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Thin-Film Encapsulation (TFE) Market Share

Report ID: GMI11492
Published Date: Sep 2024
Report Format: PDF

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Thin-Film Encapsulation Market Share

Samsung SDI Co., Ltd. and LG Chem are prominent leaders, leveraging their expertise in advanced materials and manufacturing processes to develop cutting-edge encapsulation solutions for OLED and flexible displays. Their strong R&D capabilities and extensive market presence allow them to drive innovation and maintain significant market shares.

Universal Display Corporation, 3M, Applied Materials, Inc., Meyer Burger Technology AG, and Toray Industries, Inc. also play crucial roles in the TFE market. Universal Display Corporation focuses on OLED technologies and efficient encapsulation solutions, while 3M and Applied Materials contribute through their advanced materials and deposition technologies. Meyer Burger Technology AG and Toray Industries are recognized for their innovations in thin-film photovoltaics and high-performance encapsulation solutions.

Thin-Film Encapsulation Market Companies

Major players operating in the thin-film encapsulation industry are:

Samsung SDI Co., Ltd.
LG Chem
Universal Display Corporation
3M
Applied Materials, Inc.
Meyer Burger Technology AG
Toray Industries, Inc.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Global thin-film encapsulation industry was valued at USD 120.5 million in 2023 and is anticipated to register over 20% CAGR between 2024 and 2032, driven by growing consumer preference for flexible and wearable electronics.

The inorganic segment in the TFE market held 56% revenue share in 2023 due to its superior durability and protection against moisture, oxygen, and high temperatures, essential for high-performance displays and electronics.?

Asia Pasic TFE industry held 39% revenue share in 2023 due to its top electronics manufacturers and growth in consumer electronics and renewable energy investments.

Samsung SDI Co., Ltd., LG Chem, Universal Display Corporation, 3M, Applied Materials, Inc., Meyer Burger Technology AG, and Toray Industries, Inc.