Global Thin-Film Encapsulation (TFE) Market to Reach $242.4 Million by 2030
The global market for Thin-Film Encapsulation (TFE) estimated at US$51.5 Million in the year 2023, is expected to reach US$242.4 Million by 2030, growing at a CAGR of 24.8% over the analysis period 2023-2030. Flexible OLED Display Application, one of the segments analyzed in the report, is expected to record a 27.1% CAGR and reach US$120.3 Million by the end of the analysis period. Growth in the Flexible OLED Lighting Application segment is estimated at 22.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $15.9 Million, While China is Forecast to Grow at 23.3% CAGR
The Thin-Film Encapsulation (TFE) market in the U.S. is estimated at US$15.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$39.6 Million by the year 2030 trailing a CAGR of 23.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.6% and 20.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR.
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