Silicone Potting Compounds Market Overview:
The global silicone potting compounds market size was valued at $802 million in 2015, and is estimated to reach $1,078 million by 2022, registering a CAGR of 4.4% from 2016 to 2022. Potting compounds protect electronic devices from being affected by moisture. These compounds are remarkable flame retardants with superior shock resistance. These compounds have applications across various sectors such as electrical & electronics, aerospace, industrial, automotive, energy & power, marine, and solar power industries.
The global potting compounds market is driven by growth in the consumer electronics sector in the near future. Thermally conductive potting compounds offer an effective pathway to dissipate the heat from a heat-generating source to a metal enclosure. The additional benefits of these products are excellent electrical insulation, lower shrinkage, thermal shock resistance, and thermal expansion. The global silicone potting compounds market offers vivid opportunities to market players on account of increase in disposable incomes and rapid growth in global economy.
The global silicone potting compounds market is segmented based on curing technique, application, end use industries, and geography. Based on curing technique, the global silicone potting compounds market is divided into UV curing, thermal curing, and room temperature curing. The application areas of the market are surface mount packages, beam bonded components, memory devices & microprocessors, capacitors, transformers, cable joints, industrial magnets, solenoids, and others. The end user industries of the market are electronics, automotive, aerospace, industrial, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets
The silicone potting compounds market caters to various industries including electronics, automotive, industrial, aerospace, and others. In 2015, the electronics and aerospace segments jointly accounted for majority of the share of around 64%, in terms of value, in the global market. Electronics is the leading investment area in the market, owing to the increase in demand for miniaturization of devices in this industry. Moreover, these compounds offer protection from corrosion, thermal resistance, and long shelf life of silicone potting compounds, which are anticipated to present lucrative opportunities to the industry. The market growth is supplemented by its high market share and remarkable profitable margin. The segment is expected to provide better stability and significant returns on investment for stakeholders, owing to the significant growth rate and revenue generation of the electronics industry.
Asia-Pacific Silicone Potting Compounds Market Analysis
The consumption of silicone potting compounds is anticipated to increase in the near future, owing to large population base and stable economic growth. The development of the automotive and electrical industries is anticipated to boost the growth of the global silicone potting compounds market. Emerging markets, such as China and India, are projected to witness significant increase in demand for UV curing potting compounds. Significant development in the electronics sector and increased demand for miniaturization of electronic devices across end use industries, such as consumer electronics and transportation, are anticipated to boost the market growth in this region.
Major companies have adopted agreements, product launches, expansions, mergers, and agreements strategies to sustain the intense competition in this market. The key players profiled in the report include Henkel AG & Co. KGaA, Dow Corning Corporation, Novagard Solutions, LORD Corporation, ELANTAS GmbH, Master Bond Inc., MG Chemicals, and Dymax Corporation.
The other players operating in the industry (profiles not included) are Aremco Products Inc., RBC Industries, Inc., The 3M Company, GS Polymers, Epoxies Etc., Adset Materials Company, Polycast Industries, Inc., and Quantum Silicones, LLC.
- This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global silicone potting compounds market.
- In-depth analysis of the key segments of the market is provided in the report for the period of 2014 to 2022.
- Competitive intelligence of leading manufacturers and distributors of silicone potting compounds assists in understanding the competitive scenario across geographies.
- Comprehensive analysis of factors that drive and restrain the market growth is included in the study.
- Extensive analysis of the silicone potting compounds market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are thoroughly analyzed to get a competitive outlook of the industry.
Silicone Potting Compounds Market Key Segments
By Curing Technique
- UV Curing
- Thermal Curing
- Room Temperature Curing
- Cable Joints
- Industrial Magnets
- Surface Mount Packages
- Beam Bonded Components
- Memory Devices & Microprocessors
- North America
- South Africa