What is the current Thin Film Encapsulation Market size?

The Thin Film Encapsulation Market is projected to register a CAGR of 14.80% during the forecast period (2024-2029) Read More

Who are the key players in Thin Film Encapsulation Market?

Samsung SDI Co.,Ltd., LG Chem, Applied Materials, Inc., Universal Display Corp. (UDC) and 3M are the major companies operating in the Thin Film Encapsulation Market. Read More

Which is the fastest growing region in Thin Film Encapsulation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Thin Film Encapsulation Market?

In 2024, the Asia Pacific accounts for the largest market share in Thin Film Encapsulation Market. Read More

What years does this Thin Film Encapsulation Market cover?

The report covers the Thin Film Encapsulation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thin Film Encapsulation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Thin Film Encapsulation Market - TFE - Companies, Size & Share

Thin Film Encapsulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Thin-Film Encapsulation Market is Segmented by Technology (Plasma-enhanced chemical vapor deposition (PECVD), Atomic layer deposition (ALD), Inkjet printing, Vacuum thermal evaporation (VTE)), Application (Flexible OLED Display, Thin-Film Photovoltaics, Flexible OLED Lighting), and Geography (North America, Europ, Asia Pacific, Rest of the World). The market sizes and forecasts are provided in terms of value in USD billion for all the segments.

Thin Film Encapsulation Industry Overview

The Thin Film Encapsulation Market is moderately competitive and consists of several major players. Regarding market share, some of the major players currently dominate the market. The end-users demand is driven by safety and regulatory needs, and the companies operating in the market are leveraging strategic collaborative initiatives to offer specialized solutions to increase their market share and profitability. The companies operating in the market are also into mergers and acquisitions of start-ups that help improve the served market portfolio on Thin Film Encapsulation technology to strengthen their product capabilities. Some notable vendors in the market include Samsung SDI Co., Ltd., LG Chem, Applied Materials Inc., and 3M, among others.

September 2022 - LG Display developed an OLED on Silicon and a highly efficient color filter structure. The thin film encapsulant of the display is made 2.5 micrometers thick, enough for the light not to leak out, and prevents different colors of light from mixing. To develop the product, the company used color filter materials and processes to help it form at 100 Celsius to protect the OLED material.
August 2022 - LG Electronics (LG) introduced LG OLED Flex (model LX3), an innovative bendable 42-inch OLED screen for immersive consoles, live TV broadcasts, PC and cloud gaming, and content streaming services. The LX3's display can go from flat to curve (900R), allowing users to choose their ideal arc from twenty levels of curvature for a personalized viewing experience.