[FURL=https://www.industryarc.com/Research/Liquid-Encapsulation-Market-Research-505434?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Liquid Encapsulation Market[/FURL] 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.
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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Liquid Encapsulation Market Segment Analysis – By Geography
Asia-Pacific (APAC) dominated the Liquid Encapsulation market in 2020 with a market share of 33.6%, followed by North America and Europe owing to the presence of large number of players and high adoption of consumer electronics and semiconductors in this region. Furthermore, increasing demand for sensor devices, wireless technologies, and optoelectronics has increased the adoption of encapsulation method and this is set to drive the market in this region. Additionally, APAC countries such as South Korea, Taiwan, China and Japan are expected to provide ample opportunities for the growth of the liquid encapsulation materials market in the region due to up surging telecommunication and electronics sector in these countries, which is likely to drive the growth of the global liquid encapsulation market.
Liquid Encapsulation Market Drivers
Increasing trend for miniaturized devices in semiconductor
Increasing demand for sensors
Liquid Encapsulation top 10 companies include 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., Ltd, Henkel AG & Co., KgaA, Kyocera Corporation, Nagese & Co., Ltd, and others.
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