Idemitsu Kosan and Toray, Signed on technical cooperation agreement for joint development of new OLED materials

On September 26, 2017, Idemitsu Kosan and Toray, specializing in OLED light emitting materials, signed on a new technology cooperation agreement to jointly develop OLED materials.

Toray and Idemitsu Kosan are expected to collaborate on the development and evaluation of new materials through the mutual use of OLED materials and expertise from both companies. The two companies will jointly use evaluation facilities and production facilities, and said they hope this technical cooperation agreement will accelerate the development of OLED materials and enable low-cost production.

Idemitsu Kosan is developing OLED emitter materials and hole transport materials and Toray is focusing on electron transport materials based on proprietary molecular design technology.

According to UBi Research, upon the active investment of Korea and China in OLED mobile devices and TVs, the light emitting material market is expected to reach $ 960 million in 2017 and $ 33.6 billion in 2021.

It is expected whether this technical cooperation agreement between Idemitsu Kosan and Toray could contribute to the development of the OLED display industry and the commercialization of more advanced OLED materials.