Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Liquid Encapsulation Materials Market Outlook

The liquid encapsulation market revenue in 2022 was US$ 1.6 Billion. The market is expected to reach US$ 2.8 Billion by 2033, as it is estimated to grow at a CAGR of 5.1% for 2023 to 2033.

Estimated Year (2023) Market Value

US$ 1.7 Billion

Projected Year (2033) Market Value

US$ 2.8 Billion

CAGR% (2023 to 2033)

5.1%

Top 5 Vendor Market Share

Around 30%

Liquid encapsulation is a technique that involves coating materials like polymer, metal and ceramics on solid or liquid devices to protect them from shock & moisture. Liquid encapsulated materials are used on devices to ensure proper operation and to prevent misconnection between electrical components. Epoxy resin and epoxy modified resin substances are utilized in these encapsulated materials.

Liquid encapsulation market consists 25.4% of the global encapsulation market.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

2018 to 2022 Liquid Encapsulation Market Demand Outlook Compared to 2023 to 2033 Forecast

Liquid encapsulation market is estimated to grow at a CAGR of 5.1% for the forecast period compared to the historic CAGR for the period 2018 to 2022 of 2.7%.

Growing complexity & operability of electronics devices as well as rising trend toward the miniaturized electrical components are the key factors analyzed to accelerate the growth of liquid encapsulation market during the forecast period of 2023 to 2033.

Furthermore, increasing demand for consumer electronic devices, rapidly rising investments in the electronic domain, growing utilization of integrated circuits and introduction of on-chip technologies are providing a lucrative environment for the increased demand for liquid encapsulation technology in the coming future.

Rapidly Rising Trends towards Miniaturized Semiconductor Devices Are Accelerating the Demands for Liquid Encapsulation Technique

Rapidly increasing trend toward miniaturized semiconductor devices is driving up demand for the liquid encapsulation technique. In semiconductor device manufacturing, the liquid encapsulation method is utilized for under filling, cavity filling, advanced packaging, and glob top encapsulation. It improves miniaturized electronic devices by allowing smaller and more complex device structures to be managed without compromising quality.

Electronics and semiconductor devices are made up of small components that must be precisely placed, and this is expected to drive market growth. Furthermore, liquid encapsulation is important in the operation of a device and aids in the prevention of component malfunction in electronic devices leading to the accelerated growth of liquid encapsulation systems.

Sudip Saha
Sudip Saha

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Regional Analysis

North American region is analyzed to dominate the global liquid encapsulation market with the share of 24.4% in 2022 and South Asia Pacific region is growing at the fastest rate in the global liquid encapsulation market with the CAGR of 6.1% during the forecast period of 2022 to 2032.

Increased adoption of liquid encapsulation method for manufacturing sensors, as well as rising application of liquid encapsulation technology to manufacture innovative MEMS (Microelectromechanical) devices like completely spherical micro lenses are the key factors behind the market growth of liquid encapsulation market in the North American region.

Growing demand for sensor devices, wireless technologies and optoelectronics has led to an increase in the usage of encapsulation methods are factors influencing market growth in South Asia Pacific region.

Furthermore, rapid expansion of the telecommunications and electronics industries is a key factor driving the significant increase of the liquid encapsulation market.

Country wise insights

Rising Utilization of Connectivity Modules are Boosting the Growth of Liquid Encapsulation in USA Market

USA region is analyzed to dominate the global liquid encapsulation market with the share of 18.2% in 2022.

This market growth can be attributed to the various factors such as rising consumer demand for increased mobility & wireless connectivity coupled with growing trends towards advanced packaging techniques and so on.

Increasing utilization of Electronic Applications in Automobile Industry Is Providing Lucrative Environment for the Growth of Liquid Encapsulation Market in India

India is growing at the fastest rate with the CAGR of 6.5% in the global liquid encapsulation market, owing to the rising demands for electronics applications in automotive combined with growing investments from private & public firms, upsurge in the consumer electronics market, providing lucrative opportunities for APT protection providers in the region.

Increasing Demand for Luxury Vehicles is driving the Growth of Liquid Encapsulation Market in China

China holds the second largest share of 15.3% in the global liquid encapsulation market due to the increased consumer expenditure on luxury vehicles like cars & two-wheelers, together with favourable government policies encouraging domestic manufacturing activities, providing lucrative environment for the adoption & development of liquid encapsulation technology in the region.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Category wise Insights

Why Epoxy Resins Segment in Liquid Encapsulation Market Holds the Largest Share?

Epoxy Resins segment is analyzed to hold the major share of 37.1% in liquid encapsulation market in 2022, attributed to the widespread use of epoxy resin material for liquid encapsulation, which has properties such as thermal stress resistance and resistance to degradation over time.

Due to its corrosion resistance property this material is frequently used in industrial implementations for liquid encapsulation. Epoxy resins are also utilized to encapsulate integrated circuits. The increasing use of integrated circuits in semiconductor materials and consumer technology applications is expected to drive the market.

Why Integrated Circuit Segment Has the Larger Market Share in the Liquid Encapsulation Market?

Integrated circuit segment is analyzed to dominate the liquid encapsulation market with the share of 35.6% in the liquid encapsulation market owing to the factors such as rising trend towards vehicle electrification along with the growing use of miniaturized chips & integrated circuits and so on.

Competitive Landscape

Increased adoption of technologically advanced electronic devices are arousing the demands for liquid encapsulation.

  • In January 2023, Intel had launched the 4th Gen "Sapphire Rapids" Xeon Scalable processors, the Xeon CPU Max Series (codenamed "Sapphire Rapids HBM"), and the "Ponte Vecchio" data center max series GPU using liquid chip technology.
  • In July 2020, Shin-Etsu Chemical Co., Ltd had launched a new improved type of silicone emulsions with a high level of purification technology. Such advancements are expected to drive the liquid encapsulation market.

Scope of report

Attribute

Details

Market value in 2022

US$ 1.6 Billion

Market CAGR 2023 to 2033

5.1%

Share of top 5 players

Around 30%

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

USD Billion for Value

Key Regions Covered

North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa

Key Countries Covered

USA, Canada, Germany, United kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa

Key Segments Covered

Material, Product and Region

Key Companies Profiled

  • Henkel AG & Company KGaA
  • BASF SE
  • Panasonic Corporation
  • Sanyu Rec Co. Ltd.
  • Hitachi Chemical Co. Ltd.
  • Resin Technical Systems
  • Sumitomo Bakelite Co. Ltd.
  • Kyocera Corporation
  • Nitto Denko Corporation
  • Shin-Etsu Chemical Co. Ltd.

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Liquid Encapsulation Market by Category

By Material:

  • Epoxy resin
  • Epoxy-modified resin
  • Others

By Product:

  • Integrated circuits
  • Sensors
  • Discrete semiconductors
  • Optoelectronics

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

Which are some leading companies which offer liquid encapsulation?

Some leading of the liquid encapsulation are Henkel AG & Company KGaA, BASF SE, Panasonic Corporation and Sanyu Rec Co. Ltd.

Which region is expected to showcase high growth in liquid encapsulation demand?

South Asia Pacific is estimated to have the highest growth for the liquid encapsulation during the forecast period of 6.1%.

What is the driving demands for implementing liquid encapsulation?

Increasing adoption of miniaturized semiconductor devices.

Which material had the largest market share for the Liquid Encapsulation in 2022?

Epoxy resins had the largest market share for the liquid encapsulation of 37.1% in 2022.

Which product has the highest CAGR for the Liquid Encapsulation?

Integrated circuit has the highest CAGR of 35.6% for the forecast period.

Which are the top five countries for Liquid Encapsulation?

USA, Germany, India, United kingdom and China.

What was the market share of South Asia and Pacific region for liquid encapsulation in the year 2022?

The market share of South Asia and Pacific for the year 2022 for the liquid encapsulation was 16.7%.

What was the market share of North American for the year 2022 for liquid encapsulation?

North America had a market share of 24.4% in 2022 for liquid encapsulation.

Which country has the highest CAGR for the forecast period?

India has the highest CAGR for the forecast period, which is 6.5%.

What is the estimated CAGR of liquid encapsulation market during 2018 to 2022?

The estimated CAGR of Liquid Encapsulation market during the period of 2018 to 2022 was 2.7%.

What is the growth rate for North America for liquid encapsulation for the forecast period?

For North America region, the CAGR for the forecast period is estimated to be 4.2% for the liquid encapsulation.

Explore Technology Insights

View Reports

Liquid Encapsulation Market

Schedule a Call