Encapsulants Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: CMR 27093 Report Format: PDF + Excel (Delivery in 48 Hrs)
Overview
Encapsulants Market size is forecast to reach $1.91 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. The rising in the functionality of electronics devices and the trend of miniaturization in devices are the major reasons for the growing importance of encapsulants in the semiconductor and electronics industry. Encapsulants play a major role by maintaining the accuracy in the arrangement by creating a layer on the structure of the device and ensuring that all components are in place. Encapsulant is considered to be the better alternative in manufacturing processes used through automated dispensing equipment.

Key Takeaways
  • Asia-Pacific dominates the Encapsulants Market. Growth of the manufacturing sector and availability of cheap labor are key factors to drive the growth of encapsulants market in the Asia Pacific region.
  • The rapid growth of solar photovoltaic panel market provides an opportunity for encapsulants market.
  • Fluctuation in crude oil prices could act as a major restraint for the encapsulants market.
  • The presence of large no. of companies in electronics sector and growing demand of consumer electronics products further strengthen the market for encapsulants agents.

By Types - Segment Analysis
The room temperature cure segment held the largest share in the Encapsulants Market in 2019. Room temperature curing systems offer easy processing and high reliability. These one and two component systems are used in bonding, sealing, coating and potting/encapsulation applications. It has low stress & excellent electrical properties. Addition cured system do not require exposure to air for cross-linking. No by-products are released during cure. They can cure in closed environments. 

By Chemistry Types - Segment Analysis
The Silicone segment held the largest share in the Encapsulants Market in 2019. Demand for electronic devices as well as commercialization of electric vehicles is driving the silicone segment in encapsulants market. Silicone is commonly a softer and less-dense material. Early silicone-packaged devices encountered failures due to weaker mechanical and environmental protection, for example, against moisture. Adhesion is also weak causing air gaps between LED chips and encapsulants, which lead light extraction to be reduced. Recent progress in material properties has promoted usage of silicone; die bonding also prefers to use silicone resin rather than the conventional epoxy. Epoxy segment held the second largest share in the Encapsulants market. It is the semi-conductor encapsulants which is used in most products where semi-conductors are applied, such as general home appliances including mobile phones, refrigerators and TVs, industrial devices and vehicles. With the development of IT technology and the development of electronic products based on modern technologies, the global semi-conductor market is expanding and the Epoxy Encapsulants demand is increasing.

By End User - Segment Analysis
Consumer electronics has been the primary market for encapsulants and is expected to register a growth of 6.1% during the forecast period of 2020-2025. The rapidly growing semiconductor & electronics industry and the increasing demand for smart electronic gadgets are the major factors fueling the demand for encapsulants in this industry. The trend of miniaturization and increasing multi-functionality of electronic devices have increased the number of components and risks associated with short-circuiting. These have necessitated the use of encapsulants in electronic devices. China, Japan and South Korea are the main manufacturers of Consumer Electronics Products. But due to the recent trade war between US and China, India emerges as the substitute were the MNCs shifted their production plants due to the cheap labor and skilled scientist and engineers. Another most important factor is that the India has the second largest consumer base for the consumption of these Consumer Electronics.

Geography - Segment Analysis
Asia-Pacific (APAC) dominated the Encapsulants Market with the share of 39.4% in 2019 followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in Consumer Electronics and transportation industries. China was the leading regional market, accounting for 45% of total Asia-Pacific market. India is the second major market after china. The availability of skilled labor at lower wages in this region also attracts manufacturers. 

Drivers – Encapsulants Market

  • Upsurge in the consumer electronics market
The demand for televisions, smartphones, and wearable devices are increasing. In addition, rising disposable income, coupled with increasing adoption of smart devices by individuals are other factors fueling growth of the target market. Technology proliferation, development of semiconductor industry, cheap Encapsulants materials are major advantages. Rapid development and technological advancements in gaming industry is also expected to propel growth of the global Encapsulants market over the forecast period.

  • Advancements in the sensors market
Sensors are the primary market for the Encapsulants. The demand of the sensor is rising due to its wide range of applications in flood & water level monitoring systems, environmental monitoring, traffic monitoring & controlling, energy saving in artificial lighting, remote system monitoring & equipment fault diagnostics, and precision agriculture & animal tracking. Asia-pacific and North America are the major market for it.

Challenges- Encapsulants Market

  • Fluctuation in crude oil prices
Volatility in raw material prices could restrain the global encapsulants market. Raw materials required for the manufacturing of encapsulants are derived from petroleum-based resins. Therefore, fluctuation in crude oil prices could act as a major restraint for the encapsulants market. In the global scenario, OPEC counties and Russia are fluctuating the price of crude oil. And recent US sanctions on Iran is a major factor that will increase per barrel of crude oil price. These are the restraints which will affect the global Encapsulants Market near future.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Metal Cleaning Chemical market. In 2019, the market of Metal Cleaning Chemical has been consolidated by the top five players accounting for xx% of the share. Major players in Encapsulants Market are ACC Silicone, BASF SE, Creative Materials Incorporated, DOW Corning Corporation, Dymax Corporation.

Acquisitions/Technology Launches/ Product Launches
  • In 24 August 2017, The ICM Silicones Group of companies, of which ACC Silicones Europe is a part, has announced that it has been acquired by the German Chemical Group CH.
  • In 27 October 2017, Creative materials Incorporated has launched the Conductive Ink named 127-28, 127-29, for the Silicone Hardcoat Substance. With 127-38 and 127-39, the user is able to print functional and decorative features on windows, instrument cluster covers, and other displays where a non- stick hardcoat surface is required.

1. Encapsulants Market - Overview
        1.1 Definitions and Scope
2. Encapsulants Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Encapsulants Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Encapsulants Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Encapsulants Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Encapsulants Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Encapsulants Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Encapsulants Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Encapsulants Market - By Curing Type (Market Size -$Million / $Billion)
        9.1 Room Temperature Cure
        9.2 Heat Cure
        9.3 UV Cure
10. Encapsulants Market - By Chemistry (Market Size -$Million / $Billion)
        10.1 Introduction
        10.2 Epoxy Encapsulant
        10.3 Silicone Encapsulant
        10.4 Urethane Encapsulant
11. Encapsulants Market By End-Use Industry (Market Size -$Million / $Billion)
        11.1 Consumer Electronics
        11.2 Transportation
        11.3 Medical
        11.4 Energy & Power
        11.5 Others
12. Encapsulants - By Application (Market Size -$Million / $Billion)
        12.1 Segment type Size and Market Share Analysis
        12.2 Application Revenue and Trends by type of Application
        12.3 Application Segment Analysis by Type
13. Encapsulants- By Geography (Market Size -$Million / $Billion)
        13.1 Encapsulants Market - North America Segment Research
        13.2 North America Market Research (Million / $Billion)
            13.2.1 Segment type Size and Market Size Analysis
            13.2.2 Revenue and Trends
            13.2.3 Application Revenue and Trends by type of Application
            13.2.4 Company Revenue and Product Analysis
            13.2.5 North America Product type and Application Market Size
                  13.2.5.1 U.S
                  13.2.5.2 Canada
                  13.2.5.3 Mexico
                  13.2.5.4 Rest of North America
        13.3 Encapsulants- South America Segment Research
        13.4 South America Market Research (Market Size -$Million / $Billion)
            13.4.1 Segment type Size and Market Size Analysis
            13.4.2 Revenue and Trends
            13.4.3 Application Revenue and Trends by type of Application
            13.4.4 Company Revenue and Product Analysis
            13.4.5 South America Product type and Application Market Size
                  13.4.5.1 Brazil
                  13.4.5.2 Venezuela
                  13.4.5.3 Argentina
                  13.4.5.4 Ecuador
                  13.4.5.5 Peru
                  13.4.5.6 Colombia
                  13.4.5.7 Costa Rica
                  13.4.5.8 Rest of South America
        13.5 Encapsulants- Europe Segment Research
        13.6 Europe Market Research (Market Size -$Million / $Billion)
            13.6.1 Segment type Size and Market Size Analysis
            13.6.2 Revenue and Trends
            13.6.3 Application Revenue and Trends by type of Application
            13.6.4 Company Revenue and Product Analysis
            13.6.5 Europe Segment Product type and Application Market Size
                  13.6.5.1 U.K
                  13.6.5.2 Germany
                  13.6.5.3 Italy
                  13.6.5.4 France
                  13.6.5.5 Netherlands
                  13.6.5.6 Belgium
                  13.6.5.7 Denmark
                  13.6.5.8 Spain
                  13.6.5.9 Rest of Europe
        13.7 Encapsulants - APAC Segment Research
        13.8 APAC Market Research (Market Size -$Million / $Billion)
            13.8.1 Segment type Size and Market Size Analysis
            13.8.2 Revenue and Trends
            13.8.3 Application Revenue and Trends by type of Application
            13.8.4 Company Revenue and Product Analysis
            13.8.5 APAC Segment - Product type and Application Market Size
                  13.8.5.1 China
                  13.8.5.2 Australia
                  13.8.5.3 Japan
                  13.8.5.4 South Korea
                  13.8.5.5 India
                  13.8.5.6 Taiwan
                  13.8.5.7 Malaysia
                  13.8.5.8 Hong kong
                  13.8.5.9 Rest of APAC
        13.9 Encapsulants - Middle East Segment and Africa Segment Research
        13.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            13.10.1 Segment type Size and Market Size Analysis
            13.10.2 Revenue and Trend Analysis
            13.10.3 Application Revenue and Trends by type of Application
            13.10.4 Company Revenue and Product Analysis
            13.10.5 Middle East Segment Product type and Application Market Size
                  13.10.5.1 Israel
                  13.10.5.2 Saudi Arabia
                  13.10.5.3 UAE
            13.10.6 Africa Segment Analysis
                  13.10.6.1 South Africa
                  13.10.6.2 Rest of Middle East & Africa
14. Encapsulants Market - Entropy
        14.1 New product launches
        14.2 M&A s, collaborations, JVs and partnerships
15. Encapsulants Market - Industry / Segment Competition landscape Premium
        15.1 Market Share Analysis
            15.1.1 Market Share by Country- Top companies
            15.1.2 Market Share by Region- Top 10 companies
            15.1.3 Market Share by type of Application - Top 10 companies
            15.1.4 Market Share by type of Product / Product category- Top 10 companies
            15.1.5 Market Share at global level - Top 10 companies
            15.1.6 Best Practises for companies
16. Encapsulants Market - Key Company List by Country Premium
17. Encapsulants Market Company Analysis
        17.1 Market Share, Company Revenue, Products, M&A, Developments
        17.2 ACC Silicones
        17.3 BASF SE
        17.4 Creative Materials Incorporated
        17.5 DOW Corning Corporation
        17.6 Dymax Corporation
        17.7 Electrolube
        17.8 Epic Resins
        17.9 Gs Polymers
        17.10 H.B. Fuller
        17.11 Henkel AG & Co. KGaA
        17.12 John C. Dolph
        17.13 Kyocera Corporation
        17.14 Lord Corporation
        17.15 Master Bond Inc.
        17.16 Panasonic Corporation
        17.17 Resin Technical Systems
        17.18 The 3M Company
        17.19 Company 18
        17.20 Company 19 & More
*Financials would be provided on a best efforts basis for private companies
18. Encapsulants Market - Appendix
        18.1 Abbreviations
        18.2 Sources
19. Encapsulants Market - Methodology
        19.1 Research Methodology
            19.1.1 Company Expert Interviews
            19.1.2 Industry Databases
            19.1.3 Associations
            19.1.4 Company News
            19.1.5 Company Annual Reports
            19.1.6 Application Trends
            19.1.7 New Products and Product database
            19.1.8 Company Transcripts
            19.1.9 R&D Trends
            19.1.10 Key Opinion Leaders Interviews
            19.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Encapsulants Market By Curing Type Market 2019-2024 ($M)
1.1 Room Temperature Cure Market 2019-2024 ($M) - Global Industry Research
1.2 Heat Cure Market 2019-2024 ($M) - Global Industry Research
1.3 UV Cure Market 2019-2024 ($M) - Global Industry Research
2.Global Encapsulants Market By End-Use Industry Market 2019-2024 ($M)
2.1 Consumer Electronics Market 2019-2024 ($M) - Global Industry Research
2.2 Transportation Market 2019-2024 ($M) - Global Industry Research
2.3 Medical Market 2019-2024 ($M) - Global Industry Research
2.4 Energy & Power Market 2019-2024 ($M) - Global Industry Research
3.Global Encapsulants Market By Curing Type Market 2019-2024 (Volume/Units)
3.1 Room Temperature Cure Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Heat Cure Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 UV Cure Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Encapsulants Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Consumer Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Medical Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Energy & Power Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Encapsulants Market By Curing Type Market 2019-2024 ($M)
5.1 Room Temperature Cure Market 2019-2024 ($M) - Regional Industry Research
5.2 Heat Cure Market 2019-2024 ($M) - Regional Industry Research
5.3 UV Cure Market 2019-2024 ($M) - Regional Industry Research
6.North America Encapsulants Market By End-Use Industry Market 2019-2024 ($M)
6.1 Consumer Electronics Market 2019-2024 ($M) - Regional Industry Research
6.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.3 Medical Market 2019-2024 ($M) - Regional Industry Research
6.4 Energy & Power Market 2019-2024 ($M) - Regional Industry Research
7.South America Encapsulants Market By Curing Type Market 2019-2024 ($M)
7.1 Room Temperature Cure Market 2019-2024 ($M) - Regional Industry Research
7.2 Heat Cure Market 2019-2024 ($M) - Regional Industry Research
7.3 UV Cure Market 2019-2024 ($M) - Regional Industry Research
8.South America Encapsulants Market By End-Use Industry Market 2019-2024 ($M)
8.1 Consumer Electronics Market 2019-2024 ($M) - Regional Industry Research
8.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
8.3 Medical Market 2019-2024 ($M) - Regional Industry Research
8.4 Energy & Power Market 2019-2024 ($M) - Regional Industry Research
9.Europe Encapsulants Market By Curing Type Market 2019-2024 ($M)
9.1 Room Temperature Cure Market 2019-2024 ($M) - Regional Industry Research
9.2 Heat Cure Market 2019-2024 ($M) - Regional Industry Research
9.3 UV Cure Market 2019-2024 ($M) - Regional Industry Research
10.Europe Encapsulants Market By End-Use Industry Market 2019-2024 ($M)
10.1 Consumer Electronics Market 2019-2024 ($M) - Regional Industry Research
10.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
10.3 Medical Market 2019-2024 ($M) - Regional Industry Research
10.4 Energy & Power Market 2019-2024 ($M) - Regional Industry Research
11.APAC Encapsulants Market By Curing Type Market 2019-2024 ($M)
11.1 Room Temperature Cure Market 2019-2024 ($M) - Regional Industry Research
11.2 Heat Cure Market 2019-2024 ($M) - Regional Industry Research
11.3 UV Cure Market 2019-2024 ($M) - Regional Industry Research
12.APAC Encapsulants Market By End-Use Industry Market 2019-2024 ($M)
12.1 Consumer Electronics Market 2019-2024 ($M) - Regional Industry Research
12.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
12.3 Medical Market 2019-2024 ($M) - Regional Industry Research
12.4 Energy & Power Market 2019-2024 ($M) - Regional Industry Research
13.MENA Encapsulants Market By Curing Type Market 2019-2024 ($M)
13.1 Room Temperature Cure Market 2019-2024 ($M) - Regional Industry Research
13.2 Heat Cure Market 2019-2024 ($M) - Regional Industry Research
13.3 UV Cure Market 2019-2024 ($M) - Regional Industry Research
14.MENA Encapsulants Market By End-Use Industry Market 2019-2024 ($M)
14.1 Consumer Electronics Market 2019-2024 ($M) - Regional Industry Research
14.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
14.3 Medical Market 2019-2024 ($M) - Regional Industry Research
14.4 Energy & Power Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Encapsulants Market Revenue, 2019-2024 ($M)
2.Canada Encapsulants Market Revenue, 2019-2024 ($M)
3.Mexico Encapsulants Market Revenue, 2019-2024 ($M)
4.Brazil Encapsulants Market Revenue, 2019-2024 ($M)
5.Argentina Encapsulants Market Revenue, 2019-2024 ($M)
6.Peru Encapsulants Market Revenue, 2019-2024 ($M)
7.Colombia Encapsulants Market Revenue, 2019-2024 ($M)
8.Chile Encapsulants Market Revenue, 2019-2024 ($M)
9.Rest of South America Encapsulants Market Revenue, 2019-2024 ($M)
10.UK Encapsulants Market Revenue, 2019-2024 ($M)
11.Germany Encapsulants Market Revenue, 2019-2024 ($M)
12.France Encapsulants Market Revenue, 2019-2024 ($M)
13.Italy Encapsulants Market Revenue, 2019-2024 ($M)
14.Spain Encapsulants Market Revenue, 2019-2024 ($M)
15.Rest of Europe Encapsulants Market Revenue, 2019-2024 ($M)
16.China Encapsulants Market Revenue, 2019-2024 ($M)
17.India Encapsulants Market Revenue, 2019-2024 ($M)
18.Japan Encapsulants Market Revenue, 2019-2024 ($M)
19.South Korea Encapsulants Market Revenue, 2019-2024 ($M)
20.South Africa Encapsulants Market Revenue, 2019-2024 ($M)
21.North America Encapsulants By Application
22.South America Encapsulants By Application
23.Europe Encapsulants By Application
24.APAC Encapsulants By Application
25.MENA Encapsulants By Application
26.Lord Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.DOW Corning Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.H.B. Fuller, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Henkel AG & Co. KGaA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Kyocera Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Epic Resins, Sales /Revenue, 2015-2018 ($Mn/$Bn)