Rise of the consumer electronic industry, trend for miniaturization, and suitability for electronic applications drive the growth of the global potting compound market. Asia-Pacific accounted for the largest share of the market in 2019, and will maintain its lead throughout the forecast period. Lockdown imposed in many countries has stopped manufacturing activities of electronics parts. Moreover, there has been a shortage of raw materials due to delays in supply.
According to the report published by Allied Market Research, the global potting compound industry generated $3.1 billion in 2019, and is expected to garner $4.1 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The potting compound market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the potting compound market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the potting compound market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The electrical segment accounted for the highest market share, contributing to more than half of the total share in 2019, and is estimated to continue its dominance by 2027. However, the electronic segment is estimated to grow at the largest CAGR of 4.5% during the forecast period.
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Some ruling enterprises in the global potting compound market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global potting compound industry include Altana AG, Dow, Inc., Aremco Products, Inc., Henkel AG & Co. KGaA, Dymax Corporation, Huntsman International LLC
Asia-Pacific accounted for the largest share of the global potting compound market, contributing to nearly half of the total share in 2019, and will maintain its lead throughout the forecast period. Moreover, this region is estimated to grow at the fastest CAGR of 4.8% from 2020 to 2027. The report also discusses regions such as North America, Europe, and LAMEA.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the potting compound market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the potting compound market
- Post-sales support and free customization
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