Market Overview:
The global LED encapsulant market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the LED encapsulant market can be attributed to the increasing demand for energy-efficient lighting solutions and rising demand for LEDs in display applications. In terms of type, the epoxy segment is expected to lead the global LED encapsulant market during the forecast period. This can be attributed to its properties such as high thermal conductivity, low shrinkage, and good chemical resistance. In terms of application, the LED lightning segment is expected to lead the global LED encapsulant market during the forecast period.
Product Definition:
LED Encapsulant is a material that is used to coat or enclose an LED. The encapsulant helps protect the LED from physical and environmental damage, while also optimizing its light output.
Epoxy:
Epoxy resins are thermosetting polymers containing an epoxide group. They are often used as a coating material in LED encapsulant owing to their superior electrical insulation and mechanical properties. Epoxies are widely used in the electronics industry for various applications such as integrated circuits (IC), microelectronic devices, circuit boards, and other electronic products.
Silicone:
Silicone is a widely used material in the electronics industry. It is an amorphous solid at room temperature and has no distinct shape. Silicone can be made into various shapes by processing, for example, it can be extruded as films or tubes or coiled into fibers. The most common forms of silicone include sheets, microspheres (also known as silica), powders and resins (including liquid silicone).
Application Insights:
Based on application, the market has been segmented into LED lighting, LED display and others. The other applications include electronic devices and solar cells. The LED lighting segment dominated the overall industry in terms of revenue in 2017 owing to its high demand from various end-use industries such as automotive, construction and transportation.
The growth of this end-use industry is attributed to increasing product adoption for manufacturing vehicles that are equipped with LEDs as a substitute for traditional halogen or incandescent lamps. Furthermore, growing preference for energy-efficient products coupled with government initiatives aimed at reducing carbon emissions will boost product demand over the forecast period.
The growth of the display segment can be attributed to increasing use in digital signage applications across several verticals including hospitality, retail and corporate where large screen displays are used frequently.
Regional Analysis:
The demand for led encapsulant in the Asia Pacific region is expected to grow at a significant rate over the forecast period owing to rapid industrialization and increasing foreign investments. The growing manufacturing sector, especially in China, India, Japan and South Korea is anticipated to drive product demand over the coming years.
Asia Pacific was followed by Europe which accounted for more than 30% of global LED Encapsulant market share in 2017. The growth can be attributed primarily to developed economies such as Germany and U.K., where high adoption of lighting infrastructure has driven industry expansion over the past few years.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Growing awareness about the benefits of LED lighting
- Rising demand from the automotive sector
- Proliferation of LED-based displays and signage
- Technological advancements in LED encapsulant materials
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Encapsulant Market Research Report
By Type
Epoxy, Silicone
By Application
LED Lightning, LED Display, Other
By Companies
Dupont, Shin-Etsu, Wacker, Henkel, Darbond, Niche-Tech, Eternal, PICOMAX, Avantor, Epic Resins, Daicel Corporation, Sanyu Rec, Inabata, Nagase (Inkron)
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global LED Encapsulant Market Report Segments:
The global LED Encapsulant market is segmented on the basis of:
Types
Epoxy, Silicone
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
LED Lightning, LED Display, Other
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:
- Dupont
- Shin-Etsu
- Wacker
- Henkel
- Darbond
- Niche-Tech
- Eternal
- PICOMAX
- Avantor
- Epic Resins
- Daicel Corporation
- Sanyu Rec
- Inabata
- Nagase (Inkron)
Highlights of The LED Encapsulant 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
- Silicone
- By Application:
- LED Lightning
- LED Display
- Other
- 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 LED Encapsulant 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?
LED encapsulant is a material that helps protect LEDs from moisture and other environmental factors. It can also help improve the appearance of LEDs.
Some of the major companies in the led encapsulant market are Dupont, Shin-Etsu, Wacker, Henkel, Darbond, Niche-Tech, Eternal, PICOMAX, Avantor, Epic Resins, Daicel Corporation, Sanyu Rec, Inabata, Nagase (Inkron).
The led encapsulant market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Encapsulant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Encapsulant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Encapsulant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Encapsulant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Encapsulant Market Size & Forecast, 2020-2028
4.5.1 LED Encapsulant Market Size and Y-o-Y Growth
4.5.2 LED Encapsulant Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Epoxy
5.2.2 Silicone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 LED Lightning
6.2.2 LED Display
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Encapsulant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Encapsulant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Epoxy
9.6.2 Silicone
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 LED Lightning
9.10.2 LED Display
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Epoxy
10.6.2 Silicone
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 LED Lightning
10.10.2 LED Display
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Epoxy
11.6.2 Silicone
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 LED Lightning
11.10.2 LED Display
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Epoxy
12.6.2 Silicone
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 LED Lightning
12.10.2 LED Display
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Epoxy
13.6.2 Silicone
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 LED Lightning
13.10.2 LED Display
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Encapsulant Market: Competitive Dashboard
14.2 Global LED Encapsulant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dupont
14.3.2 Shin-Etsu
14.3.3 Wacker
14.3.4 Henkel
14.3.5 Darbond
14.3.6 Niche-Tech
14.3.7 Eternal
14.3.8 PICOMAX
14.3.9 Avantor
14.3.10 Epic Resins
14.3.11 Daicel Corporation
14.3.12 Sanyu Rec
14.3.13 Inabata
14.3.14 Nagase (Inkron)
