The Europe Potting Compound Market would witness market growth of 3.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 109.70 kilo tonnes, showcasing a growth of 3.3% (2019-2022).
One of the primary uses of potting compounds in automotive electronics is to protect control modules, sensors, and wiring harnesses from harsh operating conditions such as temperature fluctuations, vibration, and exposure to chemicals. Thus, the France market consumed 20.33 kilo tonnes of potting compound in the market 2022.
The Germany market dominated the Europe Potting Compound Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $243.6 million by 2030. The UK market is exhibiting a CAGR of 3.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.3% during (2023 - 2030).
These are applied to electronic components such as sensors, integrated circuits, resistors, capacitors, and connectors to shield them from moisture, vibration, thermal cycling, and other external stresses. it ensures their continued functionality and prevent premature failure by encapsulating these components.
Additionally, potting compounds are utilized for sealing and waterproofing electronic assemblies, connectors, cable joints, and other vulnerable areas. This is particularly important in outdoor and marine applications where exposure to moisture and humidity can lead to corrosion and electrical shorts.
The automotive industry in the UK is experiencing a shift towards electric vehicles (EVs) driven by government incentives, stricter emission regulations, and consumer demand for sustainable transportation. Automotive manufacturers are increasingly focusing on lightweighting strategies to enhance fuel efficiency and lessen emissions in the UK.
Free Valuable Insights: The Global Potting Compound Market will Hit USD 4.4 Billion by 2030, at a CAGR of 4.1%
Based on Application, the market is segmented into Electrical, and Electronics. Based on Curing Technology, the market is segmented into UV Curing, Thermal Curing, and Room Temperature Curing. Based on End User, the market is segmented into Electronics, Aerospace, Automotive, Industrial, and Others. Based on Resin Type, the market is segmented into Silicone, Epoxy, Polyurethane, Polyester, Polyamide, Polyolefin, and Acrylics. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Curing Technology
By End User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Resin Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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