Global Thin-Film Encapsulation (TFE) Industry

Global Thin-Film Encapsulation (TFE) Industry

  • April 2021 •
  • 111 pages •
  • Report ID: 5820424 •
  • Format: PDF
Abstract:
- Global Thin-Film Encapsulation (TFE) Market to Reach $111.3 Million by 2027
- Amid the COVID-19 crisis, the global market for Thin-Film Encapsulation (TFE) estimated at US$25.4 Million in the year 2020, is projected to reach a revised size of US$111.3 Million by 2027, growing at a CAGR of 23.5% over the analysis period 2020-2027. Flexible OLED Display, one of the segments analyzed in the report, is projected to record a 27.7% CAGR and reach US$61.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flexible OLED Lighting segment is readjusted to a revised 22.5% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $7.6 Million, While China is Forecast to Grow at 22.6% CAGR
- The Thin-Film Encapsulation (TFE) market in the U.S. is estimated at US$7.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19 Million by the year 2027 trailing a CAGR of 22.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.6% and 19.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.
- Thin-Film Photovoltaics Segment to Record 16.9% CAGR
- In the global Thin-Film Photovoltaics segment, USA, Canada, Japan, China and Europe will drive the 16.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.1 Million in the year 2020 will reach a projected size of US$12.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$12.8 Million by the year 2027.

- Select Competitors (Total 41 Featured) -
  • 3M Company
  • Aixtron SE
  • AMS Technologies AG
  • Angstrom Engineering
  • Applied Materials, Inc.
  • Beneq Oy
  • Bystronic Glass
  • Encapsulix SAS
  • Kateeva
  • LG Chem Ltd.
  • Lotus Applied Technology
  • Meyer Burger Technology Ltd.
  • Samsung SDI Co., Ltd
  • Toray Industries, Inc.
  • Universal Display Corporation
  • Veeco Instruments Inc.
  • Vitriflex, Inc.