Silicon potting compound: Introduction
• Silicon potting compound is widely used in the electronics industry, as it is used to protect electronic components from the surrounding environment. Silicon potting compound insulates the electronic device and protects it from moisture.
• Silicone potting compound has excellent electrical property; performs correctly under a wide temperature range; possesses good chemical, humidity, & water resistance properties;, and it is easy to use
• Rise in demand for shield sensitive components from various industries such as automotive, computing, communications, is expected to boost the market silicon potting compound market
• Demand for silicone potting compounds is estimated to increase in the near future, owing to the expansion of the electronics industry
• Thermosetting plastics, epoxy, polyurethane, and silicon rubber gels are commonly utilized as silicone potting compounds. These compounds can be applied to power transformers, circuit boards, relays, amplifiers, coils equipment; and can be used across various industries such as electronics, aerospace, automotive, energy, marine, and solar power.
• Development of ultraviolet (UV)-cured silicone potting compounds is also driving the silicon potting compound market. These compounds offer good insulation properties, bond strength, and lower energy consumption.
Silicon Potting Compound Market: Segments
• The silicon potting compound market can be segmented based on type, application, and region
• Based on type, the silicon potting compound market can be bifurcated into UV and Thermal
• In terms of application, the global silicon potting compound market can be segregated into electronics, aerospace, automotive, industrial, others
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COVID-19 Impact on Silicon Potting Compound Market
Emergence of the new COVID strain in several developed and developing countries has adversely affected the electronics industry. Shutdown in various countries across the globe has prohibited import of various components including raw materials required in the production of silicon potting compounds.
• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
• China is the major exporter of silicon and silica, which are raw materials for silicon potting compounds. Transportation restrictions imposed because of COVID-19 outbreak led to reduced factory output, and thus hampered the silicon potting compound market.
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Asia Pacific to Dominate Silicon Potting Compound Market
• In terms of geography, the global silicon potting compound market can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
• In terms of region, countries such as China, India, Japan, South Korea and Malaysia are leading the silicon potting compound market in Asia Pacific due to an increase in use of silicon potting compound in electrical and electronic appliances. Rapid expansion of industries in Asia Pacific is fueling the demand for silicon potting compounds in electronics and electrical applications.
• China plays a very important role in driving the silicon potting compound market, as it is the world’s largest market for electronics
• North America is an emerging region of the global silicon potting compound market. Increasing industrialization and improvement in disposable income are key reasons propelling the silicon potting compound market in the region
• The silicon potting market in Europe, particularly in countries such as the U.K., Germany, and France, has been expanding significantly due to rapid industrialization
• Demand for silicon potting compound is expected to increase in Latin America and Middle East & Africa in the near future
Key Manufacturers Operating in Silicon Potting Compound Market
Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global silicon potting compound market include:
• Henkel, Dow Corning
• Novagard Solutions
• LORD
• ELANTAS
• Master Bond
• MG Chemicals
• Dymax Corporation
• Noelle Industries
• Elkem ASA
• Robnor ResinLab Ltd
• Huntsman International LLC
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