Press release
Silicone in Electrical and Electronic Global Market Experiences Strong Growth, Expected to Reach $2.29 Billion by 2025
Silicone in Electrical and Electronic Global Market
Increasing demand for silicones due to their heat resistance, thermal stability, and insulated properties alongside growing trends in wearable electronics, and smart homes contribute to market growth
What Is The Projected Market Size Of The Silicone In Electrical And Electronic Global Market And Its Growth Rate?
The silicone in electrical and electronics market has seen significant growth in recent years:
• Market size in 2024: $2.17 billion
• Market size in 2025: $2.29 billion (5.6% CAGR)
• Projected market size in 2029: $3.02 billion (7.1% CAGR)
Key factors contributing to this growth include heat resistance and thermal stability, insulating properties, and the flexibility of silicone. Additionally, advancements in electric vehicles, wearable electronics, and smart homes are expected to drive further growth.
What Is Driving The Growth In The Silicone In Electrical And Electronic Market?
The growth of the silicone in electrical and electronic market is largely driven by the increased use of smartphone devices. Smartphones use silicone electrical sealants in fingerprint sensor assemblies to aid in achieving an IP waterproof rating, which helps protect various components against heat, shock, and contaminants. An anticipated increase in the active mobile connections along with the increased usage of smartphone devices is set to boost the silicone in electrical and electronic market.
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Who Are the Key Players Driving Silicone In Electrical And Electronic Market Growth?
The major players 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 Are The Key Trends In The Silicone In Electrical And Electronic Market?
Major market trends include:
• Advancements in thermal management
• The emergence of flexible and foldable electronics
• Integration of silicone in smart devices
• Innovations in sealants and encapsulants
• The integration of artificial intelligence in electronics
What Are The Segments Of The Silicone In Electrical And Electronic Market?
The silicone in electrical and electronic market is segmented by:
1. Product Type: Sealants And Adhesives, Ceramics, Silicone Coatings, Conformal Coatings, Encapsulants, Potting Silicones, Hardcoats, Optical Bonding Adhesives, Quartz And Thermal Management
2. Form: Fluids, Gels, Elastomers, Resins
3. End-User: Automotive Industry, Electronics Industry, Telecommunications, Other End-Users
Which Region Leads The Silicone In Electrical And Electronic Market?
In 2024, Asia-Pacific was the largest region in the silicone in electrical and electronic market. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Silicone In Electrical And Electronic Global Market Report?
- Market Size Analysis: Analyze the Silicone In Electrical And Electronic Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Silicone In Electrical And Electronic Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Silicone In Electrical And Electronic Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Silicone In Electrical And Electronic Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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