| Product Code: ETC4509565 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In 2024, India`s encapsulants import market continued to see steady growth with a CAGR of 8.09% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 at -3.43%, the market remained resilient. Key exporting countries to India included China, Singapore, Germany, Netherlands, and South Korea. The market displayed moderate concentration with the Herfindahl-Hirschman Index (HHI) in 2024. This data indicates a stable and competitive environment in the encapsulants import sector, with potential for further expansion and diversification in the coming years.

The encapsulants market in India is experiencing growth, primarily due to its use in protecting electronic components and photovoltaic modules. Encapsulants are crucial for safeguarding delicate electronic and solar components from environmental factors. As India electronics and renewable energy sectors continue to expand, the demand for encapsulants is projected to remain robust.
The India Encapsulants market is experiencing steady growth due to the rapid expansion of the electronics and electrical industries. As consumer electronics become more compact and complex, the need for protecting sensitive components from moisture, dust, and physical damage is crucial. Encapsulants play a vital role in safeguarding these electronics. Additionally, the renewable energy sector is booming in India, with solar panels and wind turbines requiring encapsulation for long-term durability and efficiency. The emphasis on product quality and environmental sustainability is also encouraging the use of advanced encapsulant materials in various applications.
The encapsulants market in India confronts challenges such as ensuring the durability and reliability of encapsulation materials, especially in harsh environmental conditions. Ensuring that encapsulated components remain protected over extended periods and in varying temperature and humidity conditions is a key challenge.
The encapsulants market in India may have seen fluctuations in demand during the pandemic. Industries relying on encapsulation materials, such as electronics and automotive, may have experienced supply chain disruptions, leading to a temporary slowdown. However, the long-term demand for encapsulants, especially in electronics, remains strong due to technological advancements.
In India encapsulants market, major players such as Dow, Henkel, H.B. Fuller, Huntsman Corporation, and Master Bond play significant roles. These companies offer a wide array of encapsulant solutions catering to industries like electronics, solar, and automotive. Their emphasis on providing reliable, high-quality encapsulation materials and customization capabilities reinforces their status as leading providers in the India encapsulants sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Encapsulants Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Encapsulants Market Revenues & Volume, 2021 & 2031F |
3.3 India Encapsulants Market - Industry Life Cycle |
3.4 India Encapsulants Market - Porter's Five Forces |
3.5 India Encapsulants Market Revenues & Volume Share, By Chemistry, 2021 & 2031F |
3.6 India Encapsulants Market Revenues & Volume Share, By Curing Type, 2021 & 2031F |
3.7 India Encapsulants Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 India Encapsulants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronics and electrical components in India |
4.2.2 Growth in the automotive and renewable energy sectors |
4.2.3 Rising investments in research and development activities for advanced encapsulant materials |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent environmental regulations impacting manufacturing processes |
4.3.3 Intense competition from substitute materials |
5 India Encapsulants Market Trends |
6 India Encapsulants Market, By Types |
6.1 India Encapsulants Market, By Chemistry |
6.1.1 Overview and Analysis |
6.1.2 India Encapsulants Market Revenues & Volume, By Chemistry, 2021-2031F |
6.1.3 India Encapsulants Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.4 India Encapsulants Market Revenues & Volume, By Silicone, 2021-2031F |
6.1.5 India Encapsulants Market Revenues & Volume, By Urethane, 2021-2031F |
6.2 India Encapsulants Market, By Curing Type |
6.2.1 Overview and Analysis |
6.2.2 India Encapsulants Market Revenues & Volume, By Room Temperature, 2021-2031F |
6.2.3 India Encapsulants Market Revenues & Volume, By Heat Temperature, 2021-2031F |
6.2.4 India Encapsulants Market Revenues & Volume, By UV, 2021-2031F |
6.3 India Encapsulants Market, By End Use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Encapsulants Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.3.3 India Encapsulants Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 India Encapsulants Market Revenues & Volume, By Medical, 2021-2031F |
6.3.5 India Encapsulants Market Revenues & Volume, By Energy & Power, 2021-2031F |
7 India Encapsulants Market Import-Export Trade Statistics |
7.1 India Encapsulants Market Export to Major Countries |
7.2 India Encapsulants Market Imports from Major Countries |
8 India Encapsulants Market Key Performance Indicators |
8.1 Number of patents filed for new encapsulant technologies |
8.2 Percentage of electronics manufacturers using advanced encapsulant materials |
8.3 Rate of adoption of encapsulant technologies in the solar energy sector |
9 India Encapsulants Market - Opportunity Assessment |
9.1 India Encapsulants Market Opportunity Assessment, By Chemistry, 2021 & 2031F |
9.2 India Encapsulants Market Opportunity Assessment, By Curing Type, 2021 & 2031F |
9.3 India Encapsulants Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 India Encapsulants Market - Competitive Landscape |
10.1 India Encapsulants Market Revenue Share, By Companies, 2024 |
10.2 India Encapsulants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |