Global thin-film encapsulation market is expected to reach USD 229.05 million by 2026, is growing with the healthy CAGR in the forecast period 2019 to 2026. The years considered for study are as mentioned below.
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Thin-film encapsulation can be defined as a technology which ensures the protection of flexible devices from water, moisture and other contaminated element. It can be deposited through an organic layer as well as through an inorganic layer. Generally nowadays, these are found to be integrated which means both the organic and inorganic layers are being used which enables the reduction of cost and provide more flexibility with enhanced capacity. Thin-film encapsulation has major applicability in smart devices such as smart phones, smart wearables, smart watch which is moving towards the flexible device structure.
Initially LCD displays were being used in smart phones and other smart devices but the trend is being shifting toward the adoption of OLED display as the cost of production and the price of OLED display is 20%-30% lower than LCD display. Many companies in China and Korea are completely shifting their production line from LCD display to OLED display. Companies like Samsung, Apple and many more are working on the development of flexible display mobiles and television. This will increase the demand of thin-film encapsulation technology as TFE is the technology which enables the protection of uneven or flexible display from the moisture, air or water.
There is high level of competition to this technology. For instance, Coring is doing R&D on creating a flexible glass which can be adjusted on a non-plane device. This R&D has major investment of apple for development of flexible glass which would not use any TFE technology.
The company was founded in the year 1970 and headquartered in Yongin, South Korea. The company has major focus towards providing technology and solution for electronic device material and energy. The company has the annual revenue of nearly USD 8,205.81 million in 2018 which has increased as compared to the year 2017 which was USD 2500 million. The company deals in two business segment which are energy solutions and electronic material, where electronic material is being focused towards thin film encapsulation. The company has their global presence in Asia-Pacific, Europe, North America and South America.
The company has the subsidiaries such as Samsung SDI Japan Co., Ltd. ("SDIJ") (Japan), Samsung SDI Mexico, S.A. de C.V. ("SDIM") (Mexico), Samsung SDI Hungary Rt. ("SDIHU") (Hungary), Samsung SDI Europe GmbH ("SDIEU") (Germany), Samsung SDI Battery Systems GmbH ("SDIBS") (Austria) and many more.
Founded in 1947 and headquartered in Seaowl, South Korea. LGChem is focused towards the manufacturing of basic material and chemical, advance materials, IT & electronics material and energy solutions. The company basically deals in Basic Material & Chemicals, Energy Solutions, IT& electronics Material and Advanced Material, Common & Others, Life Sciences but is focused towards IT& Electronic Material and Advanced Material in this particular market. The company has the annual revenue of USD 25,251.98 Million in 2018 which has increased as compared to the year 2017 which was USD 2,000 million. The company has the global presence in Asia Pacific, Europe, America and Others.
The company has many subsidiaries such as LG Chem HK Ltd. (Hong Kong), LG Chem America Inc. (USA), LG Chemical India Pvt Ltd. (India), LG Chem Europe GmbH (Germany), LG Chem Taiwan Ltd (Taiwan) and many more. It holds many certifications such as ISO 9001:2008, ISO 14001, OHSAS 18001 and KOSHA 18001.
Founded 2008 and headquartered in California, USA. It is a privately held company of North America but is one of the prominent players in the thin-film encapsulation market. The company is focused towards production of the OLED displays with advanced power advantages if compared from conventional displays. The company provides inkjet solution for OLED in form of YIELDjet FLEX.
The company has the global presence in USA, China, Korea, Japan and Taiwan. The company is focused towards Asia-pacific region because it is one of the largest producers of the display for smart device. It has the subsidiary named Kateeva display technology (shanghai) limited in China.
Global Thin-Film Encapsulation Market – Industry Trends and Forecast to 2028
Asia-Pacific Thin-film Encapsulation Market – Industry Trends and Forecast to 2026
Europe Thin-Film Encapsulation Market – Industry Trends and Forecast to 2026
Middle East and Africa Thin-Film Encapsulation Market – Industry Trends and Forecast to 2026
North America Thin-Film Encapsulation Market – Industry Trends and Forecast to 2026