The report notes that the OLED materials market has begun to see the first IP challenges. Because the current generation of OLED materials is extremely expensive, there is a strong incentive for firms to enter this market. As a result, NanoMarkets believes that there will be more IP challenges and a trend towards "reverse engineering."

Although most OLED displays and lighting will use small molecules, the polymer OLED paradigm is still receiving strong support from Sumitomo and Novaled has backed a hybrid approach that combines the best of small molecules and OLEDs. NanoMarkets believes that polymer OLED materials will generate more than $255 million by 2016.