Potting Compound Market: 2016 World Market Industry Outlook & Forecast up to 2021

The Global Potting Compound Market size, in terms of value, is projected to reach USD 3.13 Billion by 2021, at a CAGR of 3.7% between 2016 and 2021. The high demand from the electronics industry, increasing miniaturization of electronic devices and continuous new product launches and expansion activities undertaken by different companies are the key factors for the growth of the global market.

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Epoxy resins are the most-widely used potting compound. These compounds generally have better adhesion, high temperature resistance & chemical resistance, higher rigidity, modulus & tensile strength, and very good moisture resistance. This makes it an excellent option for outdoor applications. Epoxies have excellent dielectric properties and are used extensively in potting transformers and switches. Epoxy resins have been widely used for the electronics application as they are generally hard, tough, and exhibit low shrinkage on cure.

Key companies dominated in Potting Compound Market such as ACC Silicones Ltd. (U.K.), Dymax Corporation (U.S.), EFI Polymers (U.S.), Elantas Beck India Ltd. (India), Electrolube (U.K.), Epic Resins (U.S.), Intertronics (U.K.), Master Bond Inc. (U.S.), MG Chemicals (Canada), and Henkel AG & Co. KGaA (Germany) have adopted various organic developmental strategies.

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