Potting Compounds Market Professional Study Forecast 2021 – Dymax Corporation, DowDuPont Inc

The Global Potting Compounds Market size is estimated to be USD 3.10 billion in 2019 and is predicted to reach USD 4.48 billion by 2030 with a CAGR of 3.4% from 2020-2030.

Potting Compounds are the materials used as encapsulants in the electronic industry during the assembly of products, equipments and other to protect the product from damage. There are various materials used as potting compounds such as resin, silicone and others which also resist the environmental conditions such as moisture and other which also increases the product life in a long run.

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Top Companies: 3M Company, Henkel AG & Co. KGaA, MG Chemicals, ALPAS Srl, ELANTAS GmbH, Dymax Corporation, DowDuPont Inc, Aremco Products, Inc., WEVO-CHEMIE GmbH, HItach Chemical LLC, Wacker-Chemie and others.

Market Dynamics and Trends

There have been various developments taken place in terms of technological advancement and presence of developed infrastructure. Furthermore, increase in electronic industry with increased demand of consumer electronics are further expected to promote the growth of potting compounds market.

The other factors include wide applications with excellent properties such as high stability, thermal conductivity and others coupled with increase in disposable income are also expected to promote the market growth. However, stringent government regulations on reduction of voc emission are expected to hamper the growth of potting compounds market. Moreover, the development of new compounds or materials and changing trends of the electronic industry are expected to create ample opportunities in the potting equipments market over the forecast period.

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Market Segmentations and Scope of the Study:

The global potting compounds market share is analyzed on the basis of resin type, curing techniques, application, end user and geography. On the basis of resin type, the market is segmented into Epoxy, Polyurethane, Silicone, Polyester, Polyamide, Polyolefin, and Acrylics. Based on curing techniques, the market is fragmented into UV Curing, Thermal Curing, and Room Temperature Curing. Based on application, the market is divided into electrical and electronics On the basis of end user, the market is divided into Electronics, Aerospace, Automotive, Industrial, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to account for the major market share owing to the increased adoption of potting compounds over the forecast period. Furthermore, increase in technological advancement and presence of developed infrastructure coupled with increase in electronic industry is expected to accelerate the growth of potting compounds market.

Asia Pacific is expected to show tremendous growth with increasing market share owing to the increased demand of consumer electronics. Moreover, wide applications and characteristics which also enhance the product life and its quality in a long run which is expected to augment the growth of potting compounds market in the near future.

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