Potting Compounds Market Overview
Global Potting Compounds Market was valued at $2,680 million in 2015, and is expected to reach $3,460 million by 2020, supported by a CAGR of 3.8% during the forecast period. Potting compounds protect the electronic devices from moisture. They are good flame retardants and offer resistance from shock. They find applications in electrical and electronics, aerospace, industrial, automotive, energy & power, marine, and solar power industries.
Potting compounds have witnessed a surge in demand due to increase in requirement of miniaturization of devices. Growth in consumer electronics sector is also expected to drive potting compounds market in the near future. Thermally conductive potting compounds offer an effective pathway for heat to travel consistently away from a heat-generating source to a metal enclosure. Some of the additional benefits of these products are excellent electrical insulation, lower shrinkage, thermal shock resistance, and thermal expansion. The global potting compounds market offers vivid opportunities to market players, owing to disposable incomes and rapid growth in the global economy.
The global potting compounds market is segmented based on resin type, curing technique, application, end-use industries, and geography. Based on resin type, the market is classified into epoxy, silicone, polyurethane, polyester, polyolefin, polyamide, and others. Based on curing technique, the global potting compounds market is divided into UV curing, thermal curing and room temperature curing. The market is bifurcated into electrical and electronics, based on applications. Electrical application segment is further divided into surface mount packages, beam bonded components, memory devices & microprocessors, and others (high power devices). The electronics application is further segmented into capacitors, transformers, cable joints, industrial magnets, solenoids, and others (rectifier, motors). Based on end-use industry, the market is segregated into electronics, automotive, aerospace, industrial and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
The potting compounds market, by end-user, is segmented across several industries including electronics, automotive, industrial, aerospace, and others. In 2015, electronics and aerospace segments together accounted for the major share of around 64% in the market, in terms of value. Electronics is the top investment pocket in the market. This is attributed to the increase in demand for miniaturization of devices in this industry. Moreover, the strong barrier of protection, corrosion, thermal resistance property, and long shelf life of potting compounds is projected to propel the stakeholders to capitalize on the underlying opportunities in this industry. The growth of this segment is compounded by its increase in market share along with the high profitable margin. Thus, owing to the high growth rate and the significant revenue of electronics industry, the segment is expected to provide high stability along with significant return on investment for the stakeholders.
Asia-Pacific Potting Compounds Market Analysis
Asia’s consumption of potting compounds is expected to increase, assisted by the growth in region’s population, development in automotive and electrical industry, and stable economic growth. Emerging markets such as China and India are expected to show the highest increase in demand for silicone and epoxy potting compounds along with UV curing potting compounds. Substantial development in the electronics and electrical sector and growth in demand for miniaturization of electronic devices in numerous end-use industries such as consumer electronics and transportation is anticipated to boost the potting compound market in this region.
Asia-Pacific Silicone Potting Compounds Market, 2014-2022 ($Million)
Major companies have adopted agreement, product launches, expansions, mergers, and agreements to sustain the intense competition in this market. The key players profiled in the report include Henkel AG & Co. KGaA, The 3M Company, MG Chemicals, ELANTAS GmbH, ALPAS srl, Dymax Corporation, Master Bond, Inc., Lord Corporation, Aremco Products, Inc., RBC Industries, Inc., and Shanghai Sepna Chemical Technology Co. Ltd.
Other market players (not profiled in report) in the value chain include, EFI Polymers, Cytec Solvay Group, GS Polymers, EMS Adhesives, Epoxies Etc., Miracon (M) Sdn. Bhd., Elite Chemical Industries, and Innovative Polymers, Inc.
Potting Compounds Market Key Benefits:
This report provides an extensive analysis of the potting compounds market trends, emerging estimations & dynamics.
In-depth analysis is conducted of potting compounds market size for key segments between 2014 and 2022.
Potting compounds market forecast with respect to each segment is exhaustively defined in this study
Competitive intelligence (of leading manufacturers and distributors of potting compounds) assists in understanding the competitive scenario across the geographies.
Global potting compounds market analysis for the factors that drive and restrain the growth of the market are provided.
Extensive analysis of the potting compounds industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
Potting compounds market share for all segments with respect to each geography is detailed in the report, which helps in understanding the trends in the industry at granular level.
Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the potting compounds industry trends.
Potting Compounds Market Key Segments:
By Resin Type
By Curing Techniques
Room Temperature Curing
Surface Mount Packages
Beam Bonded Components
Memory Devices & Microprocessors