Thin-Film Encapsulation (TFE) 2018-2023: Global Market Analysis by Application, Deposition Technology, and Geography

DUBLIN, May 21, 2018 /PRNewswire/ --

The "Thin-Film Encapsulation (TFE) Market by Application (OLED Display, Lighting, Thin-Film Photovoltaics), Deposition Technology (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE)), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The thin-film encapsulation market for materials is expected to reach USD 101.1 million by 2023, at a CAGR of 26.1% during the forecast period.

The major factors driving the growth of the market are the rapid adoption of flexible OLED displays for smartphones and smart wearables and need for thin-film barriers in flexible and organic devices. The rise in the adoption of high-efficiency thin-film solar cells; huge investments in building OLED manufacturing facilities; and expected roll-to-roll production of OLED lighting are likely to create lucrative opportunities for thin-film encapsulation technology and material providers. The development of flexible glass acts as a restraint, whereas the essentiality of technical knowledge and need to protect intellectual properties pose major challenges to market players.

There are 2 major steps of thin-film encapsulation, i.e., the deposition of an organic layer and inorganic layer. Technologies used in the production of thin-film barriers include PECVD, ALD, inkjet printing, and others. Plasma-enhanced chemical vapor deposition (PECVD) is one of the techniques allowing industrial-scale deposition of good-quality insulating films, such as silicon oxide and silicon nitride with good adhesion. PECVD is cost-effective when used for mass production and can be performed at low temperatures. Major companies in the thin-film encapsulation market that produce deposition equipment based on the PECVD technology are Applied Materials, Meyer Burger, and Aixtron.

ALD is an attractive thin-film deposition technology because of its precise control over the thin-film thickness and its ability to produce uniform films over large areas. This type of deposition process works at the low process temperature. Companies such as Samsung Electronics and LG Display are increasingly focused on adopting the ALD-based equipment for depositing barrier films. The ALD-based TFE equipment are manufactured by companies such as Veeco Instruments, Lotus Applied Technologies, and Encapsulix. The inkjet printing is expected to revolutionize the TFE technologies for organic layer deposition. Kateeva is the leading manufacturer of inkjet printing equipment for thin film encapsulation.

The thin-film encapsulation market for materials has been segmented on the basis of application into OLED displays, OLED lighting, thin-film photovoltaics, and others. OLED displays witnessed high demand for TFE materials in 2017. Samsung SDI and LG Chem develop thin-film encapsulation materials for flexible OLED displays. These companies are also working with thin-film encapsulation equipment suppliers such as Kateeva and Applied Materials. The thin-film encapsulation market for materials in OLED lighting applications is expected to grow at the highest CAGR of 31.8% during the forecast period.

North America, Europe, Asia Pacific, and RoW are considered the main regions in the thin-film encapsulation market report. Various market players have a positive outlook for the thin-film encapsulation market in APAC due to the presence of industry-leading customers, such as Samsung and LG Display. The European region has presence of OLED lighting manufacturing companies, and North America has presence of various solar cell developers.

APAC accounted for the largest share of the thin-film encapsulation market for materials in 2017. Major display panel and brand product manufacturers are based in China, Japan, Taiwan, South Korea, and Hong Kong. South Korea accounted for 74.2% of TFE market for materials in APAC in 2017 owing to presence of industry leaders, such as Samsung and LG Display in the country. Further, the demand for thin-film encapsulation materials from China is expected to increase rapidly during 2018-2023 as various Chinese players such as BOE Technology and CSOT are planning to construct facilities to manufacture flexible OLED panels. The growth of the market in Europe is driven by factors including the increasing adoption of OLED lighting solutions in the automotive industry and government support initiatives for OLED lighting research. OSRAM is a leading player in the region.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Size By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for TFE Material Market Growth
4.2 TFE Material Market for Flexible OLED Lighting Application, By Region, 2018 vs 2023
4.3 TFE Material Market for Flexible OLED Display Application in APAC, By Country, 2018 vs 2023
4.4 TFE Material Market in APAC, By Application and Country

5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Need for Thin-Film Barrier in Flexible and Organic Devices
5.1.1.2 Trend of Thin-Film Encapsulation Using Inkjet Printing Technology
5.1.1.3 Rapid Adoption of Flexible OLED Displays for Smartphones and Smart Wearables
5.1.1.4 Advantages of Thin-Film Encapsulation
5.1.2 Restraints
5.1.2.1 Development of Flexible Glass
5.1.3 Opportunities
5.1.3.1 Heavy Investments in OLED Technology and Manufacturing Facilities
5.1.3.2 Roll-To-Roll Production of OLED Lighting
5.1.3.3 High Demand for High-Efficiency and Thin Solar Cells
5.1.4 Challenges
5.1.4.1 Requirement for Technical Knowhow and Protection of Intellectual Properties

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research and Development
6.2.2 Manufacturing Technology and Material Supply
6.2.3 TFE Deposition and Product Manufacturing
6.3 Key Industry Trends
6.3.1 Leading OLED Display Panel Suppliers: Current and Future Scenarios
6.3.2 Increased Use of Thin-Film Solar Cells

7 Deposition Technologies Used in Thin-Film Encapsulation
7.1 Introduction
7.2 Inorganic Layers
7.2.1 Pecvd
7.2.2 ALD
7.2.3 Others
7.3 Organic Layers
7.3.1 Inkjet Printing
7.3.2 Vacuum Thermal Evaporation (Vte)

8 TFE Material Market, By Application
8.1 Introduction
8.2 Flexible OLED Display
8.2.1 Smartphone
8.2.2 Smart Wearables
8.2.3 Television and Signage/Large Format Display
8.3 Flexible OLED Lighting
8.4 Thin-Film Photovoltaics
8.5 Others

9 Geographic Analysis
9.1 Introduction
9.2 Asia Pacific (APAC)
9.2.1 South Korea
9.2.2 China
9.2.3 Japan
9.2.4 Taiwan
9.2.5 Rest of APAC
9.3 North America
9.4 Europe
9.4.1 UK
9.4.2 Germany
9.4.3 France
9.4.4 Rest of Europe
9.5 RoW

10 Competitive Landscape
10.1 Overview
10.2 Player Ranking Analysis: Thin-Film Encapsulation (TFE) Market
10.3 Competitive Situations and Trends
10.3.1 Product Launches and Developments
10.3.2 Agreements, Partnerships, Collaborations, Contracts, and Joint Ventures
10.3.3 Mergers and Acquisitions

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 Samsung SDI
11.2.2 LG Chem
11.2.3 Universal Display Corp. (UDC)
11.2.4 Applied Materials
11.2.5 3M
11.2.6 Veeco Instruments
11.2.7 Kateeva
11.2.8 Toray Industries
11.2.9 BASF (Rolic)
11.2.10 Meyer Burger
11.3 Other Key Players
11.3.1 Aixtron
11.3.2 Bystronic Glass
11.3.3 AMS Technologies
11.3.4 Angstrom Engineering
11.4 Key Innovators
11.4.1 Beneq
11.4.2 Encapsulix
11.4.3 Lotus Applied Technology
11.4.4 Vitriflex
11.4.5 Picodeon

For more information about this report visit https://www.researchandmarkets.com/research/sg96q5/thinfilm?w=5

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