What is Global Semiconductor Grade Encapsulants Market?
The Global Semiconductor Grade Encapsulants Market is a specialized sector that focuses on the production and distribution of encapsulants used in semiconductors. These encapsulants are materials that are used to encapsulate or 'seal in' semiconductor devices, providing protection from physical damage, corrosion, and other environmental factors. The encapsulants also help in enhancing the electrical performance of the semiconductors by reducing the impact of external factors. The market is a crucial part of the larger semiconductor industry, which plays a vital role in the manufacturing of electronic devices. The value of this market was estimated to be around US$ 3450 million in 2023, and it is expected to grow significantly in the coming years.
Silicone, Epoxy, Polyurethane in the Global Semiconductor Grade Encapsulants Market:
The Global Semiconductor Grade Encapsulants Market is divided into several segments based on the type of encapsulant material used. These include Silicone, Epoxy, and Polyurethane. Silicone encapsulants are known for their excellent thermal stability, electrical insulation properties, and resistance to weathering and moisture. Epoxy encapsulants, on the other hand, are valued for their high mechanical strength, good adhesion, and excellent chemical resistance. Polyurethane encapsulants are popular for their flexibility, good impact resistance, and excellent performance in extreme temperatures. Each of these materials has its own set of advantages and disadvantages, and their usage depends on the specific requirements of the semiconductor device being manufactured.
Automotive, Consumer Electronics, Others in the Global Semiconductor Grade Encapsulants Market:
The Global Semiconductor Grade Encapsulants Market finds its applications in various sectors such as Automotive, Consumer Electronics, and others. In the automotive industry, encapsulants are used in the manufacturing of various electronic components and systems such as sensors, control units, and infotainment systems. In the consumer electronics sector, encapsulants are used in devices like smartphones, laptops, and televisions to protect the internal semiconductor components. Other sectors where these encapsulants are used include industrial electronics, medical devices, and aerospace and defense. The usage of encapsulants in these sectors is driven by the increasing demand for durable and reliable electronic devices.
Global Semiconductor Grade Encapsulants Market Outlook:
Looking at the market outlook, the Global Semiconductor Grade Encapsulants Market is set for substantial growth. In 2023, the market was valued at US$ 3450 million. However, it is projected to reach a value of US$ 4765.3 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2024 to 2030. The market is dominated by the top three largest players who hold over 30% of the market share. Other key players in the market include ShinEtsu Chemical, Nagase, and CHT Group.
| Report Metric | Details |
| Report Name | Semiconductor Grade Encapsulants Market |
| Accounted market size in 2023 | US$ 3450 million |
| Forecasted market size in 2030 | US$ 4765.3 million |
| CAGR | 4.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Henkel, Dow Corning, Shin-Etsu Chemical, Momentive, Element Solutions, Nagase, CHT Group, H.B. Fuller, Wacker Chemie AG, Elkem Silicones, Elantas, Lord, Showa Denka, Namics Corporation, Won Chemical, Panacol |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
