Focus on Prolonged Durability of Electronic Components fuels Growth

Posted by mandar on March 16th, 2021

The growth of encapsulation resins market is poised to be slow yet steady in the forthcoming years. Key factors fuelling growth in encapsulation resins market include expansion in consumer electronics, aerospace, and industrial sectors. With ceaseless use of electronic devices, need for mechanical protection of insulated printed circuit boards continues to rise. This entails use of encapsulation resins for consumer electronics. Function-wise, encapsulation resins envelope the entire device, serving to be a complete barrier for the device from external environment. 

Besides this, innovations in electronic products such as electronics for marine environments boosts demand of protection solutions. Manufacturers of electronics for marine environments prefer using epoxy resins for protection of the same. Marine electronics such as LED lights on ship decks, under-water cables, and sensor devices use encapsulation resins for protection purpose. Epoxy resins, for example, find wide use for encapsulation of marine electronics. 

Transparency Market Research, in one of its recent market publications estimates the global encapsulation resins market to expand at a slow 3.2% CAGR from 2017 to 2026. Expanding at this pace, the global encapsulation resins market is predicted to attain a valuation of US,757.6 mn by 2026. 

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Featuring Notable Material Properties, Potting Encapsulation Products Underscore Expanded Applications 

The encapsulation resins market witness varying adoption trends. For electronics, type of encapsulation resin used is subjective. For example, to protect sensitive electronic components, manufacturers are focused on using potting resins. Potting resins display dielectric properties, mechanical strength, thermal conductivity, shock resistance, chemical resistance, and hardness accounting for continued preference of potting compounds for electronic components. 

Apart from this, expansion of energy and power sector is predicted to fuel demand for encapsulation resins. Encapsulation resins display properties of thermal conductivity too. This makes encapsulation resins suitable for energy and power applications. 

Research and development for enhancing material properties of encapsulation resins also favors growth of encapsulation resins market. 

The healthcare sector is serving to display continual demand for encapsulation resins. Rising uptake of sensitive electronics for medical diagnosis and therapeutics necessitates adequate protection of these devices. This amounts to use of encapsulation resins to prevent damage of sensitive electronic devices for healthcare.