About Potting Compounds
Potting compounds are materials that provide protection from water, chemicals, shock, voltage discharge, vibration and physical damage to electrical components. They are extremely difficult to remove, generally making revise impossible. Potting a device in epoxy brings challenges, however. Plain epoxy will trap heat and be a flammability risk but it helps to reduce internal stress, achieve excellent dielectric properties, electrical insulation, thermal conductivity, thermal shock resistance, mechanical strength, adhesion, hardness, cure speed, and chemical resistance.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The Market for the Potting Compound is fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Potting Compounds market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ACC Silicones Ltd. (United Kingdom), Dymax Corporation (United States), Epic Resins (United States), Master Bond Inc. (United States), INTERTRONICS (United Kingdom), Electrolube (United Kingdom), MG Chemicals (Canada), Henkel AG & Co. KGaA (Germany), Panacol-Elosol GmbH (United States) and The Bergquist Company, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are DELO (Germany), ELANTAS Beck GmbH. (Germany), EPOXONIC (Germany), EFI POLYMERS (United States) and ELANTAS Beck India Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Potting Compounds market by Type (Silicone, Urethane, Epoxy, Nylon and Others), Application (Electronics (Surface Mount Package, Beam Bonded Components, Memory Devices and Microprocessors, and Others) and Electricals (Capacitors, Transformers, Cable Joints, Industrial Magnets, Solenoids and Others)) and Region.
On the basis of geography, the market of Potting Compounds has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021. If we see Market by Usage Form, the sub-segment i.e. Electronics Potting will boost the Potting Compounds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Aerospace will boost the Potting Compounds market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Potting Compounds Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Demand for Potting Compound in Electric and Electrical Appliances to Protect It from Thermal Conductivity and Chemical Resistance Is Rising
- The Demand in Transportation Sectors Such As Automotive and Marine Leads to the Growth in Potting Compound
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Influencing Trends | - The Demand for Advancement Such As Ultra Violet Curing Polymer Potting Compounds Is Rising
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Restraints | - Installation Costs Are High than Normal Wet Coatings
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Road Blocks / Challenges | - The Mix Ratio of Resin and Its Associated Hardener Should Be Calculated and Appropriate To Use Otherwise Cause Damage to Electrical Appliances
- The Reaction of Resin and Hardener Is Very Exothermic and the Temperature Must Be Controlled Otherwise May Lead To Damages
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Gaps & Opportunities | - The Demand for Potting Compound Electronic Devices Miniaturization Is Increasing
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Market Leaders and their expansionary development strategies
In November 2019, DELO, a manufacturer of adhesives has announced a partnership with Xaar plc a developer of inkjet technologies to successfully jet materials with viscosities up to 250 mPa·s at room temperature that benefits for many industries including consumer and automotive optical applications.
In May 2019, Electrolube, A Manufacturer Of Electro-Chemicals And Circuit Protection Launched A Series Of Encapsulation Resins Named SC4004 And SC4003 Especially For The Indian Market. These Resins Have Been Produced Using Local Materials To Ensure Highly Competitive Pricing And Short Lead Times. These Are Highly Suited For Automotive And Power Supply Applications and In September 2018, Techsil Ltd., A Provider Of Industrial Adhesives, Sealants, Tapes, And Dispensing Equipment Launched A Potting Compound With Medium Viscosity And Small Filler Particle Size Named Structalit 5894-1 Is The Perfect Choice For Large-Volume Potting Or Glob Top Sealing Of Power Electronics. It Cures Rapidly When Exposed To Heat, Which Allows Faster Processing Of Large-Volume Electronic Component Potting And Sealing.
Key Target Audience
Potting Compound Manufacturers, New Entrants/Investors, Analysts and Strategic Business Planners and Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.