Epoxy Molding Compound Market by Type, Technology, Product, Application, End Users

List of Tables

[198 Pages Report] The Epoxy Molding Compound Market size was estimated at USD 2.37 billion in 2023 and expected to reach USD 2.52 billion in 2024, at a CAGR 6.67% to reach USD 3.73 billion by 2030.

Epoxy molding compound (EMC) is a semiconductor encapsulant used to manufacture integrated circuits and other electronic components. It is made from a type of plastic called epoxy resin, known for its excellent electrical insulation and thermal stability. EMC protects delicate electronic parts from environmental damage, mechanical stress, and heat. Increasing demand for electronic devices such as laptops, smartphones, and tablets is driving the demand for epoxy molding compounds. The rising development of high-performance and miniaturized electronics is expanding the demand for EMCs. The automotive sector has seen significant advancements with the increasing integration of electronics in vehicles, including entertainment systems, safety features, and autonomous driving technologies. EMCs are widely used in these applications due to their reliability and protective qualities. The availability of alternative technologies and environmental concerns with the production and disposal of EMCs hampers the market growth. Growing technological advancements in epoxy molding compounds with improved performance are expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.37 billion
Estimated Year [2024]	USD 2.52 billion
Forecast Year [2030]	USD 3.73 billion
CAGR (%)	6.67%

Regional Insights

In the Americas, the epoxy molding compound market has been influenced significantly by the demand from the electronics and automotive sectors. Major electronics manufacturers and a robust automotive industry that utilizes epoxy compounds for encapsulating components create a platform for the epoxy molding compound market in the Americas. The market is characterized by a strong focus on innovation and the development of environmentally friendly and high-performance materials. The APAC region is the largest and fastest-growing market for epoxy molding compounds, driven largely by the concentrated electronics manufacturing sectors in China, South Korea, and Taiwan. The demand in APAC is fueled by the production of semiconductor devices, where epoxy molding compounds are used extensively due to their effective insulating properties and durability. Additionally, the push towards miniaturization of electronic components in smartphones and other compact electronics further propels the demand for high-quality epoxy molding compounds. The EMEA region shows a diversified market landscape, with a strong presence in automotive and electronic applications similar to the Americas. This region benefits from technological advancements and a well-established industrial base. The Middle East and Africa are expected to grow, spurred by urban development and increasing industrialization.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Epoxy Molding Compound Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing production of semiconductor and electronic devices
- Expanding applications of ECM in automotive and aerospace sectors

Market Restraints
- High cost of advanced epoxy molding compounds

Market Opportunities
- Rising advancements in production technologies for epoxy molding compounds
- Increasing focus on creating customized epoxy molding solutions

Market Challenges
- Availability of wide alternative technologies

Market Segmentation Analysis
- Type: Growing usage of cresol epoxy molding compound for manufacturing semiconductor encapsulation
- End Users: High potential for epoxy molding compounds in the aerospace sector to withstand extreme temperatures

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Epoxy Molding Compound Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Epoxy Molding Compound Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

KCC Corporation to Achieve Full Ownership of Momentive in Strategic Acquisition

KCC Corporation, the majority shareholder of Momentive Performance Materials Group, is set to acquire complete ownership by purchasing the remaining shares from minority shareholder SJL Partners LLC. This acquisition underscores KCC Corporation's commitment to enhancing its product offerings and expanding its market footprint. [Published On: 2024-04-04]

Bakelite Synthetics Strategically Expands with the Acquisition of LRBG Chemicals

Bakelite Synthetics announced its plan to acquire LRBG Chemicals, Inc. This acquisition is poised to enhance Bakelite Synthetics' product portfolio and customer base, reaffirming its commitment to growth and sustainable innovation. The integration will increase Bakelite's operational footprint, particularly in Canada and the northeastern U.S., synergizing LRBG's customer-centric research and development with Bakelite's tailored product offerings. [Published On: 2023-08-28]

KCC Expands Production of Critical Semiconductor-Sealing Epoxy Molding Compound

KCC Corporation is intensifying its presence in the semiconductor industry by expanding its production facilities for epoxy molding compounds (EMC). On Tuesday, a safety ceremony was conducted at their Anseong plant in Gyeonggi Province, marking the inauguration of a new EMC production line. This expansion increases the plant's capacity to 2,400 tons annually. [Published On: 2023-07-13]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Epoxy Molding Compound Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Epoxy Molding Compound Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Akzo Nobel N.V, ASE Group, Bakelite Synthetics group, BASF SE, Caplinq Corporation, Dupont De Nemours, Inc., Eternal Materials Co., Ltd., Hexion Inc., Hitachi Chemical Co., Ltd., Huntsman Corporation, KCC Corporation, Kyocera Corporation, LG Chem Ltd., Panasonic Corporation, PPG Industries, Inc., Resonac Group Companies, Sanyu Rec Co., Ltd., Saudi Basic Industries Corporation, Shin-Etsu Chemical Co., Ltd., Sumitomo Bakelite Co., Ltd., and Tanaka Holdings Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Epoxy Molding Compound Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Cresol Epoxy Molding Compound
- Novolac Epoxy Molding Compound

Technology
- High-pressure Molding
- Transfer Molding

Product
- Halogen Free Epoxy
- High Thermal Conductivity Epoxy
- Multifunctional Epoxy
- Normal Epoxy

Application
- Encapsulation
- Underfill Materials

End Users
- Aerospace
- Automotive
- Electronics
- Telecommunication

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-99555D55055F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing production of semiconductor and electronic devices
  - 5.1.1.2. Expanding applications of ECM in automotive and aerospace sectors
- 5.1.2. Restraints
  - 5.1.2.1. High cost of advanced epoxy molding compounds
- 5.1.3. Opportunities
  - 5.1.3.1. Rising advancements in production technologies for epoxy molding compounds
  - 5.1.3.2. Increasing focus on creating customized epoxy molding solutions
- 5.1.4. Challenges
  - 5.1.4.1. Availability of wide alternative technologies
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing usage of cresol epoxy molding compound for manufacturing semiconductor encapsulation
- 5.2.2. End Users: High potential for epoxy molding compounds in the aerospace sector to withstand extreme temperatures
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Epoxy Molding Compound Market, by Type

6.1. Introduction
6.2. Cresol Epoxy Molding Compound
6.3. Novolac Epoxy Molding Compound

7. Epoxy Molding Compound Market, by Technology

7.1. Introduction
7.2. High-pressure Molding
7.3. Transfer Molding

8. Epoxy Molding Compound Market, by Product

8.1. Introduction
8.2. Halogen Free Epoxy
8.3. High Thermal Conductivity Epoxy
8.4. Multifunctional Epoxy
8.5. Normal Epoxy

9. Epoxy Molding Compound Market, by Application

9.1. Introduction
9.2. Encapsulation
9.3. Underfill Materials

10. Epoxy Molding Compound Market, by End Users

10.1. Introduction
10.2. Aerospace
10.3. Automotive
10.4. Electronics
10.5. Telecommunication

11. Americas Epoxy Molding Compound Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Epoxy Molding Compound Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Epoxy Molding Compound Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. KCC Corporation to Achieve Full Ownership of Momentive in Strategic Acquisition
- 14.3.2. Bakelite Synthetics Strategically Expands with the Acquisition of LRBG Chemicals
- 14.3.3. KCC Expands Production of Critical Semiconductor-Sealing Epoxy Molding Compound
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio