Global Encapsulation Resins Market Size By Resin Type (Epoxy Resins, Polyurethane Resins, Silicone resins), By Industry Vertical (Automotive, Consumer Electronics, Industrial), By Application (Relays & Coils, Sensors, Transformers, Insulators), By Geographic Scope And Forecast

Encapsulation Resins Market Size And Forecast

Encapsulation Resins Market size was valued at USD 5.47 Billion in 2023 and is projected to reach USD 6.3 Billion by 2030, growing at a CAGR of 5.6% from 2024 to 2030.

Encapsulation Resins Refer to Special Materials Used in many Industries to protect and block Electronic Components or devices. These resins are designed to form a protective layer that protects all packaging from moisture, dust, chemicals and physical damage. They have excellent electrical insulation and prevent short circuits and electric shocks. Encapsulating resins are usually thermosetting polymers such as epoxy or polyurethane that undergo a curing process to form a strong and durable protective layer. This coating increases the life and reliability of the packaging, making them suitable for heavy-duty areas and applications such as automotive, aerospace, electronics and telecommunications.

Global Encapsulation Resins Market Definition

Embedded refers to the integration of computer systems into devices and equipment, enabling them to perform special functions or operate independently. It involves the use of microprocessors or microcontrollers embedded in these devices, providing computing power and intelligence. These embedded systems are designed to efficiently and reliably perform certain tasks, often in real time and space constraints. Power tools, automobiles, machinery, medical equipment, etc. they can be found in many applications. Encapsulation resins plays an important role in improving the electronics, control, connectivity and intelligence of countless modern devices, contributing to the development of the Internet of Things (IoT) and enabling smart and connected devices.

Global Encapsulation Resins Market Overview

Encapsulating resins are often used in sensor devices to protect electronic components and sensing devices. They offer many advantages such as environmental protectionsensors are often exposed to harsh conditions such as temperature changes, humidity, chemicals and stress. The encapsulation resin acts as a protective layer that protects sensitive parts from the outside. Many sensors rely on electrical signals to work. High dielectric strength encapsulating resins act as good electrical insulators, preventing short circuit and signal interference. Encapsulation resins are mainly used to protect electronic products and equipment from physical shock, corrosive gases, chemicals, heat and dust, etc. It is used to protect it from harsh environments such as These resins can be used to package individual products or entire units.

As technology advances, more electric cars are emerging. Electric vehicle (EV) manufacturers are grappling with the effects of heat on battery performance, reliability and durability. Encapsulation resins have many advantages such as heat generation in electric vehicles, good thermal conductivity to dissipate heat, and reducing maintenance and repair costs. According to the Global Electric Vehicle Sales Center, global electric vehicle sales will reach 6.75 million units in 2021, up 108% from 2020. These sales include large vehicles, commercial vehicles and passenger cars. The demand for resins in the automotive industry is increasing due to regulations regarding VOC emissions and environmental awareness. These resins form a protective layer around the battery that helps improve performance and extend battery life. Therefore, the increasing use of electric vehicles increases the demand for encapsulation resins.

Global Encapsulation Resins Market Segmentation Analysis

The Global Encapsulation Resins Market is segmented on the basis of Resin Type, Industry, Application Vertical, and Geography.

Encapsulation Resins Market, By Resin Type

• Epoxy Resins
• Polyurethane Resins
• Silicone resins
• Others

Based on Resin Type, the market is segmented into Epoxy Resins, Polyurethane Resins, Silicone resins and Others. The epoxy resin segment accounted for the largest market share in 2017 and is expected to grow faster over the forecast period. The largest share of the market usually comes from products made from epoxy resins with good electrical and thermal resistance, which are important in the electrical and electronics industry. It also prevents short circuit, hot air and humidity.

 Encapsulation Resins Market, By Industry Vertical

• Automotive
• Consumer Electronics
• Industrial
• Telecommucation
• Others

Based on Industry Vertical, the market is segmented into Automotive, Consumer Electronics, Industrial, Telecommunication, and Others. The electrical and electronic is expected to dominate the market in 2022 during the forecast period. Factors such as increasing energy and electricity demand and growing energy and energy markets in developing countries in North America and Europe. Similarly, the market is expected to grow at a high rate during the forecast period due to the high thermal conductivity of encapsulation resins.

 Encapsulation Resins Market, By Application

• Relays & Coils
• Sensors
• Transformers
• Insulators
• Switchgears
• Capacitors
• Adhesives & Sealants
• others

Based on Application, the market is segmented into Relays & Coils, Sensors, Transformers, Insulators, Switchgears, Capacitors, Adhesives & Sealants and others. Resins with damping power absorb mechanical vibrations, reducing the risk of damage to the sensor and increasing overall accuracy. LongevityResin encapsulates the sensor, helping to prevent oxidation, corrosion and contamination, thus extending the life of the sensor. Increase reliabilityEncapsulating resins increase sensor reliability by shielding the sensor from external interference, providing consistent and accurate measurements over time.

Encapsulation Resins Market, By Geography

•  North America
•  Europe
•  Asia Pacific
•  Middle East and Africa
• Latin America

On the basis of Geography, the Global Encapsulation Resins Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific’s growing demand for consumer electronics and microelectronic devices and the region’s Samsung Group, Sony Corporation, Hon Hai Precision Co. Ltd., Hitachi Ltd., and Honeywell International Inc. North America is expected to remain the largest market for encapsulation products due to the growth of the energy industry as well as the construction and marine industries in the region.

This growth is mainly in electronics, household appliances, printed circuit boards, photonic integrated circuits, sensor components, transformers and cables, etc. This is due to the increasing demand for encapsulation resins in electronic applications such as The importance of electrical and electronic products in the region and the significant growth of the regional economy in recent years have strengthened the economic growth. In addition, the increasing application of encapsulation resins in various electronics and automotive, aerospace and construction industries is increasing the demand for encapsulation resins in Asia Pacific.

Key Players

The “Global Encapsulation Resins Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such Henkel AG KGaA, Hitachi Chemical, Huntsman International, H.B. Fuller Company, ACC Silicones, BASF SE, The Dow Chemical Company, Fuji Chemical Industries, Shin-Etsu Chemical.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Key Developments

•  In October 2021, Huntsman International LLC., New epoxy encapsulation and impregnation products for reliable sealing of electric drives. These devices will play an important role in supporting high energy consumption.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Encapsulation Resins Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Encapsulation Resins Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

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