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Potting Compound Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5743174

Quick Summary:

As the global potting compound market continues its course of steady growth, understanding market trends and key players has never been more crucial. Potting compounds play an indispensable role in protecting crucial electronic components against damaging factors such as moisture, heat, vibration, and impact. With a high adhesion to electronics, they prevent short circuits and offer increased chemical protection in complex assemblies, making them vital in industries such as automotive, electronics, aerospace, and power.

The surge in demand for potting compounds in the electrical and electronics sector, as well as the rising trend of vehicle electrification and increasing integration of electronic systems in vehicles, are key driving factors in the market. With growth opportunities emerging from the global consciousness about the benefits of using potting compounds, the market is indeed poised for a promising future. Additionally, rising demand for electronic devices worldwide and expansions in the electronic industry emphasize the momentum of this market's upward trajectory even more. Don't miss out on the insights and opportunities that this comprehensive market research report provides.

The global potting compound market size reached US$ 3.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 4.1 Billion by 2028, exhibiting a CAGR of 4.22% during 2022-2028.

Potting compounds are liquid resins that flow over a circuit board to protect the electronic components against moisture, heat, vibration, impact, and environmental factors. They comprise epoxy, polyurethane, and silicone to provide high adhesion to electronic products. They help prevent short circuits, offer increased chemical protection in complex assemblies, and provide mechanical shock and vibration resistance in harsh environmental conditions. In addition, they offer high-temperature resistance while preventing the cracking or yellowing of electronic devices due to ultraviolet (UV) radiation. As a result, potting compounds are widely used in automotive, electronics, aerospace, and power industries across the globe.

Potting Compound Market Trends:

At present, there is a rise in the demand for potting compounds in the electrical and electronics industry to protect products from moisture and shock. This, along with the growing miniaturization of electronic components to develop small portable and handheld computer devices, represents one of the key factors driving the market. Besides this, the rising trend of vehicle electrification in the transportation sector to reduce greenhouse gas emissions is contributing to the growth of the market. Additionally, the increasing integration of electronic systems in vehicles, such as navigation, infotainment, and advanced driver-assistance systems (ADAS), is offering lucrative growth opportunities to industry investors. Apart from this, the growing awareness among the masses about the benefits of using potting compounds to produce electronic devices, such as high viscosity and semi-rigid and flexible compositions, is positively influencing the market. Moreover, there is an increase in the demand for electronic devices, such as semiconductors, capacitors, transformers, and solenoids, around the world. This, coupled with the burgeoning electronic industry, is propelling the growth of the market. Furthermore, the rising demand for potting compounds in the aerospace industry is bolstering the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global potting compound market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on resin type, curing technology and end user.

Breakup by Resin Type:

  • Epoxy
  • Polyurethane
  • Silicone
  • Polyester
  • Polyamide
  • Polyolefin
  • Acrylics

Breakup by Curing Technology:

  • UV Curing
  • Thermal Curing
  • Room Temperature Curing

Breakup by End User:

  • Electronics
  • Aerospace
  • Automotive
  • Industrial
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Aremco Products Inc., DuPont de Nemours Inc., Dymax Corporation, EFI Polymers, Electrolube (Element Solutions Inc), Henkel AG & Co. KGaA, Huntsman International LLC (Huntsman Corporation), LORD Corporation (Parker Hannifin Corporation), Master Bond Inc., MG Chemicals, RBC Industries Inc and WEVO-CHEMIE GmbH.

Key Questions Answered in This Report

1. What was the size of the global potting compound market in 2022?
2. What is the expected growth rate of the global potting compound market during 2023-2028?
3. What are the key factors driving the global potting compound market?
4. What has been the impact of COVID-19 on the global potting compound market?
5. What is the breakup of the global potting compound market based on the resin type?
6. What is the breakup of the global potting compound market based on the curing technology?
7. What is the breakup of the global potting compound market based on the end user?
8. What are the key regions in the global potting compound market?
9. Who are the key players/companies in the global potting compound market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Potting Compound Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Resin Type
6.1 Epoxy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polyurethane
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Silicone
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Polyester
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Polyamide
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Polyolefin
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Acrylics
6.7.1 Market Trends
6.7.2 Market Forecast

7 Market Breakup by Curing Technology
7.1 UV Curing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Thermal Curing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Room Temperature Curing
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by End User
8.1 Electronics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Automotive
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industrial
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 3M Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Aremco Products Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 DuPont de Nemours Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Dymax Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 EFI Polymers
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Electrolube (Element Solutions Inc)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Henkel AG & Co. KGaA
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Huntsman International LLC (Huntsman Corporation)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 LORD Corporation (Parker Hannifin Corporation)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Master Bond Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 MG Chemicals
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 RBC Industries Inc
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 WEVO-CHEMIE GmbH
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio

List of Figures
Figure 1: Global: Potting Compound Market: Major Drivers and Challenges
Figure 2: Global: Potting Compound Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Potting Compound Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Potting Compound Market: Breakup by Resin Type (in %), 2022
Figure 5: Global: Potting Compound Market: Breakup by Curing Technology (in %), 2022
Figure 6: Global: Potting Compound Market: Breakup by End User (in %), 2022
Figure 7: Global: Potting Compound Market: Breakup by Region (in %), 2022
Figure 8: Global: Potting Compound (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Potting Compound (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Potting Compound (Polyurethane) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Potting Compound (Polyurethane) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Potting Compound (Silicone) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Potting Compound (Silicone) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Potting Compound (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Potting Compound (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Potting Compound (Polyamide) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Potting Compound (Polyamide) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Potting Compound (Polyolefin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Potting Compound (Polyolefin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Potting Compound (Acrylics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Potting Compound (Acrylics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Potting Compound (UV Curing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Potting Compound (UV Curing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Potting Compound (Thermal Curing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Potting Compound (Thermal Curing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Potting Compound (Room Temperature Curing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Potting Compound (Room Temperature Curing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Potting Compound (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Potting Compound (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Potting Compound (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Potting Compound (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Potting Compound (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Potting Compound (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Potting Compound (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Potting Compound (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Potting Compound (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Potting Compound (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: United States: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: United States: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Canada: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Canada: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Asia-Pacific: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Asia-Pacific: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: China: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: China: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Japan: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Japan: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: India: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: India: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: South Korea: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: South Korea: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Australia: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Australia: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Indonesia: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Indonesia: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Europe: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Europe: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Germany: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Germany: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: France: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: France: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: United Kingdom: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: United Kingdom: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Italy: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Italy: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Spain: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Spain: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Russia: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Russia: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Latin America: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Latin America: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Brazil: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Brazil: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Mexico: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Mexico: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Middle East and Africa: Potting Compound Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Middle East and Africa: Potting Compound Market: Breakup by Country (in %), 2022
Figure 86: Middle East and Africa: Potting Compound Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Global: Potting Compound Industry: SWOT Analysis
Figure 88: Global: Potting Compound Industry: Value Chain Analysis
Figure 89: Global: Potting Compound Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Potting Compound Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Potting Compound Market Forecast: Breakup by Resin Type (in Million US$), 2023-2028
Table 3: Global: Potting Compound Market Forecast: Breakup by Curing Technology (in Million US$), 2023-2028
Table 4: Global: Potting Compound Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Potting Compound Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Potting Compound Market: Competitive Structure
Table 7: Global: Potting Compound Market: Key Players

Companies Mentioned

  • 3M Company
  • Aremco Products Inc.
  • DuPont de Nemours Inc.
  • Dymax Corporation
  • EFI Polymers
  • Electrolube (Element Solutions Inc)
  • Henkel AG & Co. KGaA
  • Huntsman International LLC (Huntsman Corporation)
  • LORD Corporation (Parker Hannifin Corporation)
  • Master Bond Inc.
  • MG Chemicals
  • RBC Industries Inc
  • WEVO-CHEMIE GmbH.

Methodology

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