Potting Compound Device Market Research

The report provides a detailed analysis of market trends, investment opportunities, winning strategies, key market segments, and competitive scenarios.

WILMINGTON, DELAWARE, UNITED STATES, February 22, 2024 /EINPresswire.com/ -- The global potting compound industry, as per a report by Allied Market Research, recorded a revenue of $3.1 billion in 2019, with projections expecting it to reach $4.1 billion by 2027, marking a Compound Annual Growth Rate (CAGR) of 3.9% between 2020 and 2027. Key factors propelling this growth include the expansion of the consumer electronics sector, the trend towards miniaturization, and the suitability of potting compounds for electronic applications. However, challenges such as the inappropriate selection of potting resins have hindered market growth, though the adoption of two-component polyurethane potting compounds is anticipated to offer new opportunities in the foreseeable future.

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The Covid-19 pandemic significantly impacted the market, with lockdowns halting manufacturing activities across various countries and causing disruptions in the supply chain, resulting in shortages of raw materials. Despite this, there was a surge in demand for electronics components from the healthcare sector to address pandemic-related needs. However, supply chain disruptions hindered procurement efforts in healthcare as well as in the construction sector, leading to a slowdown in construction activities.

The report provides a detailed analysis of market trends, investment opportunities, winning strategies, key market segments, and competitive scenarios. Segmentation is based on resin type, curing technology, application, end-user, and region.

In terms of resin type, silicones held the largest market share in 2019 and are projected to maintain their dominance, while the polyester segment is expected to exhibit the highest CAGR of 4.4% during the forecast period. Application-wise, the electrical segment dominated the market in 2019 but the electronic segment is forecasted to grow at the highest CAGR of 4.5%. Geographically, Asia-Pacific led the market in 2019 and is anticipated to maintain its dominance with the fastest CAGR of 4.8%.

Key players in the global potting compound market include Altana AG, Dow Inc., Aremco Products Inc., Henkel AG & Co. KGaA, Dymax Corporation, Huntsman International LLC, Hitachi Chemical Co. Ltd., Master Bond Inc., Lord Corporation, RBC Industries Inc., MG Chemicals, Wacker Chemie AG, Shanghai SEPNA Chemical Technology Co. Ltd., Wevo-Chemie GmbH, and 3M.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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