Encapsulants Market Analysis

Market Insights

The Encapsulants Market was estimated at USD 1.26 Billion in 2021 and is likely to grow at a CAGR of 6.36 % from 2022-2028 to reach USD 1.94 Billion in 2028.

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Drivers

The inclination of miniaturization in devices and the growing functionality of electronic devices are the factors that are driving the encapsulants market globally.

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What are Encapsulants?

Encapsulants are liquid coatings that are applied over lead paints for offering an effective and long-lasting barrier. These can be epoxy encapsulants, silicone encapsulants, and urethane encapsulants. Encapsulants make use of room temperature curing, heat cure, and UV cure for the purpose. Consumer electronics, transportation, medical, energy & power, and others are the applications areas where encapsulants are often used.

Key Players

Some of the manufacturers are-

• Engineered Material Systems, Inc.
• The 3M Company
• BASF SE
• Resin Technical Systems
• Sanyu Rec Co., Ltd.
• John C. Dolph Company
• Master Bond Inc.
• Dymax Corporation
• Nagase & Co., Ltd.
• Creative Materials Incorporated
• Aptek Laboratories, Inc.

Segment Analysis

By Chemistry Type

The market is segmented as epoxy encapsulant, silicone encapsulant, and urethane encapsulant. The growth of the silicone segment is attributed to the growing consumer electronics and the high demand for electric vehicles.

By Curing Type

The market is segmented as room temperature cure, heat cure, and UV cure. The room temperature cure segment is estimated to register the highest growth in the coming five years. Easy curability and elevated reliability drive the growth of this segment.

By Region

Asia-Pacific is expected to dominate the encapsulants market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing application of encapsulants in various end-use industries. North America and Europe also offer sizeable growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. 

The market is segmented into the following categories. 

 By Chemistry Type:

• Epoxy Encapsulant 
• Silicone Encapsulant 
• Urethane Encapsulant 

By Curing Type:

• Room Temperature Cure 
• Heat Cure 
• UV Cure 

By End-Use Industry Type:

• Consumer Electronics 
• Transportation 
• Medical 
• Energy & Power 
• Others 

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the curing types by end-use industry type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com