“The encapsulation technique is a process in which primarily materials such as polymers, ceramics, and metals are applied in the form of a solid or liquid on the devices. One of the major reasons for choosing the encapsulation technique for devices is the growing trend of miniaturization, where smaller and complex structures of devices need to be managed without harming the performance of the device. In the liquid encapsulation process, liquid encapsulant materials are implanted on the device to overcome issues such as misconnection of electrical components on devices and to ensure proper functioning of the device. Liquid encapsulation materials or semiconductor encapsulants majorly consist of epoxy resin and epoxy-modified resin materials.
The major drivers for the growth of this market include the growing demand for advanced packaging techniques, increasing demand for consumer electronics products, and growing trend of miniaturization of electronics products. One of the major opportunities for this market is the new growth avenues offered by automotive electronics application in the market. However, the sluggish demand for liquid encapsulants in developed regions such as North America & Europe is restraining the growth of the global liquid encapsulation materials market.
The global liquid encapsulation materials market is projected to grow at a CAGR of 6.7% between 2015 and 2020, from an estimated value of USD 1,011.97 million in 2015 to reach USD 1,397.46 million by 2020. With regard to the various products considered for the market, integrated circuits are estimated to account for more than 75% of the total market till 2020. Similarly, electronics applications are considered to hold the major market share among all the applications till 2020.
The report presents a detailed insight on the global liquid encapsulation materials market and identifies the key trends of various segments of the market with in-depth quantitative and qualitative information. The report segments the global liquid encapsulation materials market on the basis of material, product, application, and geography. Furthermore, it includes market size forecasts in terms of value and trend analysis with respect to the market’s timeline. Detailed geographic insights with respect to major regions such as the Americas, APAC, Europe, and RoW have been provided for the major countries in these regions.
The major players in the global liquid encapsulation materials market are adopting various strategies to expand and consolidate their position in the market. In the global marketplace, the number of established players is growing, which makes it imperative for market players to gain a competitive edge over others. The various strategies adopted by the key players to compete in the global liquid encapsulation materials market include new product developments and mergers & acquisitions among others.
The major players in the global liquid encapsulation materials market are Shin-Etsu Chemical Co., Ltd. (Japan), Sumitomo Bakelite Co., Ltd. (Japan), Hitachi Chemical Co. Ltd. (Japan), Henkel AG and Co. KGaA (Germany), Kyocera Corporation (Japan), Nagase & Co., Ltd. (Japan), Nitto Denko Corporation (Japan), Panasonic Corporation (Japan), BASF Se (Germany), Sanyu Rec Co. Ltd. (Japan), Resin Technical Systems (U.K.), and Epic ”
“TABLE OF CONTENTS
1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 19
1.5 LIMITATIONS 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.2 MARKET SIZE ESTIMATION 22
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 25
2.4 MARKET SIZE ESTIMATION 26
2.4.1 SECONDARY DATA 26
2.4.1.1 Key data from secondary sources 27
2.4.2 PRIMARY DATA 27
2.4.2.1 Key data from primary sources 28
2.4.3 KEY INDUSTRY INSIGHTS 29
2.4.4 ASSUMPTIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 36
4.1 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET EXPECTED TO GROW AT A STABLE RATE TILL 2020 36
4.2 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET – PRODUCT SEGMENT 36
4.3 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, BY APPLICATION 37
4.4 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, USD MILLION (2015) 37
4.5 TAIWAN HELD THE LARGEST SHARE OF THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, 2015 (USD MILLION) 38
4.6 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 39
4.7 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, BY PRODUCT (2015–2020) 39
4.8 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 42
5.2 MARKET SEGMENTATION 42
5.2.1 BY MATERIAL 42
5.2.2 BY PRODUCT 42
5.2.3 BY APPLICATION 43
5.3 MARKET DYNAMICS 43
5.3.1 DRIVERS 44
5.3.1.1 Growing demand for advanced packaging techniques 44
5.3.1.2 Rising demand for consumer electronics products 46
5.3.1.3 Trend of miniaturization of electronic products expected to drive the growth of the liquid encapsulation materials market 46
5.3.2 RESTRAINTS 47
5.3.2.1 Sluggish demand for liquid encapsulants in developed regions such as North America & Europe 47
5.3.3 OPPORTUNITIES 48
5.3.3.1 Automotive electronics application offering new growth avenues for the global liquid encapsulation materials market 48
5.3.4 CHALLENGES 49
5.3.4.1 Recovering the leading position for developed regions in the semiconductor materials industry 49
6 INDUSTRY TRENDS 50
6.1 INTRODUCTION 50
6.2 VALUE CHAIN ANALYSIS 50
6.3 OVERVIEW OF RECENT PATENTS IN LIQUID ENCAPSULATION 51
6.4 STRATEGIC BENCHMARKING 52
6.4.1 MAJOR STRATEGIES ADOPTED BY THE KEY PLAYERS 52
7 MARKET, BY MATERIAL 55
7.1 INTRODUCTION 56
7.1.1 EPOXY RESINS 57
7.1.2 EPOXY-MODIFIED RESINS 57
7.1.3 OTHER MATERIALS 57
8 MARKET, BY PRODUCT 62
8.1 INTRODUCTION 63
8.2 INTEGRATED CIRCUITS 64
8.3 OPTOELECTRONICS 66
8.4 DISCRETE SEMICONDUCTORS 67
8.5 SENSORS 68
9 MARKET, BY APPLICATION 70
9.1 INTRODUCTION 71
9.2 AUTOMOTIVE 73
9.3 INDUSTRIAL 78
9.4 TELECOMMUNICATION 82
9.5 ELECTRONICS 88
10 GEOGRAPHIC ANALYSIS 93
10.1 INTRODUCTION 94
10.2 AMERICAS 99
10.2.1 NORTH AMERICA 104
10.2.1.1 U.S. 106
10.2.1.2 Canada 107
10.2.1.3 Rest of North America 108
10.2.2 SOUTH AMERICA 108
10.3 EUROPE 109
10.3.1 GERMANY 114
10.3.2 U.K. 115
10.3.3 FRANCE 116
10.3.4 ITALY 117
10.3.5 REST OF EUROPE 118
10.4 ASIA-PACIFIC (APAC) 119
10.4.1 JAPAN 124
10.4.2 CHINA 125
10.4.3 TAIWAN 126
10.4.4 SOUTH KOREA 127
10.4.5 REST OF APAC 129
10.5 REST OF THE WORLD 130
10.5.1 MIDDLE EAST 133
10.5.2 AFRICA 134
11 COMPETITIVE LANDSCAPE 135
11.1 OVERVIEW 135
11.2 KEY PLAYERS IN GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET 137
11.3 COMPETITIVE SITUATION AND TRENDS 138
11.3.1 NEW PRODUCT LAUNCHES 140
11.3.2 MERGERS & ACQUISITIONS 141
11.3.3 OTHER DEVELOPMENTS 142
11.3.4 EXPANSIONS 143
11.3.5 JOINT VENTURES 144
12 COMPANY PROFILES 145
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 INTRODUCTION 145
12.2 SUMITOMO BAKELITE CO., LTD. 147
12.3 SHIN-ETSU CHEMICAL CO., LTD 150
12.4 PANASONIC COPORATION 153
12.5 KYOCERA CORPORATION (JAPAN) 156
12.6 HITACHI CHEMICAL CO., LTD. 159
12.7 HENKEL AG AND CO. KGAA 162
12.8 NAGASE & CO., LTD. 164
12.9 NITTO DENKO CORPORATION 166
12.10 BASF SE 168
12.11 EPIC RESINS 170
12.12 RESIN TECHNICAL SYSTEMS 171
12.13 SANYU REC CO., LTD. 172
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
13 APPENDIX 173
13.1 INSIGHTS OF INDUSTRY EXPERTS 173
13.2 DISCUSSION GUIDE 174
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 177
13.4 AVAILABLE CUSTOMIZATIONS 178
13.5 RELATED REPORTS 179
“
“LIST OF TABLES
TABLE 1 GROWING DEMAND FOR ADVANCED PACKAGING TECHNIQUES AND CONSUMER ELECTRONICS PRODUCTS WOULD FUEL THE DEMAND FOR GLOBAL LIQUID ENCAPSULATION MATERIALS 47
TABLE 2 SLUGGISH DEMAND IN EUROPE & THE AMERICAS LIKELY TO RESTRAIN THE GROWTH OF THE LIQUID ENCAPSULATION MATERIALS MARKET 48
TABLE 3 AUTOMOTIVE ELECTRONICS APPLICATION OFFERING NEW GROWTH AVENUES FOR THE LIQUID ENCAPSULATION MATERIALS MARKET 48
TABLE 4 RECOVERING THE LEADING POSITION IN THE WORLD IN SEMICONDUCTOR MATERIALS INDUSTRY PRESENTS THE MAJOR CHALLENGE FOR DEVELOPED REGIONS 49
TABLE 5 RECENT PATENTS RELATED TO LIQUID ENCAPSULATION MATERIALS IN SEMICONDUCTORS 51
TABLE 6 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY MATERIAL,
2013–2020 (USD MILLION) 57
TABLE 7 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY MATERIAL, 2013–2020 (USD MILLION) 58
TABLE 8 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY MATERIAL,
2013–2020 (USD MILLION) 59
TABLE 9 APAC: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,BY MATERIAL,
2013–2020 (USD MILLION) 60
TABLE 10 ROW: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,BY MATERIAL,
2013–2020 (USD MILLION) 61
TABLE 11 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, BY PRODUCT,
2013–2020 (USD MILLION) 63
TABLE 12 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET FOR INTEGRATED CIRCUITS, BY REGION 2013–2020 (USD MILLION) 65
TABLE 13 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET FOR OPTOELECTRONICS,
BY REGION 2013–2020 (USD MILLION) 66
TABLE 14 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET FOR DISCRETE SEMICONDUCTORS, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 15 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET SIZE FOR SENSORS,
BY REGION, 2013–2020 (USD MILLION) 69
TABLE 16 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 72
TABLE 17 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2013–2020 (USD MILLION) 73
TABLE 18 NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET FORAUTOMOTIVE APPLICATION, 2013–2020 (USD MILLION) 74
TABLE 19 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET FOR AUTOMOTIVE APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 75
TABLE 20 APAC: LIQUID ENCAPSULATION MATERIALS MARKET FOR BY AUTOMOTIVE APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 76
TABLE 21 ROW: LIQUID ENCAPSULATION MATERIALS MARKET FOR AUTOMOTIVE APPLICATION, BY REGION, 2013–2020 (USD MILLION) 77
TABLE 22 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2013–2020 (USD MILLION) 78
TABLE 23 NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 79
TABLE 24 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 80
TABLE 25 APAC: LIQUID ENCAPSULATION MATERIALS MARKET FOR INDUSTRIAL APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 81
TABLE 26 ROW: LIQUID ENCAPSULATION MATERIALS MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2013–2020 (USD MILLION) 82
TABLE 27 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKETFOR TELECOMMUNICATION APPLICATION, BY REGION, 2013–2020 (USD MILLION) 83
TABLE 28 NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET FOR TELECOMMUNICATION APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 84
TABLE 29 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET FOR TELECOMMUNICATION APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 85
TABLE 30 APAC: LIQUID ENCAPSULATION MATERIALS MARKET FOR TELECOMMUNICATION APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 86
TABLE 31 ROW: LIQUID ENCAPSULATION MATERIALS MARKET FOR TELECOMMUNICATION APPLICATION, BY REGION,2013–2020 (USD MILLION) 87
TABLE 32 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET FOR ELECTRONICS APPLICATION, BY REGION, 2013–2020 (USD MILLION) 88
TABLE 33 NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET FOR ELECTRONICS APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 89
TABLE 34 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET FOR ELECTRONICS APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 90
TABLE 35 APAC: LIQUID ENCAPSULATION MATERIALS MARKET FOR ELECTRONICS APPLICATION, BY COUNTRY, 2013–2020 (USD MILLION) 91
TABLE 36 ROW: LIQUID ENCAPSULATION MATERIALS MARKET FOR ELECTRONICS APPLICATION, BY REGION, 2013–2020 (USD MILLION) 92
TABLE 37 COUNTRY-WISE RANKING IN TERMS OF SEMICONDUCTOR EXPORT MARKETS (2015) 97
TABLE 38 SEMICONDUCTOR MANUFACTURING EQUIPMENT EXPORT MARKETS (2015) 98
TABLE 39 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 98
TABLE 40 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 101
TABLE 41 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY PRODUCT, 2013–2020 (USD MILLION) 102
TABLE 42 AMERICAS: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 103
TABLE 43 NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY COUNTRY, 2013–2020 (USD MILLION) 104
TABLE 44 NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 105
TABLE 45 U.S.: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 106
TABLE 46 CANADA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 107
TABLE 47 REST OF NORTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 108
TABLE 48 SOUTH AMERICA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 109
TABLE 49 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 111
TABLE 50 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY PRODUCT,
2013–2020 (USD MILLION) 112
TABLE 51 EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 113
TABLE 52 GERMANY: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 114
TABLE 53 U.K.: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 115
TABLE 54 FRANCE: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 116
TABLE 55 ITALY: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 117
TABLE 56 REST OF EUROPE: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 118
TABLE 57 APAC: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 121
TABLE 58 APAC: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY PRODUCT,
2013–2020 (USD MILLION) 122
TABLE 59 APAC: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 123
TABLE 60 JAPAN: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 124
TABLE 61 CHINA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 125
TABLE 62 TAIWAN: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 126
TABLE 63 SOUTH KOREA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 128
TABLE 64 REST OF APAC: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 129
TABLE 65 ROW: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 131
TABLE 66 ROW: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY PRODUCT,
2013–2020 (USD MILLION) 132
TABLE 67 ROW: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 132
TABLE 68 MIDDLE EAST: LIQUID ENCAPSULATION MATERIALS MARKET SIZE,
BY APPLICATION, 2013–2020 (USD MILLION) 133
TABLE 69 AFRICA: LIQUID ENCAPSULATION MATERIALS MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 134
TABLE 70 REVENUE OF MAJOR PLAYERS, USD MILLION (2012–2014) 136
TABLE 71 MAJOR PLAYERS IN THE GLOBAL LIQUID ENCAPSULATION MATERIALS
MARKET, 2014 137
TABLE 72 NEW PRODUCT LAUNCHES, 2011–2015 141
TABLE 73 MERGERS AND ACQUISITIONS (2012–2015) 142
TABLE 74 OTHER DEVELOPMENTS (2012–2013) 142
TABLE 75 EXPANSIONS (2011–2013) 143
TABLE 76 JOINT VENTURES (2014-2015) 144
“
“LIST OF FIGURES
FIGURE 1 MARKETS COVERED 17
FIGURE 2 RESEARCH DESIGN 21
FIGURE 3 BOTTOM-UP APPROCH 22
FIGURE 4 TOP-DOWN APPROCH 23
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 24
FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION 25
FIGURE 7 FLOW OF REPORT WRITING 26
FIGURE 8 ASSUMPTIONS OF THE RESEARCH STUDY 30
FIGURE 9 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET SNAPSHOT,
USD MILLION (2015–2020) 31
FIGURE 10 EPOXY RESIN ESTIMATED TO HOLD THE MAJOR MARKET SHARE TILL
2020 (USD MILLION) 32
FIGURE 11 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET,
BY APPLICATION (USD MILLION) 33
FIGURE 12 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET SNAPSHOT,
USD MILLION (2015–2020) 34
FIGURE 13 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET 36
FIGURE 14 SENSORS EXPECTED TO GROW AT THE HIGHEST RATE AMONG ALL PRODUCT TYPES BETWEEN 2015 AND 2020 36
FIGURE 15 ELECTRONICS APPLICATION LIKELY TO DOMINATE THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET TILL 2020 37
FIGURE 16 APAC ACCOUNTED FOR ~68% OF THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, 2015 37
FIGURE 17 TAIWAN ESTIMATED TO ACCOUNT FOR OVER A SHARE OF ONE-FOURTH IN THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, 2015 38
FIGURE 18 EPOXY RESIN IS EXPECTED TO HOLD THE MAJOR SHARE OF THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET TILL 2020 39
FIGURE 19 INTEGRATED CIRCUITS IS EXPECTED TO DOMINATE THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET IN 2015 39
FIGURE 20 APAC EXPECTED TO LEAD THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET BY 2020 40
FIGURE 21 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, BY PRODUCT 42
FIGURE 22 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, BY APPLICATION 43
FIGURE 23 INCREASNG ADOPTION OF BETTER PACKAGING TECHNIQUES IS DRIVING THE GROWTH OF THE LIQUID ENCAPSULATION MATERIALS MARKET 44
FIGURE 24 SURGE IN SEMICONDUCTOR MATERIALS MARKET IS EXPECTED TO DRIVE THE GROWTH IN LIQUID ENCAPSULATION MATERIALS MARKET 45
FIGURE 25 VALUE CHAIN ANALYSIS 50
FIGURE 26 NEW PRODUCT DEVELOPMENT: THE MAJOR STRATEGY ADOPTED BY MARKET PLAYERS 53
FIGURE 27 KEY MERGERS & ACQUISITIONS BETWEEN 2012 AND 2014 54
FIGURE 28 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET,
BY MATERIAL (2015–2020) 56
FIGURE 29 EPOXY RESIN EXPECTED TO HOLD THE MAJOR SHARE IN THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 58
FIGURE 30 EPOXY-MODIFIED RESIN EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2015 AND 2020 60
FIGURE 31 APAC LIKELY TO LEAD THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET BY 2020 61
FIGURE 32 INTEGRATED CIRCUITS HOLDS THE LARGEST SHARE OF THE LIQUID ENCAPSULATION MATERIALS MARKET, 2015 63
FIGURE 33 INTEGRATED CIRCUITS EXPECTED TO DOMINATE THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, BY PRODUCT (2015–2020) 64
FIGURE 34 APAC LIKELY TO GROW AT THE HIGHEST RATE FOR INTEGRATED CIRCUITS IN THE LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 65
FIGURE 35 APAC ESTIMATED TO HOLD THE MAJOR MARKET SHARE FOR OPTOELECTRONICS IN THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 67
FIGURE 36 APAC LIKELY TO HOLD THE MAJOR SHARE FOR DISCRETE SEMICONDUCTORS IN THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 68
FIGURE 37 GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET,
BY APPLICATION (2015–2020) 71
FIGURE 38 ELECTRONICS APPLICATION EXPECTED TO LEAD THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET BETWEEN 2015 AND 2020 (USD MILLION) 72
FIGURE 39 NORTH AMERICA EXPECTED TO HOLD THE MAJOR MARKET SHARE FOR THE AUTOMOTIVE APPLICATION, USD MILLION (2015–2020) 74
FIGURE 40 THE U.S. LIKELY TO DOMINATE THE AUTOMOTIVE APPLICATION IN NORTH AMERICA, USD MILLION (2015–2020) 75
FIGURE 41 GERMANY EXPECTED TO HOLD THE MAJOR MARKET SHARE FOR THE AUTOMOTIVE APPLICATION IN EUROPE, USD MILLION (2015–2020) 76
FIGURE 42 JAPAN LIKELY TO HOLD THE MAJOR MARKET SHARE FOR THE AUTOMOTIVE APPLICATION IN APAC, USD MILLION (2015–2020) 77
FIGURE 43 NORTH AMERICA EXPECTED TO LEAD THE INDUSTRIAL APPLICATION,
USD MILLION (2013–2020) 79
FIGURE 44 THE U.S. LIKELY TO ACCOUNT FOR ~96% OF THE INDUSTRIAL APPLICATION IN 2015, USD MILLION 80
FIGURE 45 THE U.K. EXPECTED TO LEAD THE EUROPEAN LIQUID ENCAPSULATION MATERIALS MARKET FOR THE INDUSTRIAL APPLICATION (2015–2020) 81
FIGURE 46 TAIWAN EXPECTED TO HOLD THE MAJOR MARKET SHARE FOR THE INDUSTRIAL APPLICATION BY 2020 82
FIGURE 47 NORTH AMERICA LIKELY TO GROW AT THE HIGHEST RATE BETWEEN
2015 AND 2020, USD MILLION 83
FIGURE 48 THE U.S. EXPECTED TO LEAD THE TELECOMMUNICATION APPLICATION MARKET
BY 2020, USD MILLION (2015–2020) 84
FIGURE 49 THE U.K. EXPECTED TO DOMINATE THE MARKET FOR TELECOMMUNICATION APPLICATION (2013–2020) 86
FIGURE 50 TAIWAN EXPECTED TO HOLD THE MAJOR MARKET SHARE FOR THE TELECOMMUNICATION APPLICATION IN APAC (2015–2020) 87
FIGURE 51 NORTH AMERICA EXPECTED TO HOLD THE MAJOR MARKET SHARE FOR THE ELECTRONICS APPLICATION, USD MILLION (2015–2020) 89
FIGURE 52 U.S. EXPECTED TO DOMINATE THE ELECTRONICS APPLICATION,
USD MILLION (2015–2020) 90
FIGURE 53 U.K. EXPECTED TO LEAD THE ELECTRONICS APPLICATION IN THE EUROPEAN LIQUID ENCAPSULATION MATERIALS MARKET (USD MILLION) 91
FIGURE 54 TAIWAN EXPECTED TO LEAD THE ELECTRONICS APPLICATION MARKET,
USD MILLION (2015–2020) 92
FIGURE 55 GEOGRAPHIC SNAPSHOT OF GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 95
FIGURE 56 APAC: AN ATTRACTIVE DESTINATION FOR GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 96
FIGURE 57 APAC LIKELY TO ACCOUNT FOR MORE THAN 65% OF THE GLOBAL LIQUID ENCAPSULATION MATERIALS MARKET, 2015 (USD MILLION) 99
FIGURE 58 AMERICAS MARKET SNAPSHOT – NORTH AMERICA IS LIKELY TO LEAD THE LIQUID ENCAPSULATION MATERIALS MARKET, 2015–2020 (USD MILLION) 100
FIGURE 59 NORTH AMERICA LIKELY TO HOLD THE MAJOR MARKET SHARE IN THE AMERICAS TILL 2020 (USD MILLION) 101
FIGURE 60 INTEGRATED CIRCUITS EXPECTED TO HOLD THE MAJOR MARKET SHARE OF THE OVERALL PRODUCT MARKET OF AMERICAS TILL 2020 (USD MILLION) 102
FIGURE 61 ELECTRONICS APPLICATION EXPECTED TO LEAD THE AMERICAS MARKET TILL 2020 (USD MILLION) 103
FIGURE 62 U.S. LIKELY TO HOLD THE MAJOR SHARE IN THE NORTH AMERICAN LIQUID ENCAPSULATION MATERIALS MARKET, 2015 (USD MILLION) 104
FIGURE 63 TELECOMMUNICATION APPLICATION EXPECTED TO GROW AT THE HIGHEST RATE IN THE NORTH AMERICAN LIQUID ENCAPSULATION MATERIALS MARKET
(2015–2020) 105
FIGURE 64 ELECTRONICS APPLICATION EXPECTED TO HOLD THE MAJOR SHARE OF
THE U.S. MARKET TILL 2020 (USD MILLION) 106
FIGURE 65 CANADA MARKET SNAPSHOT – APPLICATION SEGMENT, 2015 (USD MILLION) 107
FIGURE 66 EUROPEAN MARKET SNAPSHOT – GERMANY LIKELY TO LEAD THE LIQUID ENCAPSULATION MATERIALS MARKET, 2015–2020 (USD MILLION) 110
FIGURE 67 GERMAN MARKET EXPECTED TO GROW AT THE HIGHEST RATE IN THE EUROPEAN LIQUID ENCAPSULATION MATERIALS MARKET (2015–2020) 111
FIGURE 68 SENSORS EXPECTED TO GROW AT THE HIGHEST RATE IN THE EUROPEAN LIQUID ENCAPSULATION MATERIALS MARKET, USD MILLION (2015–2020) 112
FIGURE 69 AUTOMOTIVE APPLICATION EXPECTED TO HOLD THE MAJOR MARKET SHARE OF THE EUROPEAN LIQUID ENCAPSULATION MATERIALS MARKET TILL
2020 (USD MILLION) 113
FIGURE 70 AUTOMOTIVE APPLICATION EXPECTED TO LEAD THE GERMAN LIQUID ENCAPSULATION MATERIAL MARKET TILL 2020 (USD MILLION) 115
FIGURE 71 INDUSTRIAL APPLICATION EXPECTED TO HOLD THE MAJOR MARKET SHARE OF THE U.K. MARKET TILL 2020 (USD MILLION) 116
FIGURE 72 AUTOMOTIVE APPLICATION EXPECTED TO HOLD THE MAJOR SHARE IN ITALIAN LIQUID ENCAPSULATION MATERIALS MARKET, 2015 (USD MILLION) 118
FIGURE 73 APAC MARKET SNAPSHOT – TAIWAN LIKELY TO LEAD THE LIQUID ENCAPSULATION MATERIALS MARKET, 2015–2020 (USD MILLION) 120
FIGURE 74 TAIWAN EXPECTED TO HOLD THE MAJOR SHARE OF THE LIQUID ENCAPSULATION MATERIALS MARKET OF APAC, 2015–2020 (USD MILLION) 121
FIGURE 75 INTEGRATED CIRCUITS IS ESTIMATED TO HOLD THE MAJOR MARKET SHARE IN LIQUID ENCAPSULATION MATERIALS MARKET OF APAC (USD MILLION) 122
FIGURE 76 ELECTRONICS APPLICATION LIKELY TO HOLD THE MAJOR SHARE OF THE LIQUID ENCAPSULATION MATERIALS MARKET IN APAC, 2013–2020 (USD MILLION) 123
FIGURE 77 ELECTRONICS APPLICATION LIKELY TO HOLD THE MAJOR MARKET SHARE IN JAPANESE LIQUID ENCAPSULATION MATERIALS MARKET (USD MILLION) 125
FIGURE 78 TELECOMMUNICATION APPLICATION EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2015 AND 2020 (USD MILLION) 127
FIGURE 79 ELECTRONICS APPLICATION ESTIMATED TO HOLD THE MAJOR MARKET SHARE BETWEEN 2015 AND 2020 (USD MILLION) 128
FIGURE 80 REST OF THE WORLD MARKET SNAPSHOT – MIDDLE EAST LIKELY TO LEAD THE LIQUID ENCAPSULATION MATERIALS MARKET, 2013–2020 (USD MILLION) 130
FIGURE 81 MIDDLE EAST EXPECTED TO HOLD THE MAJOR MARKET SHARE TILL
2020 (USD MILLION) 131
FIGURE 82 ELECTRONICS APPLICATION ESTIMATED TO LEAD IN THE ROW REGION,
2015 (USD MILLION) 133
FIGURE 83 ELECTRONICS APPLICATION ESTIMATED TO HOLD THE MAJOR MARKET SHARE TILL 2020 (USD MILLION) 134
FIGURE 84 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS THE KEY GROWTH STRATEGY BETWEEN 2012 AND 2015 135
FIGURE 85 PANASONIC CORPORATION REGISTERED COMPARATIVELY HIGHER GROWTH RATE BETWEEN 2012 AND 2014 136
FIGURE 86 MARKET EVOLUTION FRAMEWORK—NEW PRODUCT DEVELOPMENT WAS THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS 139
FIGURE 87 BATTLE FOR MARKET RANKING: NEW PRODUCT DEVELOPMENTS AND MERGERS & ACQUISITIONS—THE KEY GROWTH STRATEGIES 140
FIGURE 88 GEOGRAPHIC REVENUE MIX OF THE MAJOR MARKET PLAYERS 145
FIGURE 89 COMPETITIVE BENCHMARKING OF THE MAJOR MARKET PLAYERS (2012–2014): PANASONIC CORPORATION HAD A COMPARATIVELY HIGHER GROWTH RATE OWING TO ITS DIVERSIFIED PRODUCT PORTFOLIO IN LIQUID ENCAPSULATION 146
FIGURE 90 SUMITOMO BAKELITE CO., LTD.: COMPANY SNAPSHOT 147
FIGURE 91 SUMITOMO BAKELITE CO., LTD.: SWOT ANALYSIS 149
FIGURE 92 SHIN-ETSU CHEMICAL CO., LTD: COMPANY SNAPSHOT 150
FIGURE 93 SHIN-ETSU CHEMICAL CO., LTD: SWOT ANALYSIS 152
FIGURE 94 PANASONIC CORPORATION: COMPANY SNAPSHOT 153
FIGURE 95 PANASONIC CORPORATION: SWOT ANALYSIS 155
FIGURE 96 KYOCERA CORPORATION: COMPANY SNAPSHOT 156
FIGURE 97 KYOCERA CORPORATION: SWOT ANALYSIS 158
FIGURE 98 HITACHI CHEMICAL CO., LTD.: COMPANY SNAPSHOT 159
FIGURE 99 HITACHI CHEMICAL CO., LTD.: SWOT ANALYSIS 161
FIGURE 100 HENKEL AG AND CO. KGAA: COMPANY SNAPSHOT 162
FIGURE 101 NAGASE & CO., LTD.: COMPANY SNAPSHOT 164
FIGURE 102 NITTO DENKO CORPORATION: COMPANY SNAPSHOT 166
FIGURE 103 BASF SE: COMPANY SNAPSHOT 168
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