What is the future of Encapsulants Market? Know Covid Impact on Size, Share & Forecasts
June 23, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Encapsulants Market.
It was estimated prior to this unanticipated outbreak that the Encapsulants Market was expected to grow at a CAGR of 6.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Encapsulants are liquid coatings that are applied over lead paints for offering an effective and long-lasting barrier. These can be epoxy encapsulants, silicone encapsulants, and urethane encapsulants.
Encapsulants make use of room temperature curing, heat cure, and UV cure for the purpose. Consumer electronics, transportation, medical, energy & power, and others are the applications areas where encapsulants are often used.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the chemistry type, the market is segmented as epoxy encapsulant, silicone encapsulant, and urethane encapsulant. The growth of the silicone segment is attributed to the growing consumer electronics and the high demand for electric vehicles.
Based on the curing type, the market is segmented as room temperature cure, heat cure, and UV cure. The room temperature cure segment is estimated to register high growth in the coming five years. Easy curability and elevated reliability drive the growth of this segment.
In terms of regions, Asia-Pacific is expected to dominate the encapsulants market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing application of encapsulants in various end-use industries. North America and Europe also offer sizeable growth opportunities during the forecast period.
Key Players:
Some of the encapsulant manufacturers are Engineered Material Systems, Inc., The 3M Company, BASF SE, Resin Technical Systems, Sanyu Rec Co., Ltd., John C. Dolph Company, Master Bond Inc., Dymax Corporation, Nagase & Co., Ltd., Creative Materials Incorporated, and Aptek Laboratories, Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Encapsulants Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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