Global encapsulants market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the increasing demand for encapsulants from various end-use industries, such as medical, consumer electronics, transportation, and energy & power. Increasing complexity and functionality of electronic devices and rising trend of miniaturization in devices are some of the driving factors for the growth of global encapsulants market. Growing adoption of electronic technologies, ranging from smartphones to laptops, personal computers to advanced home appliances, etc. is expected to boost the demand for encapsulants in the coming years. More and more electronic manufacturers are producing reliable electronic components, owing to the rising penetration of internet, which is anticipated to boost the demand for silicone encapsulants. Furthermore, rapid shift from fossil and coal-based energy to green energy have led to a significant demand for silicone encapsulants, which is anticipated to drive the market even further.
The global encapsulants market is segmented on the basis of chemistry, curing type, end-use industry, and region. Based on chemistry, the market has been segmented into epoxy encapsulant, urethane encapsulant and silicone encapsulant. The epoxy segment is anticipated to lead the market during the forecast period due to its various properties like strength & durability, adhesion, low cure shrinkage, compatibility with most materials, resistance to corrosion & chemicals and good electrical insulation. By End-Use industry, the market has been segmented into consumer electronics, energy & power, transportation, medical and others. in 2021, the consumer electronics segment of the encapsulants market is anticipated to grow at the highest rate, owing to growing semiconductor & electronics industry. In 2021, APAC region dominated the global encapsulants market owing to growing demand from automotive and medical industries and moreover, the region is anticipated to maintain its dominance over the next five years as well.
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Some of the leading players in the global encapsulants market are Hitachi Chemical Co., Ltd., DOW Corning Corporation, Lord Corporation, Panasonic Corporation, Epic Resins, Sumitomo Bakelite Co. Ltd., H.B. Fuller, Shin-Etsu Chemical Co., Ltd., The 3M Company, BASF SE, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Chemistry · By Curing Type · By End-Use Industry |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | Hitachi Chemical Co., Ltd., DOW Corning Corporation, Lord Corporation, Panasonic Corporation, Epic Resins, Sumitomo Bakelite Co. Ltd., H.B. Fuller, Shin-Etsu Chemical Co., Ltd., The 3M Company, BASF SE |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
