Global Potting and Encapsulating Compounds Market Size, Trends and Growth Opportunity, By Type (Epoxy, Polyurethane, Silicone, Polyester System, Polyamide, Polyolefin, and Others), By Substrate Type (Glass, Metal, Ceramic, Others), By Function (Electrical Insulation, Heat Dissipation, Corrosion Protection, Shock Resistance, Chemical Protection, Others), By Curing Technique (Room Temperature Cured, High Temperature or Thermally Cured, UV Cured), By Distribution Channel (Offline, Online), By Application (Electronics, Electrical) and By End-User industry (Transportation, Consumer, Electronics, Energy and Power, Telecommunication, Healthcare, Others), By Region and Forecast Till 2027.
Report ID : IR1001787 | Industries : Chemicals & Materials | Published On :June 2024 | Page Count : 155
Global Potting and Encapsulating Compounds Market Size, Trends and Growth Opportunity, By Type (Epoxy, Polyurethane, Silicone, Polyester System, Polyamide, Polyolefin, and Others), By Substrate Type (Glass, Metal, Ceramic, Others), By Function (Electrical Insulation, Heat Dissipation, Corrosion Protection, Shock Resistance, Chemical Protection, Others), By Curing Technique (Room Temperature Cured, High Temperature or Thermally Cured, UV Cured), By Distribution Channel (Offline, Online), By Application (Electronics, Electrical) and By End-User industry (Transportation, Consumer, Electronics, Energy and Power, Telecommunication, Healthcare, Others), By Region and Forecast Till 2027.
Global Potting and Encapsulating Compounds Market
Global Potting and Encapsulating Compounds Market was valued at USD 3005.99 million in 2021 and is slated to reach at USD 4489.7 million by 2027 4.52% from 2022-2027.
Potting and encapsulation are two techniques used to protect electronic assemblies from damage. Potting involves covering the entire assembly with a solid or gel-like material such as silicone, acrylic or resin to provide shock resistance, vibration damping, moisture and corrosion protection. Encapsulation is a process that utilizes a mold to produce a structure that encloses an object. The space between the object and the structure is then filled with chemicals, creating a barrier that shields the electronic assembly. This method is reusable and can be used to create protective shells around various objects.
Market Drivers
The growing demand for potting and encapsulating chemicals in the electronics industry is expected to fuel market growth. Potting is a process of filling the entire electronic assembly with solid or viscous materials, which helps in accommodating high voltage groupings without gaseous phenomena. Encapsulation, on the other hand, is a method of constructing a protective shell around the electronic assembly by filling the gap between the object and the frame with chemicals. As customers are becoming more concerned about product durability and are seeking advanced, long-lasting and durable items, the demand for potting and encapsulating electrical components is increasing. This is especially true for consumer electronics, which are more susceptible to external damage due to incorrect component handling.
Market Restraints
Silicone potting and encapsulating chemicals are known to deposit a thin layer of silicone rubber on nearby components due to their continued outgassing after preservation. This layer can interfere with electrical contacts, damage solderability, and affect paintwork. Additionally, these chemicals have a lower bonding ability, which limits their market expansion. The use of potting and encapsulating compounds presents two significant challenges that may impede market growth. The first challenge is the potential for heat generated during the curing process to damage delicate components. The second challenge is the possibility of shrinkage of the potting compound during curing, which can cause damage to hemophiliac components. These factors suggest that the demand for potting and encapsulating compounds may slow down.
Impact of COVID-19
The COVID-19 pandemic has negatively impacted the growth of the potting compound market due to the global crisis and uncertainties it has brought about. Many industries, including the automotive sector, have experienced a decline in demand and sales, which is a significant consumer of silicone potting solutions for interior, exterior, and engine components. The aerospace and industrial sectors, which also use these compounds, have also been affected by the pandemic. The supply chain and business operations have been disrupted due to delayed purchases, import-export restrictions, and travel bans. In response, silicone potting compound manufacturers have had to restructure their operations, such as reducing headcount and implementing new measures like social distancing and remote work policies. These elements have affected the silicone potting compound market during the pandemic and generated commercial difficulties.
Recent Development
Master Bond Inc. unveiled MasterSil 153AO in 2021, a new product that is a two-part silicone that has been added curing and a self-priming feature. This product's structure is both thermally and electrically conductive. To diversify their product line, they launched this product.
In 2020, Electrolube announced the accomplishment of its ER2221 resin, which protects the electric vehicle batteries in India's most popular two-wheeler vehicles. This product introduction was used to assist their Indian customers with heat management challenges.
Market Segmentation
The global potting and encapsulating compounds market is segmented into type, substrate type, function, curing technique, distribution channel, application, end-use industry. By type such as epoxy, polyurethane, silicon, polyester system, polyamide, polyolefin, others. By substrate type such as glass, metal, ceramic, others. By function such as electrical insulation, heat dissipation, corrosion protection, shock resistance, chemical protection, others. By curing technique such as room temperature cured, high temperature or thermally cured, UV cured. By distribution channel such as offline, online. By application such as electronics, surface mount [package], beam bonded components, memory devices and microprocessors, high power devices, electrical, capacitors, transformers, cable points, industrial magnets, solenoids, others. By end-user industry such as transportation, automotive, aerospace, marine, consumer electronics, energy and power, solar power, others, telecommunication, healthcare, others.
Regional Analysis
The potting and encapsulating compounds market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market for potting and encapsulating compounds is anticipated to be dominated by Asia-Pacific because of the region's expanding need for consumer electronics devices. The market's expansion in this area will also be aided by the simple fabrication and installation of potting and encapsulating compounds made from superior grade raw ingredients. North America is anticipated to experience the quickest growth throughout the forecast period due to the region's growing need for the potting and encapsulating materials used in high-power devices. The market expansion in this area will also be aided by the transportation industry's rising demand for environmentally acceptable potting and encapsulating materials.
Key Players
This report includes a list of numerous key players, namely Momentive (U.S.), Henkel AG and Co. KgaA(Germany), Solvay (Belgium), Avantor, Inc. (U.S.), ELANTAS (Germany), Electrolube (U.K.), Epoxies, Etc. (U.S.), Dymax (U.S.), Master Bond Inc. (U.S.), Owens Corning (U.S.).
Market Taxonomy
By Type
• Epoxy
• Polyurethane
• Silicon
• Polyester System
• Polyamide
• Polyolefin
• Others
By Substrate Type
• Glass
• Metal
• Ceramic
• Others
By Function
• Electrical Insulation
• Heat Dissipation
• Corrosion Protection
• Shock Resistance
• Chemical Protection
• Others
By Curing Technique
• Room Temperature Cured
• High Temperature or Thermally Cured
• UV Cured
By Distribution Channel
• Offline
• Online
By Application
• Electronics
• Surface Mount [Package
• Beam Bonded Components
• Memory Devices and Microprocessors
• High Power Devices
• Electrical
• Capacitors
• Transformers
• Cable Points
• Industrial Magnets
• Solenoids
• Others
By End-User industry
• Transportation
• Automotive
• Aerospace
• Marine
• Consumer Electronics
• Energy and Power
• Solar Power
• Others
• Telecommunication
• Healthcare
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Potting and Encapsulating Compounds Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Potting and Encapsulating Compounds Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Potting and Encapsulating Compounds Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Potting and Encapsulating Compounds Market Share Analysis, By Type
5.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By Type
5.3.1 Epoxy
5.3.2 Polyurethane
5.3.3 Silicon
5.3.4 Polyester System
5.3.5 Polyamide
5.3.6 Polyolefin
5.3.7 Others
6 Global Potting and Encapsulating Compounds Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Potting and Encapsulating Compounds Market Share Analysis, By Application
6.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By Application
6.3.1 Electronics
6.3.2 Surface Mount [Package
6.3.3 Beam Bonded Components
6.3.4 Memory Devices and Microprocessors
6.3.5 High Power Devices
6.3.6 Electrical
6.3.7 Capacitors
6.3.8 Transformers
6.3.9 Cable Points
6.3.10 Industrial Magnets
6.3.11 Solenoids
6.3.12 Others
7 Global Potting and Encapsulating Compounds Market, By Substrate Type
7.1 Y-o-Y Growth Comparison, By Substrate Type
7.2 Global Potting and Encapsulating Compounds Market Share Analysis, By Substrate Type
7.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By Substrate Type
7.3.1 Glass
7.3.2 Metal
7.3.3 Ceramic
7.3.4 Others
8 Global Potting and Encapsulating Compounds Market, By Function
8.1 Y-O-Y Growth Comparison, By Function
8.2 Global Potting and Encapsulating Compounds Market Share Analysis, By Function
8.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By Function
8.3.1 Electrical Insulation
8.3.2 Heat Dissipation
8.3.3 Corrosion Protection
8.3.4 Shock Resistance
8.3.5 Chemical Protection
8.3.6 Others
9 Global Potting and Encapsulating Compounds Market, By End-User industry
9.1 Y-O-Y Growth Comparison, By End-User industry
9.2 Global Potting and Encapsulating Compounds Market Share Analysis, By End-User industry
9.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By End-User industry
9.3.1 Transportation
9.3.2 Automotive
9.3.3 Aerospace
9.3.4 Marine
9.3.5 Consumer Electronics
9.3.6 Energy and Power
9.3.7 Solar Power
9.3.8 Others
9.3.9 Telecommunication
9.3.10 Healthcare
9.3.11 Others
10 Global Potting and Encapsulating Compounds Market, By Curing Technique
10.1 Y-O-Y Growth Comparison, By Curing Technique
10.2 Global Potting and Encapsulating Compounds Market Share Analysis, By Curing Technique
10.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By Curing Technique
10.3.1 Room Temperature Cured
10.3.2 High Temperature or Thermally Cured
10.3.2 UV Cured
11 Global Potting and Encapsulating Compounds Market, By Distribution Channel
11.1 Y-O-Y Growth Comparison, By Distribution Channel
11.2 Global Potting and Encapsulating Compounds Market Share Analysis, By Distribution Channel
11.3 Global Potting and Encapsulating Compounds Market Size and Forecast, By Distribution Channel
11.3.1 Offline
11.3.2 Online
12Global Potting and Encapsulating Compounds Market, By Region
12.1 Global Potting and Encapsulating Compounds Market Share Analysis, By Region
12.2 Global Potting and Encapsulating Compounds Market Size and Forecast, By Region
13 North America Potting and Encapsulating Compounds Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 North America Potting and Encapsulating Compounds Market Share Analysis, By Type
13.3 North America Potting and Encapsulating Compounds Market Size and Forecast, By Application
13.4 North America Potting and Encapsulating Compounds Market Size and Forecast, By Substrate Type
13.5 North America Potting and Encapsulating Compounds Market Size and Forecast, By Function
13.6 North America Potting and Encapsulating Compounds Market Size and Forecast, By End-User industry
13.7 North America Potting and Encapsulating Compounds Market Size and Forecast, By Curing Technique
13.8North America Potting and Encapsulating Compounds Market Size and Forecast, By Distribution Channel
13.9 North America Potting and Encapsulating Compounds Market Size and Forecast, By Country
13.9.1 U.S.
13.9.2 Canada
13.9.3 Mexico
14EuropePotting and Encapsulating Compounds Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Europe Potting and Encapsulating Compounds Market Share Analysis, By Type
14.3 Europe Potting and Encapsulating Compounds Market Size and Forecast, By Application
14.4 Europe Potting and Encapsulating Compounds Market Size and Forecast, By Substrate Type
14.5 Europe Potting and Encapsulating Compounds Market Size and Forecast, By Function
14.6 Europe Potting and Encapsulating Compounds Market Size and Forecast, By End-User industry
14.7 Europe Potting and Encapsulating Compounds Market Size and Forecast, By Curing Technique
14.8 Europe Potting and Encapsulating Compounds Market Size and Forecast, By Distribution Channel
14.9 Europe Potting and Encapsulating Compounds Market Size and Forecast, By Country
14.9.1 Germany
14.9.2 France
14.9.3 UK
14.9.4. Rest of Europe
15Asia Pacific Potting and Encapsulating Compounds Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Asia Pacific Potting and Encapsulating Compounds Market Share Analysis, By Type
15.3 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By Application
15.4 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By Substrate Type
15.5 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By Function
15.6 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By End-User industry
15.7 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By Curing Technique
15.8 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By Distribution Channel
15.9 Asia Pacific Potting and Encapsulating Compounds Market Size and Forecast, By Country
15.9.1 China
15.9.2 Japan
15.9.3 India
15.9.4. Rest of Asia Pacific
16Latin America Potting and Encapsulating Compounds Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Latin America Potting and Encapsulating Compounds Market Share Analysis, By Type
16.3 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By Application
16.4 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By Substrate Type
16.5 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By Function
16.6 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By End-User industry
16.7 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By Curing Technique
16.8 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By Distribution Channel
16.9 Latin America Potting and Encapsulating Compounds Market Size and Forecast, By Country
16.9.1. Brazil
16.9.2.Rest of Latin America
17Middle East Potting and Encapsulating Compounds Market Analysis and Forecast (2022-2027)
17.1 Introduction
17.2 Middle East Potting and Encapsulating Compounds Market Share Analysis, By Type
17.3 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By Application
17.4 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By Substrate Type
17.5 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By Function
17.6 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By End-User industry
17.7 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By Curing Technique
17.8 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By Distribution Channel
17.9 Middle East Potting and Encapsulating Compounds Market Size and Forecast, By Country
17.9.1. Saudi Arabia
17.9.2. UAE
17.9.3. Egypt
17.9.4. Kuwait
17.9.5. South Africa
18Competitive Analysis
18.1 Competition Dashboard
18.2 Market share Analysis of Top Vendors
18.3 Key Development Strategies
19Company Profiles
19.1 Momentive (U.S.)
19.1.1 Overview
19.1.2 Offerings
19.1.3 Key Financials
19.1.4 Business Segment & Geographic Overview
19.1.5 Key Market Developments
19.1.6 Key Strategies
19.2 Henkel AG and Co. KgaA(Germany)
19.2.1 Overview
19.2.2 Offerings
19.2.3 Key Financials
19.2.4 Business Segment & Geographic Overview
19.2.5 Key Market Developments
19.2.6 Key Strategies
19.3 Solvay (Belgium)
19.3.1 Overview
19.3.2 Offerings
19.3.3 Key Financials
19.3.4 Business Segment & Geographic Overview
19.3.5 Key Market Developments
19.3.6 Key Strategies
19.4 Avantor, Inc. (U.S.)
19.4.1 Overview
19.4.2 Offerings
19.4.3 Key Financials
19.4.4 Business Segment & Geographic Overview
19.5 Key Market Developments
19.4.6 Key Strategies
19.5 ELANTAS (Germany)
19.5.1 Overview
19.5.2 Offerings
19.5.3 Key Financials
19.5.4 Business Segment & Geographic Overview
19.5.5 Key Market Developments
19.5.6 Key Strategies
19.6 Electrolube (U.K.)
19.6.1 Overview
19.6.2 Offerings
19.6.3 Key Financials
19.6.4 Business Segment & Geographic Overview
19.6.5 Key Market Developments
19.6.6 Key Strategies
19.7 Epoxies, Etc. (U.S.)
19.7.1 Overview
19.7.2 Offerings
19.7.3 Key Financials
19.7.4 Business Segment & Geographic Overview
19.7.5 Key Market Developments
19.7.6 Key Strategies
19.8 Dymax (U.S.)
19.8.1 Overview
19.8.2 Offerings
19.8.3 Key Financials
19.8.4 Business Segment & Geographic Overview
19.8.5 Key Market Developments
19.8.6 Key Strategies
19.9 Master Bond Inc. (U.S.)
19.9.1 Overview
19.9.2 Offerings
19.9.3 Key Financials
19.9.4 Business Segment & Geographic Overview
19.9.5 Key Market Developments
19.9.6 Key Strategies
19.10 Owens Corning (U.S.)
19.10.1 Overview
19.10.2 Offerings
19.10.3 Key Financials
19.10.4 Business Segment & Geographic Overview
19.10.5 Key Market Developments
19.10.6 Key Strategies