Encapsulation Materials for Semiconductor Market Size, Trends & Forecasts | Valuates Reports

Encapsulation Materals for Semiconductor Market

The global market for Encapsulation Materals for Semiconductor was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

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Following a strong growth of 26.2 percent in the year 2021, WSTS revised it down to a single digit growth for the worldwide semiconductor market in 2022 with a total size of US$580 billion, up 4.4 percent. WSTS lowered growth estimation as inflation rises and end markets seeing weaker demand, especially those exposed to consumer spending. While some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.8 percent, Sensors with 16.3 percent, and Logic with 14.5 percent growth. Memory declined with 12.6 percent year over year. In 2022, all geographical regions showed double-digit growth except Asia Pacific. The largest region, Asia Pacific, declined 2.0 percent. Sales in the Americas were US$142.1 billion, up 17.0% year-on-year, sales in Europe were US$53.8 billion, up 12.6% year-on-year, and sales in Japan were US$48.1 billion, up 10.0% year-on-year. However, sales in the largest Asia-Pacific region were US$336.2 billion, down 2.0% year-on-year.

By Type
• Epoxy
• Silicone
• Polyurethane

By Application
• Automotive
• Consumer Electronics
• Others

Key Companies
Henkel, Momentive, Dow Corning, Shin-Etsu Chemical, Electrolube, H.B. Fuller, Wacker Chemie AG, CHT Group, Nagase, Elkem Silicones, Elantas, Lord, Won Chemical, Namics Corporation, Showa Denka, Panacol

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This release was published on openPR.