Emergence of suitable properties for electronic applications and increased consumer electronic industry output & trend for miniaturization fuel the growth of the global potting compound market.
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.
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According to the report, the global potting compound industry was estimated at $3.1 billion in 2019, and is expected to hit $4.1 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027.
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.
The silicone segment accounted for nearly one-third of the global potting compound market share in 2019 and is projected to retain its dominance by the end of 2027. Surge in demand for silicone potting compounds from applications such as automotive, electronics, photo voltaic & solar power, and aerospace & transport systems fuels the segment growth. The polyester segment, on the other hand, would register the fastest CAGR of 4.4% during the study period. This is attributed to increase in demand for polyesters potting compounds for a number of applications.
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.
Asia-Pacific, followed by North America, held the highest share in 2019, generating nearly half of the global potting compound market. The same region would also portray the fastest CAGR of 4.8% by 2027. This is attributed to the presence of large number of key players and availability of commendable manufacturing facilities in this province.
Potting compound Covered Market:- Aremco Products, Inc., Dow, Inc., Huntsman International LLC, Dymax Corporation, Henkel AG & Co. KGaA, Lord Corporation, Hitachi Chemical Co., Ltd., 3M and Other.
Scope of the report:
- Potting compound Market Size and Forecasts (2019–2026)
- Key winning strategies and top impacting factors
- Competitive Landscape and company profiles of leading market players
- Detailed segmentation with grass-root level analysis
- Porter’s Five Forces Analysis
- Market dynamics and its description
- Product portfolio, business performance, and strategic developments
- Data & statistics in tabular and graphical format
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