세계의 실리콘 포팅 컴파운드 시장 - 규모, 점유율, 동향, 예측 : 경화 기술, 용도, 최종 이용 산업, 지역별(2025-2033년)

The global silicone potting compounds market size was valued at USD 1,130.0 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,616.8 Million by 2033, exhibiting a CAGR of 4.02% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 46.3% in 2024. This is due to heightening requirement for consumer electronics, increasing industrialization, and proliferating electronics manufacturing.

The global silicone potting compounds market is typically influenced by amplifying need for dependable protection of electronic components across critical sectors, including telecommunications, consumer electronics, and automotive. Such compounds provide exceptional resistance against adverse environmental parameters, thermal stability, and electrical insulation, positioning them as a requisite compound in critical applications. Furthermore, emerging trends in electric vehicles (EVs) demand, miniaturization, and renewable energy systems further boost requirement for silicone potting solutions. In addition, rapid innovations in curing technologies, like improve processing efficacy and product performance, UV curing, fueling market demand. Moreover, magnifying regulatory focus on eco-friendly materials also fosters the increasing popularity for silicone-based potting compounds.

The United States represents a chief market for silicone potting compounds, mainly propelled by leading-edge manufacturing abilities and elevated requirement from key sectors like aerospace, electronics, and automotive. The country's rising emphasis on technological innovations and advancements aids the formulation of exceptional-performance silicone potting solutions, adhering to the strict durability and quality. In addition, heightening utilization of electric vehicles (EVs) and innovations in consumer electronics further boost market expansion. For instance, as per industry reports, in May 2024, electric vehicles accounted for 6.8% of total sales in the U.S., reflecting a 1.6 percentage point increase compared to 2022. Additionally, the magnifying focus on environmental safety and energy-saving solutions fuels the deployment of environmentally friendly silicone potting compounds, facilitating prolonged growth prospects in the United States market.

Silicone Potting Compounds Market Trends:

The global electronics industry's substantial expansion is a key factor contributing to a favorable market outlook. According to the Press Information Bureau (PIB), India's electronics industry has witnessed significant growth, achieving a value of USD 155 Billion in FY23. Silicon potting compounds are widely used for coating industrial electronic components, such as capacitors, solenoids, industrial magnets, beam bonded components, microprocessors and memory devices. Moreover, the increasing

demand for consumer electronics and miniaturized devices is providing a thrust to the growth of the market. Thermally conductive potting compounds offer effective pathways to dissipate the heat from a heat-generating source to a metal enclosure in compact devices. In line with this, the widespread adoption of these composites in the aerospace industry for shock insulation and corrosion resistance is also contributing to the market growth. According to the International Trade Administration, in 2022, the civil aerospace turnover in the United Kingdom was approximately USD 34.5 Billion. Additionally, various product innovations, such as the development of ultraviolet (UV)-cured silicone potting compounds, are acting as other growth-inducing factors. These compounds offer enhanced insulation properties, bond strength and lower energy consumption. Other factors, including rapid industrialization, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Silicone Potting Compounds Industry Segmentation:

Analysis by Curing Technique:

• UV Curing
• Thermal Curing
• Room Temperature Curing

UV curing leads the market with around 55.2% of market share in 2024. This is mainly because of its effective curing abilities and quick processing time. This technique significantly improves productivity by facilitating rapid hardening of the potting material under the effect of ultraviolet light. Moreover, it is comprehensively leveraged for applications demanding superior-quality, consistent, and accurate finishes, mainly encompassing automotive components and electronic assemblies. In addition to this, UV curing's capability to offer resilient moisture and thermal endurance, combine with enhanced electrical insulation, positions it as an extremely desirable technique for leading-edge manufacturing requirements. Furthermore, the magnifying emphasis on environmentally friendly and energy-saving production methodologies is further bolstering the deployment of UV curing techniques across several major sectors.

Analysis by Application:

• Electricals
  • Capacitors
  • Transformers
  • Cable Joints
  • Industrial Magnets
  • Solenoids
  • Others
• Electronics
  • Surface Mount Packages
  • Beam Bonded Components
  • Memory Devices and Microprocessors
  • Others

Electronics leads the market with around 57.0% of market share in 2024. This domination is owned to its pivotal purpose in shielding sensitive components, such as memory devices and microprocessors, surface mount packages, and beam-bonded components. Silicone potting compounds offer robust protection against chemical exposure, thermal stress, and adverse moisture, guaranteeing the sustained functionality and longevity of such components. Furthermore, with accelerating requirement for superior-performance, compact electronics, silicone potting compounds play a crucial role in sustaining the performance as well as structural integrity of devices. Additionally, their exceptional dielectric attributes and thermal stability position them as indispensable in the production of cutting-edge electronic assemblies, encompassing those leveraged in industrial automation, automotive systems, and upgraded telecommunications.

Analysis by End Use Industry:

• Consumer Electronics
• Aerospace
• Automotive
• Energy and Power
• Others

Consumer electronics leads the market with around 48.9% of market share in 2024. This industry is mainly propelled by the amplifying requirement for compact, durable, and lightweight devices. Silicone potting compounds are heavily leveraged to secure components in various types of home appliances, smartphones, and wearables, facilitating robust functionality in several environmental parameters. In addition, the notable emergence of IoT incorporation and smart devices has further boosted the utilization of silicone potting solutions for improved electrical insulation and thermal management. Furthermore, as consumer preferences increasingly incline towards multifaceted, innovative gadgets, the demand for superior-quality potting compounds in their manufacturing continues to augment, stabilizing the dominance of the consumer electronics segment.

Regional Analysis:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

In 2024, Asia-Pacific accounted for the largest market share of over 46.3%. Asia Pacific is a major hub for electronics and electrical manufacturing, with countries like China, Japan, South Korea, and Taiwan leading the way. According to the government of China, the export value of Chinese electronics products increased 11.4 percent year-on -year during 2022. These countries are known for their production of consumer electronics, automotive electronics, industrial automation equipment, and other electrical devices. The growing demand for electronics and electrical products in Asia Pacific is driving the need for silicone potting compounds. Further, the region is witnessing rapid industrialization and infrastructure development, with construction activities booming across various sectors. Silicone potting compounds are used in construction related applications, such as LED lighting fixtures, electrical distribution systems, HVAC systems, and outdoor signage. The construction industry's growth in the region, is boosting the demand for silicone potting compounds.

Key Regional Takeaways:

United States Silicone Potting Compounds Market Analysis

In 2024, United States accounted for the 93.10% of the market share in North America. United States is known for its technological advancements and innovation across various industries. Moreover, silicone potting compounds are widely used in industries such as electronics, automotive, aerospace, and telecommunications, where there is a need for reliable protection and insulation of electronic components. According to the International Trade Administration, in 2020, United States light vehicle sales totaled 14.5 Million units. The region's emphasis on research and development, as well as its strong manufacturing capabilities, has contributed to the growth of the silicone potting compounds market. In line with this, the region has stringent regulations and standards regarding environmental protection and safety Silicone potting compounds are favored in the region because they are non-toxic, low in VOC emissions, and comply with various regulations such as RoHS (Restriction of Hazardous Substances) and REACH (Evaluation, Authorization and Restriction of Chemicals). This regulatory environment has boosted the adoption of silicone potting compounds across the region.

Europe Silicone Potting Compounds Market Analysis

Europe hosts numerous top-tier car makers and component providers. According to the European Commission, in 2023, the number of EU-registered passenger vehicles reached nearly 257 Million which is higher when compared with the year 2018. The region has been at the forefront of automotive innovation, especially in the fields of electric vehicles (and autonomous driving. Silicone potting compounds are essential for protecting and insulating electronic components in EVs, such as battery management systems, electric motors, and charging infrastructure. The growing adoption of EVs are driving the demand for silicone potting compounds in Europe. In line with this, Europe is witnessing a significant focus on industrial automation and digital transformation across various sectors. Silicone potting compounds are widely used in industrial automation equipment to protect sensitive electronic components from harsh operating conditions, such as high temperatures, humidity, and vibrations. The adoption of advanced automation technologies in manufacturing is contributing to the product demand.

Latin America Silicone Potting Compounds Market Analysis

Latin America has been placing a strong emphasis on renewable energy sources such as wind and solar power. According to the International Trade Administration, in 2021, utility-scale solar power in Brazil experienced a 40.9% increase, while distributed solar generation grew by 84%. The region has witnessed significant investments in renewable energy projects, leading to the establishment of solar and wind farms. Silicone potting compounds are used in these projects to protect and insulate sensitive electronic components in solar panels, inverters, and wind turbines. The growing focus on renewable energy has created a substantial market for silicone potting compounds in Latin America.

Middle East and Africa Silicone Potting Compounds Market Analysis

Countries such as the United Arab Emirates, Saudi Arabia, and South Africa have witnessed a rise in consumer electronics, telecommunications equipment, and other electronic devices' manufacturing. According to the Industrial development Bureau, the electronics industry plays a pivotal role in the UAE's economy, accounting for 16% of Abu Dhabi's contribution to the nation's total electronics production. Silicone potting compounds are widely used in these industries for encapsulating and protecting electronic components, ensuring their reliability and performance. The expansion of the electronics industry in MEA drives the demand for silicone potting compounds.

Competitive Landscape:

The market features a competitive landscape with crucial players actively emphasizing on product augmentation and advancements to cater to the diverse industrial needs. Leading companies are heavily investing in leading-edge formulations to improve environmental endurance, thermal conductivity, and electrical insulation. Moreover, strategic acquisitions, collaborations, and mergers are common as various enterprises strive to fortify their supply chains and proliferate their geographic foothold. Market giants are also focusing on sustainable solutions to address the amplifying environmental and regulatory and policies. For instance, Elkem exhibited its silicone-based UV LED and UV technologies at Labelexpo Americas 2024, offering precise curing, enhanced longevity, energy-saving capability, and eco-friendliness. In addition, regional players are attaining competitive edge by providing cost-efficient solutions customized to particular applications, especially in automotive and consumer electronics segments. This evolving competition boosts constant enhancement and facilitates a stable influx of advanced products into the market.

The report provides a comprehensive analysis of the competitive landscape in the silicone potting compounds market with detailed profiles of all major companies, including:

• Altana AG
• CHT Germany GmbH
• Dymax Corporation
• Henkel AG & Co. KGaA
• Hernon Manufacturing Inc
• Master Bond Inc.
• MG Chemicals
• Novagard Solutions
• Parker-Hannifin Corp.
• The Dow Chemical Company (Dow Inc)

Key Questions Answered in This Report

• 1.How big is the silicone potting compounds market?
• 2.What is the future outlook of silicone potting compounds market?
• 3.What are the key factors driving the silicone potting compounds market?
• 4.Which region accounts for the largest silicone potting compounds market share?
• 5.Which are the leading companies in the global silicone potting compounds market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Silicone Potting Compounds Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Curing Technique

• 6.1 UV Curing
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Thermal Curing
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Room Temperature Curing
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Application

• 7.1 Electricals
  • 7.1.1 Market Trends
  • 7.1.2 Key Segments
    • 7.1.2.1 Capacitors
    • 7.1.2.2 Transformers
    • 7.1.2.3 Cable Joints
    • 7.1.2.4 Industrial Magnets
    • 7.1.2.5 Solenoids
    • 7.1.2.6 Others
  • 7.1.3 Market Forecast
• 7.2 Electronics
  • 7.2.1 Market Trends
  • 7.2.2 Key Segments
    • 7.2.2.1 Surface Mount Packages
    • 7.2.2.2 Beam Bonded Components
    • 7.2.2.3 Memory Devices and Microprocessors
    • 7.2.2.4 Others
  • 7.2.3 Market Forecast

8 Market Breakup by End Use Industry

• 8.1 Consumer Electronics
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Aerospace
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Automotive
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Energy and Power
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Altana AG
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 SWOT Analysis
  • 14.3.2 CHT Germany GmbH
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
  • 14.3.3 Dymax Corporation
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
  • 14.3.4 Henkel AG & Co. KGaA
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 Hernon Manufacturing Inc
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Master Bond Inc.
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 MG Chemicals
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
  • 14.3.8 Novagard Solutions
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
  • 14.3.9 Parker-Hannifin Corp.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
    • 14.3.9.4 SWOT Analysis
  • 14.3.10 The Dow Chemical Company (Dow Inc)
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio