OLED light-emitting material market will exceed $2.4 billion in 2028, with South Korea accounting for 50% of purchases - South Korean report

According to UB Research, a Korean research company specializing in displays, the global market for organic light-emitting materials used in organic EL (OLED) is growing at an average annual rate of 5.8%, reaching 1.84 billion in 2023.
It is expected to reach $2.43 billion (approximately 357,399.54 million yen) by 2028 from 10,000,000 dollars (USD, approximately 270,623,520,000 yen).
By country, the amount of material purchases by Korean panel manufacturers will be $1.11 billion (approximately $163.2 billion) in 2023.
61.57 million yen), it will increase to $1.36 billion (approximately 200 billion 32.2 million yen) in 2028. The average annual growth rate is 4.2%. On the other hand, the amount of materials purchased by China will increase in 2023.
It is expected to significantly increase from $730 million (approximately 107,326,060,000 yen) in 2028 to $1,070 million (approximately 157,313,540,000 yen).
In 2028, the proportion of materials purchased by country is expected to be 56% in South Korea and 44% in China.
In addition, regarding the purchase amount of organic light emitting materials by company in 2028, Samsung
810 million dollars (approximately 119,110.5 million yen) from Display, 550 million dollars (approximately 80,877.5 million yen) from LG Display, and 400 million dollars from China's JingDongfang Science and Technology Group (BOE).
It is expected to reach $40 million (approximately 64,675.6 million yen).