Key Findings for the Global Potting Compounds Market 2018-2022 | Technavio

LONDON–(BUSINESS WIRE)–#Plastics—Technavio
projects the global
potting compounds market to post a CAGR of close to 4%
during the forecast period. The increased demand for better barrier
protection is a key driver, which is expected to impact market growth.

Potting compounds are used for curing and encapsulation of electronics
and electricals. They provide protection from moisture, chemicals,
shock, voltage discharge, vibration, and physical damage. Epoxy resins
are one of the best barrier protector resins, as they provide good
adhesion and high temperature and chemical resistance. Another advantage
of epoxy resins is that they adhere to a range of substrates without the
need of primers. Similarly, other resins such as polyurethane and
silicone resins provide high barrier protection, which make them ideal
as potting compounds. These properties are driving the demand for
potting compounds globally.

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In this report, Technavio highlights the introduction of medical-grade
potting compounds as one of the key trends to drive global potting
compounds market:

Introduction of medical-grade potting compounds

Recently, manufacturers of potting compounds have launched a
biocompatible epoxy adhesive, which is suitable for potting and
encapsulation, for bonding temperature sensitive substrates. The
chemical resistance of this adhesive is higher than other common
cleaning agents that are used for medical devices such as isopropyl
alcohol. The biocompatible adhesive is devoid of solvents and can be
used for a range of substrates such as glass, ceramics, metals,
polystyrene, and polyurethane. It also has a special heat-curing
mechanism for "shadowed out" areas. This acts as an add-on to the
current potting compounds.

According to a senior analyst at Technavio for plastics,
polymers, and elastomers research, ÔÇ£The biocompatible
epoxy systems exhibit dimensional stability along with a low coefficient
of thermal expansion, consistency, and impressive dielectric
characteristics for potting or encapsulation. Thus, this trend is
expected to drive the demand and innovation in the field of potting
compounds.ÔÇØ

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Market segmentation and analysis through 2022

This market research report segments the by application (electronics and
electricals), by product (epoxy resins, silicone resins, polyurethane
resins, polyesters, and polyamides) and key regions (the Americas, APAC,
and EMEA).

The epoxy resins segment dominated the global
potting compounds market with a share of around 28%, followed by
silicone resins as epoxy resins provide good adhesion and high
temperature and chemical resistance. The market share of these two
segments is expected to increase over the forecast period, while all the
other product segments will witness a small decline in their market
share.

In 2017, APAC dominated the market with a share of close to 41%,
followed by the Americas and APAC. generated the highest revenue
accounting for more than 45% share of the market. APAC is also the only
region expected to witness an increase in its market share over the
forecast period.

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