Encapsulants Market Size Breakdown, Development Growth, Business Trends, Forecast to 2022-2031


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Shibuya Data Count

Apr 08, 2022, 02:06 EST


Shibuya-ku, Tokyo, Japan, Japan, Apr 08, 2022, 02:06 /Comserve / -- The encapsulants market is estimated to be USD 1.26 billion in 2017 and is projected to reach USD 1.64 billion by 2022, at a CAGR of 5.5% from 2022-2031.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The encapsulants market is estimated to be USD 1.26 billion in 2017 and is projected to reach USD 1.64 billion by 2022, at a CAGR of 5.5% from 2022 to 2031. Increased demand for encapsulants from consumer electronics, transportation, medical, and energy & power end-use industries is expected to drive the encapsulants market across the globe. Encapsulants are one of the most widely used protective materials in electronics. They are also used as protective materials to completely embed electronic circuitry. Volatility in raw material prices may restrain the industry during the forecast period.

“The consumer electronics segment is expected to be the largest end-use industry segment during the forecast period”

Based on end-use industry, the consumer electronics segment is expected to be the largest end-use industry segment of the encapsulants market during the forecast period, in terms of value. The rapidly growing semiconductor & electronics industry and the increasing demand for smart electronic gadgets are the major factors fueling the demand for encapsulants in this industry. The trend of miniaturization and increasing multi-functionality of electronic devices have increased the number of components and risks associated with short-circuiting. These have necessitated the use of encapsulants in electronic devices.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Encapsulants Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast  Up to 2031 (Trending Report)

“The room temperature curing type segment is projected to grow at the highest CAGR during the forecast period”

Based on curing type, the room temperature segment of the encapsulants market is projected to grow at the highest CAGR from 2022 to 2031. Room temperature curing systems offer easy processing, high reliability, and are low cost.

“The Asia Pacific encapsulants market is projected to grow at the highest CAGR during the forecast period”

The growth of the Asia Pacific encapsulants market can be attributed to the rapidly increasing demand from end-use industries, such as consumer electronics, transportation, medical devices, and energy & power. The demand for encapsulants is expected to increase in this region due to the growing demand for consumer electronic products & components used in transportation and technological innovation that will create opportunities for encapsulants as an ideal material.

The Final Report will cover the impact analysis of COVID-19 on this industry: Encapsulants Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast  Up to 2031 (Trending Report)

Extensive primary interviews have been conducted to determine and verify the market size for several segments and subsegments.

Download PDF Sample Copy of This Report: https://www.sdki.jp/sample-request-109000

The break-up of primary interviews has been given below.

• By Company Type: Tier 1 – 50%, Tier 2 – 37%, and Tier 3 – 13%
• By Designation: C Level – 46%, Director Level – 31%, and Others – 23%
• By Region: North America – 33%, Europe – 28%, Asia Pacific – 22%, Middle East & Africa - 6%, and South America – 11%

Research Coverage:

This research report has categorized the encapsulants market on the basis of chemistry, curing type, end-use industry, and region. It includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the encapsulants market. A detailed analysis of the key players has been done to provide insights on their business overviews, products & services offered, and key strategies, such as investments & expansions and mergers & acquisitions adopted by them to strengthen their position in the encapsulants market.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

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