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Thin-Film Encapsulation Market by Application, And Geography - Global Forecast to 2023

Thin-Film Encapsulation Market: Global Forecast until 2023

  • April 2018
  • 105 pages
  • ID: 5377124
In this report:
With the increased adoption of smartphones and commercialization of OLED TVs, ##,## thousand square meters of the total area is expected to be produced by 2023, at a CAGR of ##.##% during the forecast period.
The flexible OLED panel production for the television application is expected to reach ##,## thousand square meters by 2023, growing at the highest CAGR of ##.##% during the forecast period.

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The thin-film encapsulation market for materials is likely to grow at a compound annual growth rate (CAGR) of 26.10 percent between 2018 and 2023

The thin-film encapsulation market for materials is forecasted to reach $101.10M by 2023, at a compound annual growth rate (CAGR) of 26.1% during the forecast horizon. The trend of thin-film encapsulation using inkjet printing, and quick adoption of flexible OLED displays for smartphones and smart wearables significantly drive the market increase, while the development of flexible glass acts as a main restraint to the market increase.

Flexible OLED lighting segment is projected to register the maximum growth rate in the thin-film encapsulation market for materials during the estimate period

The market demand for flexible OLED lightings is anticipated to grow at the highest compound annual growth rate (CAGR) as the adoption of OLED lightings in automotive applications is likely to growth quickly during the forecast period.In the past 3 years, various automotive firms have collaborated with lighting manufacturers to expand OLED lighting solutions for cars.

OLED lighting solutions can offer better efficiency than conventional incandescent lighting; they also provide possibilities to put a light in new and sometimes startling places and modes that are only starting to emerge in the quickly changing field.

Asia-Pacific anticipated to witness the more important demand for thin-film encapsulation materials during the outlook period

Asia-Pac recorded for the biggest share of the thin-film encapsulation market for materials in 2017.Main display panel and brand product manufacturers are based in China (CN), Japan (JP), Taiwan, South Korea (KR), and Hong Kong (HK).

South Korea (KR) recorded for 74.20 percent of TFE material demand in Asia-Pacific in 2017 due to the presence of industry leaders, including Samsung and LG Display in the area. Futhermore, the industry demand for thin-film encapsulation materials from China (CN) is anticipated to rise quickly during 2018-2023 as different Chinese actors, including BOE Technology and CSOT, are planning to construct facilities to manufacture flexible OLED panels.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main experts. Following is the breakup of the profile of primary members taking part:

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 35.0 percent, and Tier 3 = 45.0 percent

• By Description: C-suite executives = 40.0 percent, Directors = 35.0 percent, and Others = 25.0 percent

• By Area: North America continent = 30.0 percent, Europe (EU) = 40.0 percent, and Asia-Pac = 30.0 percent

The leading suppliers of thin-film encapsulation equipment and materials in the industry are Samsung SDI, LG Chem, Universal Display Corp., Applied Materials, 3M, Veeco Instruments, Kateeva, Toray Sectors, BASF, Meyer Burger, Aixtron, Bystronic Glass, AMS Technologies, and Angstrom Engineering. Key innovators decribed in this industry report contain Beneq, Encapsulix, Lotus Applied Technology, Vitriflex, and Picodeon.

Segment Research

The study estimates the market value and future increase potential of the thin-film encapsulation materials across various segments including application and area. Furthermore, the analysis includes the industry trends, market forces, and competitive review of the top actors in the sector, together with their company descriptions, and latest developments.

Main highlights

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the thin-film encapsulation market for materials comprehensively and offers the closest market sizes for the applications across distinct geographic regions.

• The report benefits partners to apprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

• this business report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape and main developments including product launches and advancements, mergers and acquisitions, alliances, strategic agreements, collaborations, and recent evolutions in the thin-film encapsulation market.

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