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Global Potting Compound Market to Progress at 4% CAGR between 2020 and 2027

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Global Potting Compound Market to Progress at 4% CAGR between 2020 and 2027

October 30
05:39 2020
Global Potting Compound Market to Progress at 4% CAGR between 2020 and 2027
GLOBAL POTTING COMPOUND MARKET SIZE STUDY, BY RESIN TYPE (EPOXY, POLYURETHANE, SILICONE, POLYESTER, POLYAMIDE, POLYOLEFIN, ACRYLICS), BY CURING TECHNOLOGY (UV CURING, THERMAL CURING, ROOM TEMPERATURE CURING), BY APPLICATION (ELECTRICAL, ELECTRONICS), BY END-USER (ELECTRONICS, AEROSPACE, AUTOMOTIVE, INDUSTRIAL, OTHERS) AND REGIONAL FORECASTS 2020-2027

Report Ocean has recently published a new research study on the global potting compound market. According to the study, the market is expected to exhibit strong growth potential over the period from 2020 to 2027. The report is titled “Global Potting Compound Market Size study, by Resin Type (Epoxy, Polyurethane, Silicone, Polyester, Polyamide, Polyolefin, Acrylics), by Curing Technology (UV Curing, Thermal Curing, Room Temperature Curing), by Application (Electrical, Electronics), by End-User (Electronics, Aerospace, Automotive, Industrial, Others) and Regional Forecasts 2020-2027” and it has been prepared by carrying out an in-depth assessment of this market based on its past and current performance and future prospects.

 GET SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw1467

The global potting compound market is gaining substantially from the increasing demand for potting compounds in a number of applications, such as beam bonded components, memory devices and microprocessors, surface-mount packages, capacitors, transformers, cable joints. The market reached a value of approximately US$3.1 bn in 2019. The report expects this market to rise at a healthy CAGR of more than 4% over the forecast period of 2020-2027. The robust rise in the consumer electronics and the transportation sectors and the increasing trend of miniaturization of electronic devices are likely to support the growth of this market in the years to come. On the flip side, the improper selection of potting resin may limit the market from progressing smoothly in the near future.

The research report also presents a regional assessment of the global potting compound market. As per the study, the market is distributed among Asia Pacific, North America, Europe, Latin America, and the Rest of the World. The dominant regional market for potting compound is Asia Pacific across the world. The considerable development in the electronics sector and the presence of a number of market players in this region is supporting the Asia Pacific market for potting compound. As per the Ministry of Industry and Information Technology (MIIT), China has surfaced as the biggest producer and exporter of consumer electronics, globally. The country is also the largest manufacturer of mobile phones, computers, laptops, and televisions combined. The regional market is anticipated to remain dominant in the near future, thanks to the rapidly increasing demand for militarization of electronic devices and the augmenting rate of urbanization.

Impact of Covid 19 on Global Potting Compound Market

The coronavirus pandemic has jeopardized many a markets. One of them is the worldwide potting compound market. Due to the economic slowdown, potting compounds have witnessed a dip in their demand over the last few months, which is reflected on the overall growth of this market.

Key Findings:

  • The dominant regional market for potting compound is Asia Pacific across the world.
  • Asia Pacific is anticipated to remain dominant in the near future, thanks to the rapidly increasing demand for militarization of electronic devices and the augmenting rate of urbanization.

The global potting compound market is segmented into:

By Resin Type

  • Epoxy
  • Polyurethane
  • Silicone
  • Polyester
  • Polyamide
  • Polyolefin
  • Acrylics

By Curing Technology

  • UV Curing
  • Thermal Curing
  • Room Temperature Curing

By Application

  • Electrical
  • Electronics

By End User

  • Electronics
  • Aerospace
  • Automotive
  • Industrial
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

Companies Mentioned in the Report

  • Altana AG
  • Aremco Products Inc.
  • Dow Inc.
  • Dymax Corp.
  • Henkel AG & Company KGaA
  • Hitachi Chemical Company Ltd.
  • Huntsman International LLC
  • LORD Corp.
  • Master Bond Inc.
  • RBC Industries Inc.

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw1467

Media Contact
Company Name: Report Ocean
Contact Person: Nishi Sharma
Email: Send Email
Phone: +91-9997112116
Address:BSI Business Park,H-15, Sector-63, Noida
City: Noida
State: UP, 201301
Country: India
Website: www.reportocean.com

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