Press release
LED Encapsulants Market Trend, Technology Innovations And Growth Prediction 2022-2028
The research study on the global LED Encapsulants market covers industry sectors, market climate, emerging innovations, competitive intelligence, and current developments in the industry. The sector study investigates the business dynamics of the rising economy, as well as current driving forces, market conditions, risks, trends, and problems. The analysis identifies the exact impact on the revenue and demand due to the disturbances caused by the occurrence of COVID-19. The recently launched growth strategies and development programs by the government and leading players in the market with the aim to impulse growth in the LED Encapsulants market are included in the report.The global LED Encapsulants market is expected to grow at a CAGR of 4.26% during the period 2022-2028, according to Market intelligence data.The LED encapsulation market was valued at USD 1.49 billion in 2022, and it is expected to reach USD 1.92 billion by 2028,
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Main Key Players:
Dow, Shin-Etsu Chemical, Momentive, Henkel, Nagase, H.B. Fuller, Wacker Chemie AG, Nitto Denko Corporation, Nusil, Hitachi Chemical, Quantum Silicones (CHT), SolEpoxy, Epic Resins and others.
Industry News:
Feb 2020 - Shin-Etsu Chemical started marketing the newly developed materials that will be used in the manufacturing process of MicroLED displays. The company's new materials will be used in the manufacturing of MicroLEDs which can lead to greater productivity in the MicroLED manufacturing process and provide a competitive edge for these displays.
Jun 2019 - H.B. Fuller Company announced that it has signed a definitive agreement to sell its surfactants, thickeners and dispersants business to Tiarco, LLC, which is a wholly-owned subsidiary of Textile Rubber and Chemical Company, Inc., for USD 71 million. The company will use the net proceeds from the sale for debt reduction.
Dividing the Global LED Encapsulants Market by Product types and Application
Segmentation By Type:
Epoxides
Polyimides
Silicones (RTV, gel, etc.)
Segmentation By Application:
Consumer Electronics
Automotive
Architectural Lighting
Others
Market Overview:
LEDs have been accepted as an integral part of electronics as a low powered light source. The semiconductor chip in a LED is sensitive and needs protection from moisture, physical damage, and outside elements. Moreover, electrodes may undergo oxidation and work inefficiently if not protected from moisture and oxygen.
Market Analysis and Insights: Global LED Encapsulants Market
LED Encapsulants Market report provides you with detailed insights, industry knowledge, market forecasts and analytics. The report on the global LED Encapsulants industry also clarifies economic risks and environmental compliance. Global market report assists industry enthusiasts including investors and decision makers to make confident capital investments, develop strategies, optimize their business portfolio, innovate successfully and perform safely and sustainably.
The report on the LED Encapsulants market covers the following region (country) analysis:
Asia-Pacific is Expected to witness Significant Growth
The Asia-Pacific region is expected to witness a significant growth rate during the forecast period. UNEP in the frame of enlightens program estimates that in the absence of new policies, 57% of the lighting energy demand by 2030 would come from Asia.
Geographically, the market is widespread in the region owing to the availability of plenty of encapsulation raw material. Assertive demand growth from the consumer electronics and automobiles industry in this region, where rapid changes in technology, is resulting in greater demand for high and medium power LEDs is expected to drive the demand for encapsulation products.
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Key takeaways from the LED Encapsulants Industry study
- Simplified and insightful comprehensive LED Encapsulants market analysis
- Evaluation of growth derivatives, crucial constraints, opportunities, and challenges
- Internal business overview including business connectivity, sales records, supply chain strategies and capabilities, product development, and marketing trends
- Exact LED Encapsulants industry valuation
- Future forecasts and LED Encapsulants market estimations followed by a demand to supply ratio projections
- Competitive benchmarking coupled with competitive analysis
- Key strategic initiatives fuelling LED Encapsulants market growth
- In-depth assessment of the product, application, and regional segments
- Neutral geographic survey based on macro and micro-economic factors highlighting the growth potential of developed and developing economies
Following are the major TOC of the LED Encapsulants Market:
Chapter 1: LED Encapsulants Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global LED Encapsulants Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global LED Encapsulants Market Forecast
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The years considered for the study are as follows:
Base Year: 2021
Estimated Year: 2022
Projected Year: 2028
Forecast Period: 2022 to 2028
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