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Published Date: 2017-12-27Number of Pages: 170

Encapsulation Resins Market (Product Type - Epoxy Resins, Polyurethane Resins, Silicone Resins and Others Resins; End Use Industries - Electronics & Electricals Components, Automotive Components, Telecommunication Components, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026

As the need for mechanical protection of insulated printed circuit boards continue to increase, manufacturers are looking for lucrative options for encapsulating electronic products. Significant environmental challenges including general contamination, vibration, moisture and physical or thermal shock can disrupt the functioning of the electronic components and the printed circuit boards. Growing need for protecting the printed circuit boards has led to surge in demand for the encapsulation resins globally. Application of resins encapsulates the entire device, which forms a complete barrier from extreme environment conditions in order to offer superior performance.

According to Transparency Market Research, the global market of encapsulation resins is expected to represent a value of over US$ 3,700 Mn by the end of 2026.

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Electronic Industry to Impact Global Market Growth

With rapid expansion in the electronic industry, demand for the printed circuit boards in range of industrial, domestic, military and automotive products continues to increase. Growing need to ensure the dependability of critical devices has led the manufacturers to opt for the enhanced protective solutions such as encapsulation resins. Moreover, increasing number of potential requirements within the LED electronic products will further continue to rev up demand for the encapsulation resins in the electronic industry.

Application in Marine Products to Boost Sales

Growing need to protect the marine products from exposure to salt water is expected to boost sales of encapsulation resin products. Production of electronic devices for application in marine environment has led the manufacturers to focus on opting for innovative protection solutions such as epoxy resins. Manufacturers of the electronic devices for marine environment prefer using epoxy resins in order to protect the LED lights on the ship decks, under-water cable jointing and protection of sensor devices. These factors are expected to contribute towards the global market growth of encapsulation resins significantly during the forecast period.

Potting Compounds to Underscore Lucrative Growth Opportunities

As the need to protect the sensitive electronic components of products increases, manufacturers are focusing on implementing potting resins. Attributed to dielectric properties, thermal conductivity, mechanical strength, hardness, chemical resistance and shock resistance, preference for potting compounds will continue to remain high while manufacturing electronic products. Increasing production of electronic devices among the original equipment manufacturers is further expected to impact the global market growth of encapsulation resins positively.

Research and Development to Fuel Demand

Demand for the encapsulation resins is also expected to remain high attributed to surge in the research and development activities undertaken by the leading organizations and companies globally. Growing advancements in development of sensors for medical and research purposes has escalated demand for encapsulation resins. In order to offer enhanced and uninterrupted connectivity in the electronic products, manufacturers are focusing on developing innovative solutions such as smart passive sensors. Surge in demand for sensor products that offers prolonged services has led manufacturers of the electronic products to implement protective solutions such as encapsulating electronic components in resins. Moreover, as sensor devices translate the environmental and physical characteristics into electrical signal, demand for resins is expected to remain high.

Electronics & Electrical Components to Represent a Leading Segment

As the need to protect various electronic products against corrosion in the industrial environment arises, demand for epoxy resins is expected to remain high globally. On the basis of product type, the epoxy resins segment is expected to witness significant revenue growth, recording for a value of over US$ 1,000 Mn by the end of 2026. In contrary, the other resins product type segment is expected to register a robust CAGR during the forecast period.

Based on end use industries, the electronics & electrical components segment is expected to represent the highest revenue growth, accounting for a value of over US$ 900 Mn by the end of 2017. On the contrary, the others end use industries segment is expected to register a significant CAGR throughout the forecast period.

Competition Tracking

Leading market players operating in the global market of encapsulation resins include Shin-Etsu Chemical Co. Ltd., Fuji Chemical Industrial Co., Ltd., Master Bond Inc., H. B. Fuller Company, Huntsman Corporation, Hitachi Chemical, Henkel ag & co. kgaa, Dow Chemical Company and ACC Silicones Ltd., BASF.

Global Encapsulation Resins Market- Overview

Resins are being used on a large scale to protect and insulate electronic components and Printed Circuit Boards (PCBs) from harsh and challenging environments including vibration, moisture, physical shock, and contamination. Encapsulation of device can help resins to form a complete barrier against such harsh environment and extreme conditions.

The electronics industry is rapidly growing with increasing use of PCBs in various industrial, domestic, military, and automotive devices. Hence, it has become essential to protect these devices to avoid any performance issue of failure. With increasing use of wearable devices, these devices are potentially exposed to various elements including water or chemicals. Therefore, the manufacturers of these devices are ensuring protection in form of encapsulation resins to offer better performance when used by the end-user. Encapsulation technique is finding major application in devices is due to the growing trend of miniaturization, and to overcome the issue of misconnection of electronic components.  

Global Encapsulation Resins Market- Research Methodology

The global encapsulation resins market report provides estimated market size on the basis of top-down and bottom-up approach. The report offers a forecast on global revenue, segments and various key regions. The report talks about market dynamics including market drivers, key trends, opportunities in the market, and risk factors associated with the market. Primary and secondary research has been done in order to identify major market factors and opportunities in the global encapsulation market. Primary research includes interviews with industry experts, manufacturers, suppliers, service providers, and stakeholders. Answers provided were also verified with the available data sources. Moreover, information obtained from secondary resources including investor presentation, annual reports are also provided in the report.

The report comprises SWOT analysis, Porter’s five force analysis for better understanding of the market. Market attractiveness analysis is also done to identify growth opportunities in the market. Absolute dollar opportunity is also given in the report as it is one of the vital factors to know opportunities for manufacturers in the market. The report also offers an in-depth overview of the technology, product specification, and production analysis including cost, revenue, etc.

The report also focuses on growth, regulations, and research and development in the encapsulation resins market in various regions. The research also covers current market size and various key companies operating in the market. The report provides profiles of the companies including financial overview, product portfolio, company overview, market share, and new product launch. It also offers detail on long-term strategies and short-term strategies by the companies to compete in the global encapsulation resins market.

Global Encapsulation Resins Market- Market Segmentation

The global encapsulation resins market is segmented into product type, end use industries, and region. On the basis of product type, the market segmentation includes epoxy resins, polyurethane resins, silicone resins, and others resins.

By the end use industries, the market is segmented into electronics & electricals components, automotive components, telecommunication components, and others.

Region-wise, the global encapsulation resins market segmentation includes Asia Pacific Excluding Japan (APEJ), North America, Latin America, Japan, Europe, and the Middle East and Africa (MEA).

Competitive Landscape

The report provides profiles of the key companies, their specifications, overall revenue, market share, size, product portfolio, new developments. The companies currently operating in the market are ACC Silicones Ltd., BASF, Dow Chemical Company, Henkel ag & co. kgaa, Hitachi Chemical, Huntsman Corporation, H. B. Fuller Company, Master Bond Inc., Fuji Chemical Industrial Co., Ltd., and Shin-Etsu Chemical Co. Ltd. 


 
 
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