Encapsulation Resin Market Analysis – Global Industry Size, Share, Trends and Forecast, 2018 – 2026

Chemicals and Materials | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC557

Introduction

Encapsulation is the procedure of assembling an electronic device with a solid compound to protect it from corrosion, shock, moisture, and vibration. A variety of encapsulation resins such as polyurethane, epoxy, polyesters, silicone, and UV curing systems are used for encapsulation procedure. Encapsulation resins are majorly used for various applications in electronic and electrical industry. Encapsulation material for any device must be decided on its capability to work under heat, stress, and attain a low outgassing performance.

Market Dynamics

The global encapsulation resin market is driven by the growth in consumer electronics, industrial, and aerospace sector. Moreover, the growing energy and power industry is also expected to boost the demand for encapsulation resins during the forecast period. Also, the thermal conductivity offered by encapsulation resins augments its demand. However, the special screening practice of encapsulation resins, which leads to the additional cost is the major restraining factor for the market. Also, the matured electronic industry in developed economies of North America and Europe hampers the market growth for encapsulation resins. Nevertheless, the two-component polyurethane encapsulation resin is expected to provide major growth opportunities for manufacturers of encapsulation resins.

Market Classification and Overview

The encapsulation resin market is bifurcated based on product type, end-use industry, and geography. The different product types of encapsulation resin market include polyurethane resins, epoxy resins, silicone resins, and others. The epoxy resin segment is projected to witness highest growth during the forecast period as it offers good electrical properties, which is essential for electronics industry. Also, the epoxy encapsulation resins provide excellent protection against adverse temperatures, moisture, short circuits and dust. Electronics & electrical, automotive, telecommunication, and others are the major end-use industry for encapsulation resin market. Electronics & electrical segment was estimated to be the largest market for encapsulation resins in 2015.

Regional Overview

The market for encapsulation resins is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the major contributors to the growth of encapsulation resin market in 2015 owing to the upsurge in demand for consumer electronic devices, miniaturization of electronic devices, and presence of major electronic manufactures in the region. Moreover, the growing use of sensors and electronics in automotive industry also drives the market of encapsulation resins in the region. North America was the second largest market followed by Europe. The encapsulation resin market in Asia-Pacific is further projected to witness highest growth in coming years owing to the rapid growth of electronic industry in developing countries such as India, Vietnam, Singapore, and Thailand.

Report Coverage

Market

Encapsulation Resin Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Product Type, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

ELANTAS GmbH, Henkel AG & Co. KGaA, Master Bond Inc., Dymax Corporation, MG Chemicals, LORD Corp, Robnor Resins Ltd, Aremco Products Inc., Shanghai Sepna Chemical Technology Co., and RBC Industries, Inc are couple of key manufacturers of encapsulation resins. 

Market Segmentation

Market By Product Type

·         Polyurethane Resins

·         Epoxy Resins

·         Silicone Resins

·         Others

Market By End-Use Industry

·         Electronics & Electrical

·         Automotive

·         Telecommunication

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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