Global Thin-Film Encapsulation (TFE) Market 2018-2023 Expected to Grow at a CAGR of 26.1% -

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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's offering.

The thin-film encapsulation market for materials is expected to reach USD 101.1 million by 2023, at a CAGR of 26.1% during the forecast period.

The trend of thin-film encapsulation using inkjet printing, and rapid adoption of flexible OLED displays for smartphones and smart wearables significantly drive the market growth, while the development of flexible glass acts as a major restraint to the market growth.

The demand for flexible OLED lightings is expected to grow at the highest CAGR as the adoption of OLED lightings in automotive applications is likely to increase rapidly during the forecast period. In the past 3 years, several automotive companies have collaborated with lighting manufacturers to develop OLED lighting solutions for cars. OLED lighting solutions can offer better efficiency than conventional incandescent lighting; they also provide opportunities to put a light in new and sometimes startling places and modes that are only starting to emerge in the rapidly changing field.

APAC accounted for the largest share of the 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. Further, the demand for thin-film encapsulation materials from China is expected to increase rapidly during 2018-2023 as various Chinese players, such as BOE Technology and CSOT, are planning to construct facilities to manufacture flexible OLED panels.

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

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Business Wire: 20:39 GMT Monday 16th April 2018

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