The global Potting Compounds Market was worth USD 4.39 billion in 2021 and is expected to be worth USD 5.72 billion by 2030, increasing at a 4.2% CAGR from 2023 to 2030.
Potting compounds are at the frontline of electronics assembly, delivering effective protection in challenging environmental conditions while improving mechanical strength and offering high electric insulation. The global Potting Compounds market is expected to witness strong growth in the forthcoming years. The growing need for potting compounds within a broad range of consumer electronics, as well as increasing used in applications across the automotive, aerospace, and other industries where electronic assemblies are prevalent. These prime factors majorly contributed to the development of the global Potting Compound market in the forecast period.
Furthermore, several applications in electronic industries such as beam bonded components, surface mount packaging, and microprocessors are some other key factors that are promoting the growth of the global Potting Compound market. Similarly, the growing demand for electronic devices miniaturization is also one of the important factors that support the global Potting Compound market to grow in the forecast period. As well, the growing concerns to keep the electronic and electrical components safe from various shocks while transporting the devices is another key aspect for the growth of the global Potting Compound market.
Covid-19 Impact on Potting Compounds Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Potting Compounds Market Segment Overview
Based on Resin Type, the Epoxy Resins segment held the largest share in the global Potting Compound market and is expected to maintain its dominance during the forecast period. Epoxy resins have great importance owing to their extraordinary characteristics such as better adhesion, high temperature & chemical resistance, higher rigidity, modulus & tensile strength, and very good moisture resistance. Epoxies have excellent dielectric properties and are used widely in potting transformers and switches.
By application, the Electronics segment has significant growth in the market. This is due to the use of potting compounds in consumer electronics, transportation, aviation, marine, energy and power, solar power, and other sectors by major industrial manufacturers. In addition, Potting in both electrical and electronics applications is done to decrease internal stress, attain excellent dielectric properties, electrical insulation, thermal shock resistance, thermal conductivity, mechanical strength, adhesion, hardness, cure speed, and chemical resistance.
Potting Compounds Market, By Resin Type
· Epoxy
· Polyurethane
· Silicone
· Polyester
· Polyamide
· Polyolefin
· Acrylics
Potting Compounds Market, By Curing Technology
· UV Curing
· Thermal Curing
· Room Temperature Curing
Potting Compounds Market, By Application
· Electrical
· Electronics
Potting Compounds Market, By End-User
· Electronics
· Aerospace
· Automotive
· Industrial
· Others
Potting Compounds Market Regional Overview
In terms of geography, Asia Pacific is expected to dominate the global Potting Compound market in the forecast period. The growth can be attributed to the growing adoption of potting compounds in several electronics and electric applications in this region. The growth of the region in the potting compound market is also the result of major industrial expansion in countries like China, Japan, and South Korea.
Potting Compounds Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Potting Compounds Market Competitor overview
Some key developments and strategies adopted by manufacturers in Potting Compounds are highlighted below.
· In September 2021, 3M, a leader in high-performance polymer additives, has expanded their line of boron nitride cooling fillers applicable to a wide array of automotive, electrical and electronic devices and components.
Potting Compounds Market, Key Players
· Huntsman Advanced Materials
· Wacker-Chemie
· HItach Chemical LLC
· Aremco Products, Inc.
· DowDuPont Inc
· The 3M Company
· Henkel AG & Co. KGaA.
· Lord Corporation
· RBC Industries
· Master Bond, Inc.
· Shanghai Sepna Chemical Technology Co. Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Potting Compounds Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Resin Type
- 5.2.1. Epoxy
- 5.2.2. Polyurethane
- 5.2.3. Silicone
- 5.2.4. Polyester
- 5.2.5. Polyamide
- 5.2.6. Polyolefin
- 5.2.7. Acrylics
- 5.3. Market Analysis, Insights and Forecast – By Curing Technology
- 5.3.1. UV Curing
- 5.3.2. Thermal Curing
- 5.3.3. Room Temperature Curing
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Electrical
- 5.4.2. Electronics
- 5.5. Market Analysis, Insights and Forecast – By End-User
- 5.5.1. Electronics
- 5.5.2. Aerospace
- 5.5.3. Automotive
- 5.5.4. Industrial
- 5.5.5. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Potting Compounds Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Resin Type
- 6.2.1. Epoxy
- 6.2.2. Polyurethane
- 6.2.3. Silicone
- 6.2.4. Polyester
- 6.2.5. Polyamide
- 6.2.6. Polyolefin
- 6.2.7. Acrylics
- 6.3. Market Analysis, Insights and Forecast – By Curing Technology
- 6.3.1. UV Curing
- 6.3.2. Thermal Curing
- 6.3.3. Room Temperature Curing
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Electrical
- 6.4.2. Electronics
- 6.5. Market Analysis, Insights and Forecast – By End-User
- 6.5.1. Electronics
- 6.5.2. Aerospace
- 6.5.3. Automotive
- 6.5.4. Industrial
- 6.5.5. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Potting Compounds Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Resin Type
- 7.2.1. Epoxy
- 7.2.2. Polyurethane
- 7.2.3. Silicone
- 7.2.4. Polyester
- 7.2.5. Polyamide
- 7.2.6. Polyolefin
- 7.2.7. Acrylics
- 7.3. Market Analysis, Insights and Forecast – By Curing Technology
- 7.3.1. UV Curing
- 7.3.2. Thermal Curing
- 7.3.3. Room Temperature Curing
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Electrical
- 7.4.2. Electronics
- 7.5. Market Analysis, Insights and Forecast – By End-User
- 7.5.1. Electronics
- 7.5.2. Aerospace
- 7.5.3. Automotive
- 7.5.4. Industrial
- 7.5.5. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Potting Compounds Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Resin Type
- 8.2.1. Epoxy
- 8.2.2. Polyurethane
- 8.2.3. Silicone
- 8.2.4. Polyester
- 8.2.5. Polyamide
- 8.2.6. Polyolefin
- 8.2.7. Acrylics
- 8.3. Market Analysis, Insights and Forecast – By Curing Technology
- 8.3.1. UV Curing
- 8.3.2. Thermal Curing
- 8.3.3. Room Temperature Curing
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Electrical
- 8.4.2. Electronics
- 8.5. Market Analysis, Insights and Forecast – By End-User
- 8.5.1. Electronics
- 8.5.2. Aerospace
- 8.5.3. Automotive
- 8.5.4. Industrial
- 8.5.5. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Potting Compounds Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Resin Type
- 9.2.1. Epoxy
- 9.2.2. Polyurethane
- 9.2.3. Silicone
- 9.2.4. Polyester
- 9.2.5. Polyamide
- 9.2.6. Polyolefin
- 9.2.7. Acrylics
- 9.3. Market Analysis, Insights and Forecast – By Curing Technology
- 9.3.1. UV Curing
- 9.3.2. Thermal Curing
- 9.3.3. Room Temperature Curing
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Electrical
- 9.4.2. Electronics
- 9.5. Market Analysis, Insights and Forecast – By End-User
- 9.5.1. Electronics
- 9.5.2. Aerospace
- 9.5.3. Automotive
- 9.5.4. Industrial
- 9.5.5. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2021
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Huntsman Advanced Materials
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Wacker-Chemie
- 10.6. HItach Chemical LLC
- 10.7. Aremco Products, Inc.
- 10.8. DowDuPont Inc
- 10.9. The 3M Company
- 10.10. Henkel AG & Co. KGaA.
- 10.11. Lord Corporation
- 10.12. RBC Industries
- 10.13. Master Bond, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
