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Encapsulation Resins Market Value chain and stakeholder analysis by 2026
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Leading players in the global encapsulation resins market are Fuji Chemical Industrial Co., Ltd., Shin-Etsu Chemical Co. Ltd., Master Bond Inc., Huntsman Corporation, Henkel ag & co. kgaa, H. B. Fuller Company, Hitachi Chemical, Dow Chemical Company, ACC Silicones Ltd., and BASF.
Global Encapsulation Resins Market to Witness Sluggish Growth between 2017 and 2026
As per the latest report by Transparency Market Research (TMR), the global market for encapsulation resins is expected to experience sluggish growth, registering CAGR of 3.2% during the forecast period 2017-2026. The global encapsulation resins market is also estimated to bring in US$ 3,757.6 million revenue by the end of 2026.
The global market for encapsulation resins is segmented on the basis of end use industries, product type, and region. Based on the product type, the market is further segmented into Silicone Resins, Polyurethane Resins, Epoxy Resins, and other product types. Among these epoxy resins is likely to emerge as one of the top-selling products between 2017 and 2026.
Based on the end-use industries, the market is divided into telecommunication components, automotive components, electronics & electrical components, and other end use industries. During the forecast period 2017-2026, electronics & electrical components are expected to be the largest users of encapsulation resins.
Geographically, the market segmentation consists Latin America, Europe, Japan, North America, Asia Pacific Excluding Japan (APEJ), and the Middle East and Africa (MEA). Among the given regions, APEG is expected to remain dominant in the global encapsulation resins market between 2017 and 2026. Owing to the increasing demand for consumer electronic products, miniaturization of electronic products, and the presence of electronic giants are some of the factors driving the demand for encapsulation resins in APEJ. Moreover, the increase in the use of electronics and sensors in the automotive sector is also driving the growth of encapsulation resins in the region.
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Epoxy Resins to Gain Maximum Traction during 2017-2026
Owing to the excellent mechanical and electrical properties, epoxy resins are widely used in the electronics industry. Epoxy resins also offer better protection against high temperatures, chemicals, moisture, dust and short circuits. Providing efficient dissipation of heat from electronic components, epoxy resins helps in prolonging service life. A wide range of epoxy-based resin systems are available including different properties. Hence, epoxy resins are considered suitable for wide range of applications. Epoxy resins are finding major application in paints and coatings. However, high raw material cost and environmental concerns are acting as a roadblock in the growth of epoxy resins.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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