Silicone Encapsulants Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Silicone Encapsulants Market - By Type
1.3.2 Silicone Encapsulants Market - By Application
1.3.3 Silicone Encapsulants Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SILICONE ENCAPSULANTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SILICONE ENCAPSULANTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SILICONE ENCAPSULANTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SILICONE ENCAPSULANTS - GLOBAL MARKET OVERVIEW
6.2. SILICONE ENCAPSULANTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SILICONE ENCAPSULANTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. GENERAL ENCAPSULANT
7.3.1. Overview
7.3.2. General Encapsulant Market Forecast and Analysis
7.4. OPTICALLY CLEAR ENCAPSULANT
7.4.1. Overview
7.4.2. Optically Clear Encapsulant Market Forecast and Analysis
7.5. THERMALLY CONDUCTIVE ENCAPSULANT
7.5.1. Overview
7.5.2. Thermally Conductive Encapsulant Market Forecast and Analysis
8. SILICONE ENCAPSULANTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRICALS AND ELECTRONICS.
8.3.1. Overview
8.3.2. Electricals and Electronics. Market Forecast and Analysis
8.4. AUTOMOBILES
8.4.1. Overview
8.4.2. Automobiles Market Forecast and Analysis
8.5. OPTICS
8.5.1. Overview
8.5.2. Optics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SILICONE ENCAPSULANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Silicone Encapsulants Market Overview
9.1.2 North America Silicone Encapsulants Market Forecasts and Analysis
9.1.3 North America Silicone Encapsulants Market Forecasts and Analysis - By Type
9.1.4 North America Silicone Encapsulants Market Forecasts and Analysis - By Application
9.1.5 North America Silicone Encapsulants Market Forecasts and Analysis - By Countries
9.1.5.1 United States Silicone Encapsulants Market
9.1.5.1.1 United States Silicone Encapsulants Market by Type
9.1.5.1.2 United States Silicone Encapsulants Market by Application
9.1.5.2 Canada Silicone Encapsulants Market
9.1.5.2.1 Canada Silicone Encapsulants Market by Type
9.1.5.2.2 Canada Silicone Encapsulants Market by Application
9.1.5.3 Mexico Silicone Encapsulants Market
9.1.5.3.1 Mexico Silicone Encapsulants Market by Type
9.1.5.3.2 Mexico Silicone Encapsulants Market by Application
9.2. EUROPE
9.2.1 Europe Silicone Encapsulants Market Overview
9.2.2 Europe Silicone Encapsulants Market Forecasts and Analysis
9.2.3 Europe Silicone Encapsulants Market Forecasts and Analysis - By Type
9.2.4 Europe Silicone Encapsulants Market Forecasts and Analysis - By Application
9.2.5 Europe Silicone Encapsulants Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Silicone Encapsulants Market
9.2.5.1.1 Germany Silicone Encapsulants Market by Type
9.2.5.1.2 Germany Silicone Encapsulants Market by Application
9.2.5.2 France Silicone Encapsulants Market
9.2.5.2.1 France Silicone Encapsulants Market by Type
9.2.5.2.2 France Silicone Encapsulants Market by Application
9.2.5.3 Italy Silicone Encapsulants Market
9.2.5.3.1 Italy Silicone Encapsulants Market by Type
9.2.5.3.2 Italy Silicone Encapsulants Market by Application
9.2.5.4 United Kingdom Silicone Encapsulants Market
9.2.5.4.1 United Kingdom Silicone Encapsulants Market by Type
9.2.5.4.2 United Kingdom Silicone Encapsulants Market by Application
9.2.5.5 Russia Silicone Encapsulants Market
9.2.5.5.1 Russia Silicone Encapsulants Market by Type
9.2.5.5.2 Russia Silicone Encapsulants Market by Application
9.2.5.6 Rest of Europe Silicone Encapsulants Market
9.2.5.6.1 Rest of Europe Silicone Encapsulants Market by Type
9.2.5.6.2 Rest of Europe Silicone Encapsulants Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Silicone Encapsulants Market Overview
9.3.2 Asia-Pacific Silicone Encapsulants Market Forecasts and Analysis
9.3.3 Asia-Pacific Silicone Encapsulants Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Silicone Encapsulants Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Silicone Encapsulants Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Silicone Encapsulants Market
9.3.5.1.1 Australia Silicone Encapsulants Market by Type
9.3.5.1.2 Australia Silicone Encapsulants Market by Application
9.3.5.2 China Silicone Encapsulants Market
9.3.5.2.1 China Silicone Encapsulants Market by Type
9.3.5.2.2 China Silicone Encapsulants Market by Application
9.3.5.3 India Silicone Encapsulants Market
9.3.5.3.1 India Silicone Encapsulants Market by Type
9.3.5.3.2 India Silicone Encapsulants Market by Application
9.3.5.4 Japan Silicone Encapsulants Market
9.3.5.4.1 Japan Silicone Encapsulants Market by Type
9.3.5.4.2 Japan Silicone Encapsulants Market by Application
9.3.5.5 South Korea Silicone Encapsulants Market
9.3.5.5.1 South Korea Silicone Encapsulants Market by Type
9.3.5.5.2 South Korea Silicone Encapsulants Market by Application
9.3.5.6 Rest of Asia-Pacific Silicone Encapsulants Market
9.3.5.6.1 Rest of Asia-Pacific Silicone Encapsulants Market by Type
9.3.5.6.2 Rest of Asia-Pacific Silicone Encapsulants Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Silicone Encapsulants Market Overview
9.4.2 Middle East and Africa Silicone Encapsulants Market Forecasts and Analysis
9.4.3 Middle East and Africa Silicone Encapsulants Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Silicone Encapsulants Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Silicone Encapsulants Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Silicone Encapsulants Market
9.4.5.1.1 South Africa Silicone Encapsulants Market by Type
9.4.5.1.2 South Africa Silicone Encapsulants Market by Application
9.4.5.2 Saudi Arabia Silicone Encapsulants Market
9.4.5.2.1 Saudi Arabia Silicone Encapsulants Market by Type
9.4.5.2.2 Saudi Arabia Silicone Encapsulants Market by Application
9.4.5.3 U.A.E Silicone Encapsulants Market
9.4.5.3.1 U.A.E Silicone Encapsulants Market by Type
9.4.5.3.2 U.A.E Silicone Encapsulants Market by Application
9.4.5.4 Rest of Middle East and Africa Silicone Encapsulants Market
9.4.5.4.1 Rest of Middle East and Africa Silicone Encapsulants Market by Type
9.4.5.4.2 Rest of Middle East and Africa Silicone Encapsulants Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Silicone Encapsulants Market Overview
9.5.2 South and Central America Silicone Encapsulants Market Forecasts and Analysis
9.5.3 South and Central America Silicone Encapsulants Market Forecasts and Analysis - By Type
9.5.4 South and Central America Silicone Encapsulants Market Forecasts and Analysis - By Application
9.5.5 South and Central America Silicone Encapsulants Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Silicone Encapsulants Market
9.5.5.1.1 Brazil Silicone Encapsulants Market by Type
9.5.5.1.2 Brazil Silicone Encapsulants Market by Application
9.5.5.2 Argentina Silicone Encapsulants Market
9.5.5.2.1 Argentina Silicone Encapsulants Market by Type
9.5.5.2.2 Argentina Silicone Encapsulants Market by Application
9.5.5.3 Rest of South and Central America Silicone Encapsulants Market
9.5.5.3.1 Rest of South and Central America Silicone Encapsulants Market by Type
9.5.5.3.2 Rest of South and Central America Silicone Encapsulants Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SILICONE ENCAPSULANTS MARKET, KEY COMPANY PROFILES
11.1. 3M COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ACC SILICONES LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DOW CORNING CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EVONIK INDUSTRIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. H.B. FULLER
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HENKEL AG AND COMPANY, KGAA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HUNTSMAN CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHIN-ETSU CHEMICAL CO., LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SIKA AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WACKER CHEMIE AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. 3M Company
2. ACC Silicones Ltd
3. Dow Corning Corporation
4. Evonik Industries
5. H.B. Fuller
6. Henkel AG and Company, KGaA
7. Huntsman Corporation
8. Shin-Etsu Chemical Co., Ltd
9. Sika AG
10. Wacker Chemie AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.