Global Thin-Film Encapsulation Market Growth Drivers Research 2023

The report titled “Thin-Film Encapsulation (TFE) Market” sheds a concentrated focus on the Thin-Film Encapsulation industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

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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.

Top Companies Profiled in the Thin-Film Encapsulation (TFE) Market:

  • 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)
  • Angstrom Engineering (Canada)

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.

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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.

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