Market Insight-Global Fine Metal Mask (FMM) Market Overview 2023

The global Fine Metal Mask (FMM) market size is projected to reach US$ 5148.58 Million by 2029 from US$ 852.07 million in 2022 at a CAGR of 30.16% during 2023-2029– Bossonresearch.com

Fine Metal Mask (FMM) is a metal material board that is thinner than paper, and is a consumable core component for the production of organic light-emitting diode (OLED) displays. FMM has many microscopic holes that are invisible to the naked eye. Its main role is to deposit RGB organic substances and form pixels during the OLED production process to ensure the resolution and yield of the panel. It is a core and challenging technology in the production of OLED displays, and it is expected to have high growth potential as a new market in the future.

The global Fine Metal Mask (FMM) market size is projected to reach US$ 5148.58 Million by 2029 from US$ 852.07 million in 2022 at a CAGR of 30.16% during 2023-2029.

Increasing demand for high-quality displays from consumer electronics such as smartphones, tablets, laptops, TV, smartwatch, and others are responsible for fine mask metal (FMM)'s increasing sales. Manufacturers aim at providing highly durable and effective solutions to OLED display manufacturers to provide excellent displays to consumers. Major original equipment manufacturers such as Samsung, Xiaomi, Sony, LG, Panasonic, and others extensively utilize high-quality OLED screens in a variety of their products to attract more consumers. This factor is expected to propel the fine metal mask (FMM) market progress.

Figure Global Fine Metal Mask (FMM) Market Size

Source: Bossonresearch.com, 2023

Increasing demand for high-quality displays from consumer electronics such as smartphones, tablets, laptops, TV, smartwatch, and others are responsible for fine mask metal (FMM)'s increasing sales. Manufacturers aim at providing highly durable and effective solutions to OLED display manufacturers to provide excellent displays to consumers. Major original equipment manufacturers such as Samsung, Xiaomi, Sony, LG, Panasonic, and others extensively utilize high-quality OLED screens in a variety of their products to attract more consumers. This factor is expected to propel the fine metal mask (FMM) market progress.

FMM's demand is increasing rapidly because of the rising demand for OLED panels from consumers. OLED is considered to be better compared to liquid crystal displays (LCD) in terms of color reproduction and picture quality, which, in turn, boosts its demand. OLED displays are thinner and consume less energy as compared to an LCD. They are extremely efficient and require lesser components to manufacture as compared to their counterparts. Increasing development and increasing adoption of the display in budget televisions, smartphones, and other devices is expected to boost fine metal mask's (FMM) demand drastically. Manufacturers such as Sony, Samsung, and LG utilize OLED extensively as compared to LCDs. FMM possesses a great advantage for cleaning off contaminants because of its ability to be cleaned using deionized water and isopropyl alcohol. FMM manufacturers utilize advanced cleaning methods and layer deposition methods to increase the material's shelf-life and improve its quality. It is used extensively by manufacturers because of its reliability and quality during the production process. The rising adoption of the material in several consumer electronics products is expected to incite the progress of the fine metal mask (FMM) market.

Driving Factors

Growing demand for foldable displays

Foldable display technology is one of the latest trends reshaping the fine metal mask (FMM) consumer electronics landscape of the OLD display market. The increasing popularity of foldable devices, especially smartphones and wearables, requires flexible FMMs. As this trend continues, it provides ample growth opportunities for the FMM market, driving the need for innovative production technologies and materials to meet the demand for foldable and flexible OLED displays.

OLED displays are increasingly popular with consumers

Demand for FMM is growing rapidly due to growing consumer demand for OLED panels. OLED is considered better in terms of color reproduction and image quality compared to liquid crystal displays (LCD), which in turn is increasing its demand. OLED displays are thinner and consume less energy than LCDs. They are extremely efficient and require fewer components to manufacture than similar products.

The continued development and adoption of displays in affordable TVs, smartphones, and other devices is expected to significantly boost the demand for fine metal masks (FMM). Compared to LCD, OLED is widely used by manufacturers such as Sony, Samsung and LG. FMM has a huge advantage in removing contaminants due to its ability to use deionized water and isopropyl alcohol for cleaning. FMM manufacturers utilize advanced cleaning methods and layer deposition methods to extend the shelf life of materials and improve their quality. It is widely used by manufacturers due to its reliability and quality in the production process.

AMOLED panel demand is expected to rise in the long term

Although in 2022, due to multiple factors such as economic downturn, inflation, and the concentrated release of new supply-side production capacity in the early stage, the demand for terminal consumer electronics will be weak, consumers' desire to iterate and replace will be weakened, and the global display industry will be in decline. The shipment situation of AMOLED panels has not Achieve the expected high growth, but both the shipment area and the market scale account for an increase in the proportion of global display panels, especially in high-end and emerging markets such as folding screen mobile phones, vehicles, AR/VR, tablets, and game platforms. Penetration rate.

In the large-size field, according to Omdia data, global OLED TV shipments in 2022 will be 7.4 million units, accounting for 3% of total global TV shipments, which is basically the same as in 2021 and far lower than the 66% market growth in 2021 . In the future, as market demand gradually picks up, the "color cast" and lifespan problems of large-size OLEDs are further improved, and technological progress drives down prices, large-size AMOLED panels will enter a more stable demand growth model, and the OLED TV market size and penetration rate It is expected to continue to rise.

Key players in the Fine Metal Mask (FMM) Market include:

Dai Nippon Printing (DNP)

Toppan Printing co., ltd

Darwin

Sewoo Incorporation

Poongwon

Athene

Shandong Aolai Electronic Technology

Lianovation

APS Holdings

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