The report "Potting Compound Market by Type (Epoxy Resin, Polyurethane Resin, Silicone Resin, Polyester System, and Polyamide) by Application (Electrical and Electronics) and by Region Global Trends & Forecast to 2021", Published by MarketsandMarkets, The global market is projected to reach USD 3.13 Billion by 2021, registering a CAGR of 3.7% during the forecast period.

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Browse 258 market data Tables with 49 Figures spread through 280 Pages and in-depth TOC on "Potting Compound Market"

The electronics application is the fastest-growing application segment in the global potting compound market. This is attributed to the use of potting compounds in consumer electronics, transportation, aviation, marine, energy and power, solar power and other sectors by major industrial manufacturers. Potting in both electrical and electronics applications are done to reduce internal stress, achieve excellent dielectric properties, electrical insulation, thermal conductivity, thermal shock resistance, mechanical strength, adhesion, hardness, cure speed, and chemical resistance.

Asia-Pacific is the largest market for potting compound is also projected to register high growth, in terms of value, between 2016 and 2021. Accelerating demand from end-use industries such as consumer electronics and transportation in Asia-Pacific is driving the growth of the market. Significant development in the electronics sector and increasing demand for miniaturization of electronic devices in various end-use industries such as consumer electronics and transportation is expected to drive the potting compound market in this region.

Major players in Potting Compound Market such as ACC Silicones Ltd. (U.K.), Dymax Corporation (U.S.), EFI Polymers (U.S.), Elantas Beck India Ltd. (India), Electrolube (U.K.), Epic Resins (U.S.), Intertronics (U.K.), Master Bond Inc. (U.S.), MG Chemicals (Canada), and Henkel AG & Co. KGaA (Germany) have adopted various organic developmental strategies.

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