Potting Compound Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2341 | Last Updated On: Oct 26 2022 | Available Formats

> Global Potting Compound Market Expected to reach at a high CAGR of 3.5% by 2029: DataM Intelligence

Global Potting Compound Market is segmented By Type (Epoxy Potting Compound, Polyurethane Potting Compound, Silicone Potting Compound), By Technology (UV Curing, Thermal Curing, Room Temperature Curing), By End User (Electronics, Aerospace, Automotive, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The Global "Potting Compound Market" is expected to grow at a high CAGR of 3.5% during the forecasting period (2022-2029).

Potting Compound Market Insights

 

Metrics

Details

Market CAGR

3.5%

Segments Covered

By Pet Type, By Technology ,By End User and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Potting compounds are dielectric materials used in electronic and electrical devices to provide electrical insulation and protection from harsh environmental conditions such as moisture and fire flames.

Market Dynamics

The demand for potting compounds is ever increasing. Major drivers for this rise in demand include its excellent thermal conductivity and stability, super adhesive strength, chemical resistance, and outstanding electrical insulation.

The growing use of polyurethane potting compounds is one of the key drivers of the global potting compound market. Polyurethane potting compounds for electronics are best suited for electronic potting for commercial and industrial businesses. Also, this compound is used for manufacturing electronic components, viz. transistors, inductors, capacitors, diodes, resistors, and more.

There is a strong demand for vehicles electrification in the transportation industry, including automobiles, buses, trains, off-road vehicles, watercraft, and aircraft. High horsepower requires high power density from their electrical components such as batteries, motors and generators, and the electronics needed for operation. The strong demand is towards smaller, lighter, and less expensive components that will save space and reduce costs while boosting power efficiency. Additionally, one key challenge in developing these components is managing the heat generated by smaller, high-power devices like onboard battery chargers, power inverters and converters, and electric machines. Thermally conductive potting compounds prove to be an ideal method for rapidly and effectively conducting heat away from power components to the heat sink. The potting compound fills the component enclosure, leaving no air gaps. As a result, the demand for potting compounds is anticipated to rise significantly shortly.

However, potting can often add extra processing time, cost, and weight, which will affect the market's growth.

Segmentation Analysis

Based on the types, the global potting compound market is broadly segmented into the epoxy potting compound, polyurethane potting compounds, and silicone potting compound. Among all these compounds, the epoxy potting compound leads the market with the highest market share due to its wide range of properties and unmatched versatility. Epoxies offer exceptional chemical resistance, excellent physical properties, and strong adhesion to metals, most plastics, ceramics, and composites — materials commonly used for potting housings.  Epoxies have an excellent dielectric property making them the perfect solution for potting transformers and switches. 

Polyurethane potting compound is also anticipated to remain a strong contributor in the potting compound market in the forecast period, owing to its flexibility, elongation, and abrasion resistance. This potting compound also enhances the life of the components. Polyurethane potting compound for electronics offers several benefits when needing to cure at lower temperatures. Polyurethanes offer better flexibility and crack resistance as well as better adhesion. It is ideal for electronic applications, surface mount technology, and applications that require thermal cycling resistance.

Geographical Analysis

Based on the region, the global Potting Compound market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific dominated the global potting compound market among all regions due to high automotive production and sales growth. The rising volumes of production and an increase in the number of variants of vehicles sold around the globe have further propelled the demand of the potting compound market.

Furthermore, according to the International Organization of motor vehicles manufacturers (OICA), out of the 96.8 million vehicles sold globally, more than 48 million cars were sold in the Asia Pacific region, with China alone accounting for more than 29 million car sales, followed by 5.2 million in Japan and 4 million in India. The number of cars sold in the Asia Pacific region in 2016 was 4.69 million compared to 4.34 million in 2015. This is expected to provide huge opportunities for manufacturers and distributors seeking to extract profits from this market.

Competitive Analysis

The global potting compound market is fragmented with the presence of many local and international players. The versatility in product features and market growth opportunities through new product launches are poised to intensify competitiveness among companies.

The companies are focused on product launches to increase potting compound demand across specific applications.

For instance, in February 2017, Rob nor ResinLab has launched PX901C, a new epoxy resin. PX901C offers end users high electrical insulation, low shrinkage, and excellent chemical resistance.

The companies are focused on collaborations and strategic partnerships to increase product activities and strengthen the global market position.

In August 2017, CHT Group, a leading silicone specialties supplier in Europe, acquired ICM Silicones Group. The acquisition brings the companies of ICM, QSi, and ACC under the roof of CHT.

Why purchase the report?

  • Visualize the composition of the global potting compound market products across each indication regarding the type, technology, and end-use,r highlighting the critical commercial assets and players.
  • Identify commercial opportunities in potting compound products market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the potting compound products levels 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the essential potting compound of all major market players.

Target Audience

  • Equipment Suppliers/ Buyers
  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Frequently Asked Questions

What is the Projected CAGR value of the Potting Compound Market?

Potting Compound Market is expected to grow at a CAGR of 3.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls thePotting Compound Market during 2022-2029.

Which is the fastest growing region in the Potting Compound Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

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