The North America Potting Compound Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 209.86 kilo tonnes, showcasing a growth of 3.0% (2019-2022).
Electrical potting compounds are extensively used across industries for encapsulating and protecting electronic components from environmental factors, mechanical stress, and moisture. These compounds create a protective barrier around sensitive components, ensuring long-term reliability and performance. Thus, the US market consumed 169.39 kilo tonnes of potting compounds in the market 2022.
The US market dominated the North America Potting Compound Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $867.8 million by 2030. The Canada market is experiencing a CAGR of 4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.7% during (2023 - 2030).
Potting is filling or introducing solid compounds in a complete electronic assembly for shock and vibration resistance and protection from moisture and corrosive agnates. With the proliferation of electronic devices in sectors such as automotive, aerospace, consumer electronics, and industrial automation.
Additionally, there's an increased need to protect sensitive electronic components from environmental factors like moisture, dust, vibration, and thermal stress.
The Canadian aircraft sector is experiencing an increasing demand for lightweight materials to minimize emissions and increase fuel efficiency. Advancements in aerospace electronics, such as avionics systems, flight controls, communication systems, and navigation equipment, drive the demand for advanced encapsulation solutions in Canada.
Free Valuable Insights: The Potting Compound Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
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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