The Latin America, Middle East and Africa Potting Compound Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 73.63 kilo tonnes, showcasing a growth of 6.0% (2023-2030).
Potting compounds utilizing room temperature curing technology are gaining popularity across industries for encapsulating and protecting electronic components due to their convenience and efficiency. These compounds undergo curing at ambient temperatures, eliminating the need for specialized curing equipment and reducing energy consumption during the manufacturing process. Thus, the UAE market consumed 8.46 kilo tonnes of potting compound in the market 2022.
The Brazil market dominated the LAMEA Potting Compound Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $89.6 million by 2030. The Argentina market is registering a CAGR of 6.6% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 5.5% during (2023 - 2030).
These are used for thermal management in high-power electronic devices such as power converters, inverters, and LED lighting systems. These materials help to dissipate heat generated by electronic components, thereby preventing overheating, and maintaining optimal operating temperatures.
Additionally, Potting compounds with elastomeric properties dampen vibrations and reduce mechanical stresses on electronic components. This is crucial in automotive, aerospace, and industrial applications where equipment is subjected to constant vibration and shock.
Brazil has invested significantly in renewable energy infrastructure, particularly wind, solar, and hydroelectric power generation. Brazil is embracing smart grid technologies to improve its electrical grid's efficiency, reliability, and sustainability. The renewable energy sector in Brazil prioritizes sustainability, environmental responsibility, and carbon neutrality. According to data issued in 2023 by the International Trade Administration.
Free Valuable Insights: The Worldwide Potting Compound Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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