The Business Research Company’s report on the Silicone In Electrical And Electronic Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the silicone in electrical and electronic market in recent years?
An increase in the use of smartphone devices is expected to propel the growth of silicone in the electrical and electronic markets going forward. A smartphone refers to a portable electronic gadget that connects to a cellular network. Silicone electrical sealants are used in smartphone fingerprint sensor assemblies to help attain an IP waterproof rating and protect various components against heat, shock, and contaminants. They offer interior micro-USB type C components primer-less adhesion to help build a barrier that prevents moisture intrusion. So, these factors boost silicone in the electrical and electronic markets. For instance, according to Uswitch Limited, a UK-based online and telephone comparison and switching service, 71.8 million mobile connections will be active in 2022. By 2025, there will be 68.3 million individuals in the UK, with 95% of them carrying smartphones. Therefore, the increase in the use of smartphones is driving the growth of silicone in the electrical and electronic market.
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What is the projected market size of the silicone in electrical and electronic industry, and how is it expected to grow?
The silicone in electrical and electronics market size has grown strongly in recent years. It will grow from$2.17 billion in 2024 to $2.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to heat resistance and thermal stability, insulating properties, water and weather resistance, flexibility and low-temperature performance, dielectric strength, adhesion to various substrates
The silicone in electrical and electronics market size is expected to see strong growth in the next few years. It will grow to “$3.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to electric vehicle revolution, advanced wearable electronics, smart home applications, sustainable and eco-friendly trends, emerging flexible electronics. Major trends in the forecast period include advancements in thermal management, flexible and foldable electronics, integration of silicone in smart devices, innovation in sealants and encapsulants, artificial intelligence (ai) integration.
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Who are the key players driving competition in the silicone in electrical and electronic market?
Major companies operating in the silicone in electrical and electronic market include Silchem Inc., ICM Products Inc., Specialty Silicone Products Inc. (SSP), Wacker Chemie AG, Evonik Industries AG, Dow Inc., Kaneka Corporation, Hutchinson SA, Shin-Etsu Chemical Co. Ltd., H.B. Fuller Company, ACC Silicones Ltd., Elkem Silicones, LORD Corporation, Rogers Corporation, Momentive Performance Materials Inc., Henkel AG & Co. KGaA, Reiss Manufacturing Inc., Saint-Gobain Performance Plastics, 3M Company, Nusil Technology LLC, Siltech Corporation, Krayden Inc., Master Bond Inc., Permabond LLC, Silicones Plus Inc., Trelleborg Group, Zeus Industrial Products Inc.
What key trends are expected to drive the silica sand market during the forecast period?
Major companies operating in the silicone in electrical and electronic market are focused on developing innovative products, such as thermal runaway mitigation, to enhance safety and performance in high-energy systems like electric vehicles and consumer electronics. Thermal runaway mitigation involves strategies and technologies designed to prevent or control a situation where an increase in temperature leads to further temperature increases, potentially resulting in failures, fires, or explosions. For instance, in January 2022, CHT is a Germany-based manufacturing company that specializes in the production of silicone and polymer solutions, launched Silicone Foam for Electronics and EV Battery Packs. This product is specifically designed to provide excellent thermal management, effectively dissipating heat and preventing overheating in battery systems, thereby improving safety and reliability in high-performance applications.
Which key geographies are driving the growth of the silicone in electrical and electronic market?
Asia-Pacific was the largest region in the silicone in electrical and electronic market in 2024. The regions covered in the silicone in electrical and electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the silicone in electrical and electronic market?
The silicone in electrical and electronic market covered in this report is segmented –
1) By Product Type: Sealants And Adhesives, Ceramics, Silicone Coatings, Conformal Coatings, Encapsulants, Potting Silicones, Hardcoats, Optical Bonding Adhesives, Quartz And Thermal Management
2) By Form: Fluids, Gels, Elastomers, Resins
3) By End-User: Automotive Industry, Electronics Industry, Telecommunications, Other End-Users
Subsegments:
1) By Sealants And Adhesives: RTV Sealants, Silicone Adhesives
2) By Ceramics: Silicone-Based Ceramics, High-Temperature Ceramics
3) By Silicone Coatings: Protective Coatings, Insulating Coatings
4) By Conformal Coatings: Acrylic Conformal Coatings, Silicone Conformal Coatings, Polyurethane Conformal Coatings
5) By Encapsulants: Low-Viscosity Encapsulants, High-Viscosity Encapsulants
6) By Potting Silicones: Two-Part Potting Silicones, One-Part Potting Silicones
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What defines the structure and scope of the silicone in electrical and electronic market?
Silicone in electrical and electronic refers to the class of synthetic materials made from metallurgical silicon that provide high thermal stability and resistance to weathering, ozone, moisture, and UV radiation. Silicone is a heat-resistant and rubber-like material that is used in applications for thermal and electric insulation.
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