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.
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A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
Based on resin type, the silicone segment contributed to the largest market share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its leadership status throughout the forecast period. However, the polyester segment is estimated to grow at the highest CAGR of 4.4% from 2020 to 2027.
The Potting compound market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on region, 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.
Potting compound Companies Covered Market:- 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 and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the Potting compound market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Potting compound market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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