(MENAFN- PR Newswire) DUBLIN, Aug. 31, 2023 /PRNewswire/ -- The "Potting Compound Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Resin Type (Epoxy, Polyurethane, Silicone, Polyester, Others), By Curing Technology, By End User, By Region and Competition" report has been added to
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The global potting compound market is on track to experience remarkable growth from now until 2028, primarily fueled by the escalating demand emanating from the electronics and automotive industries. With the revenue in the electronics sector projected to reach USD 355.20 billion by 2023, the potting compound market is poised for a substantial expansion.
Safeguarding Fragile Components:
Potting compound, often referred to as encapsulation resin, serves as a crucial line of defense for electronic and electrical components, protecting them against external elements such as moisture, dust, and vibrations. This adaptable liquid material solidifies upon application, forming a robust and insulating layer around the component. Potting compounds deliver an array of benefits, including shielding components from potential environmental hazards that could lead to damage or failure.
Assorted Benefits and Varieties of Potting Compounds:
The key advantage of potting compounds lies in their ability to provide reliable protection against environmental threats such as moisture, dust, and contamination. Additionally, these compounds can effectively absorb vibrations, mitigating the risk of damage caused by shocks or movement. The market offers several types of potting compounds, with epoxy, silicone, and polyurethane standing out as the most prevalent options. Epoxy compounds are renowned for their strong adhesion and chemical resistance, silicone compounds offer flexibility and temperature resistance, and polyurethane compounds excel in shock resistance.
Wide-ranging Applications Across Industries:
The versatility of potting compounds finds applications across a diverse spectrum of industries. In the automotive sector, these compounds play a vital role in safeguarding sensors, switches, and varielectronic components from harsh conditions including heat, moisture, and vibrations. In the aerospace industry, potting compounds are deployed to shield electronic components in aircraft from the extreme temperatures and vibrations inherent to flight. Meanwhile, the medical device industry leverages potting compounds to protect sensitive electronics from environmental factors that could potentially impact performance.
Dynamic Market Forces:
The potting compound market is experiencing rapid growth, largely propelled by the growing demand for electronic and electrical devices across variindustries. The market is segmented based on resin type, curing technique, application, and region.
Market Segmentation:
Resin Type:
Epoxy Polyurethane Silicone Polyester Others
Curing Technology:
UV Curing Thermal Curing Room Temperature Curing
End User:
Electronics Aerospace Automotive Industrial Others
Key Players:
3M Company AreProducts Inc. DuPont de Nemours Inc. Dymax Corporation EFI Polymers Henkel AG & Co. KGaA Huntsman International LLC Parker Hannifin Corporation RBC Industries Inc Element Solutions Inc
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