- Thin-film encapsulation, encompassing organic and inorganic layers, is a critical technology for protecting sensitive electronic components, such as OLED displays and photovoltaic cells, from environmental factors like moisture and oxygen, enabling lightweight, flexible, and durable devices.
- The market is propelled by Asia Pacific’s leadership in consumer electronics, automotive innovation, and renewable energy, coupled with the increasing need for high-performance barrier films in flexible displays and solar applications.
- The China dominates the Asia Pacific market, with a market share of 84.87% of regional revenue in 2024, driven by its robust consumer electronics ecosystem, significant investments in renewable energy, and strong aerospace and defense sectors. India is witnessing steady growth, fueled by its focus on solar energy adoption and smart manufacturing initiatives.
- The inorganic layers segment dominates, holding a market share of 54.2% in 2024, driven by its superior moisture and oxygen barrier properties used in OLED displays and photovoltaics.
