According to a new market report by Lucintel, the future of the global semiconductor encapsulants market looks promising with opportunities in the consumer electronics, transportation, healthcare, and energy & power industries. The semiconductor encapsulants market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 5.5% from 2020 to 2025. The major growth driver for this market is growth of the semiconductor industry.
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In this market, epoxy, silicone, and urethane are major resin used to manufacture encapsulant.
Within this market, consumer electronics will remain the largest application over the forecast period due to growth of the electronics industry.
Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to growth of consumer electronics and transporation industries.
Dow Corning, Henkel, LORD Corporation, Hexion, and H.B. Fuller are among the major manufacturers of global semiconductor encapsulants market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global semiconductor encapsulant market by chemistry, curing type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Semiconductor Encapsulants Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global semiconductor encapsulants market by chemistry, curing type, end use industry, and region as follows:
By Chemistry [$M shipment analysis for 2014 – 2025]:
Epoxy
Silicone
Urethane
Others
By Curing Type [$M shipment analysis for 2014 – 2025]:
Room Temperature
Heat Temperature
UV
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Transportation
Healthcare
Energy & Power
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.