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Silicone Potting Compounds Market [BENEFITS] Predicted Analysis by 2030

United State- Potting is the process of filling an electronics assembly or component with solid compounds to protect them from the surrounding environment. Potting compounds are widely used to insulate electronic devices and protect them from moisture. Potting process can be performed either manually or by using automated meter-mix-dispense (MMD) equipment.

Silicone, epoxy, polyurethane, and others are widely used as potting materials. Silicone polymers have a wide operating temperature range; exhibit excellent electrical properties, hardness range, good chemical, humidity, & water resistance, and offers ease-of-use. The global silicone potting compounds market is estimated to reach $1,078 million by 2022 from $802 million in 2015, registering a CAGR of 4.4% from 2016 to 2022.

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The demand for silicone potting compounds is expected to increase in the near future, owing to the boom in the electronics industry. In addition, growing need to shield sensitive components from extreme environments used in end use industries such as automotive, computing, communications, and others is anticipated to fuel the market growth during the forecast period. Moreover, the demand for potting compounds is expected to increase further in the coming years on account of the associated benefits such as minimal shrinkage, high process efficiency, and cost-effectiveness.

The global silicone potting compounds market is segmented on the basis of curing technique, application, end user, and geography. On the basis of curing technique, the market is classified into UV curing, thermal curing, and room temperature curing. The application areas of the this industry are surface mount packages, beam bonded components, memory devices & microprocessors, capacitors, transformers, cable joints, industrial magnets, solenoids, and others. The end users of the market are electronics, aerospace, automotive, industrial, and others. The market is segmented based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the global silicone potting compounds market throughout the forecast period.

The major players operating in the industry have adopted product launch as their key strategy to increase their market shares. In December 2015, Henkel AG & Co. KGaA announced the development and commercialization of GAP FILLER 1400 SL-silicone-based, liquid gap filling material.

Some of the Major Players Profiled in this Report are

Henkel AG & Co. KGaA
Dow Corning Corporation
Novagard Solutions

LORD Corporation
ELANTAS GmbH
Master Bond Inc.
MG Chemicals
Dymax Corporation

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KEY BENEFITS

This report provides an extensive analysis of the current trends and emerging estimations & dynamics of the global silicone potting compounds market.
In-depth analysis of the key segments of the market is provided in the report for the period of 2014 to 2022.
Competitive intelligence of leading manufacturers and distributors of silicone potting compounds assists in understanding the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the market growth is included in the study.
Extensive analysis of the silicone potting compounds market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key market players are profiled and their strategies are thoroughly analyzed to get a competitive outlook of the industry.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the global Silicone Potting Compounds Market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.

The degree of competition among prominent global companies has been developed by analyzing several leading Silicone Potting Compounds Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries.

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Silicone Potting Compounds Market Key Segments

By Curing Technique

UV Curing
Thermal Curing
Room Temperature Curing

By Application

Capacitors
Transformers
Cable Joints
Industrial Magnets
Solenoids
Others
Surface Mount Packages
Beam Bonded Components
Memory Devices & Microprocessors
Others

By End User

Electronics
Aerospace
Automotive
Industrial
Others

By Geography

North America
U.S.
Canada
Mexico
Others
Europe
UK
Germany
France
Spain
Italy
Others
Asia-Pacific
China
Japan
India
Korea
Australia
Others
LAMEA
Brazil
KSA
South Africa
Others

*Other players in the value chain include

Aremco Products Inc.
RBC Industries, Inc
The 3M Company
GS Polymers
Epoxies Etc.
Quantum Silicones, LLC.
Adset Materials Company
Polycast Industries, Inc.

Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

• How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
• What is the outlook for the impact market during the forecast period 2021-2030?
• What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
• What is the end user perception toward?
• How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
• What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
• What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
• What are the key strategies adopted by companies in the impact market?
• What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
• What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
• Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
• Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
• Which are the key players in the impact market?

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