Silicone Potting Compounds Market to Hit New profit-making Growth By 2030

From 2020 to 2027, the worldwide silicone potting compounds market is expected to grow at a CAGR of 4.0%, from USD 949.2 million in 2020 to USD 1,247.2 million in 2027. The process of filling an electronics component with solid chemicals to protect it from the environment is known as potting. Potting compounds are commonly used to insulate and protect electronic components from moisture. The potting procedure can be done manually or with the use of automated meter mix dispensing equipment. Silicone, polyurethane, epoxy, and other potting ingredients are commonly utilized. Silicone polymers have a wide operating temperature range, a high hardness range, great chemical, humidity, and water resistance, excellent electrical characteristics, and are simple to work with.

The demand for silicone potting compounds is anticipated to increase in the near future, owing to the boom in the electronics industry. In addition, the rise in the need to shield sensitive components from extreme environments used in end-use industries, such as automotive, computing, communications, and others, is anticipated to fuel the market growth during the forecast period. Furthermore, the silicone potting compounds are also used in solar cells for potting applications, which protect them from moisture and dust; thus, increasing light transmission. Moreover, an increase in concern from government organizations across the globe regarding zero emission of greenhouse gas is expected to drive further applications of solar energy, which will positively impact the market growth for silicon potting. In addition, the demand for silicone potting compounds is estimated to increase further in the coming years on account of the associated benefits such as minimal shrinkage and high process efficiency.

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However, the availability of low-cost alternatives such as epoxy resin an