AMOLED Device History and Materials Market Analysis and Development Trends

AMOLED device history and materials market analysis and development trends

Kihyun Kim, Senior Analyst

Contents

• AMOLED device analysis by Korean panel makers

• AMOLED materials market analysis

• Light-emitting materials development trends

AMOLED device analysis

Composition of AMOLED

• Small- and medium-sized • Large-sized (White OLED)

Encapsulation (glass, TFE, metal foil)

OLED layers (organic materials)

Color filter

TFT array on substrate (glass and polyimide)

Development in Samsung Display’s OLED display devices

New device Expected to be applied to Galaxy M8 S8, S8 edge / Apple iPhone for Apple

Galaxy S6, S6 edge, S6 edge plus, Note5, S7, S7 edge, Note 7 M7 High efficiency High efficiency High High resolution Galaxy Note4 & Tab S M6

Low electrical currents Low electrical B’, aETL// Galaxy S5 & Tab S M5

M4 Phosphorescent green, B’ // Galaxy S4 & Note3

M2 Fluorescent green // Galaxy S3 & Note2

Omnia series

Time 2011 2012 2013 2014 2015 2016 2017

Development in LG Display’s OLED display devices

KS17 New device Expected to be applied to or KS18 for Apple OLED panels of Chinnese

G flex series KS17 High efficiency High efficiency High High resolution

Watch: Apple Watch series, LG Electronics watch Expected to be applied to KS15 series OLED panels for Automotive Mobile Phone: G Flex series, Low electrical currents Low electrical OLED panel of Xiaomi

KS14 Watch: Apple Watch, Urbane Mobile Phone: G Flex2

KS13 G Flex

Time 2013 2014 2015 2016 2017 2018

Small- and medium-sized device of Korean panel makers

• Development in the structure of FMM RGB type AMOLED display of Samsung Display and LG Display • Use various functional layers for optimized AMOLED devices to improve efficiency and lifespan

Typical structure

Development in LG Display’s WOELD display devices

CW17

3 stack 3 color tandem CW16 High efficiency High efficiency

High High resolution -. 55”, 65”, 77” UHD curved TV

Low electrical currents Low electrical CW14 3 stack 2 color tandem -. 55”, 65”, 77” curved TV -. 55”, 65”, 77” UHD curved TV

CW13 2 stack 2 color tandem -. 55” flat & curved TV -. 65”, 77” curved TV prototype

Time 2013 2014 2015 2016 2017

Large-sized device of Korean panel maker

• A blue stack is added to improve the efficiency of blue color. • Red host is added to improve white color purity.

AMOLED market analysis

FMM & WOLED materials consumption forecast Materials demand for (Unit: Thousand kg) 140 33% CAGR of WOLED 82% AMOLED 120 CAGR of FMM RGB 25% 100 FMM RGB WOLED 80 80

• New major set makers 72 60

61 40 45 20 35 43 • Mass production by Chinese 21 25 29 16 8 0 1 1 5 panel makers 2014 2015 2016 2017 2018 2019 2020

FMM & WOLED materials revenue forecast (Unit: Millions US $) 1,600 26% • Materials cost down CAGR of WOLED 57% 1,400 CAGR of FMM RGB 23% 1,200 FMM RGB WOLED 1,000 • Recycling and increased 1,191 consumption to lead to cost 800 1,114 600 932 reduction in materials 400 629 501 200 346 385 241 303 98 159 0 20 19 65 2014 2015 2016 2017 2018 2019 2020

Consumption of light-emitting materials by Korean panel makers

Functional materials Red host SDC (22%), LGD (2%) SDC (8%), LGD (0.4%) 8% LGD 14% 25% Green host SDC (9%), ETL material LGD(1%) SDC (14%), LGD (1%) 10%

Blue host HTL material SDC (4%), 15% LGD (1%) SDC (19%), LGD (5%) 5%

24% SDC 86%

Consumption of light-emitting materials by Samsung display

4% DS neolux

Functional materials Tosoh 43% 45% 53%

LG Chemical 27%

DS neolux 49% 35% 51% Merck

2% 1%

Doosan 1% Idemitsu SDC 86% Kosan Dow 10% 10% Chemical Chisso SDI 99% 97%

Consumption of light-emitting materials by Samsung display HT material

24% Doosan HTL 22% DS neolux 76%

ET material 1%

2% LG Chemical SDI ETL SDC 86% 16% Tosoh 97%

Consumption of light-emitting materials by Samsung display Red host

Dow 47% Chemical 53% 9% DS neolux

1% Green host 1% 1%

SDI UDC 10% NSCC Doosan 97%

Blue host 6% Idemitsu 17% Kosan SDC 86% SFC 5% 77% Dow Chemical

Consumption of light-emitting materials by LG display

Red Idemitsu LGD 14% Functional materials prime Kosan 100 %

35% Idemitsu 21% Green Kosan prime Merck 65%

50% Merck EBL Merck CGL 50% Toray 100 %

Consumption of light-emitting materials by LG display

HT material

6% LGD 14% Merck HTL 37% Idemitsu Kosan 94%

ET material

2% Idemitsu Kosan ETL LG 11% Chemical 98%

Consumption of light-emitting materials by LG display

Red host 11% Dow Chemical LG LGD 14% 3% Chemical 89%

Green host 12% Merck

Idemitsu 7% Kosan 88%

Blue host

Idemitsu 9% Kosan 100 %

Light-emitting materials development trends

Next generation TV

CPL Cathode Excellent EIL Image ETL Quality OLED Red Green Blue HTL HIL Anode

Next Large Unique Screen generation design

TV CPL Cathode EIL ETL QLED QD R QD G QD B HTL HIL Eco-Friendly Anode

Printing OLED TV

Printing technology Technical Challenges

• Materials High boiling point Viscosity Surface tension High purity grade Low particle count

• Process World’s largest 4K OLED by Uniformity Panasonic Yield Device Quality Scale up

Status of printing materials

FMM evaporation

Sumitomo Chemical Dupont

Merck

Generation of lighting emitting materials

Mass product Mass product Lots of materials company Kyulux

1987~ 2000~ 2012~ 2014~

• Fluorescence • Phosphorescence • TADF • Hyper Fluorescence

IQE~ 25% IQE~ 100% IQE~ 100% IQE~ 100%

* TADF: Thermally Activated Delayed Fluorescence * Hyper Fluorescence: TADF + Fluorescence Hyper

Pure Fluorescence

Fluorescence

Soluble materials Color Quality Color

TADF

Phosphorescence Broad

High Cost Low Source: Kyulux