Market Overview:
The global photosensitive insulation material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for organic and inorganic photosensitive insulation materials for various applications, such as redistributive circuit layer and cover layer for WL-CSP or SIP, organic passivation layer of semiconductor devices, and others. In addition, the growing demand from the Asia Pacific region is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period.
Product Definition:
Photosensitive insulation material is a type of thermal insulation that becomes more effective at blocking heat as it is exposed to light. This type of insulation is often used in buildings where energy efficiency is a priority, as it can help reduce the amount of energy needed to maintain a comfortable temperature.
Organic:
Organic is a type of material that contains carbon and hydrogen. Carbon compounds such as coal, petroleum products, and natural gas contain carbon chains and rings. These compounds are used in organic materials due to their high thermal stability. Organic materials are non-toxic, odorless, colorless & tasteless which makes them safe for use around food products & human health.
Inorganic:
Inorganic is a chemical compound of two or more non-metallic elements, which are bonded together. Inorganic compounds are usually found in minerals and rocks. Some common examples of inorganic compounds include sulfur, selenium, phosphorous, and boron nitride. The most important application of inorganic materials is as pigments for the production of white light by way of candles or matches (matches being the most common consumer product).
Application Insights:
The photosensitive insulation material is used in the form of organic passivation layer for semiconductor devices and inorganic protective cover layers for WL-CSP or SIP. The organic passivation layer segment accounted for a major share of the overall revenue as well as market size in 2017 owing to its high demand from various end-use industries such as telecommunication, data storage, consumer electronics and solar industry.
The product usage has increased significantly over the past few years owing to its properties such as low cost, eco-friendly manufacturing process and ease of application which helps reduce energy consumption by up to 50%. It also eliminates heat dissipation through convection currents which further reduces electricity consumption. These factors are likely to drive product demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 owing to rapid industrialization and urbanization, which has led to an increase in energy consumption. The region is projected to maintain its dominance over the forecast period. This can be attributed to growing demand for electricity, coupled with rising population and increasing per capita income levels.
The growth of end-use industries such as building & construction; transportation & storage; consumer electronics; aerospace & defense is expected to drive product demand across Asia Pacific during the forecast period. In addition, favorable government policies promoting investments through tax benefits are anticipated to boost industry expansion over the coming years.
Europe accounted for a significant share of global photosensitive insulation materials market revenue in 2017 due primarily on high penetration rates of these products across major countries such as Germany and U.K.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products: The global Photosensitive Insulation Material market is expected to grow at a CAGR of over 7% during the forecast period owing to the increasing demand for energy-efficient and environment-friendly products.
- Rising awareness about the benefits of using Photosensitive Insulation Material: There is a growing awareness among consumers about the benefits of using Photosensitive Insulation Material, which is expected to drive market growth during the forecast period.
- Growing construction industry in developing countries: The construction industry in developing countries is growing rapidly, which is expected to create opportunities for players operating in the global Photosensitive Insulation Material market.
- Technological advancements: Players in this market are investing heavily in research and development activities to introduce new and innovative products that meet consumer needs effectively. This is likely to boost growth prospects of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photosensitive Insulation Material Market Research Report
By Type
Organic, Inorganic
By Application
Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip, Organic Passivation Layer Of Semiconductor Devices
By Companies
Showa Denko, Toray, Zeon, Asahi-kasei, JSR, Dongjin Semichem, Hitachi Chemical, AGC, Sumitomo Chemical, DuPont
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Photosensitive Insulation Material Market Report Segments:
The global Photosensitive Insulation Material market is segmented on the basis of:
Types
Organic, Inorganic
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
Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip, Organic Passivation Layer Of Semiconductor Devices
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:
- Showa Denko
- Toray
- Zeon
- Asahi-kasei
- JSR
- Dongjin Semichem
- Hitachi Chemical
- AGC
- Sumitomo Chemical
- DuPont
Highlights of The Photosensitive Insulation Material 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:
- Organic
- Inorganic
- By Application:
- Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
- Organic Passivation Layer Of Semiconductor Devices
- 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 Photosensitive Insulation Material 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?
Photosensitive insulation material is a type of insulation that can be damaged by exposure to light. This type of insulation is used in places where light exposure is possible, such as windows and door frames.
Some of the key players operating in the photosensitive insulation material market are Showa Denko, Toray, Zeon, Asahi-kasei, JSR, Dongjin Semichem, Hitachi Chemical, AGC, Sumitomo Chemical, DuPont.
The photosensitive insulation material market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photosensitive Insulation Material 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 Photosensitive Insulation Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photosensitive Insulation Material 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 Photosensitive Insulation Material 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 Photosensitive Insulation Material Market Size & Forecast, 2020-2028
4.5.1 Photosensitive Insulation Material Market Size and Y-o-Y Growth
4.5.2 Photosensitive Insulation Material 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 Organic
5.2.2 Inorganic
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 Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
6.2.2 Organic Passivation Layer Of Semiconductor Devices
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photosensitive Insulation Material 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 Photosensitive Insulation Material 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 Organic
9.6.2 Inorganic
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 Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
9.10.2 Organic Passivation Layer Of Semiconductor Devices
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 Organic
10.6.2 Inorganic
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 Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
10.10.2 Organic Passivation Layer Of Semiconductor Devices
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 Organic
11.6.2 Inorganic
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 Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
11.10.2 Organic Passivation Layer Of Semiconductor Devices
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 Organic
12.6.2 Inorganic
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 Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
12.10.2 Organic Passivation Layer Of Semiconductor Devices
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 Organic
13.6.2 Inorganic
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 Redistributive Circuit Layer and Cover Layer For Wl-Csp Or Sip
13.10.2 Organic Passivation Layer Of Semiconductor Devices
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 Photosensitive Insulation Material Market: Competitive Dashboard
14.2 Global Photosensitive Insulation Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Showa Denko
14.3.2 Toray
14.3.3 Zeon
14.3.4 Asahi-kasei
14.3.5 JSR
14.3.6 Dongjin Semichem
14.3.7 Hitachi Chemical
14.3.8 AGC
14.3.9 Sumitomo Chemical
14.3.10 DuPont
