The report "Encapsulants Market by Chemistry (Epoxy, Silicone, Urethane), Curing Type (Room Temperature, Heat Temperature, UV), End-Use Industry (Consumer Electronics, Transportation, Medical, Energy & Power), and Region - Global Forecast to 2022", The encapsulants market is estimated to be USD 1.26 Billion in 2017 and is projected to reach USD 1.64 Billion by 2022, at a CAGR of 5.5% from 2017 to 2022. The growth of this market is driven by the increased demand for encapsulants from various end-use industries, such as consumer electronics, transportation, medical, and energy & power.
Asia Pacific accounted for the largest share of the encapsulants market in 2016. The Asia Pacific encapsulants market is projected to grow at the highest CAGR between 2017 and 2022. China is the largest market for encapsulants in this region. In China and India, the demand for encapsulants is expected to increase during the forecast period owing to the growing demand for electronic devices in end-use industries, such as automotive and medical.
Key companies profiled in this research report on the encapsulants market include Dow Corning (US), Henkel (Germany), LORD Corporation (US), Shin-Etsu Chemicals (Japan), and H.B. Fuller (US).
