Liquid Encapsulation Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021-2026)
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• Liquid Encapsulation market size was valued at $1.3 billion in 2020, and it is estimated to grow at a CAGR of 5.2% during 2021-2026. • The growth is mainly attributed to the growing consumer demand for increased mobility, wireless connectivity and advanced features which have paved the way for a variety of new products, including advanced consumer electronics applications and therefore created demand for liquid encapsulation market. • The rising demand for epoxy resin and other high thermal conductivity materials in liquid encapsulation for advanced packaging particularly in semiconductor devices will drive the market growth. The rising need in telecom and semiconductor markets are key drivers of this market. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • APAC dominated the Liquid Encapsulation market in term of revenue in 2020 owing to the high adoption of liquid encapsulation in semiconductor device applications. • Growing demand for advanced packaging sensors and adoption liquid encapsulation method for sensors and microchips is poised to propel the market growth. • Increasing adoption of Liquid Encapsulation in automotive sector is poised to provide opportunities for market growth. • High cost is the major challenge that hampers market growth.
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By Distribution Channel- Segment Analysis Epoxy Resins held the major share of 35.9% in 2020. Adoption of epoxy resin material for liquid encapsulation is high as this material has properties such as resistance to thermal stress and resistance to degradation over time. So, this material is mostly used in industrial applications for liquid encapsulation as it acts against corrosion. Epoxy resins are also used to encapsulate integrated circuits. Increasing adoption of ICs in semiconductors and consumer electronics applications is set to drive the market.
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Liquid Encapsulation Market Industry Outlook • • • • • • • • •
Sumitomo Bakelite Co., Ltd Shin-Etsu Chemical Co., Ltd Kyocera Corporation Hitachi Chemical Co., Ltd Resin Technical Systems BASF SE Nitto Denko Corporation EPIC Resins Sanyu Rec Co.
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Liquid Encapsulation Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021-2026) Learn More About the Report
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