Top 10 Organic Electronics Companies

The global organic electronics market is projected to grow from USD 59.9 billion in 2023 to USD 142.1 billion by 2028, registering a CAGR of 18.9% during the forecast period. The organic electronics market has witnessed substantial growth due to the increasing use of OLED displays across diverse applications, growing demand for lightweight and flexible devices, and emerging opportunities in the automotive and healthcare sectors. These factors have played a crucial role in expanding the market, as organic electronic devices offer distinct benefits and cater to evolving consumer demands in multiple industries. Ongoing research and development endeavours, along with the introduction of market-driven technologies like mini-LED and micro-LED, are anticipated to drive the organic electronics market even further in the future.

Organic Electronics companies include:

• Merck KGaA (Germany),
• BASF SE (Germany),
• Covestro (Germany),
• DuPont (US),
• AUO Corporation (Taiwan),
• Sony Corporation (Japan),
• Samsung Display (South Korea),
• LG Display Co., Ltd. (South Korea),
• Sumitomo Chemical Co., Ltd. (Japan),
• Universal Display Corporation (US),
• Konica Minolta, Inc. (Japan), and
• Novaled GmbH (Germany).

These players have adopted different growth strategies to retain their market presence. Acquisitions and product launches have been the most dominating strategies adopted by the key players from 2019 to 2023 to help them broaden their geographical reach and build their product portfolio.

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Merck KGaA has implemented strategic choices in the organic electronics market to strengthen its position and drive growth. By actively pursuing strategic partnerships and collaborations, Merck KGaA gains access to complementary expertise and resources, enabling them to develop cutting-edge technologies and expand their market reach. For instance, in March 2023, Merck partnered with Beyond Benign, a non-profit organization dedicated to advancing green chemistry education. The collaboration aims to increase global access to green chemistry education and promote sustainable practices in the scientific community. Furthermore, Merck KGaA has committed to sustainability by integrating environmentally friendly practices and materials into their organic electronic offerings, aligning with the growing demand for sustainable solutions. In May 2023, Merck introduced new silicon dielectrics processed ALD technology that enables flexible OLEDs in superior display devices. These strategic choices enable Merck KGaA to remain competitive and seize opportunities in the dynamic organic electronics industry.

BASF SE key strength in the organic electronics market lies in its comprehensive material expertise and robust research and development efforts. With a deep understanding of organic semiconductors, conductive polymers, and related materials, BASF is able to develop high-performance solutions tailored to the specific needs of the organic electronics industry. Their commitment to innovation is evident through ongoing R&D investments, enabling them to continuously enhance existing formulations, explore novel applications, and push the boundaries of organic electronic technologies. This dedication positions BASF as a reliable and strategic partner for customers seeking advanced materials for their organic electronic devices. Through extensive research and development investments, they have developed a comprehensive portfolio of high-performance materials tailored for organic electronic applications. By actively collaborating with electronic industry partners such as, STMicroelectronics (Switzerland), ams-OSRAM (Germany) BASF, among others, they gained access to cutting-edge technologies and expertise, enabling them to stay at the forefront of innovation. Additionally, BASF's strategic focus is expanding its portfolio to ensure they can offer diverse solutions to meet customers’ specific needs in the organic electronics market. For instance, in October 2022, BASF SE introduced two new sustainable product families: Ultraform LowPCF (Low Product Carbon Footprint) and Ultraform BMB (Biomass Balance). These strategic choices have solidified BASF's position as a trusted and innovative provider of materials for the organic electronics industry.

Covestro AS’s extensive material expertise has developed a range of high-performance polymers, such as polycarbonates and polyurethanes, which are well-suited for organic electronic applications. These materials are crucial for electronic devices and offer excellent properties like high transparency, thermal stability, and mechanical strength. Covestro AG's ability to customize their materials according to customer requirements further enhances their competitive advantage, allowing them to deliver tailored solutions that optimize performance and functionality in organic electronic devices. With their focus on innovation and customer collaboration, Covestro AG is well positioned to meet the evolving needs of the organic electronics market. The company focuses on research and development to innovate and develop new materials and solutions for organic electronic applications. For instance, in April 2023, Covestro AG developed a new Makrolon PCR polycarbonate resin with a carbon footprint 70 percent lower than a comparable fossil-based virgin plastic. Additionally, they prioritize strategic partnerships and collaborations with industry stakeholders to foster knowledge exchange and drive innovation. For instance, in March 2023, Covestro AG partnered with Jabra to incorporate Covestro's Bayblend FR3010 R75 polycarbonate blend to develop the latest Evolve2 headset series. In addition, the company is expanding in the Asia Pacific region via establishing manufacturing sites.

DuPont possesses several key strengths that contribute to its success in the market. The company's intense research and development focus allows it to innovate and develop cutting-edge solutions for various industries, including electronics. With a broad portfolio of specialized display materials, DuPont offers tailored solutions to meet specific customer needs in the electronics sector. Their technological leadership, backed by a deep understanding of materials and manufacturing processes, enables them to stay at the forefront of industry trends and provide advanced products and services. Furthermore, DuPont’s commitment to sustainability and responsible practices enhances its reputation as a trusted and reliable partner in the market. Overall, these key strengths position DuPont as a leading player in the electronics industry, empowering them to drive innovation and meet the evolving demands of their customers. DuPont utilizes acquisitions to complement its existing portfolio, gain access to new markets, and acquire key technologies or intellectual property. By strategically collaborating and acquiring companies, DuPont enhances its competitive advantage, accelerates growth, and solidifies its position as a leading player in the industry. For instance, in May 2023, DuPont entered into a definitive agreement to acquire Spectrum Plastics Group AEA Investors. Spectrum is a specialty plastics manufacturer with a focus on complex medical devices and components. Also in March 2021, DuPont acquired Laird Performance Materials, a world leader in high-performance electromagnetic shielding and thermal management solutions. By completing this acquisition, DuPont solidifies its position as a critical partner for prominent electronics original equipment manufacturers (OEMs).

LG Display Co., Ltd. has a comprehensive product portfolio of display panels that include OLED display, LCD display, LCD-TPS display, LCD oxide TFT display, and LCD in-touch display, making it a prominent end user for organic electronics market. The wide range of display products have various applications, such as televisions, monitors, smartphones, and tablets. Along with a comprehensive portfolio of products, LG Display Co., Ltd. also have a strong geographic presence in Asia Pacific region with operations and sales in South Korea, China, US, Europe, Asia, and Poland. The company also invests extensively in research and development activities to develop advanced products. The company was the first to introduce OLED Television screens to the market. The company focuses on organic growth strategies, such as product launches and inorganic growth strategies, such as partnerships and collaborations, to strengthen its position in the organic electronics market. The company drives product advancements and technological innovations by prioritizing substantial investment in research and development activities. In January 2023, the company launched 3rd generation OLED TV displays integrated with META technology and automotive displays utilizing its OLED and LTPS LCD, which uses two organic light emitting layers to offer greater brightness and durability than single-layered OLED. In recent years, the company has formed several collaborations and partnerships to expand its reach and capabilities, leverage the expertise of other industry players, and develop innovative solutions that address evolving market demands.

Related Reports:

Organic Electronics Market by Material (Semiconductor, Conductive, Dielectric, Substrate), Application (Display, Lighting, Solar Cells), End User (Consumer Electronics, Automotive, Healthcare) and Region - Global Forecast to 2028

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