Encapsulants Market is Segmented by Chemistry Type (Epoxy Encapsulant, Silicone Encapsulant, and Urethane Encapsulant), by Curing Type (Room Temperature Cure, Heat Cure, and UV Cure), by End-Use Industry Type (Consumer Electronics, Transportation, Medical, Energy & Power, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Encapsulants Market is Segmented by Chemistry Type (Epoxy Encapsulant, Silicone Encapsulant, and Urethane Encapsulant), by Curing Type (Room Temperature Cure, Heat Cure, and UV Cure), by End-Use Industry Type (Consumer Electronics, Transportation, Medical, Energy & Power, and Others), and by Reg...
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.
The inclination of miniaturization in devices and the growing functionality of electronic devices are the factors that are driving the encapsulants market globally.
To get more insights about the market, click here.
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.
Encapsulants Market Features
Market Size in 2028
USD 1.26 billion
Market Size in 2021
USD 1.94 billion
Market Growth (2022-2028)
CAGR 6.36 %
Base Year of Study
2021
Trend Period
2017-2020
Forecast Period
2022-2028
Segments Covered
By Chemistry Type (Epoxy Encapsulant, Silicone Encapsulant, and Urethane Encapsulant)
By Curing Type (Room Temperature Cure, Heat Cure, and UV Cure)
By End-Use Industry Type (Consumer Electronics, Transportation, Medical, Energy & Power, and Others)
By Region (North America, Europe, Asia-Pacific, and Rest of the World
Top Companies in 2022
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.
Dominant Region
Asia-Pacific is expected to dominate the market during the assessment period.
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.
To know which region offers the best opportunities, click here.
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 – Features
Market Segmentation
4
Regions Covered
4
Countries/Sub-Regions Covered
15
No. of Figures & Tables
>150
Company Profiles
9
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 [email protected]
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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.
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, and Aptek Laboratories, Inc.
The inclination of miniaturization in devices and the growing functionality of electronics devices are the factors driving the growth of encapsulants market.
