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.
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
Silicone Potting Compounds Market Key Segments
By Curing Technique
By End User
*Other players in the value chain include
*Profiles of these players are not included. The same can be included on request
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