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--(BUSINESS WIRE)--Jul 5, 2018--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
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 ProfilesSamsung 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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SOURCE: Research and Markets
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PUB: 07/05/2018 05:28 PM/DISC: 07/05/2018 05:28 PM