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Technology Stocks : OLED Universal Display Corp
OLED 147.28+0.3%Oct 31 9:30 AM EST

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From: ynotgoal8/11/2025 12:49:49 PM
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Signs of Change in Global OLED Evaporation Material Market as Chinese Companies Forge Ahead

counterpointresearch.com
Another noteworthy company is Summer Sprout. This company has succeeded in supplying high-difficulty, high-cost materials such as p-dopant, red dopant and green dopant to major Chinese panel makers. These materials had been monopolized by a few global companies such as UDC and Novaled due to high technological barriers. If Summer Sprout expands its supply volume and secures additional customers, it is expected to show rapid growth and achieve the second-highest sales after LTOM by 2027.

Senior Analyst Kyle Jang said, “Until now, OLED evaporation materials from Chinese companies have mostly been used in products for the domestic market. But since 2024, some have begun to be adopted in global models, and global market share expansion will begin in earnest.”

Jang added, “If Chinese OLED evaporation material companies improve their technology through patent licensing pacts or collaboration with global material companies, the market landscape could change significantly in the future.”
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