With a flood of new competitors set to initiate or increase the production of active-matrix organic light-emitting diode (AMOLED) panels next year, demand for materials used to make AMOLEDs is forecast to rise by nearly 27 percent in 2014.
The global market for AMOLED light-emitting materials will expand to $445 million in 2014, up from $350 million this year, according to the new report from IHS. While growth next year will moderate compared to the 49 percent rise in 2013, the market will swell by about $100 million in 2014.
"South Korea's Samsung Display has successfully pioneered the AMOLED business during the last five years, attaining major success in the market for smartphone panels ranging in size from 3-inches to 5-inches," said Doo Kim, principal analyst, display component and materials research. "Now other panel manufacturers are seeking to cash in on the expanding demand for AMOLEDs in smartphone, televisions and other products. This phenomenon will spur the continued increase in sales of materials used to create AMOLEDs in 2014."
The organic light-emitting materials utilized in AMOLED panels can be largely divided into two categories: common functional layer materials and color-emitting materials.
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