Global PCB Encapsulation Market Size To Worth USD 7.69 Billion By 2033 | CAGR of 8.60%
Category: Chemicals & MaterialsGlobal PCB Encapsulation Market Size To Worth USD 7.69 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global PCB Encapsulation Market Size is Expected to Grow from USD 3.37 Billion in 2023 to USD 7.69 Billion by 2033, at a CAGR of 8.60% during the forecast period 2023-2033.
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Browse key industry insights spread across 235 pages with 99 Market data tables and figures & charts from the report on the "Global PCB Encapsulation Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Epoxy and Acrylic), By Curing Type (UV-Cure, Heat Cure, and Room Temperature Cure), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/press-release/handloom-product-market
The PCB encapsulation market refers to the industry emphasizing protecting printed circuit boards (PCBs) by enclosing them in protective material, like a resin, to shield them from environmental factors such as moisture, dust, chemicals, and physical shock. The shifting inclination towards EVs, autonomous driving, and connected car technologies in the automotive industry, requires robust protection in their PCBs, thereby escalating the market growth opportunities for PCB encapsulation. The increasing need for protection of printed circuit boards (PCBs) from environmental factors such as moisture, dust, and chemicals is driving the market for PCB encapsulation. The evolving demand for advanced, reliable, and resilient electronic components in the semiconductor industry is propelling market growth. However, the high cost of advanced adhesive materials poses challenges to the small and medium-scale manufacturers which is restraining the PCB encapsulation market.
The epoxy segment held the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period.
Based on the resin type, the global PCB encapsulation market is divided into epoxy and acrylic. Among these, the epoxy segment held the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period. Epoxy resin is popularly used for protecting printed circuit boards (PCBs) since it is robust, long-lasting, and adheres well. The increasing epoxy resin demand in PCB encapsulation is driving the market growth.
The UV-cure segment held the largest market share in 2023 and is anticipated to witness the fastest CAGR growth during the forecast period.
Based on the curing type, the global PCB encapsulation market is divided into UV-cure, heat cure, and room temperature cure. Among these, the UV-cure segment held the largest market share in 2023 and is anticipated to witness the fastest CAGR growth during the forecast period. UV-curing encapsulation quickly cures a resin or coating by using ultraviolet light. The market is expanding due to the effectiveness, performance, and adaptability of UV-cure PCB encapsulation.
Asia Pacific is projected to hold the largest share of the global PCB encapsulation market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global PCB encapsulation market over the forecast period. The increasing demand for electronic devices, automotive electronics, and smart devices with rapid industrialization, urbanization, and rising disposable income is driving the market growth. Further, the increasing need for PCBs from consumer electronics, automotive, and industrial applications is propelling the market demand.
North America is predicted to grow at the fastest CAGR in the PCB encapsulation market over the forecast period. The growing demand for advanced electronics in the automotive, healthcare and telecommunication sectors is driving the market demand for PCB encapsulation. Further, the increasing need for high-performance PCBs from the aerospace and defense sector is propelling the market.
Major key players in the PCB encapsulation market include Henkel AG & Co. KGaA, H.B. Fuller Company, Parker-Hannifin Corporation, Dow, DuPont, Nagase ChemteX Corporation, Huntsman International LLC, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Panacol-Elosol GmbH, Dymax, Panacol-Elosol GmbH, Chase Corporation, MG Chemicals, Master Bond, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2024, Henkel announced the commercialization of Loctite Stycast CC 8555, a conformal coating designed to protect electronics in extreme environments. This addition to the company’s conformal coating portfolio delivers printed circuit board (PCB) and sensitive component protection in challenging, high-power applications such as motor drives, PLCs, EV charging infrastructure, AC/DC power supplies, and other high-voltage electronics.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global PCB encapsulation market based on the below-mentioned segments:
Global PCB Encapsulation Market, By Resin Type
- Epoxy
- Acrylic
Global PCB Encapsulation Market, By Curing Type
- UV-Cure
- Heat Cure
- Room Temperature Cure
Global PCB Encapsulation Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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