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 advanced electronic packaging technique is driving the encapsulants market in different end-use industries. The growing use of encapsulants in consumer electronics and transportation is also fueling the growth of the encapsulants market across the globe. Medical and energy & power are some of the end-user industries of encapsulants.
Expansion and new product development/launch accounted for the major share of all growth strategies adopted by the leading players in the encapsulants market between January 2013 and September 2017. Dow Corning (US), Henkel (Germany), LORD Corporation (US), Shin-Etsu Chemicals (Japan), and H.B. Fuller (US) are some of the leading players operating in the encapsulants market.
Besides expansions and new product launches, the leading players also adopted agreements and mergers as key strategies to enhance their market shares and strengthen their presence in the encapsulants market between January 2013 and September 2017.
Henkel is the leading manufacturer of encapsulants, globally. The company carries out its business operations through its semiconductor assembly product lines. In September 2015, Henkel acquired The Bergquist Company, a privately-held leading supplier of thermal management solutions to the global electronics industry. This acquisition helped the company strengthen its position as a global leader in adhesives technology, catering to the emerging electronics industry of the Asia Pacific and South American regions.
