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Pulished Date April, 2021
ID: 8174
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Encapsulants Market by Chemistry (Epoxy, Silicone, Urethane), Curing Type (Room Temperature, Heat Temperature, UV), End-Use Industry (Consumer Electronics, Transportation, Medical, Energy & Power), and Region (North America, Latin America, Europe, APAC, MEA) | 2021 - 2026

Pulished: April, 2021
ID: 8174
Pages: 170

Encapsulants Market Size, Share & Growth (2021 - 2026)

The size and share of the Encapsulant Market were estimated at 3.45 billion dollars in 2021 and is expected to reach 5.72 billion dollars in 2026, with a CAGR of 7.56% from 2021 to 2026.

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.

Drivers and Restraints in the Encapsulants Market

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.




Market Size Available

2020 – 2025

Base Year


Forecast Period

2021 - 2026



Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Dow Corning Corporation (US), Henkel AG & CO., KGaA (Germany), Lord Corporation (US), Shin-Etsu Chemicals (Japan), and H.B. Fuller (US)

Encapsulants Market

Encapsulants Market Segmentation as per the research report until 2026.

Encapsulants Market - By Chemistry

  • Epoxy encapsulants

  • Urethane encapsulants

  • Silicone encapsulants.

Encapsulants Market - By End-use 

  • Consumer electronics

  • Energy

  • Transportation

  • Medicine

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.

Encapsulants Market - By Region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East & Africa

Asia Pacific (APAC) ruled the Encapsulants Market with the portion of 39.4% in 2019 followed by North America and Europe. The economy of APAC is primarily affected by the financial elements of nations, for example, China and India, however with developing foreign direct venture for economic advancement of South East Asia, the current situation is evolving. Nations in South East Asia are going through high development in consumer electronics and transportation ventures, which is supporting the encapsulants business. China was the main provincial market, representing 45% of complete Asia-Pacific encapsulants market. India is the subsequent significant market after China.

The accessibility of labour at lower rates in these countries likewise attracts producers. Furthermore, the presence of an enormous number of electronics firms and broadening interest for consumer electronics are further boosting encapsulant market in this locale. Fast turn of events and innovative progressions in gaming industry is additionally expected to push development of this worldwide encapsulants market over the gauge time frame. With the advancement of Information and Technology, and the improvement of electronic products based on modern technologies, the worldwide semi-conductor market is extending and the demand for encapsulants is expanding.

Encapsulant Market Key players:

  1. Dow Corning Corporation

  2. HB Fuller

  3. Shin-Etsu Chemical Co., Ltd.

  4. Sumitomo Bakelite Co., Ltd.

  5. Henkel AG & KGaA Co.

  6. Kyocera Corporation

  7. Hitachi Chemical Co., Ltd.

  8. Panasonic Corporation

  9. Epic Resins, Electrolube

  10. Materials Processing Systems, Inc.

  11. The 3M Company

  12. BASF SE

  13. Resin Technical Systems

  14. Sanyu Rec Co., Ltd.

  15. John C. Dolph

  16. Master Bond Inc.

  17. ACC Silicones

  18. Dymax Corporation

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        

                                       By Geographical Area

                                       By chemistry

                                       By end-use sector

                                       By Indication

                                6.1.4  Market Attractiveness Analysis     

                                       By Geographical Area

                                       By chemistry

                                       By end-use sector

                                       By Indication

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By chemistry

                                       By end-use sector

                                       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                                         


                a) List of Tables                

                b) List of Figures                              

  1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of chemistry,end use and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Encapsulants Market By Region, From 2021-2026( USD Billion )

  2. Global Encapsulants Market   By chemistry From 2021-2026( USD Billion )

  3. Global epoxy encapsulants Market By Region, From 2021-2026( USD Billion )

  4. Global urethane encapsulants  Market By Region, From 2021-2026( USD Billion )

  5. Global silicone encapsulants Market By Region, From 2021-2026( USD Billion )

  6. Global Encapsulants Market  By end-use sector From 2021-2026( USD Billion )

  7. Global consumer electronics Market By Region, From 2021-2026( USD Billion )

  8. Global energy and energy Market By Region, From 2021-2026( USD Billion )

  9. Global transportation Market By Region, From 2021-2026( USD Billion )

  10. Global medicine  Market By Region, From 2021-2026( USD Billion )

  11. Global others Market By Region, From 2021-2026( USD Billion )


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