The market for potting compound is expected to grow at a CAGR of around 3.5% from 2020 to 2027 and expected to reach the market value of around US$ 4,136.2 Mn by 2027.
The potting compound is used for the protection of electronics from the environmental influences as well as to improve the mechanical strength and high electrical insulation. The materials are used as a permanent protective solution for being an integral part of the unit to protect the electronic assembly along with several benefits including electrical insulation, enhanced mechanical strength, heat dissipation, vibration/shock resistance, corrosion protection, chemical protection, and environmental influences.
The increasing investment by end-use industries like consumer electronics and transportation in order to fulfill the increasing demand is supporting the market growth. The increasing demand for miniaturization of electronic devices along with the expanding consumer electronics industry is bolstering the market value. The advantages associated with the potting compound like excellent thermal conductivity and stability, chemical resistance, super adhesive strength, and outstanding electrical insulation are further boosting the market value. Furthermore, the increasing demand from emerging economies along with technological advancements is projected to provide potential opportunities during the forecast timeframe.
On the other side, matured transportation and electronic industries in developed economies and stringent government regulations on the reduction of VOC Emission are the factors projected to limit the growth to an extent over the forecast timeframe from 2020 to 2027.
Electronics segment is leading the global market
By application, the electronics segment has registered the maximum share in 2019. The expanding product portfolio of the electronic industry is accelerating market growth. The changing consumer demand along with the increasing usage of technology gadgets in emerging economies is supporting market growth. Increasing disposable income, changing lifestyles and rapid urbanization are some of the major factors accelerating the segmental market value.
The market research study on “Potting Compound Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global potting compound market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global potting compound market, its resin type, curing techniques, application, end user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global potting compound market size and volume, and segment markets by resin type, curing techniques, application, end user, and geography along with the information on companies operating in the market. The potting compound market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific accounted for the maximum share in the potting compound market
In 2019, Asia Pacific accounted for the major share in the global market, and the region is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The presence of the potential and expanding electronics industry in the regional market is supporting the market growth. The major economies of the region including Japan, China, and India are majorly contributing to the regional market value. Moreover, the region is also projected to experience the fastest growth over the estimated period.
The players profiled in the report include ALPAS Srl, Aremco Products, Inc., DowDuPont Inc, Dymax Corporation, ELANTAS GmbH, Henkel AG & Co. KGaA, HItach Chemical LLC, Huntsman Advanced Materials, MG Chemicals, The 3M Company, Wacker-Chemie , and WEVO-CHEMIE GmbH.
Market By Resin Type
Market By Curing Techniques
Room Temperature Curing
Market By Application
Market By End User
Market By Geography
Middle East & Africa
The potting compound is used for the protection of electronics from the environmental influences as well as to improve the mechanical strength and high electrical insulation.
The potting compound market value is anticipated to be worth around US$ 4,136.2 Mn in 2027.
The potting compound market is anticipated to grow around 3.5% CAGR amid the forecast period 2020-2027.
The key players operating in potting compound market such as ALPAS Srl, Aremco Products, Inc., DowDuPont Inc, Dymax Corporation, ELANTAS GmbH, Henkel AG & Co. KGaA, HItach Chemical LLC, Huntsman Advanced Materials, MG Chemicals, The 3M Company, Wacker-Chemie , and WEVO-CHEMIE GmbH.
Asia Pacific is projected to be the major markets share in the global potting compound market.
The report provides insights on global potting compound market segment by resin type, curing techniques, application, end user and major geographic regions.
The potting compound market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa.