Idemitsu and Toray will mutually utilize the OLED materials, technology and expertise that they possess, and cooperate in the development of new materials and material evaluation. Both parties will aim to cooperate and effectively use the assets they possess, including evaluation facilities and production facilities, to improve the performance and durability of OLED displays, as well as to reduce the costs of materials that they provide.
In the OLED materials business, Idemitsu is engaged in the development, manufacturing and sales of luminescent materials and carrier transporting materials, such as its hole transport materials. These materials have been used in a large number of OLED displays, such as those for smartphones and TVs.
Toray’s OLED materials business involves the research, technological development, manufacturing and sales of materials, such as its electron transport materials that are based on its proprietary molecular design technology. It is also engaged in the business of developing, making and selling new materials to enable the commercialization of flexible displays.
There has been a dramatic expansion of the OLED display market, due to the use of OLED displays in smartphones and TVs. With the current proactive investment of South Korean and Chinese display manufacturers, it is estimated that by approximately the year 2020 the scale of the market will be three times its present size.