The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Steady Market Growth

• Market Size: $2.08 billion in 2023, growing to $2.21 billion in 2024.
• CAGR: 6.0%.
• Growth Factors:
  • Heat resistance and thermal stability.
  • Insulating properties.
  • Water and weather resistance.
  • Flexibility and low-temperature performance.
  • Dielectric strength and adhesion to various substrates.

Future Market Projections

• Expected Market Size: $2.86 billion by 2028.
• CAGR: 6.7%.
• Growth Drivers:
  • Electric vehicle revolution.
  • Advanced wearable electronics.
  • Smart home applications.
  • Sustainable and eco-friendly trends.
  • Emerging flexible electronics.
• Major Trends:
  • Advancements in thermal management.
  • Flexible and foldable electronics.
  • Integration of silicone in smart devices.
  • Innovation in sealants and encapsulants.
  • AI integration.

Read The Full Silicone In Electrical And Electronic Market Report Here:
https://www.thebusinessresearchcompany.com/report/silicone-in-electrical-and-electronic-global-market-report

Silicone’s Demand Fueled by Smartphone Proliferation

• Smartphone Usage: Increasing use of smartphones driving demand for silicone.
• Silicone Applications:
  • Electrical sealants in smartphone components.
  • Waterproof ratings for fingerprint sensors.
  • Protection against heat, shock, and contaminants.
• Market Impact:
  • 71.8 million mobile connections active in 2022.
  • By 2025, 95% of UK individuals will carry smartphones, boosting silicone demand.

Leading Companies

• Key Players:
  • Silchem Inc.
  • ICM Products Inc.
  • Specialty Silicone Products Inc. (SSP)
  • Wacker Chemie AG
  • Evonik Industries AG
  • Dow Inc.
  • Kemira Oyj
  • Quantum Silicon Inc.
  • Kaneka Corporation
  • Hutchinson SA
  • Shin-Etsu Chemical Co. Ltd.
  • H.B. Fuller Company
  • Krayden Inc.
  • Master Bond Inc.
  • Permabond LLC
  • Pyradian Corporation
  • Silicones Plus Inc.
  • Trelleborg Group
  • Zeus Industrial Products Inc.

Technological Advancements Driving Market

• Key Trend: Adoption of new technologies.
• Example:
  • Dow Inc.:
    • Launched three new silicone technologies for EV electronics in June 2021.
    • Products: DOWSIL TC-2035 CV Adhesive, DOWSIL TC-4551 CV Gap Filler, DOWSIL TC-4060 GB250 Thermal Gel.
    • Features: Reliable performance, high thermal conductivity, efficient heat dissipation, easy processing.

Strategic Acquisitions

• Example:
  • Momentive Inc.:
    • Acquired KCC Corporation’s silicone business in January 2021.
    • Objective: Accelerate silicone business with combined capabilities.
    • Applications: Healthcare, telecommunications, electronics, personal care, energy.

Market Segmentation

• By Product Type:
  • Sealants and Adhesives.
  • Ceramics.
  • Silicone Coatings.
  • Conformal Coatings.
  • Encapsulants.
  • Potting Silicones.
  • Hardcoats.
  • Optical Bonding Adhesives.
  • Quartz and Thermal Management.
• By Form:
  • Fluids.
  • Gels.
  • Elastomers.
  • Resins.
• By End-User:
  • Automotive Industry.
  • Electronics Industry.
  • Telecommunications.
  • Other End-Users.

Regional Insights

• Largest Region: Asia-Pacific in 2023.

The silicone in electrical and electronic markets is experiencing robust growth, driven by advancements in technology, increasing smartphone usage, and strategic acquisitions. As the market evolves with innovations in thermal management and AI integration, it is set to meet the rising demands of modern electronic applications efficiently.

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The Silicone In Electrical And Electronic Global Market Report 2024  provides an overview of the silicone in electrical and electronic market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The silicone in electrical and electronic market forecast analyzes silicone in electrical and electronic market size, silicone in electrical and electronic market share, leading competitor and their market positions.

The Table Of Content For The Silicone In Electrical And Electronic Market Include:
1. Silicone In Electrical And Electronic Market Executive Summary
2. Silicone In Electrical And Electronic Market Segments
3. Silicone In Electrical And Electronic Market Size And Silicone In Electrical And Electronic Market Growth Rate
4. Key Silicone In Electrical And Electronic Market Trends
5. Major Silicone In Electrical And Electronic Market Drivers
……
25. Key Mergers And Acquisitions In The Silicone In Electrical And Electronic Market
26. Top Silicone In Electrical And Electronic Companies
27. Silicone In Electrical And Electronic Market Opportunities And Strategies
28. Silicone In Electrical And Electronic Market, Conclusions And Recommendations
29. Appendix

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