Encapsulant Market size was estimated at 1.45 billion dollars in 2020 and is expected to reach 1.72 billion dollars in 2025, with a CAGR of 5.56% from 2020 to 2025. The base year selected for this study in the market of encapsulants is 2020, the period is between 2020 and 2025.
Based on chemistry, the encapsulating silicone segment is expected to experience increased CAGR growth during the forecast period. The growth of this segment can be attributed to the growing demand for electric vehicles and consumer electronics.
Depending on the curing, the environmental curing segment of the encapsulant market is expected to grow at the highest CAGR during the forecast period. The systems of curing to room temperature offer secure processing and high reliability.
Encapsulants Market Drivers and Restraints:
In the polymerization type segment due to the ease of processing and high reliability, the market demand for encapsulating agents will increase even more.
The presence of a large number of companies in the electronics sector and the growing demand for consumer electronics products further strengthen the market for encapsulation agents, led by countries such as China and India.
The market growth is mainly due to the growing use of solar encapsulation materials in the construction, automotive and electronics sectors. The solar encapsulant is a sheet of a thin film that is used as a protective material in a panel or solar module. The sheet protects the solar panel against corrosion, dust, weather, and delamination.
The increasing demand for electronic equipment by consumers and the accumulated reach of technology in everyday life are factors that contribute to the growth of the encapsulation agent market. The rapid growth of the photovoltaic solar panel market offers an opportunity for the encapsulant market.
The encapsulants provide insulation against the high voltage current, protecting the interconnections of the circuits of the thermal or mechanical defects that act as growth engines of the market.
The volatility of commodity prices could restrict the global market for encapsulants. The raw materials necessary for the manufacture of encapsulants come from petroleum-based resins. The fluctuation of crude oil prices could be a significant limitation for the encapsulant market. The reliance on encapsulation materials that may not function properly remains a major obstacle to market growth.
Encapsulants Market Segmentation:
By Chemistry:
By end-use sector
Encapsulants Market Growth Based on Segmentation:
In 2017, it was expected that the consumer electronics segment of the encapsulant market would achieve its highest compound annual growth rate (RCAC) between 2020 and 2025 due to the growth of the semiconductor industry.
It is expected that the epoxy segment will dominate the market over the forecast period due to its properties such as strength and durability, adhesion, low shrink cure, compatibility with most materials, corrosion resistance and durability. Chemicals and good electrical insulation.
Regional Condition:
In 2017, the APAC region dominated the global market for encapsulation agents due to growing demand from the automotive and medical sectors. Besides, the region is expected to maintain its dominant position over the next five years.
Encapsulant Market Key players:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 chemistry
5.1.1 Introduction
5.1.2 epoxy encapsulants
5.1.3 urethane encapsulants
5.1.4 silicone encapsulants
5.1.5 Y-o-Y Growth Analysis, By chemistry
5.1.6 Market Attractiveness Analysis, By chemistry
5.1.7 Market Share Analysis, By chemistry
5.2 end-use sector
5.2.1 Introduction
5.2.2 consumer electronics
5.2.3 energy and energy
5.2.4 transportation
5.2.5 medicine
5.2.6 others
5.2.7 Y-o-Y Growth Analysis, By end-use sector
5.2.8 Market Attractiveness Analysis, By end-use sector
5.2.9 Market Share Analysis, By end-use sector
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By chemistry
6.1.3.3 By end-use sector
6.1.3.4 By Indication
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By chemistry
6.1.4.3 By end-use sector
6.1.4.4 By Indication
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By chemistry
6.1.5.3 By end-use sector
6.1.5.4 By Indication
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Epic Resins
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Lord Corporation
8.3 DOW Corning Corporation
8.4 HB Fuller
8.5 Shin-Etsu Chemical Co., Ltd
8.6 Sumitomo Bakelite Co., Ltd
8.7 Henkel AG & KGaA Co
8.8 Kyocera Corporation
8.9 Hitachi Chemical Co., Ltd
8.10 Panasonic Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
