Organic electronics materials market may expand to $15.8 billion by 2015

Organic electronics materials market may expand to $15.8 billion by 2015

The market for organic electronics materials will be worth $4.9 billion in 2012 surging to $15.8 billion in 2015, according to a new report from NanoMarkets, an industry analyst firm. NanoMarkets’ report, Organic Harvest: Opportunities in Organic Electronic Materials estimates that by 2015 80% of organic electronics materials will be sold in three applications: RFID, display backplanes, and OLED lighting and displays. By then, RFID will be the largest application, accounting for $6.9 billion in materials sales, with today’s dominant application OLEDs accounting for $5.6 billion. NanoMarkets expect RFID to overtake OLEDs as the largest consumer of organic electronics materials by 2012.

The report also states that today’s organic semiconductor materials are inadequate for the opportunity that lies ahead. Besides their limits on performance, many of them are only available in small quantities. However, NanoMarkets believes that new kinds of organic semiconductor materials such as rubrene and hybrid materials including formulations with carbon nanotubes are going to enable the market to achieve $4.9 billion in revenues by 2015 as needed improvements in electron mobilities, switching speeds, and environmental stability are attained. To be successful, organic electronics will have to emulate the traditional semiconductor industry and invent an organic version of CMOS with its own stable materials sets. To make this happen, materials companies must offer commercial quantities of n-type semiconductors and organic dielectrics. Details about the report can be found at www.nanomarkets.net.

Bryan DeLuca