Encapsulants Market size is forecast to reach $1.91 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. The rising in the functionality of electronics devices and the trend of miniaturization in devices are the major reasons for the growing importance of encapsulants in the semiconductor and electronics industry. Encapsulants play a major role by maintaining the accuracy in the arrangement by creating a layer on the structure of the device and ensuring that all components are in place. Encapsulant is considered to be the better alternative in manufacturing processes used through automated dispensing equipment.

Key Takeaways
Asia-Pacific dominates the Encapsulants Market. Growth of the manufacturing sector and availability of cheap labor are key factors to drive the growth of encapsulants market in the Asia Pacific region.

The rapid growth of solar photovoltaic panel market provides an opportunity for encapsulants market.

Fluctuation in crude oil prices could act as a major restraint for the encapsulants market.

The presence of large no. of companies in electronics sector and growing demand of consumer electronics products further strengthen the market for encapsulants agents.

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Geography - Segment Analysis
Asia-Pacific (APAC) dominated the Encapsulants Market with the share of 39.4% in 2019 followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in Consumer Electronics and transportation industries. China was the leading regional market, accounting for 45% of total Asia-Pacific market. India is the second major market after china. The availability of skilled labor at lower wages in this region also attracts manufacturers.

Drivers – Encapsulants Market

Upsurge in the consumer electronics market

Advancements in the sensors market

Market Landscape: Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Metal Cleaning Chemical market. Major players in Encapsulants Market are ACC Silicone, BASF SE, Creative Materials Incorporated, DOW Corning Corporation, Dymax Corporation.

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