The global potting compound market was valued at $3.1 billion in 2019, and is projected to reach $4.1 billion by 2027, growing at a CAGR of 3.9% from 2020 to 2027. Potting compounds is used as encapsulants to protect from water, dust, voltage discharge, vibration, and physical damage. Potting material is introduced during the electronic assembly and offers excellent adhesive properties; hence, they are extremely difficult to remove once they are placed in the desired place as they permanently stick to the surface, which makes rework impossible. Potting process can be performed either manually or by using automated meter-mix-dispense (MMD) equipment.
The perfectly suitable properties of potting compound for electronic applications is driving the growth of the potting compound market globally. In addition, increased consumer electronic industry output and trend for miniaturization fuels the growth of the global potting compound market during the forecast period. However, improper selection of potting resins for various applications is expected to restrain the market growth during the analyzed timeframe. Gradual adoption of two component polyurethane potting compounds by the end users across the globe is expected to create the opportunity for the key players in the global potting compound market in the upcoming years.
The global potting compounds market is segmented into resin type, curing technology, application, end user, and region. Depending on resin type, the market is categorized into polyurethane, silicone, epoxy, polyester, polyolefin, polyamide, and others. On the basis of curing technology, it is bifurcated into UV curing, thermal curing, and room temperature curing. As per application, it is classified into electrical and electronics. Furthermore, the electrical applications is sub-segmented into surface mount packages, beam bonded components, memory devices & microprocessors, and others. Similarly, the electronics application segment is further sub-classified into capacitors, transformers, cable joints, industrial magnets, solenoids, and others. By end user, the market is fragmented into electronics, aerospace, automotive, industrial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Stakeholders
Key Market Segments
By Resin Type
By Curing Technology
By Application
By End User
By Region
Key Market Players
Other players operating and analyzed in the potting compound market are Epic Resins, Intertronics, Electrolube, ACC Silicones Ltd., EFI Polymers, and others.
The perfectly suitable properties of potting compound for electronic applications is driving the growth of the potting compound market globally. In addition, increased consumer electronic industry output and trend for miniaturization fuels the growth of the global potting compound market during the forecast period. However, improper selection of potting resins for various applications is expected to restrain the market growth during the analyzed timeframe. Gradual adoption of two component polyurethane potting compounds by the end users across the globe is expected to create the opportunity for the key players in the global potting compound market in the upcoming years.
The global potting compounds market is segmented into resin type, curing technology, application, end user, and region. Depending on resin type, the market is categorized into polyurethane, silicone, epoxy, polyester, polyolefin, polyamide, and others. On the basis of curing technology, it is bifurcated into UV curing, thermal curing, and room temperature curing. As per application, it is classified into electrical and electronics. Furthermore, the electrical applications is sub-segmented into surface mount packages, beam bonded components, memory devices & microprocessors, and others. Similarly, the electronics application segment is further sub-classified into capacitors, transformers, cable joints, industrial magnets, solenoids, and others. By end user, the market is fragmented into electronics, aerospace, automotive, industrial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Stakeholders
- The report includes in-depth analysis of different segments and provides market estimations between 2020 and 2027.
- A comprehensive analysis of the factors that drive and restrict the growth of the global potting compound market is provided.
- Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- Estimations and forecast are based on factors impacting the global potting compound market growth, in terms of value and volume.
- Key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current global potting compound market trends and future estimations from 2020 to 2027, which helps identify the prevailing market opportunities.
Key Market Segments
By Resin Type
- Epoxy
- Polyurethane
- Silicone
- Polyester
- Polyamide
- Polyolefin
- Acrylics
By Curing Technology
- UV Curing
- Thermal Curing
- Room Temperature Curing
By Application
- Electrical
- Surface Mount Packages
- Beam Bonded Components
- Memory Devices & Microprocessors
- Others
- Electronics
- Capacitors
- Transformers
- Cable Joints
- Industrial Magnets
- Solenoids
- Others
By End User
- Electronics
- Aerospace
- Automotive
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Altana AG
- Aremco Products, Inc.
- Dow, Inc.
- Dymax Corporation
- Henkel AG & Co. KGaA
- Hitachi Chemical Co., Ltd.
- Huntsman International LLC
- Lord Corporation
- Master Bond, Inc.
- MG Chemicals
- RBC Industries, Inc.
- Shanghai SEPNA Chemical Technology Co., Ltd.
- Wacker Chemie AG
- Wevo-Chemie GmbH
- 3M
Other players operating and analyzed in the potting compound market are Epic Resins, Intertronics, Electrolube, ACC Silicones Ltd., EFI Polymers, and others.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Potting Compound Market, by Resin Type
Chapter 5: Potting Compound Market, by Curing Technology
Chapter 6: Potting Compound Market, by Application
Chapter 7: Potting Compound Market, by End-user
Chapter 8: Potting Compound Market, by Region
Chapter 9: Competitive Landscape
Chapter 10: Company Profiles
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 507 |
| Published | August 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 3.1 billion |
| Forecasted Market Value ( USD | $ 4.1 billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
