Market Overview:
The global encapsulation resin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for encapsulation resins in electronics & electricals components, automotive components, telecommunication components, and others applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Encapsulation resin is used to form a protective coating or "shell" around electronic components, protecting them from the environment. This resin is also used to create electrical connections between circuit boards and other components.
Epoxy Resins:
Epoxy resins are a group of chemicals that contain an epoxide group. They are used in the formulation of adhesives and coatings, as well as plastics. Epoxy resins have high heat resistance and excellent mechanical strength due to which they are widely used in automotive applications such as chassis, engine parts, brake systems and transmission components among others.
Polyurethane Resins:
Polyurethane resins are polymer compounds that are manufactured from isocyanates and polyols. They have applications in construction, automotive, marine, appliances & electronics industries. Polyurethane (PU) resin is a type of synthetic rubber with high resistance to oil and chemicals; it also has low electrical conductivity.
Application Insights:
The electronics and electrical components segment dominated the global encapsulation resin market in terms of revenue in 2017. The growth can be attributed to increasing demand for electronic devices across the globe. Encapsulation is used extensively in electronic and electrical applications as it helps maintain the quality, performance, and safety of products over a longer period of time.
Automotive components are expected to grow at a CAGR exceeding 7% from 2018 to 2030 owing to rising demand for vehicles with enhanced features such as navigation systems, entertainment systems with touch screen displays that offer easy access to user-defined functions through direct manipulation interfaces. These factors are likely drive product demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest market for global encapsulation resins, accounting for 39.2% of the total revenue in 2017. The region is expected to continue its dominance over the forecast period owing to high product demand from various end-use industries including automotive, consumer electronics and electrical & electronics. China is anticipated to remain a key consumer as well as producer of these products on account of low manufacturing cost coupled with easy availability of labor and raw materials in the country.
Europe accounted for 26% share in 2017 owing to rising demand from several major automobile manufacturers such as BMW, Mercedes Benz among others who are investing heavily in R&D activities related to electric vehicles along with smart charging infrastructure across Europe which will drive growth over next eight years or so till electrically driven vehicles replace conventional internal combustion engine cars completely on account of higher efficiency and lower emissions associated with electric cars compared to gasoline engines cars.
Growth Factors:
- Increasing demand for encapsulation resin from the electronics and electrical industry due to its properties such as thermal stability, chemical resistance, and low shrinkage.
- Rising demand for encapsulation resin in the medical device industry due to its biocompatibility and non-toxicity properties.
- Growing use of encapsulation resin in LED packaging owing to its ability to protect LEDs from environmental factors such as moisture and heat.
- Increasing demand for encapsulation resin from the automotive sector due to its ability to improve product performance and reliability under extreme conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Encapsulation Resin Market Research Report
By Type
Epoxy Resins, Polyurethane Resins, Silicone Resins, Others
By Application
Electronics & Electricals Components, Automotive Components, Telecommunication Components, Others
By Companies
ACC Silicones, BASF, DowDuPont, Shin-Etsu Chemical, Hitachi Chemical, Huntsman Corporation, H. B. Fuller, Master Bond, Fuji Chemical Industrial
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Encapsulation Resin Market Report Segments:
The global Encapsulation Resin market is segmented on the basis of:
Types
Epoxy Resins, Polyurethane Resins, Silicone Resins, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronics & Electricals Components, Automotive Components, Telecommunication Components, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ACC Silicones
- BASF
- DowDuPont
- Shin-Etsu Chemical
- Hitachi Chemical
- Huntsman Corporation
- H. B. Fuller
- Master Bond
- Fuji Chemical Industrial
Highlights of The Encapsulation Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy Resins
- Polyurethane Resins
- Silicone Resins
- Others
- By Application:
- Electronics & Electricals Components
- Automotive Components
- Telecommunication Components
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Encapsulation Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Encapsulation resin is a type of plastic that is used to protect objects from moisture and other environmental factors. It can be used in products such as food packaging, toys, and medical devices.
Some of the major companies in the encapsulation resin market are ACC Silicones, BASF, DowDuPont, Shin-Etsu Chemical, Hitachi Chemical, Huntsman Corporation, H. B. Fuller, Master Bond, Fuji Chemical Industrial.
The encapsulation resin market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Encapsulation Resin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Encapsulation Resin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Encapsulation Resin Market - Supply Chain
4.5. Global Encapsulation Resin Market Forecast
4.5.1. Encapsulation Resin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Encapsulation Resin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Encapsulation Resin Market Absolute $ Opportunity
5. Global Encapsulation Resin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Encapsulation Resin Market Size and Volume Forecast by Type
5.3.1. Epoxy Resins
5.3.2. Polyurethane Resins
5.3.3. Silicone Resins
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Encapsulation Resin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Encapsulation Resin Market Size and Volume Forecast by Application
6.3.1. Electronics & Electricals Components
6.3.2. Automotive Components
6.3.3. Telecommunication Components
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Encapsulation Resin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Encapsulation Resin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Encapsulation Resin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Encapsulation Resin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Encapsulation Resin Demand Share Forecast, 2019-2026
9. North America Encapsulation Resin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Encapsulation Resin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Encapsulation Resin Market Size and Volume Forecast by Application
9.4.1. Electronics & Electricals Components
9.4.2. Automotive Components
9.4.3. Telecommunication Components
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Encapsulation Resin Market Size and Volume Forecast by Type
9.7.1. Epoxy Resins
9.7.2. Polyurethane Resins
9.7.3. Silicone Resins
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Encapsulation Resin Demand Share Forecast, 2019-2026
10. Latin America Encapsulation Resin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Encapsulation Resin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Encapsulation Resin Market Size and Volume Forecast by Application
10.4.1. Electronics & Electricals Components
10.4.2. Automotive Components
10.4.3. Telecommunication Components
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Encapsulation Resin Market Size and Volume Forecast by Type
10.7.1. Epoxy Resins
10.7.2. Polyurethane Resins
10.7.3. Silicone Resins
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Encapsulation Resin Demand Share Forecast, 2019-2026
11. Europe Encapsulation Resin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Encapsulation Resin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Encapsulation Resin Market Size and Volume Forecast by Application
11.4.1. Electronics & Electricals Components
11.4.2. Automotive Components
11.4.3. Telecommunication Components
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Encapsulation Resin Market Size and Volume Forecast by Type
11.7.1. Epoxy Resins
11.7.2. Polyurethane Resins
11.7.3. Silicone Resins
11.7.4. Othes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Encapsulation Resin Demand Share, 2019-2026
12. Asia Pacific Encapsulation Resin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Encapsulation Resin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Encapsulation Resin Market Size and Volume Forecast by Application
12.4.1. Electronics & Electricals Components
12.4.2. Automotive Components
12.4.3. Telecommunication Components
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Encapsulation Resin Market Size and Volume Forecast by Type
12.7.1. Epoxy Resins
12.7.2. Polyurethane Resins
12.7.3. Silicone Resins
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Encapsulation Resin Demand Share, 2019-2026
13. Middle East & Africa Encapsulation Resin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Encapsulation Resin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Encapsulation Resin Market Size and Volume Forecast by Application
13.4.1. Electronics & Electricals Components
13.4.2. Automotive Components
13.4.3. Telecommunication Components
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Encapsulation Resin Market Size and Volume Forecast by Type
13.7.1. Epoxy Resins
13.7.2. Polyurethane Resins
13.7.3. Silicone Resins
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Encapsulation Resin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Encapsulation Resin Market: Market Share Analysis
14.2. Encapsulation Resin Distributors and Customers
14.3. Encapsulation Resin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ACC Silicones
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DowDuPont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shin-Etsu Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hitachi Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Huntsman Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. H. B. Fuller
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Master Bond
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fuji Chemical Industrial
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
