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Potting Compound Market anticipated to be Worth USD 3.13 Billion by 2021


The report [280 Pages Report] "Potting Compound Market by Type (Epoxy Resin, Polyurethane Resin, Silicone Resin, Polyester System, and Polyamide) by Application (Electrical and Electronics) and by Region Global Trends & Forecast to 2021", Published by MarketsandMarkets, The global market is projected to reach USD 3.13 Billion by 2021, registering a CAGR of 3.7% during the forecast period.

Get PDF of report for more information: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215442994

Stakeholders of the potting compound market include:
  • Potting compound manufacturers
  • Potting compound traders, distributors, and suppliers
  • End-use market participants of different segments of potting compound
  • Government and research organizations
  • Associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environment support agencies,
  • Investment banks and private equity firms
Epoxy Resins: The largest type of potting compound 
Epoxy resins are the most-widely used potting compound. These compounds generally have better adhesion, high temperature resistance & chemical resistance, higher rigidity, modulus & tensile strength, and very good moisture resistance. This makes it an excellent option for outdoor applications. Epoxies have excellent dielectric properties and are used extensively in potting transformers and switches. Epoxy resins have been widely used for the electronics application as they are generally hard, tough, and exhibit low shrinkage on cure.
Electronics: The largest application for potting compound 
The electronics sector is the largest application for potting compound globally. Potting compounds are used to protect, insulate, and conceal circuitry, components, and devices. They are formulated to meet the requirements of many demanding applications in the electronics and electrical sector such as consumer electronics, transportation, aviation, marine, energy & power, solar power, and others. Potting in both electronic and electrical  applications are done to reduce internal stress, achieve excellent dielectric properties, electrical insulation, thermal conductivity, thermal shock resistance, mechanical strength, adhesion, hardness, cure speed, and chemical resistance.
Asia-Pacific: The largest market for potting compound 
Asia-Pacific is the global forerunner in the potting compound market, in terms of value and volume, and the trend is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, and Malaysia are witnessing significant increase in the use of potting compounds in electronics & electrical applications. This growth is mainly due to the increasing demand from consumer electronics and transportation industry in Asia-Pacific. Further, rapid industrial development in Asia-Pacific is vigorously pushing the demand for potting compound in electronics and electrical applications.  Malaysia, Indonesia, Singapore, and India are the fastest-growing markets in the region and are expected to follow a similar trend till 2021.

Drivers & Opportunities in global industry:
·         Increased Spending By End-Use Industries Such as Consumer Electronics and Transportation
·         Increasing Demand for Miniaturization of Electronic Devices
      ·         Scope for Market Growth Through Development Strategies

Major players in Potting Compound Market such as ACC Silicones Ltd. (U.K.), Dymax Corporation (U.S.), EFI Polymers (U.S.), Elantas Beck India Ltd. (India), Electrolube (U.K.), Epic Resins (U.S.), Intertronics (U.K.), Master Bond Inc. (U.S.), MG Chemicals (Canada), and Henkel AG & Co. KGaA (Germany) have adopted various organic developmental strategies.

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