Shin-Etsu Chemical Co. Ltd., Fuji Chemical Industrial Co., Ltd., Master Bond Inc., Henkel ag & co. kgaa, Huntsman Corporation, H. B. Fuller Company, Dow Chemical Company, Hitachi Chemical, BASF, and ACC Silicones Ltd. are some of the key players in the global encapsulation resins market. According to a recent report published by Transparency Market Research (TMR), the global market for encapsulation resins is prognosticated to witness a rather sluggish growth, with a below average CAGR of 3.2% within the forecast period from 2017 to 2026. The global encapsulation resins market is expected reach a valuation of around US$ 3,757.6 mn, by the end of 2026.
On the basis of product type, the global encapsulation resin market is segmented into epoxy resins, polyurethane resins, silicone resins, and so on. Out of these, the epoxy resin segment is foreseen to experience maximum growth within the forecast period. Epoxy resins present good electrical properties that is important for electronics sector. Moreover, the epoxy encapsulation resins give a great protection against extreme temperatures, dust, short circuit, and moisture. As per the geography, Asia Pacific region is likely to sustain its leading position in the global encapsulation resins market during 2017 to 2026. The major factors contributing in the progress of the region are the rising demand for miniaturization of electronic products, consumer electronic products, and the presence of well-established players in electronic industry.
Development in Consumer Electronics to Fuel Demand for Encapsulation Resins
The global encapsulation resins market is driven by the expansion in consumer electronics, aerospace, and industrial sectors. In addition, the growing energy and power sector is additionally anticipated to fuel the demand for encapsulation resins within the forecast tenure. Similarly, owing to the thermal conductivity of encapsulation resins, the market is expected to growth notably. Nevertheless, due to exceptional screening procedure in encapsulation resins, which incurs extra expenses is one of the hindering factor in the growth of the market. Apart from that, the developed electronic industry in developed nations of Europe and North America hampers the market development for encapsulation resins. In addition to that, the two-segment polyurethane encapsulation tar is likely to provide significant chances of growth to the makers of encapsulation resins.
Advancement in Healthcare and Research Technologies to Fuel Demand for Encapsulation Resins
Rise in research and development activities conducted on encapsulation resins is another driver of the market. Moreover, advancement in technology for healthcare and research has spurred the demand for encapsulation resins. With a specific end goal to offer upgraded and continuous availability in the electronic product, producers are concentrating on creating inventive arrangements, for example, smart passive sensors. Boost in sensor products that offers delayed administrations has driven the manufacturers of the electronic products to initiate protective solutions, for example, integrating electronic segments in resins. Also, as sensor gadgets decipher the physical and environmental qualities into electrical signals, interest for resins is likely to stay high.
This review is based on a recent market research report by Transparency Market Research, titled “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.”
- The developing energy and power sector is additionally anticipated to fuel the demand for encapsulation resins.
- Rise in research and development activities adopted by the leading players for the encapsulation resins is another driver anticipated to augment the growth of market.
Global Encapsulation Resins Market Segmentation
Global Encapsulation Resins Market By Product Type
- Polyurethane Resins
- Epoxy Resins
- Silicone Resins
Global Encapsulation Resins Market By End-Use Industry
- Electronics & Electrical
Global Encapsulation Resins Market By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453