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LG Chem, Rapid growth in the second quarter emitting material market

According to the emitting material market track of UBI Research (President: Choong-Hoon, Yi), the second-quarter OLED emitting material market totaled US$ 230 million. Compared to the previous quarter, it increased by 19.3% and formed the same market as the second quarter of 2017. There was a concern about slow growth since the OLED panel sales for smartphones fell in the first quarter of the year, down 38.5% compared to the fourth quarter of the last year. However, the emitting material is also recovering due to the rising utilization rates of Samsung Display and the start of POLED production at LG Display.


Six companies such as Dow, Duksan Neolux, Idemitsu Kosan, LG Chem, Merck, and UDC were among the companies with sales exceeding US$ 20 million in the second quarter.

Among those companies, LG Chem posted the highest quarterly sales growth, up 35% from the previous quarter and up 26% from the same quarter last year. This is resulted from the start of LG Display’s POLED mass production and the related sales growth. Since LG Displays’ POLED is expected to start applying to Apple’s iPhone from the end of the year, LG Chem is anticipated to record the highest growth rate among emitting material makers in 2019.