North America Potting Compound Market’s Growth to Thrive with Increasing Product Launches by Market Players

Potting compounds are at the forefront of an electronic assembly, offering required protection in harmful environmental circumstances. They are used within an extensive array of consumer electronics and also in industrial verticals including aerospace, automotive, and other industries where electronic assemblies are customary. Electronics potting compounds are a perpetual protecting solution which will endure to be a vital part of the unit to safeguard the electronic assembly while offering several advantages such as heat dissipation, improved mechanical strength, environmental influences, chemical protection, corrosion resistance, vibration or shock resistance, and electrical insulation.

Potting compounds also help in solving several complications during the production and assemblage of electronics devices. The key motives for preferring to use potting compounds over other sorts of sealant are to safeguard the devices from moisture for averting short circuits, to provide augmented chemical safety in intricate assemblies, to offer mechanical shock and/or vibration resistance in challenging environments, and lastly, to offer concealment of the intellectual property placed inside the highly developed electric circuit.

The growing electronics industry in the North America is projected to upsurge the demand for potting compounds in the upcoming years. Furthermore, the escalating demand for potting compounds from other end-use industrial sectors such as transport and aerospace is projected to fuel the growth of the North American potting compounds market in the years to come.

Newest Insights in the North America Potting Compound Market

As per a report by Research Dive, the North America potting compound market is expected to surpass $931 million by 2025, rising at a CAGR of 3.2% from 2018 to 2025. As per analysts, the electronic segment of the market is anticipated to rise with a significant CAGR in the estimated period. The thriving electronics sector in North America is the key reason for driving this market growth. The U.S. market is expected to grab a maximum share of the North America potting compound market, mainly because of the bulging demand for potting compounds due to rising initiation of numerous electronics infrastructural projects in the country.

How are Market Players Retorting to the Rising Demand for Potting compound?

Market players are significantly investing in ground-breaking product launches to cater the growing demand for potting compounds. Some of the foremost players of the North America potting compound market are H.B. Fuller Company, Wacker Chemie AG, ELANTAS GmbH, MG Chemicals, Dymax Corporation, LORD Corporation, Henkel AG & Co.KGaA, Robnor ResinLab Ltd, Huntsman International LLC., Solvay, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a foremost position in the North America potting compound market.

For instance, in January 2020, Henkel AG & Co.KGaA, a globally operating technology platform for customized adhesive bonding, sealing, and potting solutions, expanded its portfolio with its Sonderhoff brand.

In May 2021, HZO, a foremost supplier of first-rate nanocoatings that protect electrical, electronics products, and critical applications, entered into a strategic collaboration with Dymax, a worldwide forerunner in the manufacture of potting compounds, rapid light-cure adhesives, conformal coatings, and complementary dispensing as well as curing equipment.

In June 2021, Solvay, a Belgian multinational chemical company, launched AeroPaste 1006, 1009, and 1100 adhesive pastes as well as BR 179 non-chromate primer for the aerospace industry.

Such developments by market players are likely to flourish the growth of the North America potting compound market in the coming years