Leading suppliers of thin-film encapsulation market are Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp. (UDC) (US), Applied Materials (US), 3M (US), Veeco Instruments (US), Kateeva (US), Toray Industries (Japan), BASF (Rolic) (Germany), Meyer Burger (Switzerland), Aixtron (Germany), Bystronic Glass (Germany), AMS Technologies (Germany), and Angstrom Engineering (Canada). Key innovators profiled in this report include Beneq (Finland), Encapsulix (France), Lotus Applied Technology (US), Vitriflex (US), and Picodeon (Finland).
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Thin-film encapsulation (TFE) is barrier implementation process used in preventing moisture and oxygen permeation into electronic devices. The encapsulation process has a great impact on both the lifetime and reliability of electronic products.
Different technologies such as atomic layer deposition (ALD) and inkjet printing can be used for the encapsulation of flexible OLED displays and lighting products, thin-film batteries, photovoltaic solar cells, and others.
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Key Target Audience:
- Raw material suppliers
- OLED display and lighting panel manufacturers
- Solar cells and battery manufacturers
- Display, lighting, solar, and battery manufacturing equipment suppliers
- Electronics and semiconductor companies
- Original brand manufacturers
- Research laboratories and OLED intellectual property (IP) companies
- Systems integration specialists
- Government bodies such as regulatory authorities and policymakers
- Venture capitalists and start-ups
- Research institutes and organizations
- Market research and consulting firms
The thin-film encapsulation market for materials is estimated to be worth USD 101.1 Million by 2023, growing at a CAGR of 26.1% between 2018 and 2023. The major factors driving the growth of the market are the rapid adoption of flexible OLED displays for smartphones and smart wearables and need for thin-film barriers in flexible and organic devices.
The rise in the adoption of high-efficiency thin-film solar cells; huge investments in building OLED manufacturing facilities.
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Technological innovations, rising investments, and IP protections have significantly impacted the TFE market over the years. Reduced device thickness, low cost, and weight in combination with improved flexibility and robustness are the major benefits offered by TFE technology.
The newer technologies such as atomic layer deposition (ALD) and inkjet printing are expected to impact the market during the forecast period.
1 Attractive Opportunities for TFE Material Market Growth
2 TFE Material Market for Flexible OLED Lighting Application, By Region, 2018 vs 2023
3 TFE Material Market for Flexible OLED Display Application in APAC, By Country, 2018 vs 2023
4 TFE Material Market in APAC, By Application and Country
2 Player Ranking Analysis: Thin-Film Encapsulation (TFE) Market
3 Competitive Situations and Trends
4 Product Launches and Developments
5 Agreements, Partnerships, Collaborations, Contracts, and Joint Ventures
6 Mergers and Acquisitions
APAC accounted for largest share of thin-film encapsulation market for materials in 2017. Major display panel and brand product manufacturers are based in China, Japan, Taiwan, South Korea, and Hong Kong.
South Korea accounted for 74.2% of TFE material demand in APAC in 2017 owing to the presence of industry leaders, such as Samsung and LG Display in the country.
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