Stratview Research delivers key insights on the Global Thin Film Encapsulation Market. According to Stratview Research, the market is segmented by Type (Organic Layers Deposition, Inorganic Layers Deposition), Application (Flexible OLED Display, Flexible OLED Lighting, Thin-Film Photovoltaic, Others), and Region (North America, Europe, Asia Pacific rest of the World).
Market Insights
The report suggests that the overall Thin Film Encapsulation Market is estimated to grow from USD 19.3 million in 2021 to USD 91.64 million by 2028 at a healthy CAGR of 24.66% during the forecast period.
Market Segments' Analysis
Type
The market has been bifurcated into organic layers deposition inorganic layers deposition. Under these, inorganic layers deposition accounted for a significant market share in 2021 is expected to maintain its dominance during the forecast period. The inorganic layer plays a crucial role in safeguarding against oxygen and moisture, and it is deposited onto the device via PECVD, ALD, and sputtering processes.
Regional Analysis
North America accounted for the largest share in 2021 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the widespread product adoption rate and the presence of an established end-use industry in the region.
Key Players
The following are some of the key players in the thin film encapsulation market:
- Universal Display Corporation (US)
- Applied Materials, Inc. (US)
- 3M (US)
- Veeco Instruments (US)
- Kateeva (US)
- Toray Industries, Inc. (Japan)
- BASF SE (Germany)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for thin film encapsulation market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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