The global potting compound market size reached US$ 3.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 4.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.0% during 2023-2032.
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.
2. What is the expected growth rate of the global potting compound market during 2024-2032?
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?
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 2024-2032. The 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 2023?2. What is the expected growth rate of the global potting compound market during 2024-2032?
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 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Potting Compound Market
6 Market Breakup by Resin Type
7 Market Breakup by Curing Technology
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 3.3 Billion |
| Forecasted Market Value ( USD | $ 4.7 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
