Liquid Encapsulation Materials Market: Overview
Encapsulation is an advanced packaging process, which is carried out on almost all semiconductor devices that offer low stress, low warpage, and high thermal conductivity. Encapsulation can be of two forms, namely, solid and liquid. Liquid encapsulants have similar compositions to solid encapsulants; however, the resin and hardener are liquid and allow the material to be directly applied onto the chip; they interconnect typically by wire bonding instead of molding. Liquid encapsulation also provides protection to various technologies which are integrated inside a device. Liquid encapsulation is widely utilized in products with discrete sensors, integrated circuits, and optoelectronics. Rising demand for various advanced packaging techniques, and an increase in demand for consumer electronics are key factors driving the liquid encapsulation material market.
Liquid Encapsulation Materials Market: Trends & Demands
Rising trend of miniaturization, where smaller and complex structures of devices can be managed without harming their performance, is a major reason for adopting encapsulation technique for devices. In liquid encapsulation, liquid encapsulant materials are implanted on the device to overcome misconnection of electrical components on devices and to ensure the proper functioning of the device. Increasing demand for liquid encapsulation from sensors devices, wireless technologies, and optoelectronics segment is a major factor driving the global liquid encapsulation materials market. Moreover, countries such as Taiwan, Japan, China, and South Korea are likely to offer significant opportunity to manufacturers of liquid encapsulation materials owing to the expansion of electronics and telecommunication sectors in these countries.
Liquid Encapsulation Materials Market: Segmentations
Based on type, liquid encapsulation materials market can be segmented into epoxy and epoxy-modified resin. Epoxy encapsulating materials have excellent low stress, adhesive, and penetration properties, and are used for the protection and adhesion of semiconductor devices. Epoxy encapsulating materials are utilized for filling, COB potting, hermetic seal, other electrical or mechanical protection, and highly reliable adhesion of semiconductor devices.
In terms of application, the global liquid encapsulation materials market can be classified into the automotive and telecommunication, and electronics. Electronics and semiconductor devices are made of small components that need to be placed properly and accurately over the device; any misconnection or malfunction of these components can hamper the functioning of the device. Threats such as misconnection of electronic components and managing complex structure without affecting the performance of device are handled efficiently with the help of liquid encapsulation materials. The electronics segment is expected to lead the market in the next few years. This demand for liquid encapsulation material is attributed to the extensive applications and high penetration in the electronics sector. Furthermore, growing application of liquid encapsulation in the automotive industry is estimated to boost the liquid encapsulation materials market in the near future.
Liquid Encapsulation Materials Market: Regional Outlook
Based on region, the global liquid encapsulation materials market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific led the global liquid encapsulation market. The liquid encapsulation materials market in the region is estimated to expand at a rapid pace in the next few years. Rise in demand for wireless technology, sensors, and optoelectronics is a key factors fueling the demand for liquid encapsulation materials market in Asia Pacific. Penetration of liquid encapsulation materials is significantly high in North America and Europe. Increased focus on R&D by leading players in the liquid encapsulation materials market is estimated to boost the demand for liquid encapsulation, which in turn is projected to drive the liquid encapsulation materials market in these regions in the near future.
Liquid Encapsulation Materials Market: Key Players
Key players operating in the global liquid encapsulation materials market are Shin-Etsu Chemical Co., Ltd., Panasonic Corporation, Nitto Denko Corporation, and Kyocera Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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