Global Potting Compound Market Analysis Report | Altana AG, Dow, 3M, MG Chemical

The global potting compound market was valued at $3.1 billion in 2019, and is projected to reach $4.1 billion by 2027, growing at a CAGR of 3.9% from 2020 to 2027.

Potting compounds are used as encapsulants to protect from water, dust, voltage discharge, vibration, and physical damage. Potting material is introduced during the electronic assembly and offers excellent adhesive properties; hence, they are extremely difficult to remove once they are placed in the desired place as they permanently stick to the surface, which makes rework impossible. Potting process can be performed either manually or by using automated meter-mix-dispense (MMD) equipment.

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The perfectly suitable properties of potting compound for electronic applications is driving the growth of the potting compound market globally. In addition, increased consumer electronic industry output and trend for miniaturization fuels the growth of the global potting compound market during the forecast period.

However, improper selection of potting resins for various applications is expected to restrain the market growth during the analyzed timeframe. Gradual adoption of two component polyurethane potting compounds by the end users across the globe is expected to create the opportunity for the key players in the global potting compound market in the upcoming years.

KEY MARKET SEGMENTS
By Resin Type
– Epoxy
– Polyurethane
– Silicone
– Polyester
– Polyamide
– Polyolefin
– Acrylics

By Curing Technology
– UV Curing
– Thermal Curing
– Room Temperature Curing

By Application
– Electrical
o Surface Mount Packages
o Beam Bonded Components
o Memory Devices & Microprocessors
o Others
– Electronics
o Capacitors
o Transformers
o Cable Joints
o Industrial Magnets
o Solenoids
o Others

By End User
– Electronics
– Aerospace
– Automotive
– Industrial
– Others

By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

KEY MARKET PLAYERS
– 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
– 3M

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