Research organization Sigmaintell statistics, China has become theworld's largest producer of OLED panels in 2023, accounting for 51%,compared to the OLED raw materials market share of only 38%.

The global OLED organic materials (including terminal and front-endmaterials) market size is about RMB 14 billion (USD 1.94 billion) in 2023,of which the final materials account for 72%. Currently, OLED organic material patents are held by South Korean, Japanese, U.S. and German companies, with UDC, Samsung SDI, Idemitsu Kosan, Merck, Doosan Group, LGChem and others occupyingm ost of the share.

China's share of the entire OLED organic materials market in 2023 is 38%, of which common layer materials account for about 17% and light-emitting layer less than 6%. This indicates that Chinese companieshave more advantages in intermediates and sublimation precursors, and domestic substitution is accelerating.