Global Potting Compound Market, By Resin Type (Epoxy, Polyurethane, Silicone, Polyester, Polyamide, Polyolefin, Acrylics), Function (Corrosion Resistance, Insulation), Curing Techniques (UV Curing, Thermal Curing, Room Temperature Curing), Application (Electrical, Electronics), End-Users (Electronics, Transportation, Energy and Power, Industrial, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Potting Compound Market
The potting compound market is expected to witness market growth at a rate of 3.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on potting compound market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand from the end-use industries is escalating the growth of potting compound market.
Potting compounds refer to the chemical substances or materials that are used for the process of potting electronic circuits, boards and other components. This process requires gel-like substance for completing the electronic assembly in order to resist water, vibration and shock among others.
The rise in the miniaturization of electronic devices across the globe, acts as one of the major fators driving the growth of potting compound market. The increase in demand for potting compounds in the electrical and electronics industry for the protection of products from moisture, and shock and rise in the trend of vehicle electrification in the transportation sector accelerate the market growth. The increase in the adoption of the compounds owning to their advantages such as viscosity, semi-rigid, and flexible compositions that are considered ideal for large volume production applications and rise in the vehicle demand further influence the market. Additionally, urbanization and industrialization and increase in spending by end-use industries such as consumer electronics and transportation positively affect the potting compound market. Furthermore, strategic development strategies extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the presence of matured transportation and electronic industries in developed economies is expected to obstruct the market growth. The implementation of stringent government regulations on reduction of VOC emission is projected to challenge the potting compound market in the forecast period of 2021-2028.
This potting compound market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on potting compound market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Potting Compound Market Scope and Market Size
The potting compound market is segmented on the basis of resin type, function, curing techniques, application, and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of resin type, the potting compound market is segmented into epoxy, polyurethane, silicone, polyester, polyamide, polyolefin and acrylics.
- On the basis of function, the potting compound market is segmented into corrosion resistance and insulation.
- On the basis of curing techniques, the potting compound market is segmented into UV curing, thermal curing and room temperature curing.
- On the basis of applications, the potting compound market is segmented into electrical and electronics. Electronics are further segmented into surface mount package, beam bonded components, memory devices and microprocessors and high power devices. Electricals are further segmented into capacitors, transformers, cable joints, industrial magnets, solenoids and others.
- On the basis of end users, the potting compound market is segmented into electronics, transportation, energy and power, industrial and others. Transportation is further segmented into automotive, aviation and marine. Energy and power is further segmented into solar power and others.
Global Potting Compound Market Country Level Analysis
The potting compound market is analyzed and market size, volume information is provided by country, resin type, function, curing techniques, application, and end-user as referenced above.
The countries covered in the globally potting compound market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates and is expected to foster the potting compound market because of the number of vehicles in the major countries, use for protection of devices such as, connectors, motors and switches among others and growing consumption of electronic products in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Potting Compound Market Share Analysis
The potting compound market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to potting compound market.
The major players covered in the potting compound market reports are ELANTAS Beck GmbH, Henkel AG & Co. KGaA, Master Bond Inc., Dymax Corporation, Electrolube, CHT UK Manchester Ltd, EFI Polymers, CHT Germany GmbH, Epic Resins - Compounds and Resins for Industry, INTERTRONICS, MG Chemicals, Dow, H.B. Fuller Company, THREEBOND INTERNATIONAL, INC, Hubei Huitian new materials stock Co.,LTD., NAGASE & CO., LTD., Techsil, 3M, Aremco, Hitachi Chemical Co., Ltd., Wacker Chemie AG, Huntsman International LLC, LORD Corporation, RBC Industries Inc and Shanghai SEPNA Chemical Technology Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.