Thin Film Encapsulation Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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Global Thin Film Encapsulation Market: By Application (Printed Circuit Board, Sensors and Microsystems), By End-user Type (Medical Device Manufacturers, Aerospace and Electrical Cars), By Technology (PECVD, ALD, Inkjet Printing, VTE and Others), and Geography


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Global Thin Film Encapsulation Market


Global thin film encapsulation market report gives comprehensive outlook on thin film encapsulation across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report on global thin film encapsulation market gives historical, current, and future market sizes (US$ Mn) on the basis of application, end-user, technology and region. This report studies global thin film encapsulation market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global thin film encapsulation market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global thin film encapsulation market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global thin film encapsulation market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global thin film encapsulation products.



Thin Film Encapsulation Market:


The global thin film encapsulation market valued US 155.3 Mn in 2019 and is poised to grow with a CAGR of 20.6% over 2020-2026. Some of the key factors fostering the market growth include benefits of thin-film encapsulation, increase in acceptance of flexible OLED displays for smart wearables and smartphones, necessitate for thin-film barrier in organic and flexible devices and increase in technological advancements. However, development of flexible glass and requirement for technical knowhow and protection of intellectual properties are hindering the market growth. Further, huge funds in OLED technology & manufacturing facilities, demand for high-efficiency and thin solar cells provides huge growth opportunity for the market growth.


PECVD Accounts for Larger Market Revenue Share in Global Market


PECVD accounted for larger revenue share in global thin film encapsulation market with a CAGR of 20.6% and is expected to grow over the forecast years. Plasma enhanced chemical vapor deposition is a process which uses the energy within the plasma to bring reactions at the wafer surface that would or else require higher temperatures related with conventional CVD.


Asia Pacific Accounts for Larger Market Revenue Share in Global Market


Asia Pacific accounted for larger revenue share in global thin film encapsulation market with a CAGR of 20.9% and is expected to grow over the forecast years owing to existence of industry leaders, such as Samsung and LG Display in the country. The growth of the regional market can be associated with the progression of electronics and semiconductor industries, mainly in China. The innate electronics manufacturing bases in South Korea, China, and Taiwan led to an enhanced demand for thin film encapsulation technologies. The increase in industrialization and an addition in the number of end-user industries in developing economies, such as China and India, have offered various untapped opportunities.


Competition Assessment


Key player’s profiles in the global market include:

  • Samsung SDI
  • LG Chem
  • Universal Display Corp. (UDC)
  • Applied Materials
  • 3M
  • Veeco Instruments
  • Kateeva
  • Toray Industries
  • Meyer Burger
  • Aixtron
  • Bystronic Glass
  • AMS Technologies
  • Angstrom Engineering


Global thin film encapsulation market is surging owing to expansion of their production facilities for thin film encapsulation to meet the demands of the customers in the market. For instance, In Mar 2020, LG Chem acquired New Facility for more battery production in Poland. Currently, LG Chem has five battery plants in South Korea, China, the United States and Poland, with a combined capacity of 70 gigawatt-hours. In August 2016, Universal Display Corp., made an agreement with Tianma Micro-electronics Co. Ltd. Universal Display granted Tianma non-exclusive license rights for various patents owned or controlled by the company to manufacture and sell OLED displays. Additionally, Universal Display will supply phosphorescent OLED materials to Tianma to use them in its licensed products.


Key Findings of the Report:


  • Global thin film encapsulation market expanding at significant CAGR over 2020 to 2026 owing to increase in acceptance of flexible OLED displays for smartphones and smart wearables
  • Based on region, Asia Pacific accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market



Detailed Segmentation


By Application           

  • Printed Circuit Board
  • Sensors
  • Microsystems


By End-user Type      

  • Medical Device Manufacturers
  • Aerospace
  • Electrical Cars


By Technology           

  • ALD
  • Inkjet Printing
  • VTE
  • Others



By Geography


North America

  • USA
  • Canada


  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe


  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Key Features of the Report:


  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market



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