New NanoMarkets Report Pegs OLED Materials Sales at $2.9 Billion by 2015

Fueled by a rapidly developing OLED lighting market and many new applications for OLED displays beyond cell phone sub-displays and MP3 players, there will be an explosion in demand for OLED materials of all kinds says a new report from NanoMarkets, an industry analysis firm based here.

According to NanoMarkets' new report on the OLED materials market, this market will grow from around $420 million in 2010 to $2.9 billion in 2015. Additional details of the report are available at www.nanomarkets.net.

According to NanoMarkets' new report, OLED lighting is expected to consume approximately 70 percent of OLED materials by 2015. OLED lighting has fewer materials challenges than equivalent sized displays and a major factor in why this part of the market is taking off.

On the substrate front flexibility is what the industry is striving for in order to realize the benefits offered by roll-to-roll processing of OLEDs. However, such substrates are currently challenged by insufficient barrier characteristics and by high costs so rigid glass substrates, which offer the best combination of performance, costs and manufacturability will be the de facto option at least through 2012