Global Potting Compound Market Study Analysis: Rising Demand For Vehicles Is Likely To Increase The Demand For Potting Compound Market

The global Potting Compound market is expected to grow from $ billion in 2020 to $ billion in 2028 at a CAGR of 7%. Potting compounds are encapsulated which are used in the electronic assembly to protect the electronic product, component, and equipment by maintaining its quality. The common resins used in the potting process are polyurethane, silicone, and epoxy since they offer excellent properties for protection against environmental conditions. Potting compounds protect moistness, provide shock resistance, flame retardancy as well as heat dissipation. Potting compounds have numerous applications in marine, industrial, energy & power, aerospace, and automotive industries.

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Global Potting Compound Drivers And Restrain:
The rapid urbanization and industrialization of developing countries such as India and China are driving the growth of the potting compound market since the government of these developing countries have undertaken numerous measures to improve and develop the manufacturing sector of the country. Due to this, these developing countries are now able to produce a large amount of high-quality and affordable electrical products which are imported by other countries as well thus increasing the demand for potting compounds. Hence, the rapid increase in the production of electrical products in developing countries contributes to the growth of the potting compound market.

The increasing demand for vehicles across the world has led to the growing demand for potting compounds. The automobile industry is keen on using small, cheaper and lightweight electronic components to manufacture vehicles to lower the cost and obtain optimum space utilization. Potting compounds in electronic components help to achieve thermal shock resistance, mechanical strength, chemical resistance, adhesion hardness, electrical insulation, dielectric properties, thermal conductivity, cure speed, and reduce internal stress. Therefore, the increasing demand for vehicles drives the growth of the potting compound market.

The demand for vehicles especially electric vehicles is constantly rising across the world due to factors such as increasing environmental pollution, stringent government regulations, among others. This factor is a major driver contributing to the growth of the potting compound market and hence automobile manufacturers across the world are now focusing on improving and developing electric vehicles which will drive the demand for potting compounds considerably.

The major factors restraining the growth of the global potting compound market include high cost, issues related to heat generation, high hardness, and brittleness after solidification among others.

Covid-19 Scenario:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Potting Compound Market Segments:
The global Potting Compound marke is further segmented into resin type, curing technique, application, end-user, and geography.

By Resin Type: Epoxy, Polyurethane, Silicone, Polyester, Polyamide, Polyolefin, and Acrylics
By Curing Technique: UV Curing, Thermal Curing or High-Temperature Curing, and Room Temperature Curing
By Application: Electrical and Electronics
By End-User: Consumer Electronics, Power Electronics, Aerospace, Automotive, Industrial, Energy and Power, Solar and Others

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa and South America)

The Asia Pacific dominates the potting compound market and is also expected to witness the highest growth during the forecast period which is attributed to the presence of major electronics and automotive industries in this region as well as increasing adoption of potting compounds in different electrical and electronic applications. Moreover, the rising demand for miniaturization of electronic devices in various industries such as consumer electronics and transportation further contributes to the growth of the potting compound market in the Asia Pacific region. In addition to this, rapid industrial development in this region is fuelling the demand for potting compounds in electronics and electrical applications. India, Indonesia, Malaysia, and Singapore are the fastest-growing markets which ultimately drive the growth of the potting compound market in the Asia Pacific. North America is also expected to witness significant growth in the potting compound market due to the rising number of vehicles in the US.

Key Players of Global Potting Compound Market:
• Henkel AG & Co. KGaA
• 3M
• MG Chemicals
• ELANTAS GmbH
• ALPAS Srl
• Dymax Corporation
• Aremco
• DuPont
• Hitachi Chemical Advanced Therapeutics Solutions LLC
• WEVO-CHEMIE GmbH

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Potting Compound Market
• Value Chain Analysis of Global Potting Compound Market
• What is the CAGR of the global Potting Compound Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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