Development of OLED organic materials industry
With the expansion of display applications and the continuous improvement of display requirements, in recent years, the pattern of global display industry is gradually showing the trend of LCD/OLED full bloom. From the perspective of giant investment and industrialization, the trend of OLED in the new display is clearer and the market development space is huge. OLED organic material as the core component of OLED panel has great potential for development.
OLED industry is mainly divided into upstream equipment manufacturing (development, etching, coating, packaging, etc.), basic materials (OLED organic materials, glass substrates, packaging materials, polarizing films, etc.) and assembly parts (driving IC, circuit boards and passive components). The middle reaches are three parts of OLED panel assembly and manufacture and downstream end products.
From the perspective of industrial chain, OLED organic materials are the most upstream chemical raw materials, and OLED intermediates and rough monomers are obtained through a certain synthesis process. The crude monomers are obtained by sublimation technology and used in OLED panel manufacturing.
Compared with the structure of LCD module, the proportion of OLED using organic materials is greatly increased. Because the terminal material layer has replaced the filter, backlight module and liquid crystal material in the LCD panel, the proportion of material cost in organic materials in OLED has increased significantly compared with that in LCD, making OLED organic materials occupy a pivotal position in the entire OLED screen.
At present, the global OLED panel production is mainly concentrated in Korea and China. With the rapid growth of OLED panel demand in recent years, the corresponding market demand for OLED organic materials also showed a rapid growth trend. In 2018, the global market demand exceeded 50 tons. In 2015, the global market of OLED organic materials reached 2 billion 880 million yuan. By the end of 2018, the market scale was about 9 billion 110 million yuan, and the average annual growth rate of the market in the past three years was more than 45%.
