Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Encapsulants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Encapsulants Market to Reach $2.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Encapsulants estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.1 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Silicone, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$981.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Epoxy segment is readjusted to a revised 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $424.4 Million, While China is Forecast to Grow at 4.5% CAGR
The Encapsulants market in the U.S. is estimated at US$424.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$373.2 Million by the year 2030 trailing a CAGR of 4.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Select Competitors (Total 46 Featured) -
- 3M Company
- ACC Silicones Ltd.
- Aptek Laboratories, Inc.
- BASF SE
- Creative Materials, Inc.
- Dymax Corporation
- Electrolube
- Engineered Materials Systems, Inc.
- Epoxies Etc
- GS Polymers, Inc.
- John C. Dolph Company
- Master Bond, Inc.
- Nagase & Co., Ltd.
- Resin Technical Systems
- Sanyu Rec Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $2.1 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Encapsulants Market to Register Steady Growth
- Consumer Electronic Applications to Account for Largest Share of the Market
- Epoxy Segment to Emerge as the Leading Segment
- Encapsulants - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Demand for Consumer Electronics to Spur Market Demand
- Growing Number of Electric Vehicles to Drive Market Growth
- Percentage Share of Electric Vehicles of the Total Vehicle Sales in Various Countries: 2018
- Growth in Advanced Electronic Packaging to Spur Market Demand
- Miniaturization of Electronic Devices to Support Market Growth
- Challenges
- Stringent Regulations for VOC Emissions
- Product Innovations
- Launch of New Range of Encapsulants by Select Players
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8ujhav
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