Middle East & Africa Potting Compound Market Size & Outlook
The potting compound market in Middle East & Africa is expected to reach a projected revenue of US$ 4,470.9 million by 2030. A compound annual growth rate of 2.1% is expected of Middle East & Africa potting compound market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,859.9
Forecast, 2030 (US$M)
$4,470.9
CAGR, 2024 - 2030
2.1%
Report Coverage
Middle East & Africa
MEA potting compound market highlights
- The MEA potting compound market generated a revenue of USD 3,859.9 million in 2023.
- The market is expected to grow at a CAGR of 2.1% from 2024 to 2030.
- In terms of segment, epoxy resin was the largest revenue generating product in 2023.
- Epoxy Resin is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 3,859.9 million |
| Market revenue in 2030 | USD 4,470.9 million |
| Growth rate | 2.1% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy resin |
| Fastest growing segment | Epoxy Resin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Epoxy Resin |
| Key market players worldwide | Bayer AG, DuPont de Nemours Inc, Advanced Instruments, Henkel AG & Co KGaA, Elantas, MG Chemicals, 3M Co, Momentive, Huntsman Corp, Hitachi Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 11.6% of the global potting compound market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 11,501.4 million by 2030.
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Potting Compound Market Scope
Potting compound market segmentation & scope
Technology
High Temperature or Thermally Cured
UV Cured
Room Temperature Cured
End Use
Energy & Power
Solar Power
Transportation
Other End Uses
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
Potting Compound Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Elantas | View profile | 251-500 | St Louis, Missouri, United States, North America | http://www.elantas.com |
| MG Chemicals | View profile | 101-250 | Burlington, Ontario, Canada, North America | https://www.mgchemicals.com |
| Advanced Instruments | View profile | 101-250 | Norwood, Massachusetts, United States, North America | http://www.aicompanies.com/ |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Bayer AG | View profile | 99723 | Kaiser-Wilhelm-Allee 1, Leverkusen, NW, Germany, 51368 | https://www.bayer.com |
| Henkel AG & Co KGaA | View profile | 48000 | Henkelstrasse 67, Duesseldorf, NW, Germany, 40589 | https://www.henkel.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
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