North America Potting Compounds Market Report
RA00017
North America Potting Compounds Market by Resin Type (Epoxy, Polyurethane, Silicone, Polyester, Polyamide, Polyolefin and Acrylics), by Curing Technique (UV, Thermal and Room Temperature), by Application (Surface Mount Packages, Beam Bonded Components, Memory Devices & Microprocessors, Capacitors, Transformers, Cable Joints, Industrial Magnets, Solenoids, and Others), and by End-user (Electronics, Aerospace, Automotive, Industrial, and Others): North America Opportunity Analysis and Industry Forecast, 2018-2025
Update Available On-Demand
North America Potting Compound Market Overview:
The North America potting compound market was valued at $ 728 million in 2017 and is projected to reach $ 931 million by 2025, growing at a CAGR of 3.2% from 2018 to 2025. Potting compounds are encapsulants compound that are used in the electronic assembly to secure the electronic component, equipment, and products by maintaining its quality. Silicone, epoxy, and polyurethane are the most important resins used in the potting process, which exhibit outstanding properties against environmental conditions.
Potting is a process of filling an electronics component with solid or gelatinous compounds in order to electrically insulate a device and to protect it from the surrounding environment. Thermosetting plastics or silicone rubber gels are frequently used in potting compound, though epoxy resins are also very common compound. It is flame retardants, vibration, and heat resistant compound. Potting compounds find a large range of applications in the electronics sector includes capacitors, cable joints, solenoids, memory devices, microprocessors, and others.
The growing electronics sector is expected to increse the demand for potting compounds in future. In addition, factors such as, the rising demand from other end-use industries such as transportation and aerospace is also expected to drive the growth of the North American potting compounds market over the coming years. However, stringent government regulations that affect to the reduction of VOC (Volatile Organic Compounds) emissions are expected to restrain the growth of the North American potting compounds market. As the market is developed fully in North America, the only way for manufacturers to stand out is to adopt strategies such as product development and mergers & acquisitions. Moreover, increase in investment on R&D activities for potting compound product is offer to healthy growth opportunity to the North America potting compound market.
The market is segmented based on resin type, curing technique, application, end use, and region. Based on resin type, it is classified into epoxy, polyurethane, silicone, polyester, polyamide, polyolefin and acrylics. Based on curing technique, it is divided into UV, thermal and room temperature. Based on application, it is classified into surface mount packages, beam bonded components, memory devices & microprocessors, capacitors, transformers, cable joints, industrial magnets, solenoids, and others. Based on end-use, it is classified into electronics, aerospace, automotive, industrial, and others. By country, it is analyzed across North American countries U.S., Mexico, and Canada.
The major key players operating in the North America potting compound industry include Henkel AG & Co.KGaA, H.B. Fuller Company, ELANTAS GmbH, MG Chemicals, Dymax Corporation, LORD Corporation, Robnor ResinLab Ltd, Huntsman International LLC., Wacker Chemie AG, and Solvay. The North American companies are expanding their business in emerging markets to increase their North American footprint. The companies are adopting various strategies like mergers, collaboration, acquisition and agreement for business expansion and technological advancements
The degree of industry attractiveness in the North America potting compound market is analyzed based on impact of five major forces on the market. Porter’s five forces analysis includes the impact of suppliers, industry rivals, new entrants, substitute products, and buyers on the market growth. Porter’s five forces model analyzes the macro- and microbusiness factors of the North American market. The suppliers for potting compounds include various domestic and international producers of epoxy, polyurethane, silicone, polyester, polyamide, polyolefin and acrylics potting compounds. The consumers in the market are from aerospace, automotive, electronics and others.
Based on country, U.S. accounts for major share in the North America potting compound market and it is also attributed to be the fastest growing countries followed by U.S., and Mexico. The silicone and epoxy segments are expected to witness significant growth rates over the forecast period. On the other hand, the automotive industry is anticipated to exhibit highest growth rate during review period on account of high growth in automotive production and sales in U.S.
Based on resin type, the potting compound segment dominated the market in 2017, owing to increase in use of silicon and epoxy compounds in electronics and automotive industry. On the other hand, polyester resin segment is also anticipated to exhibit highest CAGR during the forecast period.
Based on curing technique, the market is divided into UV curing, thermal curing, and room temperature curing. UV curing technique is accounted for the largest market share in 2017 and it is anticipated to continue its dominance during the forecast period in U.S. This factor such as increasing the growth of the North America potting compound market.
Based on application, the market is divided into electrical and electronics. Electronics applications acquired the largest market share in 2017 as a result of major demand for potting compounds in the surface mount packages and memory devices and microprocessors applications.
Based on end use, the electronic segment is expected to grow with the highest CAGR during the forecast period. Electronics end use industry was the largest shareholder in 2017 due to suitable properties of potting compounds in the electronics and electrical applications. The demand for potting compound in U.S. is expected to increase in the coming decade owing to the commencement of several electronics infrastructural projects over the coming years.
KEY BENEFITS FOR STAKEHOLDERS
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the potting compound industry for strategy building.
- It outlines the current potting compound market trends and future scenario of the market size from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
- The profiles of key players along with their key strategic developments are enlisted in the potting compound market analysis.
KEY MARKET SEGMENTS
By Type
- Epoxy
- Polyurethane
- Silicone
- Polyester
- Polyamide
- Polyolefin
- Acrylics
By Curing Technique
- UV
- Thermal
- Room Temperature
By Application
- Surface Mount Packages
- Beam Bonded Components
- Memory Devices & Microprocessors
- Capacitors
- Transformers
- Cable Joints
- Industrial Magnets
- Solenoids
- Others
By End-Use
- Electronics
- Aerospace
- Automotive
- Industrial
- Others
By Country
- U.S.
- Canada
- Mexico
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top Investment Pockets
2.1.2. Market Player Positioning, 2018
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market Definition And Scope
3.2. Parent/Peer Market Overview
3.3. Key Forces Shaping North America Potting Compound Market
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Intensity of rivalry
3.3.5. Bargaining power of buyers
3.4. Pricing Analysis
3.4.1. Pricing Analysis of Potting Compound Market, By Country, 2018 to 2025
3.4.2. Pricing Analysis of Potting Compound Market, By Resin Type, 2018 to 2025
3.4.3. Pricing Analysis of Potting Compound Market, By Curing Technique, 2018 to 2025
3.4.4. Pricing Analysis of Potting Compound Market, By Application, 2018 to 2025
3.4.5. Pricing Analysis of Potting Compound Market, By End-User, 2018 to 2025
3.5. Value Chain Analysis
3.6. Impact Of Government Regulations On Potting Compound Market
3.7. Patent Analysis
3.8. Market Dynamics
3.8.1. Drivers
3.8.2. Restraints
3.8.3. Opportunities
CHAPTER 4: NORTH AMERICA POTTING COMPOUND MARKET, BY RESIN TYPE
4.1. Overview
4.2. EPOXY
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, By Country
4.3. POLYURETHANE
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, By Country
4.4. SILICONE
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, By Country
4.5. POLYESTER
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, By Country
4.6. POLYAMIDE
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, By Country
4.7. POLYOLEFIN
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, By Country
4.8. ACRYLICS
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, By Country
CHAPTER 5: NORTH AMERICA POTTING COMPOUND MARKET, BY CURING TECHNIQUE
5.1. Overview
5.2. UV CURING
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, By Country
5.3. THERMAL CURING
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, By Country
5.4. ROOM TEMPERATURE CURING
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, By Country
CHAPTER 6: NORTH AMERICA POTTING COMPOUND MARKET, BY APPLICATION
6.1. Overview
6.2. Surface Mount Packages
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, By Country
6.3. Beam Bonded Components
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, By Country
6.4. Memory Devices & Microprocessors
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, By Country
6.5. Capacitors
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, By Country
6.6. Transformers
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, By Country
6.7. Cable Joints
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, By Country
6.8. Industrial Magnets
6.8.1. Key market trends, growth factors and opportunities
6.8.2. Market size and forecast, By Country
6.9. Solenoids
6.9.1. Key market trends, growth factors and opportunities
6.9.2. Market size and forecast, By Country
6.10. Others
6.10.1. Key market trends, growth factors and opportunities
6.10.2. Market size and forecast, By Country
CHAPTER 7: NORTH AMERICA POTTING COMPOUND MARKET, BY END-USER
7.1. Overview
7.2. Electronics
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, By Country
7.3. Aerospace
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, By Country
7.4. Automotive
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, By Country
7.5. Industrial
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, By Country
7.6. Others
7.6.1. Key market trends, growth factors and opportunities
7.6.2. Market size and forecast, By Country
CHAPTER 8: NORTH AMERICA POTTING COMPOUND MARKET, BY COUNTRY
8.1. Overview
8.2. North America
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by Resin Type
8.2.3. Market size and forecast, by Curing Technique
8.2.4. Market size and forecast, by Application
8.2.5. Market size and forecast, by End-User
8.2.6. Market analysis by country
8.2.6.1. U.S.
8.2.6.1.1. Socio-Economic & Micro-Macro Indicators
8.2.6.1.2. Market size and forecast, by Resin Type
8.2.6.1.3. Market size and forecast, by Curing Technique
8.2.6.1.4. Market size and forecast, by Application
8.2.6.1.5. Market size and forecast, by End-User
8.2.6.2. Canada
8.2.6.2.1. Socio-Economic & Micro-Macro Indicators
8.2.6.2.2. Market size and forecast, by Resin Type
8.2.6.2.3. Market size and forecast, by Curing Technique
8.2.6.2.4. Market size and forecast, by Application
8.2.6.2.5. Market size and forecast, by End-User
8.2.6.3. Mexico
8.2.6.3.1. Socio-Economic & Micro-Macro Indicators
8.2.6.3.2. Market size and forecast, by Resin Type
8.2.6.3.3. Market size and forecast, by Curing Technique
8.2.6.3.4. Market size and forecast, by Application
8.2.6.3.5. Market size and forecast, by End-User
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. COMPETITIVE DASHBOARD
9.2. PRODUCT MAPPING OF TOP 10 PLAYER
9.3. TOP WINNING STRATEGIES, 2015 - 2018
9.3.1. Top winning strategies, by year
9.3.2. Top winning strategies, by development
9.3.3. Top winning strategies, by company
CHAPTER 10: COMPANY PROFILES
10.1. Henkel AG & Co.KGaA
10.1.1. Company overview
10.1.2. Company snapshot
10.1.3. Key Executives
10.1.4. Operating Business Segments & Product Portfolio
10.1.5. R&D Expenditure
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2. H.B. Fuller Company
10.2.1. Company overview
10.2.2. Company snapshot
10.2.3. Key Executives
10.2.4. Operating Business Segments & Product Portfolio
10.2.5. R&D Expenditure
10.2.6. Business Performance
10.2.7. Key Strategic Moves and Developments
10.3. ELANTAS GmbH
10.3.1. Company overview
10.3.2. Company snapshot
10.3.3. Key Executives
10.3.4. Operating Business Segments & Product Portfolio
10.3.5. R&D Expenditure
10.3.6. Business Performance
10.3.7. Key Strategic Moves and Developments
10.4. MG Chemicals
10.4.1. Company overview
10.4.2. Company snapshot
10.4.3. Key Executives
10.4.4. Operating Business Segments & Product Portfolio
10.4.5. R&D Expenditure
10.4.6. Business Performance
10.4.7. Key Strategic Moves and Developments
10.5. Dymax Corporation
10.5.1. Company overview
10.5.2. Company snapshot
10.5.3. Key Executives
10.5.4. Operating Business Segments & Product Portfolio
10.5.5. R&D Expenditure
10.5.6. Business Performance
10.5.7. Key Strategic Moves and Developments
10.6. LORD Corporation
10.6.1. Company snapshot
10.6.2. Key Executives
10.6.3. Operating Business Segments & Product Portfolio
10.6.4. R&D Expenditure
10.6.5. Business Performance
10.6.6. Key Strategic Moves and Developments
10.7. Robnor ResinLab Ltd.
10.7.1. Company overview
10.7.2. Company snapshot
10.7.3. Key Executives
10.7.4. Operating Business Segments & Product Portfolio
10.7.5. R&D Expenditure
10.7.6. Business Performance
10.7.7. Key Strategic Moves and Developments
10.8. Huntsman International LLC.
10.8.1. Company overview
10.8.2. Company snapshot
10.8.3. Key Executives
10.8.4. Operating Business Segments & Product Portfolio
10.8.5. R&D Expenditure
10.8.6. Business Performance
10.8.7. Key Strategic Moves and Developments
10.9. Wacker Chemie AG
10.9.1 Company overvie
10.9.2. Company snapshot
10.8.3. Key Executives
10.8.4. Operating Business Segments & Product Portfolio
10.8.5. R&D Expenditure
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. Solvay
10.10.1. Company overview
10.10.2. Company snapshot
10.10.3. Key Executives
10.10.4. Operating Business Segments & Product Portfolio
10.10.5. R&D Expenditure
10.10.6. Business Performance
10.10.7. Key Strategic Moves and Developments
CHAPTER 11: APPENDIX
Potting compounds are at the forefront of an electronic assembly, offering required protection in harmful environmental circumstances. They are used within an extensive array of consumer electronics and also in industrial verticals including aerospace, automotive, and other industries where electronic assemblies are customary. Electronics potting compounds are a perpetual protecting solution which will endure to be a vital part of the unit to safeguard the electronic assembly while offering several advantages such as heat dissipation, improved mechanical strength, environmental influences, chemical protection, corrosion resistance, vibration or shock resistance, and electrical insulation.
Potting compounds also help in solving several complications during the production and assemblage of electronics devices. The key motives for preferring to use potting compounds over other sorts of sealant are to safeguard the devices from moisture for averting short circuits, to provide augmented chemical safety in intricate assemblies, to offer mechanical shock and/or vibration resistance in challenging environments, and lastly, to offer concealment of the intellectual property placed inside the highly developed electric circuit.
The growing electronics industry in the North America is projected to upsurge the demand for potting compounds in the upcoming years. Furthermore, the escalating demand for potting compounds from other end-use industrial sectors such as transport and aerospace is projected to fuel the growth of the North American potting compounds market in the years to come.
Newest Insights in the North America Potting Compound Market
As per a report by Research Dive, the North America potting compound market is expected to surpass $931 million by 2025, rising at a CAGR of 3.2% from 2018 to 2025. As per analysts, the electronic segment of the market is anticipated to rise with a significant CAGR in the estimated period. The thriving electronics sector in North America is the key reason for driving this market growth. The U.S. market is expected to grab a maximum share of the North America potting compound market, mainly because of the bulging demand for potting compounds due to rising initiation of numerous electronics infrastructural projects in the country.
How are Market Players Retorting to the Rising Demand for Potting compound?
Market players are significantly investing in ground-breaking product launches to cater the growing demand for potting compounds. Some of the foremost players of the North America potting compound market are H.B. Fuller Company, Wacker Chemie AG, ELANTAS GmbH, MG Chemicals, Dymax Corporation, LORD Corporation, Henkel AG & Co.KGaA, Robnor ResinLab Ltd, Huntsman International LLC., Solvay, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a foremost position in the North America potting compound market.
For instance, in January 2020, Henkel AG & Co.KGaA, a globally operating technology platform for customized adhesive bonding, sealing, and potting solutions, expanded its portfolio with its Sonderhoff brand.
In May 2021, HZO, a foremost supplier of first-rate nanocoatings that protect electrical, electronics products, and critical applications, entered into a strategic collaboration with Dymax, a worldwide forerunner in the manufacture of potting compounds, rapid light-cure adhesives, conformal coatings, and complementary dispensing as well as curing equipment.
In June 2021, Solvay, a Belgian multinational chemical company, launched AeroPaste 1006, 1009, and 1100 adhesive pastes as well as BR 179 non-chromate primer for the aerospace industry.
Such developments by market players are likely to flourish the growth of the North America potting compound market in the coming years
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