Albany, NY -- (SBWIRE) -- 09/12/2018 -- Thin film encapsulation has the potential of replacing front glass OLED in the coming years. The increasing adoption of flexible OLED displays in smartphones and other smart devices, coupled with the increasing demand for organic devices and thin-film barriers, will bode well for the global thin film encapsulation market, finds a report, titled "Thin Film Encapsulation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026," which is currently available for sale on MarketResearchReports.biz. The report offers a holistic study of the market, analyzing in detail various growth drivers and restraints. It is intended to help stakeholders gauge the trends prevailing in the global thin film encapsulation market. In addition to this, the report also offers valuable intelligence to the companies operating in the market to help them create winning strategies for the future.

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In the coming years, the global thin film encapsulation market will exhibit growth at a positive pace. Steered by the increasing use of high-performing thin film solar cells, the market will tread a positive trajectory in the coming years. The increasing investment towards building OLED business facilities will also create growth opportunities for the market. According to the report, the global the roll-to-roll production of OLED lighting will boost sales opportunities in the coming years.

On the downside, expanding footprint of flexible glass manufactures is a major concern for the market players. The rising demand for flexible glass can have a negative impact on the thin film encapsulation market.

The report segments the global thin film encapsulation market based on various parameters. For instance, in terms of technology the market can be segmented into atomic layer deposition, plasma-enhanced chemical vapor deposition, inkjet printing, and others. Of these, plasma-enhanced chemical vapor deposition has an industry-scale demand due to its cost-effectiveness and use in mass production. On the basis of application, the global thin film deposition market can be segmented into flexible lighting products, thin-film batteries, OLED displays, photovoltaic solar cells, and others. Of these, the OLED displays segment exhibits high demand for thin-film encapsulation materials.

Regionally, the global thin film encapsulation market can be segmented into South America, North America, Asia Pacific, Europe, and the Middle East and Africa. According to the report, Asia Pacific is likely to offer attractive prospects to the market. The presence of several industry-leading client will boost the market in the region. In Europe, the demand will rise due to the presence of many OLED lighting manufacturing companies. Similarly, the presence of many solar cell developers will enable the thin film encapsulation market gain impetus in North America.

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The report also profiles some of the leading companies operating in the global thin film encapsulation market. These include LG Chem (South Korea), Meyer Burger (Switzerland), and others.

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