What Does the Historical and Current Silicone In Electrical And Electronic Market Size Trend Indicate?
The silicone in electrical and electronic market has seen considerable growth due to a variety of factors.
•The silicone in electrical and electronics market has seen a robust growth in the recent past. Its financial growth is set to increase from $2.17 billion in 2024 to $2.29 billion in 2025, establishing an estimated compound annual growth rate (CAGR) of 5.6%.
The significant progress during the historical period has been chalked down to features such as resistance to heat and thermal stability, insulation capabilities, resistance to water and weather conditions, flexibility at low temperatures, dielectric strength, and its ability to adhere to a variety of surfaces.
How Will the Silicone In Electrical And Electronic Market Size Evolve over the Forecast Period?
The silicone in electrical and electronic market is expected to maintain its strong growth trajectory in upcoming years.
• The value of the silicone sector in the electrical and electronics market is forecasted to surge significantly in the upcoming years, estimated to reach "$3.02 billion by 2029 with a compound annual growth rate (CAGR) of 7.1%.
The driving factors behind the predicted growth during this period are the rise of the electric vehicle movement, the evolution of advanced wearable technology, smart home applications, eco-friendly movements, and the advent of flexible electronics. Furthermore, key trends projecting in this period involve progress in thermal management, flexible and bendable electronics, incorporation of silicone in intelligent devices, advancements in sealants and encapsulants, and the blending of artificial intelligence (AI).
What Are The Core Factors Supporting Growth In The Silicone In Electrical And Electronic Market?
The anticipated surge in smartphone usage is set to catalyze the expansion of silicone applications in the electrical and electronics sectors. A smartphone, being a mobile device with cellular connectivity, employs silicone electrical sealants in its fingerprint sensor assemblies to achieve an IP waterproof rating and shield various parts from heat, shock, and contaminants. These sealants offer primer-less adhesion to internal micro-USB type C components, creating a barrier against moisture penetration. Such applications are contributing to the growth of silicone in the electrical and electronic markets. For instance, Uswitch Limited, a UK-operated online and telephone comparison and switching service, has forecasted that 71.8 million mobile connections will be active in 2022. By 2025, the UK is projected to have 68.3 million people, with 95% of them owning smartphones. Hence, the increasing reliance on smartphones is fueling the demand for silicone in the electronics and electrical industry.
What Are The Major Segments Within The Global 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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Which Trends Are Expected To Transform The Silicone In Electrical And Electronic Market?
The silicone in electrical and electronic market's key players are focusing their efforts on the creation of unique products, including thermal runaway mitigation, to augment safety and efficiency in high-energy systems such as consumer electronics and electric vehicles. This mitigation provides strategies and technologies aimed at avoiding or managing scenarios involving an escalation in temperature that leads to even more increases, possibly leading to failures, fires, or explosions. For example, as of January 2022, a Germany-based manufacturing company named CHT that is known for producing silicone and polymer solutions, unveiled a Silicone Foam for EV Battery Packs and Electronics. This particular product has been engineered to provide superior thermal management, efficiently dissipating heat to stop battery systems from overheating, which results in enhanced safety and reliability in high-performance applications.
Who Are the Key Players 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 Is The Most Dominant Region In 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
