MARKET INTRODUCTION
Silicone encapsulants are chemicals or materials used primarily to offer protection to numerous electronic components in the circuit board. They are effectively used in the encapsulation and potting of sensors, microchips, semiconductor devices, printed circuit boards, electronic control units, and other sensitive electronic components. Silicone encapsulants ensure minimal thermal stress on sensitive electronic components while protecting them from extreme fluctuations in temperatures and vibrations.
MARKET DYNAMICS
The ubiquitous use of electronic technology in applications ranging from automobiles to handheld electronic devices and home appliances to personal computers and laptops has led to significant consumption of silicone encapsulants. Electronic and semiconductor industries are engaged in manufacturing sturdy and reliable electronic appliances and gadgets which are immune to dust, moisture, fluids, fire, and heat. As electronic manufacturers produce more reliable electronics products, the demand for silicone encapsulants used in protecting the sensitive electronic components is anticipated to rise. Growing consumption of electronic devices per capita, rising ownership of smartphones, and penetration of internet technology to underdeveloped and developing parts of the world have caused a spurt in demand for silicone encapsulants. Furthermore, the transition from fossil and coal-based energy to green energy have led to substantial consumption of silicone encapsulation used in photovoltaic cells and other solar power devices.
MARKET SCOPE
The "Global Silicone Encapsulants Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the silicone encapsulants market with detailed market segmentation by type, application, and geography. The global silicone encapsulants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading silicone encapsulants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global silicone encapsulants market is segmented on the basis of type and application. On the basis of type, the silicone encapsulants market is segmented into, general encapsulant, optically clear encapsulant, and thermally conductive encapsulant. On the basis of application, the market is bifurcated into, electricals & electronics, automobiles, optics, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global silicone encapsulants market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The silicone encapsulants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the silicone encapsulants market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the silicone encapsulants market in these regions.
MARKET PLAYERS
The reports cover key developments in the silicone encapsulants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from silicone encapsulants market are anticipated to lucrative growth opportunities in the future with the rising demand for silicone encapsulants in the global market. Below mentioned is the list of few companies engaged in the silicone encapsulants market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the silicone encapsulants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- ACC Silicones Ltd
- Dow Corning Corporation
- Evonik Industries
- H.B. Fuller
- Henkel AG & Company, KGaA
- Huntsman Corporation
- Shin-Etsu Chemical Co., Ltd
- Sika AG
- Wacker Chemie AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.