Market Overview:
The global thin-film encapsulation (TFE) market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth of the TFE market can be attributed to the increasing demand for flexible OLED displays, lighting, and photovoltaics. In addition, the growing demand for transparent conductive films is also contributing to the growth of the TFE market. The organic layers segment is expected to dominate the global thin-film encapsulation (TFE) market in 2018. This segment is projected to grow at a CAGR of 10% from 2018 to 2030. The inorganic layers segment is projected to grow at a CAGR of 8% from 2018to 2030. The flexible OLED display application segment accounted for majority share of the global thin-film encapsulation (TFE) market in 2017 and this trend is expected continue during forecast period as well .
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Product Definition:
Thin-film encapsulation (TFE) is a technology used to protect electronic devices from the environment. TFE is often used to protect integrated circuits from moisture and corrosion.
Organic Layers:
Organic Layers, also known as organic thin-film layers or organic film layers, are a type of material that is used in the manufacturing process of Thin-Film Encapsulation (TFE) technology. They are formed from materials such as polymers and metal oxides.
Inorganic Layers:
Inorganic Layers is a type of thin-film encapsulation technology that utilizes inorganic materials such as metal oxides and silica for the formation of an innermost capsule layer. The technology provides high thermal stability, mechanical strength, and encapsulation efficiency to the product being packaged. This makes it suitable for use in pharmaceuticals, food & beverages, cosmetics among others sectors where products require protection from light exposure or chemical reactions that may affect their properties.
Application Insights:
The flexible OLED display application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. The growing demand for flexible displays in smartphones, wearable devices, and automotive displays is expected to drive Thin-Film Encapsulation (TFE) market growth over the coming years.
Thin-film photovoltaics accounted for a significant market share of 11.9% in terms of volume in 2017 owing to increasing government support towards renewable energy generation through solar power plants across countries such as China, India, South Korea and Australia. Furthermore, favorable government policies such as Feed-In Tariffs (FiT) that provide financial subsidies towards consumers who generate their own electricity through solar power projects are further anticipated to boost TFE product demand over the forecast period.
Other applications include organic LEDs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for flexible OLEDs, TFE solutions, and photovoltaic systems from countries such as China, Japan, South Korea, India among others.
The growing manufacturing sector in these countries coupled with rising investments by domestic governments are some of the major factors contributing toward regional growth. For instance; In January 2018; Government of India announced ‘Make in India’ initiative which includes a provision for 100% foreign direct investment (FDI) in certain sectors including automobile and consumer durable products among others. This government initiative is anticipated to boost manufacturing activities across various industries thereby driving product demand over the forecast period.
Growth Factors:
- Increasing demand for solar energy: The global market for thin-film encapsulation is expected to grow at a CAGR of more than 9% from 2016 to 2020. This can be attributed to the increasing demand for solar energy across the globe. Thin-film encapsulation helps in improving the efficiency of solar cells and modules, which in turn is driving the growth of this market.
- Rising awareness about renewable energy: There has been a rise in awareness about renewable sources of energy such as solar and wind power in recent years. This has led to an increase in investments in these technologies, thereby driving the growth of the thin-film encapsulation market.
- Technological advancements: The development of new and innovative technologies is helping to drive the growth of the thin-film encapsulation market. For instance, transparent conductive oxides (TCOs) are being increasingly used as front contacts instead of metal grids due to their low cost and high transparency levels (>95%). Such advancements are helping to boost demand for thin-film encapsulated products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thin-Film Encapsulation (TFE) Market Research Report
By Type
Organic Layers, Inorganic Layers
By Application
Flexible OLED Display, Flexible OLED Lighting, Thin-Film Photovoltaics, Others
By Companies
Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp (UDC) (US), Applied Materials (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)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Thin-Film Encapsulation (TFE) Market Report Segments:
The global Thin-Film Encapsulation (TFE) market is segmented on the basis of:
Types
Organic Layers, Inorganic Layers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flexible OLED Display, Flexible OLED Lighting, Thin-Film Photovoltaics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Samsung SDI (Novaled) (South Korea)
- LG Chem (South Korea)
- Universal Display Corp (UDC) (US)
- Applied Materials (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)
 Market Overview.svg)
Highlights of The Thin-Film Encapsulation (TFE) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Layers
- Inorganic Layers
- By Application:
- Flexible OLED Display
- Flexible OLED Lighting
- Thin-Film Photovoltaics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thin-Film Encapsulation (TFE) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thin-film encapsulation (TFE) is a process of forming a protective coating on the surface of an object. The coating is made up of small, uniform particles that are suspended in a liquid or gas. TFE coats objects by vaporizing the liquid or gas and then condensing the vapor onto the object's surface.
Some of the key players operating in the thin-film encapsulation (tfe) market are Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp (UDC) (US), Applied Materials (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 thin-film encapsulation (tfe) market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thin-Film Encapsulation (TFE) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thin-Film Encapsulation (TFE) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thin-Film Encapsulation (TFE) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thin-Film Encapsulation (TFE) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thin-Film Encapsulation (TFE) Market Size & Forecast, 2018-2028
4.5.1 Thin-Film Encapsulation (TFE) Market Size and Y-o-Y Growth
4.5.2 Thin-Film Encapsulation (TFE) Market Absolute $ Opportunity
Chapter 5 Global Thin-Film Encapsulation (TFE) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thin-Film Encapsulation (TFE) Market Size Forecast by Type
5.2.1 Organic Layers
5.2.2 Inorganic Layers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thin-Film Encapsulation (TFE) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thin-Film Encapsulation (TFE) Market Size Forecast by Applications
6.2.1 Flexible OLED Display
6.2.2 Flexible OLED Lighting
6.2.3 Thin-Film Photovoltaics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thin-Film Encapsulation (TFE) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thin-Film Encapsulation (TFE) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thin-Film Encapsulation (TFE) Analysis and Forecast
9.1 Introduction
9.2 North America Thin-Film Encapsulation (TFE) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thin-Film Encapsulation (TFE) Market Size Forecast by Type
9.6.1 Organic Layers
9.6.2 Inorganic Layers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thin-Film Encapsulation (TFE) Market Size Forecast by Applications
9.10.1 Flexible OLED Display
9.10.2 Flexible OLED Lighting
9.10.3 Thin-Film Photovoltaics
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thin-Film Encapsulation (TFE) Analysis and Forecast
10.1 Introduction
10.2 Europe Thin-Film Encapsulation (TFE) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thin-Film Encapsulation (TFE) Market Size Forecast by Type
10.6.1 Organic Layers
10.6.2 Inorganic Layers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thin-Film Encapsulation (TFE) Market Size Forecast by Applications
10.10.1 Flexible OLED Display
10.10.2 Flexible OLED Lighting
10.10.3 Thin-Film Photovoltaics
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thin-Film Encapsulation (TFE) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thin-Film Encapsulation (TFE) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thin-Film Encapsulation (TFE) Market Size Forecast by Type
11.6.1 Organic Layers
11.6.2 Inorganic Layers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thin-Film Encapsulation (TFE) Market Size Forecast by Applications
11.10.1 Flexible OLED Display
11.10.2 Flexible OLED Lighting
11.10.3 Thin-Film Photovoltaics
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thin-Film Encapsulation (TFE) Analysis and Forecast
12.1 Introduction
12.2 Latin America Thin-Film Encapsulation (TFE) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thin-Film Encapsulation (TFE) Market Size Forecast by Type
12.6.1 Organic Layers
12.6.2 Inorganic Layers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thin-Film Encapsulation (TFE) Market Size Forecast by Applications
12.10.1 Flexible OLED Display
12.10.2 Flexible OLED Lighting
12.10.3 Thin-Film Photovoltaics
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thin-Film Encapsulation (TFE) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thin-Film Encapsulation (TFE) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thin-Film Encapsulation (TFE) Market Size Forecast by Type
13.6.1 Organic Layers
13.6.2 Inorganic Layers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thin-Film Encapsulation (TFE) Market Size Forecast by Applications
13.10.1 Flexible OLED Display
13.10.2 Flexible OLED Lighting
13.10.3 Thin-Film Photovoltaics
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thin-Film Encapsulation (TFE) Market: Competitive Dashboard
14.2 Global Thin-Film Encapsulation (TFE) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung SDI (Novaled) (South Korea)
14.3.2 LG Chem (South Korea)
14.3.3 Universal Display Corp (UDC) (US)
14.3.4 Applied Materials (US)
14.3.5 Veeco Instruments (US)
14.3.6 Kateeva (US)
14.3.7 Toray Industries (Japan)
14.3.8 BASF (Rolic) (Germany)
14.3.9 Meyer Burger (Switzerland)
14.3.10 Aixtron (Germany)
14.3.11 Bystronic Glass (Germany)
14.3.12 AMS Technologies (Germany)
14.3.13 Angstrom Engineering (Canada)
