Asia-Pacific Potting and Encapsulating Compounds Market, By Type (Epoxy, Polyurethane, Silicone, Polyester System, Polyamide, Polyolefin and Others), Substrate Type (Glass, Metal, Ceramic, Others), Function (Electrical Insulation, Heat Dissipation, Corrosion Protection, Shock Resistance, Chemical Protection, Others), Curing Technique (Room Temperature Cured, High Temperature or Thermally Cured, UV Cured), Distribution Channel ( Offline, Online), Application (Electronics, Electrical) and End-User industry (Electronics, Automotive, Aerospace, Marine, Energy & Power, Telecommunication, Healthcare, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Potting and Encapsulating Compounds Market
Asia-Pacific potting and encapsulating compounds market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.3% in the forecast period of 2021 to 2028 and expected to reach USD 1,783,325.37 million by 2028.
Potting is the process of filling a complete electronic assembly with a solid or gelatinous compound such as acrylic, silicone, or resins and improves vibration and shock resistance, protecting against corrosive substances and dampness. On the other hand, encapsulation uses a reusable mold to build a frame around an item and fill the gap between the frame and the object with chemicals. Encapsulation's primary function is to build a protective shell around the electronic assembly.
Increased consumer spending throughout the world is accelerating the expansion of the electronics sector. Consumer demand for electronics rises in response to the growth of developing countries. Electronics-producing countries have large customer bases who can afford innovative electronic items, resulting to a growth of Asia-Pacific potting and encapsulating compounds market.
This potting and encapsulating compounds market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Potting and Encapsulating Compounds Market Scope and Market Size
Asia-Pacific potting and encapsulating compounds market is segmented of the categorized into type, substrate type, function, curing technique, distribution channel, application, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, Asia-Pacific potting and encapsulating compounds market are segmented into epoxy, polyurethane, silicone, polyester, polyamide, polyolefin and others. In Asia-Pacific, the demand for the epoxy segment is more in China and India due to an increase in the investment of infrastructural projects, resulting in the demand for more potting compounds.
- On the basis of substrate type, Asia-Pacific potting and encapsulating compounds market is segmented into glass, metal, ceramic and others. In Asia-Pacific, the metal substrate type is dominating due to the benefit of heat resistance of these types of potting compounds.
- On the basis of function, Asia-Pacific potting and encapsulating compounds market is segmented into electrical insulation, heat dissipation, corrosion protection, shock resistance, chemical protection and others. In Asia-Pacific, the increase in demand for energy-saving potting compounds has propelled the demand for electrical insulation in the region.
- On the basis of curing technique, Asia-Pacific potting and encapsulating compounds market is segmented into room temperature cured, high temperature or thermally cured and UV cured. In Asia-Pacific, the increase in demand for chemical resistance techniques has propelled the demand for UV cured in the region.
- On the basis of distribution channel, Asia-Pacific potting and encapsulating compounds market is segmented into offline and online. In Asia-Pacific, the increase in demand for more discounts on electrical compounds has propelled the demand for offline in the region.
- On the basis of application, Asia-Pacific potting and encapsulating compounds market is segmented into electronics and electrical. In Asia-Pacific, the growing need for more durable potting compounds is further leading for electrical to dominate the region.
- On the basis of end-use, Asia-Pacific potting and encapsulating compounds market is segmented into electronics, automotive, aerospace, marine, energy & power, telecommunication, healthcare, and others. In Asia-Pacific, the electronics sector is dominating the market due to an increased production of smartphones and cables in developing countries.
Asia-Pacific Potting and Encapsulating Compounds Market Country Level Analysis
Asia-Pacific potting and encapsulating compounds market is analysed and market size information is provided by country, type, substrate type, function, curing technique, distribution channel, application, and end-user.
The countries covered in Asia-Pacific potting and encapsulating compounds market report are Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, and rest of Asia-Pacific.
- In Asia-Pacific, China is expected to dominate due to the increased production of smart phones and cables where potting compounds are used.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in Consumer Electronics Sector
Increased consumer spending throughout the world is accelerating the expansion of the electronics sector. Consumer demand for electronics rises in response to the growth of developing countries. Electronics-producing countries have large customer bases who can afford innovative electronic items, resulting to a growth of Asia-Pacific potting and encapsulating compounds market.
Competitive Landscape and Potting and Encapsulating Compounds Market Share Analysis
Asia-Pacific potting and encapsulating compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific potting and encapsulating compounds market.
The major market players engaged in the Asia-Pacific potting and encapsulating compounds market are Wacker Chemie AG, CHT Germany GmbH, Showa Denko Materials Co., Ltd. (A Subsidiary of Hitachi, Ltd.), 3M, Electrolube, Epoxies Etc., Dymax, Master Bond Inc., DELO, ALTANA, Epic Resins, MG Chemicals, Nagase America LLC., DuPont, Avantor, Inc., United Resin Corporation, Vitrochem Technology, Creative Materials Inc., Henkel AG & Co. KGaA, PARKER HANNIFIN CORP, Momentive, HERNON MANUFACTURING INC., among others.
For instance,
- In May 2020, Electrolube revealed the success of its ER2221 resin, which is used to safeguard EV batteries in India's most popular two-wheeler cars. The product launch was implemented to assist their Indian customers to help them to improve thermal management issues.
- In April 2021, Master Bond Inc. launched a new product, MasterSil 153AO, an adding cured two-part silicone with a self-priming property with a thermally conductive and electrically insulating structure. The product launch was made to bring variety to their existing product portfolio.
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