Global Potting Compounds Market Overview:
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. Some of the key players profiled in the study are 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).
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). 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.
- 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
- The Demand for Advancement Such As Ultra Violet Curing Polymer Potting Compounds Is Rising
- Installation Costs Are High than Normal Wet Coatings
- The Demand for Potting Compound Electronic Devices Miniaturization Is Increasing
- 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
Major Market Developments:
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.
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
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
Major Objectives Focused through this Study
To define, describe, and forecast the Global Potting Compounds market on the basis of product [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)], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Potting Compounds market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Potting Compounds industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are DELO (Germany), ELANTAS Beck GmbH. (Germany), EPOXONIC (Germany), EFI POLYMERS (United States) and ELANTAS Beck India Limited (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Potting Compounds market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.