Encapsulation Resins Industry | Share, Types, Region and Competition Analysis with Forecast to 2024
Encapsulation Resins Market Information by Product Type (Epoxy Resins, Silicone Resins, Polyurethane Resins and others), Application (Transformers, Sensors, Switchgears, Insulators, Capacitors, Relays & Coils, Adhesives & Sealants and others), End-Use Industry (Building & Construction, Automotive, Transportation, Electrical & Electronics, Marine and others) and Region (North America, Asia-Pacific, Latin America, Europe and the Middle East & Africa) Forecast till 2024
Encapsulation Resins Market Summary
Encapsulation Resinsstood at USD 3.67 billion in 2018, and the market is poised to exhibit a CAGR of over 3.4% during the forecast period. Furthermore, the growth is expected from the electrical and electronics industry due to increasing demand for consumer electronics and energy-efficient electrical and electronics manufacturing services (EMS).
Additionally, the growing demand for automation in major end-use industries such as automotive, marine, construction, aerospace, and others is also expected to propel the demand for encapsulation resins during the forecast period.
Top Key Companies
- Aremco (US)
- Hitachi Chemical Co., Ltd (Japan)
- Dow (US)
- BASF SE (Germany)
- ELANTAS GmbH (Germany)
- H.B. Fuller Company (US)
- Master Bond Inc (US)
- Henkel AG & Co. KGaA (Germany)
- Shin-Etsu Chemical Co., Ltd (Japan)
- MG Chemicals (US)
- Huntsman International LLC (US)
- Robnor ResinLab Ltd (UK)
- Dymax Corporation (US)
- LORD Corporation (US)
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