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Silicone Potting Compounds Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Silicone Potting Compounds Market SizeAccording to new survey, global Silicone Potting Compounds market is projected to reach US$ 1782.6 million in 2029, increasing from US$ 1333.1 million in 2022, with the CAGR of 4.3% during the period of 2023 to 2029.
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Miniaturization of Electronics: The trend toward smaller and more compact electronic devices and components has led to a demand for silicone potting compounds with improved flow characteristics to penetrate tight spaces and encapsulate miniature components effectively.
High Thermal Conductivity: In applications where heat dissipation is critical, such as LED lighting and power electronics, there is a growing need for silicone potting compounds with high thermal conductivity to efficiently transfer heat away from sensitive components.
UV-Curing Silicones: UV-curable silicone potting compounds are gaining popularity due to their rapid curing times, which can improve production efficiency. These compounds are used in applications where quick turnaround times are essential.
By Type
• UV
• Thermal
By Application
• Electronics
• Aerospace
• Automotive
• Industrial
Key Companies
Henkel, Dow Corning, Novagard Solutions, LORD, ELANTAS, Master Bond, MG Chemicals, Dymax Corporation
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