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.
Based on chemistry, the epoxy segment is projected to lead the encapsulants market during the forecast period from 2017 to 2022. The properties of epoxy encapsulants include low cure shrinkage, compatibility with most materials, strength & durability, adhesion, resistance to corrosion & chemicals, and good electrical insulation. These properties make them suitable for many consumer and industrial applications.
