Thin-Film Encapsulation (TFE): Worldwide Market Projected to Exceed $100 Million by 2023, Driven by the Rapid Adoption of Flexible OLED Displays for Smartphones & Smart Wearables - ResearchAndMarkets.com

DUBLIN--()--The "Thin-Film Encapsulation (TFE) Market by Application (OLED Display, Lighting, Thin-Film Photovoltaics), Deposition Technology (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE)), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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; and expected roll-to-roll production of OLED lighting are likely to create lucrative opportunities for thin-film encapsulation technology and material providers.

The development of flexible glass acts as a restraint, whereas the essentiality of technical knowledge and need to protect intellectual properties pose major challenges to market players.

The thin-film encapsulation market for materials has been segmented on the basis of application into OLED displays, OLED lighting, thin-film photovoltaics, and others. OLED displays witnessed high demand for TFE materials in 2017.

Samsung SDI and LG Chem develop thin-film encapsulation materials for flexible OLED displays. These companies are also working with thin-film encapsulation equipment suppliers such as Kateeva and Applied Materials. The thin-film encapsulation market for materials in OLED lighting applications is expected to grow at the highest CAGR of 31.8% during the forecast period.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Deposition Technologies Used in Thin-Film Encapsulation

8 TFE Material Market, By Application

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

  • Samsung SDI
  • LG Chem
  • Universal Display Corp.
  • Applied Materials
  • 3M
  • Veeco Instruments
  • Kateeva
  • Toray Industries
  • BASF (Rolic)
  • Meyer Burger
  • Aixtron
  • Bystronic Glass
  • AMS Technologies
  • Angstrom Engineering
  • Beneq
  • Encapsulix
  • Lotus Applied Technology
  • Vitriflex
  • Picodeon

For more information about this report visit https://www.researchandmarkets.com/research/5c39t8/thinfilm?w=4

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Related Topics: Semiconductor

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Semiconductor