According to the MarketsandMarkets research report "Thin-Film Encapsulation (TFE) Market by Application, Deposition Technology and Organic Layers, and Geography - Global Forecast to 2023", the TFE market for materials is expected to grow from $31.7 Million in 2018 to $101.1 Million by 2023, at a CAGR of 26.1% between 2018 and 2023. Rising demand for flexible OLED displays and flexible OLED lighting solutions is driving the growth of thin-film encapsulation market for materials.
- OLED displays accounted for the largest share of the thin-film encapsulation market for materials, in terms of value, in 2017.
- APAC is expected to hold the largest market share between 2018 and 2023
- The leading suppliers of thin-film encapsulation equipment and materials in the market are Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp. (UDC) (US), Applied Materials (US), 3M (US), Veeco Instruments (US), Kateeva (US), Toray Industries (Japan), BASF (Rolic) (Germany), Meyer Burger (Switzerland), Aixtron (Germany), Bystronic Glass (Germany), AMS Technologies (Germany), and Angstrom Engineering (Canada). Key innovators profiled in this report include Beneq (Finland), Encapsulix (France), Lotus Applied Technology (US), Vitriflex (US), and Picodeon (Finland).
For further enlightenment, peruse select sections of the "Thin-Film Encapsulation (TFE) Market - Global Forecast to 2023" report.