North America Potting Compound Market Size, Share & Trends Analysis Report By Application, By Curing Technology (UV Curing, Thermal Curing, and Room Temperature Curing), By End User, By Resin Type, By Country and Growth Forecast, 2023 - 2030
The North America Potting Compound Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 209.86 kilo tonnes, showcasing a growth of 3.0% (2019-2022).
Electrical potting compounds are extensively used across industries for encapsulating and protecting electronic components from environmental factors, mechanical stress, and moisture. These compounds create a protective barrier around sensitive components, ensuring long-term reliability and performance. Thus, the US market consumed 169.39 kilo tonnes of potting compounds in the market 2022.
The US market dominated the North America Potting Compound Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $867.8 million by 2030. The Canada market is experiencing a CAGR of 4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.7% during (2023 - 2030).
Potting is filling or introducing solid compounds in a complete electronic assembly for shock and vibration resistance and protection from moisture and corrosive agnates. With the proliferation of electronic devices in sectors such as automotive, aerospace, consumer electronics, and industrial automation.
Additionally, there's an increased need to protect sensitive electronic components from environmental factors like moisture, dust, vibration, and thermal stress.
The Canadian aircraft sector is experiencing an increasing demand for lightweight materials to minimize emissions and increase fuel efficiency. Advancements in aerospace electronics, such as avionics systems, flight controls, communication systems, and navigation equipment, drive the demand for advanced encapsulation solutions in Canada.
Based on Application, the market is segmented into Electrical, and Electronics. Based on Curing Technology, the market is segmented into UV Curing, Thermal Curing, and Room Temperature Curing. Based on End User, the market is segmented into Electronics, Aerospace, Automotive, Industrial, and Others. Based on Resin Type, the market is segmented into Silicone, Epoxy, Polyurethane, Polyester, Polyamide, Polyolefin, and Acrylics. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- The Dow Chemical Company
- Dymax Corporation
- Henkel AG & Company, KGaA
- Huntsman Corporation
- MG Chemicals
- Wacker Chemie AG
- 3M Company
- WEVO-CHEMIE GmbH
- Shanghai SEPNA Chemical Technology Co., Ltd.
- Master Bond Inc.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Electrical
- Electronics
- UV Curing
- Thermal Curing
- Room Temperature Curing
- Electronics
- Aerospace
- Automotive
- Industrial
- Others
- Silicone
- Epoxy
- Polyurethane
- Polyester
- Polyamide
- Polyolefin
- Acrylics
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Potting Compound Market, by Application
- 1.4.2 North America Potting Compound Market, by Curing Technology
- 1.4.3 North America Potting Compound Market, by End User
- 1.4.4 North America Potting Compound Market, by Resin Type
- 1.4.5 North America Potting Compound Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Potting Compound Market.
- Chapter 5. North America Potting Compound Market by Application
- 5.1 North America Electrical Market by Region
- 5.2 North America Electronics Market by Region
- Chapter 6. North America Potting Compound Market by Curing Technology
- 6.1 North America UV Curing Market by Country
- 6.2 North America Thermal Curing Market by Country
- 6.3 North America Room Temperature Curing Market by Country
- Chapter 7. North America Potting Compound Market by End User
- 7.1 North America Electronics Market by Country
- 7.2 North America Aerospace Market by Country
- 7.3 North America Automotive Market by Country
- 7.4 North America Industrial Market by Country
- 7.5 North America Others Market by Country
- Chapter 8. North America Potting Compound Market by Resin Type
- 8.1 North America Silicone Market by Country
- 8.2 North America Epoxy Market by Country
- 8.3 North America Polyurethane Market by Country
- 8.4 North America Polyester Market by Country
- 8.5 North America Polyamide Market by Country
- 8.6 North America Polyolefin Market by Country
- 8.7 North America Acrylics Market by Country
- Chapter 9. North America Potting Compound Market by Country
- 9.1 US Potting Compound Market
- 9.1.1 US Potting Compound Market by Application
- 9.1.2 US Potting Compound Market by Curing Technology
- 9.1.3 US Potting Compound Market by End User
- 9.1.4 US Potting Compound Market by Resin Type
- 9.2 Canada Potting Compound Market
- 9.2.1 Canada Potting Compound Market by Application
- 9.2.2 Canada Potting Compound Market by Curing Technology
- 9.2.3 Canada Potting Compound Market by End User
- 9.2.4 Canada Potting Compound Market by Resin Type
- 9.3 Mexico Potting Compound Market
- 9.3.1 Mexico Potting Compound Market by Application
- 9.3.2 Mexico Potting Compound Market by Curing Technology
- 9.3.3 Mexico Potting Compound Market by End User
- 9.3.4 Mexico Potting Compound Market by Resin Type
- 9.4 Rest of North America Potting Compound Market
- 9.4.1 Rest of North America Potting Compound Market by Application
- 9.4.2 Rest of North America Potting Compound Market by Curing Technology
- 9.4.3 Rest of North America Potting Compound Market by End User
- 9.4.4 Rest of North America Potting Compound Market by Resin Type
- Chapter 10. Company Profiles
- 10.1 The Dow Chemical Company
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.1.5.2 Product Launches and Product Expansions:
- 10.1.5.3 Acquisition and Mergers:
- 10.1.6 SWOT Analysis
- 10.2 Dymax Corporation
- 10.2.1 Company Overview
- 10.2.1.1 Partnerships, Collaborations, and Agreements:
- 10.2.2 SWOT Analysis
- 10.3 Henkel AG & Company, KGaA
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expense
- 10.3.5 SWOT Analysis
- 10.4 Huntsman Corporation
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expenses
- 10.4.5 SWOT Analysis
- 10.5 M.G. Chemicals
- 10.5.1 Company Overview
- 10.5.2 SWOT Analysis
- 10.6 Wacker Chemie AG
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 SWOT Analysis
- 10.7 3M Company
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segmental and Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 SWOT Analysis
- 10.8 WEVO-CHEMIE GmbH
- 10.8.1 Company Overview
- 10.8.2 Recent strategies and developments:
- 10.8.2.1 Product Launches and Product Expansions:
- 10.8.3 SWOT Analysis
- 10.9 Shanghai SEPNA Chemical Technology Co., Ltd
- 10.9.1 Company Overview
- 10.9.2 SWOT Analysis
- 10.10. Master Bond Inc.
- 10.10.1 Company Overview
- 10.10.2 SWOT Analysis
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