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Pulished Date April, 2021
ID: 8272
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Potting Compound Market Segmented By Resign Type, Curing Technology, Application & Region - Industry Forecast to 2026

Pulished: April, 2021
ID: 8272
Pages: 170

Potting Compound Market Size, Share & Trends (2021 - 2026)

The Potting Compound Market size was anticipated at $ 4.1 billion in 2021 and is anticipated to reach $ 6.1 billion by 2026, with a CAGR of 4.7% during the forecast period 2021 to 2026.

Potting is a method of filling or instituting solid compounds into an outright electronic convention for reluctance to shock and vibration and protection against moisture and corrosive agents. Silicone and epoxy resins, called fillers or fillers, are frequently used in electronics. Besides these two resins, some other types of resins are also used, including polyurethane, polyester, polyamide, polyolefin, and acrylic. These coating compounds are widely used in the electrical and electronic industry to protect products from moisture and impact. Some of the advantages associated with these compounds are low viscosity, semi-rigid, and flexible compositions, and they are ideal for high-volume production applications.

These compounds of pots are widely used in electrical and electronic industries to protect products from moisture and shock. Some of the advantages associated with these compounds are low viscosity, semi-rigid, and flexible compositions.

In electronics, potting is a process of filling a total electronic convention with a strong or thick compound for high voltage concentrations, excluding gaseous phenomena like corona discharge, for resistance to vibration and breakdown, and the debarring of water, moisture, or corrosive agents. In the next few years, there is an increasing demand for electronic devices, such as semiconductors, capacitors, transformers, and solenoids. Therefore, due to the factors mentioned above, the application of compounds for Potting in electronics is likely to dominate during the forecast period.

Recent Developments in the Potting Compound Market

  •  In November 2020, a new adhesive for piezoelectric ceramics was launched, a material developed for piezoelectric sensors and actuators. It has a high tear resistance for joining ceramics and plastics. It is injectable, transparent, and fluorescent under ultraviolet light. Custom versions with different colors are available to facilitate better process control. Its jet delivery capacity enables high UPH (units per hour) to be achieved, which is why Vitralit UD 8052 F is the perfect choice for consumer electronics applications. Fluorescent adhesive enables in-line process control with shortwave light for maximum productivity. In areas where light cannot reach, Vitralit UD 8052 F cures with atmospheric moisture and therefore cures reliably into a flexible surface and potting compound.

  •  In October 2018, Intertronics released the gel filler compound. SilGel 612, a low viscidity silicone sealant, is originating at the global chemicals company WACKER. SilGel 612 has a simple one-to-one mixing ratio and is completely transparent. Room temperature soft gel cures and curing can be accelerated using heat, making the product suitable for manufacturers with high production rates

  • In May 2019, Electrolube launched five new Potting resins under the brands "SC4003", "SC4004", "ER6007", "ER6004" and "ER6003" for the Indian region. These resins have been manufactured in local facilities from local raw materials to reduce the overall cost associated with the products. The goal of the company behind this launch is to meet growing regional demand at a very reasonable cost.

Potting Compound Market Drivers

One of the major factors driving the market is the increasing demand for coating compounds from the electronics industry. The strong growth of urbanization in the world leads to increased use of electronic products and consumer goods, and this factor is expected to drive market growth. Since miniature electronic devices require better protection and resistance characteristics, this factor is expected to have a positive effect on the growth of the market. The increase in total expenditure incurred for the adoption of electronic products by different end-users is expected to have an effect positive on the growth market.

Potting Compound Market Restraints

The lack of compatibility of these compounds with all products and the specific characteristics of the application is expected to be a restriction on the growth of the market. The requirement of certain conditions, such as high thermal curing and the use of more than one system when applying these compounds, are factors that limit the growth of the market. The adoption of the lock all over the world has halted the production of electronic parts, slowing the growth of the potting compounds market.

Opportunities in the Potting Compound Market

New innovative applications emerging in end-user industries are likely to provide an opportunity for the studied market in the years to come.

 Challenges in the Potting Compound Market

Strict government regulations affecting the reduction of VOC (volatile organic compound) emissions are expected to challenge the growth of the potting compounds market in North America.

Potting Compound Market Segmentation as per the research report until 2026.

Potting Compound Market - By Resin Type

  • Epoxy
  • Polyurethane Resin
  • Silicone Resin
  • Polyester System
  • Polyamide

By resin type, the silicone resins segment held the largest global potting compounds market share with around 29.8% in 2020 and is expected to maintain its dominance during the forecast period. This is due to increased demand from the automotive, electronics, solar photovoltaic, and aerospace and transportation systems sectors.

 Potting Compound Market - By Region

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

The North American potting compounds market was valued at $ 823 million in 2020 and is expected to reach $ 935 million by 2026, with a CAGR of 4.5% between 2021 and 2026. Increasing disposable income is a major factor propelling the growth rate of the market in North America. The growing prevalence of developing quality products with the latest technologies is enhancing the growth rate of the market. 

The Asia Pacific is next to North America is leading the highest shares of the market. The growing demand for potting compounds from the electronics industry in developing countries like China and India is expected to drive the demand for potting compounds in this region. The largest producers of potting compounds are in the Asia-Pacific region. India is a well-recognized consumer electronics manufacturing center in the world due to its low-cost production, cheap labor, easy availability, low cost of raw materials, and weak currency. The automotive market will be relaxed, and appropriate subsidies will be given to stimulate rural sales of certain vehicles, as well as the purchase of new energy vehicles, which in turn will stimulate the automotive industry's demand for sealant. Due to the above-mentioned factors, the Potting Compounds market in the Asia-Pacific region is expected to grow significantly during the study period. 

Europe is deemed to have the highest CAGR in the foreseen years with constant economic growth. Also, rising support from government organizations is elevating the growth rate of the potting compound market. 

Impact of Covid-19 on Potting Compound Market

The COVID-19 outbreak has had negative effects on various industries and countries around the world. In addition, the supply of raw materials needed to manufacture electronic components has been delayed. This disruption of supply chains may increase if the spread of the virus continues to increase globally. Due to this pandemic, uneven effects are seen in the electronics industry, as there is an increase in demand for electronic medical devices and other essential electronic components to cope with the COVID-19 effect. Hence, all of these factors are collectively expected to lead to slow growth of the global Potting Compounds market in 2020 and are expected to increase by the end of the first quarter of 2021.

Potting Compound Market Key Players:

Key players operating in the global potting compound market are Altana AG, Aremco Products, Inc., Dow, Inc., Dymax Corporation, Henkel AG & Co. KGaA, Hitachi Chemical Co., Ltd., Huntsman International LLC, Lord Corporation, Master Bond, Inc., MG Chemicals, RBC Industries, Inc., Shanghai SEPNA Chemical Technology Co., Ltd., Wacker Chemie AG, Wevo-Chemie GmbH, and 3M.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Polyurethane Resin             

                                5.1.3 Polyamide               

                                5.1.4 Epoxy Resins          

                                5.1.5 Silicone Resin         

                                5.1.6 Polyester System 

                                5.1.8 Y-o-Y Growth Analysis, By Type     

                                5.1.9 Market Attractiveness Analysis, By Type   

                                5.1.10 Market Share Analysis, By Type   

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Dymax Corporation                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Epic Resins                  

                8.3 Master Bond Inc.                     

                8.4 EFI Polymers                              

                8.5 MG Chemicals                           

                8.6 Henkel AG & Co. KGaA                          

                8.7 ACC Silicones Ltd.                     

                8.8 Electrolube                 

                8.9 Intertronic                  

                8.10 Elantas Beck India Ltd.                         

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by type,by application ,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Potting Compound  Market By Region, From 2021-2026 ( USD Billion )

  2. Global Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  3. Global Polyurethane Resin Market By Region, From 2021-2026 ( USD Billion )

  4. Global Polyamide Market By Region, From 2021-2026 ( USD Billion )

  5. Global Epoxy Resin Market By Region, From 2021-2026 ( USD Billion )

  6. Global Silicone Resin Market By Region, From 2021-2026 ( USD Billion )

  7. Global Polyester System Market By Region, From 2021-2026 ( USD Billion )

  8. North America Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  9. North America Polyurethane Resin Market By Region, From 2021-2026 ( USD Billion )

  10. North America Polyamide Market By Region, From 2021-2026 ( USD Billion )

  11. North America Epoxy Resin Market By Region, From 2021-2026 ( USD Billion )

  12. North America Silicone Resin Market By Region, From 2021-2026 ( USD Billion )

  13. North America Polyester System Market By Region, From 2021-2026 ( USD Billion )

  14. United States Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  15. Canada Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  16. Europe Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  17. Europe Polyurethane Resin Market By Region, From 2021-2026 ( USD Billion )

  18. Europe Polyamide Market By Region, From 2021-2026 ( USD Billion )

  19. Europe Epoxy Resin Market By Region, From 2021-2026 ( USD Billion )

  20. Europe Silicone Resin Market By Region, From 2021-2026 ( USD Billion )

  21. Europe Polyester System Market By Region, From 2021-2026 ( USD Billion )

  22. U.K. Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  23. Germany Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  24. France Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  25. Italy Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  26. Spain Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  27. Asia Pacific Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  28. Asia Pacific Polyurethane Resin Market By Region, From 2021-2026 ( USD Billion )

  29. Asia Pacific Polyamide Market By Region, From 2021-2026 ( USD Billion )

  30. Asia Pacific Epoxy Resin Market By Region, From 2021-2026 ( USD Billion )

  31. Asia Pacific Silicone Resin Market By Region, From 2021-2026 ( USD Billion )

  32. Asia Pacific Polyester System Market By Region, From 2021-2026 ( USD Billion )

  33. Japan Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  34. China Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  35. India Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  36. Australia Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  37. South Korea Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  38. Latin America Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  39. Latin America Polyurethane Resin Market By Region, From 2021-2026 ( USD Billion )

  40. Latin America Polyamide Market By Region, From 2021-2026 ( USD Billion )

  41. Latin America Epoxy Resin Market By Region, From 2021-2026 ( USD Billion )

  42. Latin America Silicone Resin Market By Region, From 2021-2026 ( USD Billion )

  43. Latin America Polyester System Market By Region, From 2021-2026 ( USD Billion )

  44. Brazil Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  45. Argentina Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  46. Mexico Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  47. Rest of Latin America Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  48. Middle East and Africa Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  49. Middle East and Africa Polyurethane Resin Market By Region, From 2021-2026 ( USD Billion )

  50. Middle East and Africa Polyamide Market By Region, From 2021-2026 ( USD Billion )

  51. Middle East and Africa Epoxy Resin Market By Region, From 2021-2026 ( USD Billion )

  52. Middle East and Africa Silicone Resin Market By Region, From 2021-2026 ( USD Billion )

  53. Middle East and Africa Polyester System Market By Region, From 2021-2026 ( USD Billion )

  54. Middle East Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

  55. Africa Potting Compound  Market By Type, From 2021-2026 ( USD Billion )

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