Silicone Potting Compounds Market - Forecast(2024 - 2030)

Report Code: CMR 31757 Report Format: PDF + Excel

Silicone Potting Compounds Market Market Overview

Silicone potting compounds market size is forecast to reach US$1.3 billion by 2030, after growing at a CAGR of 3.8% during 2024-2030, owing to the increasing usage of silicone polymers based potting compounds over the polyester system, epoxy, polyurethane resin counterparts in various end-use industries such as automotive, aerospace, electronics, and more. Silicones are also suitable materials for potting delicate surface mount devices due to their elasticity and low modulus, which helps to prevent thermal expansion and contraction, and is expected to increase the market demand. 

The rapid growth of the electrical & electronics industry has increased the demand for silicone potting compounds; thereby, fueling the market growth. Furthermore, the flourishing aerospace industry is also expected to drive the silicone potting compounds industry substantially during the forecast period.

Silicone Potting Compounds Market Report Coverage

The report: “Silicone Potting Compounds Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the silicone potting compounds Industry.

By Curing Technique: UV Curing, Thermal Curing, and Room Temperature Curing

By Application: Capacitors, Transformers, Cable Joints, Industrial Magnets, Solenoids, Surface Mount Packages, Beam Bonded Components, Memory Devices, Microprocessors, and Others

By End-Use Industry: Automobile (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), and Others), Electrical & Electronics, Aerospace & Defense (Commercial, Military, and Others), Industrial, Solar Energy, and Others

By Geography: North America (U.S., Canada, and Mexico), Europe (U.K, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia-Pacific dominates the silicone potting compounds market, owing to the increasing electrical & electronics industry in the region.
  • Metermix dispenses equipment is widely utilized for processing single and two-component materials such as epoxies and polyurethane resins, and silicone polymers. It then offers solid solutions for a wide range of applications such as bonding, sealing, potting, encapsulation, reaction injection molding, and more.
  • Silicone potting compounds possess extensive characteristics such as wide operating temperature range, excellent electrical properties, hardness range, good chemical, humidity, & water resistance, offers ease-of-use, and more. These properties of silicone potting compounds are projected to increase market growth.

Silicone Potting Compounds Market Segment Analysis – By Curing Technique

The UV curing segment held the largest share in the silicone potting compounds market in 2023 up to 48%, owing to its ability to cure the silicon compound in few seconds, which is time-intensive in other curing techniques. UV curing can be done in a moment; it is also commonly used in compounds for silicone potting. In addition, the high degree of permanency of the potting compound provides electronic devices with high resilience and resistance, thus increasing consumer demand. All these extensive characteristics of coated glass are the key factors anticipated to boost the demand for coated glass in various regions during the forecast period.

Silicone Potting Compounds Market Segment Analysis – By Application

The surface-mount packages segment held the largest share in the silicone potting compounds market in 2023, owing to the growing application of printed circuit boards (PCB) in electronic devices. The silicone potting compound gives protection from chemicals, humidity, dust, and bumps. In addition, it donates flame retardant and excellent electrical insulation properties, an additional benefit for onboard applications like trains, automotive, marine transportation, which is the major driving factor for the advanced glass market during the forecast period. Furthermore, the solenoids market is expected to witness the highest market growth, owing to the growing application in water treatment plants for non-corrosive applications.

Silicone Potting Compounds Market Segment Analysis – By End-Use Industry

The electrical & electronics segment held the largest share in the silicone potting compounds market in 2023 and is growing at a CAGR of 6.4% during 2024-2030, owing to the rise in demand for consumer electronics and the popularity of smart devices. Within the electronics sector, silicone polymers potting compounds are primarily used to fabricate capacitors, memory devices, solenoids, transformers, and more, over its counterparts such as polyester systems, epoxy, and polyurethane resin. Furthermore, government policies that are thriving in the electrical and electronics industry are expected to propel the market forward. For instance, in December 2023, MSTECH Europe announced an investment of $6.5 million to fuel growth of electronics industry in Barcelona, Spain. Such investments drive the silicone potting compounds market.

Silicone Potting Compounds Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the silicone potting compounds market in 2023 up to 36%, owing to the increasing demand for silicone potting compounds from the electrical and electronics industry in the region. According to the Ministry of Industry and Information Technology, China's fixed-asset investment in the electronic information manufacturing sector grew 17.3% year-on-year during the first two months of 2023. India and Japan signed a memorandum of cooperation in July 2023, to collaborate in the fields of semiconductor design, manufacturing, research, talent development, and strengthening the chip supply chain. The agreement aims to foster government-to-government as well as industry-to-industry collaboration. According to data from the Trade Ministry released in January 2024, US$18.8 billion in foreign investments was poured into South Korea in 2023, up 3.4% from 2022, with the electronics sector accounting for $3 billion of the total. Thus, the expanding electronics industry is anticipated to drive the silicone potting compounds market in the APAC region during the forecast period.

Silicone Potting Compounds Market Drivers

Increasing Automotive Production

There is an increasing demand for silicone potting compounds from the automotive sector, owing to the rise in demand for various automotive sensors, actuators, and LED lamps in vehicle electrification. According to the International Trade Administration (ITA), China is the world's largest vehicle sector, with the Chinese government expecting vehicle production to surpass 35 million by 2025. According to the 2022 report released by the OICA, China, U.S., Japan, India, and Germany are ranked among the world’s largest car markets. At about 23.56 million units, China remained the largest market for passenger car sales in 2022. India was the only country in the top five worldwide markets to have double-digit growth (28%). Thus, increasing automotive production will require more silicone potting compounds for manufacturing various automotive components, which will act as a driver for the silicone potting compounds market during the forecast period.    

Flourishing Aerospace Industry 

For decades, the durability of silicone and its high-temperature tolerance has made it a reliable alternative, and it is still one of the most powerful materials used in aerospace production today. Silicones bind various materials together, seal joints, electronic coat and encapsulate, and isolate and protect sensitive equipment from extreme temperatures and exposure to weather. Thus, there is an increasing demand for silicone potting compounds from the aerospace sector. According to Boeing’s 2023 Commercial Market Outlook (CMO), Boeing expects the global aircraft fleet to almost double over the next 20 years, from about 24,500 jets in 2022 to 48,600 by 2042. In its 2023 Global Services Forecast (GSF), Airbus predicted 40,850 deliveries, up from 39,490 in its previous 20-year forecast issued in 2022. Hence, the flourishing aerospace industry acts as a driver for the silicone potting compounds market.

Silicone Potting Compounds Market Challenges

Availability of Low-Cost Alternative

The availability of low-cost alternatives such as epoxy resin, polyurethanes may negatively impact the silicone potting compound's market growth during the forecast period. Silicone resins tend to be more costly than epoxies or polyurethane resins, but are found to be used at high or medium continuous operating temperatures (-50 to 200 °C). Although there are some benefits to silicone potting compounds, polyurethanes tend to perform better for many applications. 

The primary benefit of silicone potting compounds is the high thermal tolerance of the material (over 160 ° C) thus providing a soft polymer. However, it should be noted that the thermal range of polyurethane can comfortably withstand the working temperatures of many industrial electronics, and its lower cost makes it a better choice for a broader range of applications. which is limiting the market growth. Thus, these factors are hampering the silicone potting compounds market growth during the forecast period.


Market Landscape

Top 10 players in the silicone potting compounds market are

  1. Henkel AG & Co. KGaA
  2. Dow
  3. 3M
  4. Momentive Performance Materials Inc
  5. ELANTAS GmbH
  6. Master Bond Inc.
  7. MG Chemicals
  8. Dymax Corporation
  9. H.B Fuller
  10. LORD Corporation
For more Chemicals and Materials Market reports, please click here 

1. Silicone Potting Compounds Market- Market Overview
    1.1 Definitions and Scope
2. Silicone Potting Compounds Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Curing Technique
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Silicone Potting Compounds Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Silicone Potting Compounds Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Silicone Potting Compounds Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Silicone Potting Compounds Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Silicone Potting Compounds Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Silicone Potting Compounds Market– By Curing Technique (Market Size -$Million/Billion)
    8.1 UV Curing
    8.2 Thermal Curing
    8.3 Room Temperature Curing
9. Silicone Potting Compounds Market– By Application (Market Size -$Million/Billion)
    9.1 Capacitors
    9.2 Transformers
    9.3 Cable Joints
    9.4 Industrial Magnets
    9.5 Solenoids
    9.6 Surface Mount Packages
    9.7 Beam Bonded Components
    9.8 Memory Devices
    9.9 Microprocessors
    9.10 Others
10. Silicone Potting Compounds Market– By End-Use Industry (Market Size -$Million/Billion)
    10.1 Automobile
        10.1.1 Passenger Cars
        10.1.2 Light Commercial Vehicles (LCV)
        10.1.3 Heavy Commercial Vehicles (HCV)
        10.1.4 Others
    10.2 Electrical & Electronics
    10.3 Aerospace & Defense
        10.3.1 Commercial
        10.3.2 Military
        10.3.3 Others
    10.4 Industrial
    10.5 Solar Energy
    10.6 Others
11. Silicone Potting Compounds Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherland
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Silicone Potting Compounds Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Silicone Potting Compounds Market – Market Share Analysis Premium
    13.1 Market Share at Global Level - Major companies
    13.2 Market Share by Key Region - Major companies
    13.3 Market Share by Key Country - Major companies
    13.4 Market Share by Key Application - Major companies
    13.5 Market Share by Key Product Type/Product category - Major companies
14. Silicone Potting Compounds Market – Key Company List by Country Premium Premium
15. Silicone Potting Compounds Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Henkel AG & Co. KGaA
    15.2. Dow 
    15.3. 3M
    15.4. Momentive Performance Materials Inc
    15.5. ELANTAS GmbH
    15.6. Master Bond Inc.
    15.7. MG Chemicals
    15.8. Dymax Corporation
    15.9. H.B Fuller
    15.10. LORD Corporation
“Financials to the Private Companies would be provided on best-effort basis.” Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.

LIST OF TABLES

1.Global Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 ($M)
1.1 Introduction Market 2023-2030 ($M) - Global Industry Research
1.2 Uv Curing Market 2023-2030 ($M) - Global Industry Research
1.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 ($M)
1.3 Thermal Curing Market 2023-2030 ($M) - Global Industry Research
1.4 Room Temperature Curing Market 2023-2030 ($M) - Global Industry Research
2.Global Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 ($M)
2.1 Electronics Market 2023-2030 ($M) - Global Industry Research
2.2 Aerospace Market 2023-2030 ($M) - Global Industry Research
2.3 Automotive Market 2023-2030 ($M) - Global Industry Research
2.4 Industrial Market 2023-2030 ($M) - Global Industry Research
3.Global Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 (Volume/Units)
3.1 Introduction Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Uv Curing Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 (Volume/Units)
3.3 Thermal Curing Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Room Temperature Curing Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 (Volume/Units)
4.1 Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Aerospace Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Industrial Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 ($M)
5.1 Introduction Market 2023-2030 ($M) - Regional Industry Research
5.2 Uv Curing Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 ($M)
5.3 Thermal Curing Market 2023-2030 ($M) - Regional Industry Research
5.4 Room Temperature Curing Market 2023-2030 ($M) - Regional Industry Research
6.North America Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 ($M)
6.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
6.2 Aerospace Market 2023-2030 ($M) - Regional Industry Research
6.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
6.4 Industrial Market 2023-2030 ($M) - Regional Industry Research
7.South America Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 ($M)
7.1 Introduction Market 2023-2030 ($M) - Regional Industry Research
7.2 Uv Curing Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 ($M)
7.3 Thermal Curing Market 2023-2030 ($M) - Regional Industry Research
7.4 Room Temperature Curing Market 2023-2030 ($M) - Regional Industry Research
8.South America Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 ($M)
8.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
8.2 Aerospace Market 2023-2030 ($M) - Regional Industry Research
8.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
8.4 Industrial Market 2023-2030 ($M) - Regional Industry Research
9.Europe Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 ($M)
9.1 Introduction Market 2023-2030 ($M) - Regional Industry Research
9.2 Uv Curing Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 ($M)
9.3 Thermal Curing Market 2023-2030 ($M) - Regional Industry Research
9.4 Room Temperature Curing Market 2023-2030 ($M) - Regional Industry Research
10.Europe Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 ($M)
10.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
10.2 Aerospace Market 2023-2030 ($M) - Regional Industry Research
10.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
10.4 Industrial Market 2023-2030 ($M) - Regional Industry Research
11.APAC Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 ($M)
11.1 Introduction Market 2023-2030 ($M) - Regional Industry Research
11.2 Uv Curing Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 ($M)
11.3 Thermal Curing Market 2023-2030 ($M) - Regional Industry Research
11.4 Room Temperature Curing Market 2023-2030 ($M) - Regional Industry Research
12.APAC Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 ($M)
12.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
12.2 Aerospace Market 2023-2030 ($M) - Regional Industry Research
12.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
12.4 Industrial Market 2023-2030 ($M) - Regional Industry Research
13.MENA Global Silicone Potting Compound Market, By Curing Technique Market 2023-2030 ($M)
13.1 Introduction Market 2023-2030 ($M) - Regional Industry Research
13.2 Uv Curing Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Key Market Trends, Growth Factor And Opportunity Market 2023-2030 ($M)
13.3 Thermal Curing Market 2023-2030 ($M) - Regional Industry Research
13.4 Room Temperature Curing Market 2023-2030 ($M) - Regional Industry Research
14.MENA Global Silicone Potting Compound Market, By End-Use Industry Market 2023-2030 ($M)
14.1 Electronics Market 2023-2030 ($M) - Regional Industry Research
14.2 Aerospace Market 2023-2030 ($M) - Regional Industry Research
14.3 Automotive Market 2023-2030 ($M) - Regional Industry Research
14.4 Industrial Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
2.Canada Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
3.Mexico Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
4.Brazil Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
5.Argentina Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
6.Peru Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
7.Colombia Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
8.Chile Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
9.Rest of South America Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
10.UK Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
11.Germany Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
12.France Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
13.Italy Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
14.Spain Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
15.Rest of Europe Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
16.China Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
17.India Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
18.Japan Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
19.South Korea Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
20.South Africa Silicone Potting Compounds Market Revenue, 2023-2030 ($M)
21.North America Silicone Potting Compounds By Application
22.South America Silicone Potting Compounds By Application
23.Europe Silicone Potting Compounds By Application
24.APAC Silicone Potting Compounds By Application
25.MENA Silicone Potting Compounds By Application
26.Dow Corning Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Henkel Ag Co. Kgaa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Novagard Solution, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Lord Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Elantas Gmbh, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Master Bond Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mg Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Dymax Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)