According to data from Sigmaintell, the global OLED panel market maintained its growth trajectory in 2025, with shipment area reaching 20.4 million square meters, representing a year-over-year increase of 22%. This growth provides demand support for upstream materials, as the industry transitions from a period of rapid expansion into a phase of structural growth. The OLED market in 2025 is characterized by stability in smartphones, a surge in IT applications, and rapid growth in automotive displays. Entering 2026, with the mass production of G8.6 generation OLED production lines, cost reductions are expected to further accelerate penetration in the medium-sized display segment. However, factors such as rising memory chip prices squeezing terminal costs, extended replacement cycles for consumer electronics, concentrated release of panel production capacity, and channel inventory destocking have led terminal brands to adjust their shipment plans downward. Consequently, industry growth is expected to face periodic pressure, with global OLED panel shipment area forecast to experience a slight year-over-year decline. Major panel manufacturers are subsequently adjusting their capacity utilization rates and reducing upstream material procurement. From a medium to long-term perspective, driven by demand from medium-sized applications like IT and automotive, the global OLED panel shipment area is projected to maintain a compound annual growth rate of approximately 5.6% from 2025 to 2030. It is estimated to reach 26.8 million square meters by 2030, indicating the industry remains in a healthy upward cycle. Notably, the contribution from domestic OLED panel shipments continues to rise, reaching about 5.3 million square meters in 2025 and expected to reach 7.8 million square meters by 2030.

Global OLED organic materials market scale exceeds 16.3 billion yuan, with growth moderating and high-quality development accelerating. According to Sigmaintell data, the global OLED organic materials market reached approximately 16.3 billion yuan in 2025, an 8% increase year-over-year. Within this, the Chinese mainland OLED organic materials market was about 6.2 billion yuan, continuing to expand supported by deepening terminal penetration and panel capacity release. However, due to intensified price competition and demand structure adjustments, growth has returned to a more rational pace. Despite the slowdown, the market base continues to expand, and the industry has entered a new phase of steady growth. In 2026, affected by panel shipment contraction and intensified industry competition, the OLED organic materials market will continue to face dual pressures on volume and price, with revenue growth under short-term pressure as the industry enters a period of phased adjustment. Nevertheless, a steady growth trend is maintained in the medium to long term. The global OLED organic materials market is projected to surpass 19.3 billion yuan by 2030, with the domestic market expected to reach 8.4 billion yuan.

Domestic manufacturers lead the global OLED front-end materials market, with simultaneous gains in share and value. The OLED materials industry chain consists of three main segments: basic chemicals, front-end materials (intermediates / pre-sublimation materials), and terminal materials. Terminal materials have high barriers and are patent-intensive, while front-end materials have become the primary battleground for domestic substitution breakthroughs first. Due to intensified domestic competition and the transmission of panel price reductions, the global OLED front-end materials market reached 4.4 billion yuan in 2025, a slight increase of 4% year-over-year. Sigmaintell predicts that front-end materials will continue to face pressure in 2026, as contraction and price pressures from the panel side will further transmit to the front-end materials segment. By 2027, with the gradual recovery of global OLED panel demand, the clearing of inventory cycles, and the continued volume growth of new applications like IT and automotive, market demand is expected to resume growth. The global OLED front-end materials market is forecast to reach 5.3 billion yuan by 2030. Domestic manufacturers, leveraging advantages in cost, delivery, and supply chain, have become a core global supply force. Companies like Jiuri Chemical, Xi'an Ruilian, and Puyang Huicheng have stably entered the global supply chains of leading players such as Samsung SDI, Idemitsu Kosan, LG Chem, and Universal Display. In 2025, domestic manufacturers accounted for 69% of the global OLED front-end materials market share, collectively forming the primary global supply landscape. Currently, front-end materials are still dominated by intermediates and precursors, with relatively limited added value. However, leading companies are accelerating upgrades towards high-purity, customized, and high-barrier products. Simultaneously, the advantages in front-end materials will provide technological, financial, and ecosystem support for breakthroughs in terminal materials, propelling the overall domestic OLED materials industry towards global first-tier levels.

Outlook: Domestic substitution enters a comprehensive realization phase, with AI and security jointly building a new future for the display industry. 2025 is a pivotal year for the domestic substitution of OLED materials, transitioning from verification and introduction to scaled volume production. Against the backdrop of AI technological upgrades, supply chain restructuring, and changes in the international trade environment, domestic material enterprises are accelerating their substitution pace comprehensively, leveraging advantages in technology, cost, responsiveness, and industrial chain synergy. Sigmaintell believes that in the future, domestic OLED materials will gradually elevate their industrial status from being an "optional choice," driving a leap from supporting to leading roles in key materials for new displays. Driven by both AI innovation and industrial security, the domestic OLED materials industry will continue to improve its ecosystem and enhance competitiveness, helping the display industry occupy a more significant position in the global industrial landscape.

Global supply chain restructuring accelerates, upgrading the strategic importance of OLED material autonomy and controllability. The evolving global technology competition landscape, with trade controls, supply chain security, and technological barriers, has deeply impacted the high-end display industry chain. For a long time, core OLED materials have been highly dependent on imports, with overseas enterprises dominating due to their advantages in technology, patents, and ecosystems, becoming a significant constraint on the autonomy and controllability of the display industry. From a global competitive perspective, OLED terminal materials are still dominated by leading overseas enterprises. Companies like Universal Display, Merck, Samsung SDI, LG Chem, DS Neolux, Idemitsu Kosan, and DuPont maintain leadership in high-end areas such as light-emitting materials and transport materials, with industry concentration remaining high. Domestic material enterprises continue to increase R&D investment and capacity construction, achieving breakthroughs in specific segments. Their overall competitiveness is steadily improving, with future growth potential and development momentum significantly stronger than in traditional advantageous regions.