Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Encapsulation Resin Market by Type (Epoxy Resins, Polyurethane Resins, Silicone Resins, Others), By Application (Electronics & Electricals Components, Automotive Components, Telecommunication Components, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Encapsulation Resin Market by Type (Epoxy Resins, Polyurethane Resins, Silicone Resins, Others), By Application (Electronics & Electricals Components, Automotive Components, Telecommunication Components, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 143880 3300 Chemical & Material 377 248 Pages 4.7 (48)

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.

Global Encapsulation Resin Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. ACC Silicones
  2. BASF
  3. DowDuPont
  4. Shin-Etsu Chemical
  5. Hitachi Chemical
  6. Huntsman Corporation
  7. H. B. Fuller
  8. Master Bond
  9. Fuji Chemical Industrial

Global Encapsulation Resin Market Overview

Highlights of The Encapsulation Resin Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Epoxy Resins
    2. Polyurethane Resins
    3. Silicone Resins
    4. Others
  1. By Application:

    1. Electronics & Electricals Components
    2. Automotive Components
    3. Telecommunication Components
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Encapsulation Resin Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. BASF Overview Financials Developments Strategic Outlook
      14.4.3. DowDuPont Overview Financials Developments Strategic Outlook
      14.4.4. Shin-Etsu Chemical Overview Financials Developments Strategic Outlook
      14.4.5. Hitachi Chemical Overview Financials Developments Strategic Outlook
      14.4.6. Huntsman Corporation Overview Financials Developments Strategic Outlook
      14.4.7. H. B. Fuller Overview Financials Developments Strategic Outlook
      14.4.8. Master Bond Overview Financials Developments Strategic Outlook
      14.4.9. Fuji Chemical Industrial Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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