Global Thin-Film Encapsulation (TFE) Market Size By Application, By Technology, By Geographic Scope And Forecast

Thin-Film Encapsulation (TFE) Market Size And Forecast

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Thin-Film Encapsulation (TFE) Market size was valued at USD 45.02 Million in 2019 and is projected to reach USD 210.59 Million by 2027, growing at a CAGR of 25.9% from 2020 to 2027.

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An increase in the requirement for the thin-film barrier in various flexible devices, a rise in the adoption rate of flexible OLED displays for smart devices, and increasing capital investments in OLED technology have been driving the global Thin-Film Encapsulation (TFE) Market. The Global Thin-Film Encapsulation (TFE) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Thin-Film Encapsulation (TFE) Market Definition

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Thin-film encapsulation (TFE) is an emerging form of technology for organic light-emitting diodes (OLED). TFE has the ability to replace the front glass layer with a thin-film barrier present in an OLED device. OLED material has a very susceptible nature to degradation when exposed to various environmental factors such as water and air. This technology is very challenging as its barrier film has a requirement of low water and oxygen permeation, the deposition must be done at a low temperature, and must last the shelf life of the OLED device. Increasing technological developments along with increments in investments have contributed to the Thin-Film Encapsulation (TFE) Market.

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Global Thin-Film Encapsulation (TFE) Market Overview

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An increase in the requirement for the thin-film barrier in various flexible devices, a rise in the adoption rate of flexible OLED displays for smart devices, and increasing capital investments in OLED technology have been driving the global Thin-Film Encapsulation (TFE) Market. On the other hand, lacking technological knowledge and expansion of flexible glass technology might hinder the overall market at a global level.

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Global Thin-Film Encapsulation (TFE) Market Segmentation Analysis

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The Global Thin-Film Encapsulation (TFE) Market is segmented based on Technology, Application, and Geography.

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Thin-Film Encapsulation (TFE) Market, By Technology

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• Plasma-enhanced chemical vapor deposition (PECVD)
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• Atomic layer deposition (ALD)
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• Inkjet printing
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• Vacuum Thermal Evaporation
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• Others

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Based on Technology, the market is segmented into Plasma-enhanced chemical vapor deposition (PECVD), Atomic layer deposition (ALD), Inkjet printing, Vacuum Thermal Evaporation, and Others.

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Thin-Film Encapsulation (TFE) Market, By Application

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• Flexible OLED Display
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• Thin-Film Photovoltaics
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• Flexible OLED Lighting
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• Others

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Based on Application, the market is segmented into Flexible OLED Display, Thin-Film Photovoltaics, Flexible OLED Lighting, and Others.

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Thin-Film Encapsulation (TFE) Market, By Geography

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• North America
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• Europe
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• Asia Pacific
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• Rest of the world

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On the basis of Geography, the Global Thin-Film Encapsulation (TFE) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

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Key Players

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The “Global Thin-Film Encapsulation (TFE) Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Meyer Burger, LG Chem, Angstrom Engineering, Applied Materials, AMS Technologies, Samsung SDI, 3M, BASF (Rolic), Kateeva, Aixtron, Universal Display Corp. (UDC), and Veeco Instruments.

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Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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Report Scope

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Reasons to Purchase this Report

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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• Provides insight into the market through Value Chain
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• Market dynamics scenario, along with growth opportunities of the market in the years to come
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