According to the latest report by IMARC Group, titled “Silicone Potting Compounds Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global silicone potting compounds market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Silicone potting compounds are liquid composites used to fill electrical devices for protection against the surrounding environment. Epoxy, silicone rubber gels, thermosetting plastics and polyurethane are some of the commonly used silicone potting compounds. These compounds provide protection against dust, heat and moisture to prevent short circuits, heat dissipation and resistance from shock. They can be applied to transformers, cable joints, solenoids, capacitors, surface-mount packages, beam bonded components and microprocessors. These compounds provide minimal shrinkage, outgassing, enhanced thermal conductivity and higher strength. They find extensive application across various industries, such as aerospace, automotive, consumer electronics, energy and power.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Silicone Potting Compounds Market Trends:
The global silicone potting compounds market is primarily being driven by the widespread product adoption in the electronics industry. Silicone potting compounds are widely utilized to shield sensitive components from moisture, vibration, heat, contamination and physical shocks. Moreover, various product innovations, such as the development of ultraviolet (UV)-cured silicone potting compounds that offer enhanced bond strength and insulation properties, are providing a thrust to the market growth. Other factors, including the increasing product utilization in the aerospace industry, along with the rising demand for miniaturized devices, are anticipated to drive the market toward growth.
Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Altana AG
- CHT Germany GmbH
- Dymax Corporation
- Henkel AG & Co. KGaA
- Hernon Manufacturing Inc
- Master Bond Inc.
- MG Chemicals
- Novagard Solutions
- Parker-Hannifin Corp.
- The Dow Chemical Company (Dow Inc)
Breakup by Curing Technique:
- UV Curing
- Thermal Curing
- Room Temperature Curing
Breakup by Application:
Breakup by End Use Industry:
- Consumer Electronics
- Energy and Power
Breakup by Region:
- Middle East and Africa
- North America
- Latin America
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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