Potting Compound Market - Forecast(2024 - 2030)

Report Code: CMR 0719 Report Format: PDF + Excel

Potting Compound Market Overview

Potting Compound Market size is forecast to reach $3.65 billion by 2025, after growing at a CAGR of 3.68% during 2020-2025. The potting compound is used to insulate a device electrically, and to secure it from moisture. The potting process can be done either manually or using automated meter-mix-dispensing (MMD) devices. In general, gels of silicone rubber and epoxy are used to protect the unit. The potting compound has vibration resistance, flame retardance, or heat dissipation properties. These features of the potting compound are best suited for use in the electronics industry. Rising miniaturization of electronic devices and growing demand from the consumer electronics industry are the driving forces for this sector owing to which the potting compound industry will accelerate in the forecast era.

Report Coverage

The: “Potting Compound Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Potting Compound Industry.

By Type: Epoxy, Polyurethane, Silicone, Polyester, Polyamide, Polyolefin, and Acrylics
By Application: Electronics and Electrical
By End Use: Electronics Industry, Automotive Industry, Aerospace Industry, and Others
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, South America and Others

Key Takeaways

  • The Asia Pacific dominates the Potting Compound Market due to the increasing use and demand of electronics and its devices in this region.
  • Increasing adoption of the potting compound in various electronics applications such as beam bonded components, microprocessors, and memory devices, surface mount package, and high-power devices are the factors estimated to drive the growth of the market in the forecast period.
  • The effect of COVID-19 has a direct impact on the technology industry, impacting the supply of raw materials, upsetting the value chain of electronics, and triggering commodity inflation risks. More positively, the disruption has led to an acceleration of remote work and a rapid focus on the end-to-end value chain being evaluated and de-risked.

By Type - Segment Analysis

Epoxy is widely used in Potting Compound Market. The most commonly used potting compound is epoxy resins. Generally, this compound has greater adhesion, high-temperature tolerance & chemical resistance, higher stiffness, modulus & tensile strength, and very good resistance to moisture, which makes it an excellent outdoor application choice. Epoxies have excellent dielectric properties and are used extensively in potting transformers and switches. The main thermosetting plastics are epoxy resin which has been commonly used for the application of electronics, as they are typically rigid, durable, and exhibit low cure shrinkage. Due to these properties, Epoxy is anticipated to boost the market in the forecast period.

By Application - Segment Analysis

Electronics and Electrical segment held the largest share in the Potting compound Market. Potting compounds are used to shield equipment, materials, and devices from insulation and concealment. They are formulated to meet the requirements of many demanding applications in the electronics sector such as consumer electronics, transportation, aviation, marine, energy & power, solar power, and others. Also, potting protects the circuit board, semiconductor, and other electronic components from environmental hazards such as mechanical, chemical, electrical, and thermal stress. Also, potting offers superb printed circuit boards and electrical device protection.  Due to which the demand for potting compounds is anticipated to rise in the forecast period.

By End Use – Segment Analysis

The electronics industry held the largest share in the Potting Compound Market in 2019 and is projected to grow at a CAGR of 4.29% during the forecast period 2020-2025. The increasing digitization of our world is based on the increasing prevalence of high-performance electronics and the latest sensor systems. This demands more effective protection for these sensitive electronic components and sensors from a range of environmental influences. Potting in electronic applications is done to reduce internal stress, achieve excellent dielectric properties, electrical insulation, thermal conductivity, thermal shock resistance, mechanical strength, adhesion, hardness, cure speed, and chemical resistance. Owing to which the market will see massive growth in the forecast period.

Geography - Segment Analysis

Asia Pacific held the largest share with 42.65% in Potting Compound Market in 2019. Countries in this region such as China, India, Japan, South Korea, and Malaysia are witnessing a significant increase in the use of potting compounds in electronics & electrical applications. This growth is mainly due to the growing demand from the Asia-Pacific consumer electronics and transportation industries. Also, rapid industrial development in Asia-Pacific is vigorously pushing demand in electronics and electrical applications for potting compounding. According to the India Brand Equity Foundation, the Electronics and Computer Software Promotion Council (ESC) was formed to provide a platform for India's IT & electronics industry. ESC has successfully steered the course of India's exports of electronics and software, with exports to over 200 countries. Also, according to the International Energy Administration, China's electronics industry has played a major role in driving the growth of national GDP. It is the world's largest generating electronics ecosystem and supply chain, with more than five times the Japanese electronics suppliers and manufacturing workforce workers close to 150 million.

Drivers – Potting Compound Market

  • The growing need for potting in the aerospace industry

Potting compounds are available in a broad range of chemistries that enable their use with different substrates, over a range of operating temperatures, and to provide maximum performance under different environmental conditions. Potting compounds are preferred in aerospace as it enhances mechanical strength and provides vibration and shock insulation and resistance. Also, potting compounds prevent corrosion from moisture, thermal cycling, dust, and chemicals. Also, epoxy, silicone, polyurethane, polysulfide, and UV cure system is available to meet specific aerospace requirements such as low coefficient of thermal expansion, low stress, cryogenic serviceability, ultra-low moisture absorption, special flow properties, high glass transition temperature, and low outgassing and high purity. Owing to these properties the use of the potting compound is widely used in applications of aerospace leading towards the growth of the potting compound market in the forecast period.

Challenges – Potting Compound Market

  • Effects of heat generation to potting compounds

Growing demand for ever-increasing output rates at lower unit costs, ensuring that electronic circuits work as expected over an extended period is becoming increasingly difficult. Delicate materials, heavily packed printed circuit boards (PCBs), confining packaging, and highly stressful service conditions have the potential to contribute to higher failure rates due to excessive heat build-up and electrical interference. Electronic designs are smaller in size and provide more power which requires higher temperatures to operate. To maintain a long service life and high reliability, they must be able to efficiently dissipate the heat. The heat from the curing reaction causes fragile components to be fried. Also, a printed circuit board has components that, when potted, produce large levels of heat causing problems. Hence, heat generation problems in PCBs and other electronic circuits will further create hurdles for the potting compounds market in the forecast period.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Potting Compound Market. In 2019, the market of Potting Compound Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Potting Compound Market are ACC Silicones Ltd., Dymax Corporation, Elantas Beck India Ltd., Intertronics, Epic Resins, Electrolube, EFI Polymers, MG Chemicals, Master Bond Inc., Henkel AG & Co. KGaA among others.

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1. Potting Compound Market - Market Overview
    1.1 Definitions and Scope
2. Potting Compound Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by End Use
    2.5 Key Trends by Geography
3. Potting Compound Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Potting Compound Market - Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Potting Compound Market – Industry Market Entry Scenario PremiumPremium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Potting Compound Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Potting Compound Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Potting Compound Market - By Type (Market Size -$Million)
    8.1 Epoxy 
    8.2 Polyurethane
    8.3 Silicone
    8.4 Polyester
    8.5 Polyamide
    8.6 Polyolefin
    8.7 Acrylics
9. Potting Compound Market - By Application (Market Size -$Million)
    9.1 Electronics
        9.1.1 Transformers
        9.1.2 Capacitors
        9.1.3 Sensors
        9.1.4 Rectifiers
        9.1.5 Cable joints
        9.1.6 Industrial Magnets
        9.1.7 Solenoids
        9.1.8 Others
    9.2 Electrical
        9.2.1 Surface Mount Packages
        9.2.2 Beam Bonded Components
        9.2.3 Electric motors
        9.2.4 High Power Devices
        9.2.5 Others
10. Potting Compound Market – By End Use (Market Size -$Million)
    10.1 Electronics Industry
    10.2 Automotive Industry
    10.3 Aerospace Industry
    10.4 Others
11. Potting Compound Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 ANZ
        11.4.4 Japan
        11.4.5 South Korea
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
   Saudi Arabia
   Rest of Middle East
        11.5.2 Africa
   South Africa
   Rest of South Africa
12. Potting Compound Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category - Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Potting Compound Market - List of Key Companies by Country Premium 
15. Potting Compound Market - Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"