Silicone Potting Compounds Market Report 2022-2027: Growth Rate of 5.18%, Top Leaders and Forecast

What is the Size of the Silicone Potting Compounds Market ? :

IMARC Group's latest report, titled "Silicone Potting Compounds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global silicone potting compounds market size reached US$ 977 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,312 Million by 2027, exhibiting a growth rate (CAGR) of 5.18% during 2022-2027.

Silicone potting compounds refer to liquid materials that are used to fill electronic assemblies with solid composites for providing protection against the surrounding environment. These compounds enclose the electronic components in a solid mass that enables a shield against vibration, moisture, heat, contamination, and physical shocks. Additionally, they exhibit excellent water resistance, optical and insulation properties, and adhesion to numerous materials. They can be applied to power transformers, relays, circuit boards, coils, amplifiers, and ferrite cores utilizing manual or automated meter-mix-dispense (MMD) equipment. They also provide a hardness range and a required operating temperature and are widely used across various applications, including aerospace, automotive, electronics, energy, marine, and solar power. Some commonly used silicone potting compounds are thermosetting plastics, epoxy, polyurethane, and silicon rubber gels.

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Silicone Potting Compounds Market Demand and Growth :

The growing product demand in consumer electronics is driving the global market. Along with this, the widespread adoption of these compounds in the aerospace industry for manufacturing corrosion-resistant and shock-insulated flight vehicles is contributing to the market. Moreover, ongoing technological developments in electric vehicles (EVs) and health and personal care devices are further strengthening the market favorably. Additionally, continuous product innovations, such as the introduction of ultraviolet (UV) cured silicone potting compounds, are creating a positive market outlook. Furthermore, the wide utilization of silicone compounds in the production of automotive exteriors, such as antennas, sunroofs, cameras, and tire pressure sensor compounds for providing protection against UV radiation, is creating a positive market outlook. Other factors, including rapid industrialization and extensive research and development(R&D) activities by leading players, are also influencing the market.

Who are the Market Leader in Silicone Potting Compounds Market ? :

• Altana AG
• CHT Germany GmbH
• Dymax Corporation
• Henkel AG & Co. KGaA
• Hernon Manufacturing Inc
• Master Bond Inc
• MG Chemicals
• Novagard Solutions
• Parker-Hannifin Corp
• The Dow Chemical Company (Dow Inc)

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Key Market Segmentation:

Breakup by Curing Technique:

• UV Curing
• Thermal Curing
• Room Temperature Curing

Breakup by Application:

• Electricals
o Capacitors
o Transformers
o Cable Joints
o Industrial Magnets
o Solenoids
o Others
• Electronics
o Surface Mount Packages
o Beam Bonded Components
o Memory Devices and Microprocessors
o Others

Breakup by End Use Industry:

• Consumer Electronics
• Aerospace
• Automotive
• Energy and Power
• Others

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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