HOME Research Insight Samsung SDI (Novaled) (South Korea) and LG Chem (South Korea) are the Leading Players in the Thin-Film Encapsulation (TFE) Market

Samsung SDI (Novaled) (South Korea) and LG Chem (South Korea) are the Leading Players in the Thin-Film Encapsulation (TFE) Market

The thin-film encapsulation (TFE) market for materials is anticipated to grow at a CAGR of 26.1% between 2018 and 2023 to reach USD 101.1 Million by 2023. In 2017, the leading suppliers of thin-film encapsulation equipment and materials in the market were Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp. (UDC) (US), Applied Materials (US), 3M (US), Veeco Instruments (US), Kateeva (US), Toray Industries (Japan), BASF (Rolic) (Germany), Meyer Burger (Switzerland), Aixtron (Germany), Bystronic Glass (Germany), AMS Technologies (Germany), and Angstrom Engineering (Canada). Key innovators profiled in this report include Beneq (Finland), Encapsulix (France), Lotus Applied Technology (US), Vitriflex (US), and Picodeon (Finland).

Samsung SDI, being the leading supplier of thin-film encapsulation materials, has led the thin-film encapsulation market. The company has dedicated product offerings in the thin-film encapsulation market for OLED displays. Samsung Display is one of the leading customers of flexible OLED display materials, which are being supplied by Samsung SDI. Samsung Electronics has its footprints throughout the value supply chain of OLED displays owing to the investments made by the company in the R&D activities for OLED displays and materials. Samsung SDI has grown through organic as well as inorganic strategies in the market. For instance, in June 2014, it merged the electronic materials division of the Cheil Industries into its fold to capitalize in the OLED material market. Cheil Industries is into the development of barrier layers used in the thin-film encapsulation process. The company has invested well in R&D activities to support its business operations. As of December 2016, the R&D investment amounted to about 10.6% of the net revenue. In 2014, Samsung Venture Investment invested around USD 38 million in Kateeva, a company that manufactures inkjet printing equipment for the thin-film encapsulation process. The company has a number of clients in APAC for electronic materials and in Europe for its energy solutions.

LG Chem offers materials mainly for LCD and OLED display panels. The products offered by the company include polarizers, photoresists, glass substrates, thin-film encapsulation materials, and OLED materials such as HTL, HIL, EML, and ETL. The company has manufacturing plants in Korea and China and has wide geographic presence with major operations in the APAC region. The company has collaborated with other prominent players to strengthen its presence in the OLED market. For instance, the company partnered with Idemitsu Kosan to share patented information related to OLED technology. LG Chem offers encapsulants for OLED displays developed by its sister company, LG Display.

Related Reports:

Thin-Film Encapsulation (TFE) Market by Application (OLED Display, Lighting, Thin-Film Photovoltaics), Deposition Technology (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE)), and Geography - Global Forecast to 2023

Mr. Rohan
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support

US : 1-888-600-6441

Search reports