According to a new report published by Allied Market Research titled, "Potting Compounds Market by Resin Type, Curing Technique, Application, and End-user: Global Opportunity Analysis and Industry Forecast, 2014-2022", the potting compounds market was valued at $2,680 million in 2015 and is projected to reach $3,460 million by 2022, growing at a CAGR of 3.8% from 2016 to 2022. The silicone resin type held nearly one-fourth of the total market in 2015.
Potting compounds are used as a covering of the electronics and electrical devices to protect it from surrounding environment. They offer protection from moisture and also provide heat dissipation, flame retardancy, and resistance from shock. Potting compounds are also used for concealing the components from fire. The market for potting compounds has increased tremendously in the recent past due to the growth in electronics and electrical sector across the globe.
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Factors that drive the growth of the global potting compounds market are growth in consumer electronics industry and aerospace & industrial sector. In addition, growth in energy and power sector is also expected to fuel the demand for potting compounds in the near future. To select a potting compound that addresses all the needs of a specific application without harming the electronics can be quite complicated and challenging for the end users.
Silicone and epoxy segments are expected to maintain its dominance in the global potting compounds market during the forecast period. This is mainly attributed to their remarkable properties such as flexible protection against vibration, environmental contamination and thermal stress, excellent dielectric properties, and effective insulation against high voltages.
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Electronics and aerospace applications dominated the global potting compounds market with more than two-thirds share in terms of volume, in 2015. Increase in demand for miniaturization of electronic devices across various end-use industries such as transportation and consumer electronics is anticipated to drive the potting compounds market over the analysis period.
According to Eswara Prasad, Team Lead, Chemicals & Materials at Allied Market Research, "The demand for potting compounds in end-use industries, such as transportation and electronics, is relatively high. A shift of manufacturing base from developed regions to Asia-Pacific region is expected in the near future."
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Key findings and scope:
- In terms of value, silicone segment is expected to expand at a CAGR of 4.4% during the forecast period.
- Asia-Pacific is projected to maintain its lead position throughout 2022 and will grow at a CAGR of 4.7%, in terms of value.
- Electronics application is projected grow at the fastest CAGR during analysis period.
- China occupied half of the total Asia-Pacific potting compounds market in 2015.
- India is expected to grow at the fastest rate and is expected to grow at a CAGR of 3.8% in terms of volume from 2016 to 2022
In 2015, Asia-Pacific and North America collectively accounted for two-thirds of the total potting compounds market and are expected to continue this trend due to increase in development in the electronics sector, specifically in China, India, and other developing economies. Rise in transportation sector is the main reason for the growth of potting compounds market in the Asia-Pacific region.
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The major companies profiled in the report include Henkel AG & Co. KGaA, The 3M Company, MG Chemicals, ELANTAS GmbH, ALPAS srl, Dymax Corporation, Master Bond, Inc., Lord Corporation, Aremco Products, Inc., RBC Industries, Inc., and Shanghai Sepna Chemical Technology Co. Ltd.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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The latest trending report Global Potting Compounds Market 2020 by Manufacturers Regions Type and Application Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.
The global Potting Compounds market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.7% in the forecast period of 2020 to 2025 and will expected to reach USD 4361.1 million by 2025, from USD 3630.6 million in 2019.The Potting Compounds market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/46411-potting-compounds-industry-analysis-reportThe major players covered in Potting Compounds are: DowDuPont Electrolube CHT Group Henkel Dymax ACC Silicones Mitsubishi Chemical H.B.Fuller Master Bond Wevo-Chemie Kangda New Materials MG Chemicals ALTANA Huitian New Materials Threebond NAGASE EFI PolymersBy Type, Potting Compounds market has been segmented into Epoxy resins Silicone resins Polyurethane resins Polyesters potting compounds Polyamides potting compoundsBy Application, Potting Compounds has been segmented into: Electronics ElectricalsThe report offers in-depth assessment of the growth and other aspects of the Potting Compounds market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Potting Compounds Market @ https://www.decisiondatabases.com/contact/download-sample-46411The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Potting Compounds product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Potting Compounds, with price, sales, revenue and global market share of Potting Compounds in 2018 and 2019.
Chapter 3, the Potting Compounds competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Potting Compounds breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
According to the latest report by IMARC Group, titled “Silicone Potting Compounds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global silicone potting compounds market exhibited moderate growth during 2015-2020.
Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Silicone potting compounds are liquid composites used to fill electrical devices for protection against the surrounding environment.
These compounds provide minimal shrinkage, outgassing, enhanced thermal conductivity and higher strength.
They find extensive application across various industries, such as aerospace, automotive, consumer electronics, energy and power.We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
These observations will be integrated into the report.Request Free Sample Report: https://www.imarcgroup.com/silicone-potting-compounds-market/requestsampleSilicone Potting Compounds Market Trends:The global silicone potting compounds market is primarily being driven by the widespread product adoption in the electronics industry.
