Press release
Silicone Potting Compounds Market Potential Growth, Share, Demand and Analysis of Key Players
silicone potting compounds market accounted for $900.5 million in 2020 to grow with a CAGR of 4.5%, by generating a revenue of $1,267.6 million by 2028.The market for silicone potting compounds is booming since they are the first line of defence for the electronics and automotive sectors against environmental threats like corrosion brought on by moisture, water intrusion, or defence against caustic chemicals & gases. Manufacturers of electronic devices, for instance, who shape LEDs into various components require protection from harmful environmental, mechanical, and physical effects. Because they shield various electronics from stress and vibration and provide a cushioning effect, silicone potting solutions have become quite popular.
Due to the expansion in the electronics industry, there will likely be a rise in the need for silicone potting compounds in the near future. Additionally, it is predicted that the market would increase during the forecast period because to the growing demand to protect delicate components from harsh environments utilised in end-use sectors including automotive, computers, communications, and others. The market for potting compounds is also anticipated to grow in the upcoming years because to the advantages they offer, including low shrinkage, high process efficiency, and affordability.
However, compared to epoxy and polyurethane coatings, silicone potting solutions are more expensive. Additionally, the bonding performance is marginally inferior than that of other potting compounds, which is predicted to limit the market size for silicone potting compounds throughout the projection period. Chemical substances or materials used for the process of potting electronic circuits, boards, and other components are referred to as "potting compounds." To finish the electronic assembly, a gel-like substance is needed since it can withstand shock, vibration, and water, among other things.
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Global Silicone Potting Compounds Market: Major Players
Master Bond Inc.
Quantum Silicones, LLC.
Novagard Solutions
Dow Corning Corporation
GS Polymers
RBC Industries, Inc.
LORD Corporation
Epoxies Etc.
The 3M Company
Aremco Products Inc.
Dymax Corporation
Polycast Industries, Inc
Global Silicone Potting Compounds Market: By Types
UV
Thermal
Room Temperature
Global Silicone Potting Compounds Market: By Applications
Surface Mount Packages
Beam Bonded Components
Memory Devices & Microprocessors
Capacitors
Transformers
Cable Joints
Industrial Magnets
Solenoids
Others
Global Silicone Potting Compounds Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Silicone Potting Compounds market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
1. What is the size of the global silicone potting compounds market?
2. Which are the major companies in the silicone potting compounds market?
3. Which region, among others, possesses greater investment opportunities in the near future?
4. What will be the growth rate of the Asia-Pacific silicone potting compounds market?
5. What are the strategies opted by the leading players in this market?
6. Which companies are investing more on R&D practices?
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