Fine Metal Mask (FMM) Market Size, Share, Growth, and Industry Analysis By Type (Multi Material Composite Method, Electroforming, and Etching) By Application (TV and Computer, Smartphone, and Others), Regional Insights, and Forecast From 2024 To 2032

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Fine Metal Mask (FMM) Market REPORT OVERVIEW

Global fine metal mask (FMM) market size was USD 0.47 billion in 2023 and is projected to touch USD 1.79 billion by 2032, at a CAGR of 16.10% during the forecast period.

A fine metal mask (FMM) is a material board composed of microscopic holes responsible for depositing RGB substances to form pixels in AMOLED display production. It is thinner than paper and is used to maintain the panel's yield and resolution. It is used extensively to produce ultra high definition (UHD) OLED panels for TV, monitors, laptop displays, and smartphone OLED/AMOLED displays. The panel improves the display's sharpness and color output and enhances the viewing experience of consumers. It improves the functionality of the panel and maintains the resolution effectively. 

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. 

COVID-19 Impact: Robust Demand for High-Quality Consumer Electronics to Bolster Market Growth

The COVID-19 pandemic has adversely affected several markets worldwide. The alarming spike in COVID-19 cases leads to the adoption of work-from-home culture, which, in turn, bolstered demand for advanced consumer electronics. FMM is used extensively in the production of AMOLED displays. The increasing spike in smartphone sales is attributable to the rising demand for advanced high-performance devices with excellent displays for the consumption of entertainment. The rising demand for laptops, television, and others is fueling the demand for FMM boards from several electronics manufacturers. The adoption of advanced production machinery, reduced working capacity, adoption of advanced sanitization measures, and part-time shifts enables manufacturers to meet the rising demand for the material board and boost their sales. Therefore, these factors are likely to bolster market growth during the pandemic. 

LATEST TRENDS

"Rising Popularity of OLED Displays among Consumers to Boost Market Growth"

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.  

Fine Metal Mask (FMM) Market Segmentation

• By Type Analysis

By type, the market is segmented into a multi-material composite method, electroforming, and etching. 

The etching segment is expected to lead the market because of its adoption in the production of large panels for electronics. It eliminates the problems regarding substance retention and improves the light emission of AMOLED and OLED panels. It is responsible to efficiently maintain the resolution and color output of the fine metal mask layer. These factors can boost the growth of the industry. 

• By Application Analysis

Based on application, the market is classified into TV and Computer, Smartphone, and Others

The smartphone segment is expected to lead the market because of the rising adoption of smartphones. The demand for smartphones with high-quality OLED and AMOLED displays is expected to boost fine metal mask (FMM)'s demand. Its energy efficiency and color reproduction compared to LCDs is expected to increase its adoption. These factors are responsible for the progress of the industry.

DRIVING FACTORS

"Rising Demand for Slim and Aesthetically Appealing Consumer Electronics to Foster Industry Growth"

Advancements in technology have enabled manufacturers to reduce the thickness of electronics and improve the aesthetics of electronic devices. A fine metal mask (FMM) enables manufacturers to create an extremely thin and high-quality panel that consumes lesser energy, space, and resources and provides excellent quality. The adoption of OLED displays in smartphones, tablets, laptops, and other devices has enabled manufacturers to produce visually appealing and high-performance devices with reduced weight and space consumption. Thin televisions are used in several constructions because of their ability to elevate the aesthetic of the wall. It is used in several small monitors during film productions, editing rooms, automotive displays, and others because of its compact size and excellent quality. Evolving consumer preferences and increased spending capacity lead to the adoption of FMM based OLED and AMOLED panels in several industries. These factors are likely to propel the growth of the industry. 

"Rapid Digitization and 5G Infrastructure Development to Facilitate Market Development"

Rapid development in digital services is expected to boost demand for internet-powered electronic devices. This factor is expected to boost demand for devices using OLED panels rapidly. The rising popularity of AMOLED smartphones such as Samsung Galaxy S, Note, and Flip devices is expected to increase the demand for a fine metal mask (FMM). The emergence of several online streaming services such as Spotify, Amazon Prime Video, Netflix, and others is expected to fuel the demand for high-quality displays and smart devices. Further, the emergence of the pandemic has increased the demand for advanced high-performance 5G smartphones and televisions. Increasing sales for tv, monitors, smartphones, and tablets offering high-quality OLED displays are expected to boost fine metal mask (FMM)'s demand. Additionally, the demand for OLED displays from smartwatch manufacturers is expected to boost FMM's sales. These factors may drive the fine metal mask (FMM) market growth.

RESTRAINING FACTORS

"Availability of Alternative Products to Impede Market Growth"

The availability of better alternative solutions such as WRGB, WOLED, glass masks, and others is expected to hinder the industry's progress. They are better in terms of quality and possess a higher shelf-life as compared to FMM. Problems regarding pixel damage and ghost image retention are likely to increase the adoption of modern LCDs. Modern LCDs are considerably thinner and energy-efficient while offering similar image quality that is close to OLEDs, which, in turn, may impede sales. These factors are expected to hamper the growth of the market. 

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Fine Metal Mask (FMM) Market REGIONAL INSIGHTS

"Increasing Smartphone Sales and Emergence of Manufacturing Base to Fuel Market Growth in Asia Pacific"

Regionally, the market is grouped into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia-Pacific is projected to dominate the fine metal mask (FMM) market share because of rising smartphone sales. Rising per-capita income and evolving buying preferences are expected to boost the fine metal mask (FMM)'s demand. The rising development of 5G networks is expected to boost demand for high-quality devices. The emergence of several manufacturing firms in developing countries is expected to boost the market's growth. 

North America is expected to hold the second-largest market share because of the adoption of the presence of developed digital infrastructure. The rising development of 5G infrastructure and rising demand for high-quality consumer electronics is expected to facilitate the fine metal mask (FMM) market development. 

In Europe, the presence of a developed manufacturing sector is expected to boost demand for the fine metal mask (FMM). Rapid urbanization and increased spending capacity are expected to boost demand for the product. These factors are likely to propel industry growth. 

In Latin America and the Middle East & Africa, increased purchasing power and evolving consumer preferences are expected to fuel the growth of the industry. 

KEY INDUSTRY PLAYERS

"Prominent Companies Invest Heavily on Research & Development to Improve Brand Image"

Prominent companies operating in the market invest heavily in research & development to improve their product quality. The strategy enables companies to use advanced components and materials to tackle the product's shortcomings and improve their brand image. Further, the adoption of advanced production technologies by companies is expected to improve their operational efficiency, reduce labor costs, time consumption, and help the company achieve organizational goals. In addition, the incorporation of expansion strategies enables companies to set up their manufacturing facilities globally and boost their reach. 

LIST OF TOP Fine Metal Mask (FMM) COMPANIES

• Dai Nippon Printing (DNP)
• Toppan Printing co., ltd
• Darwin
• Sewoo incorporation
• Poongwon
• Athene
• APS Holdings
• SHANDONG AOLAI ELECTRONIC TECHNOLOGY
• Lianovation

INDUSTRY DEVELOPMENT

• July 2021: Samsung Display collaborated with Dai Nippon Printing (DNP) a Japanese company to provide Apple with its FMM tensioners for manufacturing OLED panels. 

REPORT COVERAGE

This report offers an analysis regarding the leading segments and latest market trends. It comprehensively discusses the impact of COVID-19 and the driving and restraining factors. It observes the regional developments and the strategies devised by the market's prominent players. It informs readers about the trends and the strategies that are responsible for the industry's growth.