ALTANA, PARKER HANNIFIN CORP and Wacker Chemie AG are Dominating the Global Potting and Encapsulating Compounds Market in 2021

Global Potting and Encapsulating Compounds Market is expected to grow with the CAGR of 4.5% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global potting and encapsulating compounds market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global potting and encapsulating compounds market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In 2021 June, Henkel AG & Co. KGaA expanded its UV acrylic hot melt pressure sensitive adhesive capability and portfolio (PSA). The expansion was made with an aim to create strategic focus on sustainability, and it solved past production limitations as well as growing demand for UV-curable PSAs.
  • In 2020 February, Creative Materials Inc. introduces 128-17A/B fast curing electrically conductive adhesive. This product was launched as it is a two-component silver filled adhesive that cures at room temperature.

Potting and Encapsulating Compounds MarketALTANA

ALTANA is headquartered in Wesel, Germany, which was founded in 1873 as public ownership. The company is engaged in developing innovative high-level technologies, solutions and products. The company have business segment which are BYK, ECKART, ELANTAS, ACTEGA and out of which ELANTAS is market focused segment. The company have wide product which are wire enamels, impregnating materials, casting & potting materials, flexible electrical insulation materials, materials for electronic protection, industrial coatings, materials for tooling & composites, electrical insulation system out of which our focused product category is casting & potting materials.

  • In 2021 February, ALTANA acquired the business of TLS Technik GmbH & Co. to expand the company’s ECKART division business with functional applications in terms of metal powders for 3D printing. The acquisition was done to position them in the technological market of the future.

The company has wide global presence across the Asia-Pacific, Europe, Middle East and Africa and Americas. The company have subsidiaries which are Elantas Beck (India); Elantas PDG, Inc.(U.S.); Roland Arzneimittel GmbH(Germany); Altana B.V. (Netherlands); ALTANA Chemie GmbH (Germany); ELANTAS Europe S.r.l. (Italy) among others.

PARKER HANNIFIN CORP

PARKER HANNIFIN CORP is headquartered in Ohio, U.S. and it was founded in year 1938 as public ownership. The company focuses on the development and marketing of diversified industrial and aerospace technologies such as electrochemical, pneumatic among others. The company have business segment which are diversified industrial, and aerospace systems under which diversified industrial is our market focus category. The company offers wide range of product categories such as aerospace systems and technologies, air preparation (frl) and dryers, cylinders and actuators, EMI shielding, filters, separators and purifiers fittings and quick couplings, gas generators, hose, piping, tubing and t-slot framing, medical and dental equipment, motors, drives and controllers, power take offs and drive systems, pumps, refrigeration and air conditioning, regulators, monitoring, sensors and flow control, seals and o-rings, thermal and power management, and valves under which thermal and power management is market focused category.

  • In 2021 February, PARKER HANNIFIN CORP participated in the Fluid Power Expo 2021 hosted in virtual mode. The theme of the expo was fluid power technology. The company intends to introduce its products to potential customers and expand its consumer base by participating in this exhibition.

The company has presence in Asia-Pacific, Europe, Middle East and Africa and Americas. Company subsidiaries are Acadia International Insurance Limited (Ireland), Advanced Products NV (Belgium), Advanced Products Seals and Gaskets (U.K.), Advanced Products S.A. (France), Alkid Corporation (U.S.), among others.

Wacker Chemie AG

Wacker Chemie AG is headquartered in Munich, Germany it was founded in 1914 as public ownership. The company is engaged in the manufacturing of products for silicone, polymer, life sciences and polysilicon markets. The company have business segment which are silicones, polymers, biosolutions, polysilicon and others out of which silicones business is focused segment. The company has product category which are applications, product groups and brands out of which product groups is market focused segment.

  • In 2016 October, Wacker Chemie AG unveiled two new encapsulation compounds for light-emitting diodes (LED) at the 20th International Trade Fair for Plastics and Rubber K 2016 in Düsseldorf, Germany. This development helps the company to its increase revenue.

The company has wide global presence in Europe, The Americas, Asia and others. The company have subsidiaries which are Wacker Biosolutions (Germany), Schott Wacker Solar Gmbh (Germany), Wacker Polysilicon North America LLC (U.S.), Wacker Chemicals Korea Inc. (Korea), Siltronic Corporation (U.S.) among others.