Electronic Sealants Market to Top US$ 2,525.7 Million by 2033 Amid Demand for High Complexity & Miniaturization of Electronic Devices | Future Market Insights, Inc.
The rise of renewable energy in the United States has created a need for electronic sealants. These are set to be utilized to protect solar panels, wind turbines, and other renewable energy systems from environmental factors that could cause severe damage.
NEWARK, Del, May 11, 2023 (GLOBE NEWSWIRE) — In 2023, the global electronic sealants market size was estimated to be worth US$ 1,039.6 Million. It is anticipated to expand at a CAGR of 9.3% between 2023 and 2033. By 2033, the market is set to be worth US$ 2,525.7 Million.
With the growing adoption of electronic devices and the increasing need for protection against moisture, dust, and other environmental factors, demand for electronic sealants is expected to rise. The market is witnessing significant technological advancements to meet evolving demands of the electronic industry.
New sealants are being developed that offer improved performance and greater reliability. These also help to ensure that electronic devices remain protected in harsh environments.
The increasing complexity and miniaturization of electronic devices require sealants that offer high performance and reliability. It has led to a shift toward high-performance electronic sealants that can withstand extreme temperatures, chemicals, and other environmental factors.
The electronic sealant market in East Asia is expanding rapidly, primarily due to the region’s high demand for electronic devices and components. Countries such as China, Japan, and South Korea are the dominant contributors to this growth.
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The region houses numerous electronic component manufacturers. The rising production of electronic devices is also expected to fuel the demand for electronic sealants in East Asia. The increasing need for high-performance sealants with superior durability and resistance to extreme temperatures and harsh chemicals is further boosting demand.
Key Takeaways:
- The global electronic sealants market witnessed a CAGR of 4.0% during the historical period between 2018 and 2022.
- China’s electronic sealants market is expected to reach about US$ 572.2 Million by the end of 2033.
- By type, silicone sealants generated around 68.2% of the global electronic sealants market share in 2022.
- By application, the gap fillers segment is anticipated to reach US$ 443.4 Million by the end of 2033.
- Based on the end-use industry, the electrical & electronics segment accounted for a 44.2% electronic sealants market share in 2022.
“Due to the increasing production of electronic components and gadgets, the need for electronic sealants has increased worldwide. Demand for dependable and durable electronic sealants has increased as a result. These aid in shielding devices from environmental hazards such as moisture, dust, and temperature changes,” – says a leading FMI analyst.
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Competitive Landscape:
Significant technological improvements are being witnessed in the market for electronic sealants on a global scale. To develop fresh and cutting-edge sealants, top manufacturers are spending in research and development.
Demand for sealants that can survive tough conditions and high temperatures is what spurred these developments. Key players are also developing novel products that can enhance adhesion and lower volatile organic compounds (VOC) emissions.
For instance,
- In April 2023, PPG introduced a kit called SEMCO Sealant Removal, Mixing & Application Kit. It can be used to remove and apply aerospace potting compounds, adhesives, and sealants on aircraft at remote locations.
Key Companies Profiled:
- Dow Inc.
- CSL Silicones Inc.
- H.B. Fuller Company
- American Sealants, Inc.
- Momentive Performance Materials
- CHT Germany GmbH
- Novagard
- Kohesi Bond
- ALSTONE INDUSTRIES PVT. LTD
- CHEMISCHE GLOBAL PVT LTD (ESSRBOND)
- Henkel AG
- Elkem ASA
- Shin-Etsu Chemical Co., Ltd.
- NANPAO RESINS CHEMICAL GROUP
Get More Insights:
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global electronic sealants market, providing historical data from 2018 to 2022 and forecast statistics for the period 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented based on type (silicone sealants, RTV silicones, silicone gel, epoxy sealant, PU sealant, acrylic sealant, polydimethylsiloxane sealant), application (encapsulation, underfilling, potting, conformal coating, thermal management, gap fillers, surface mounting), end-use industry (aerospace & defense, electrical & electronics, telecommunication, automotive), and regions.
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Market Outlook by Category:
By Type:
- Silicone Sealants
- RTV Silicones
- Silicone Gel
- Epoxy Sealant
- PU Sealant
- Acrylic Sealant
- Polydimethylsiloxane Sealant
By Application:
- Encapsulation
- Underfilling
- Potting
- Conformal Coating
- Thermal Management
- Gap Fillers
- Surface Mounting
- Others
By End-use Industry:
- Aerospace and Defense
- Electrical and Electronics
- Telecommunication
- Automotive
- Others
Table of Content (ToC):
1. Executive Summary | Electronic Sealants Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Tons) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Tons) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
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Have a Look at Related Research Reports on Chemicals & Materials:
Marine Sealants Market Size: The marine sealants market is set to strengthen its roots at a CAGR of 4.3% during 2022 and 2032. The market is likely to cross a revenue of US$ 392.27 Million by 2032 while it holds a value of US$ 257.48 Million in 2022.
Silicone Adhesives And Sealants Market Share: As per the recently released global silicone adhesives and sealants market report released by FMI, the net worth of the market in the current year 2022 is found to be around US$ 6.5 Billion, and over the forecast years, the market is projected to register a CAGR of 6.5%.
Aerospace Adhesives and Sealants Market Demand: According to Future Market Insights’ most recent market study, the global market for Aerospace Adhesives and Sealants is expected to reach US$ 921.4 Million in 2022 and grow at a CAGR of 5.1% between 2022 and 2032.
Polyurethane Adhesives Market Trends: According to Future Market Insights research, during the projected period, the global polyurethane (PU) adhesives market is set to top a valuation of US$ 9.63 Billion in 2022, and further expand at a CAGR of 6.1% during 2022 to 2032.
Hot Melt Adhesives Market Growth: Global demand for hot melt adhesives is expected to register a CAGR of 5.3% by accumulating a market value of US$ 12,675.5 Million. As of 2022, the market is expected to be valued at US$ 7,562.9 Million.
Epoxy Paints Market Analysis: The epoxy paints market is likely to estimate a CAGR of 5% through 2032. The market is likely to be estimated at US$ 36.38 Billion by 2032, up from its current valuation of US$ 59.26 Billion in 2022.
Epoxy Curing Agents Market Forecast: The global epoxy curing agents market is projected to have a moderate-paced CAGR of 5% during the forecast period. The current valuation of the market is US$ 3.11 Billion in 2022. The market value of the epoxy curing agents market is anticipated to reach a high of US$ 5.16 Billion by the year 2032.
Epoxy Type Stabilizers Market Overview: The global epoxy-type stabilizers market is anticipated to grow at a significant pace of around 4% to 5% CAGR over the forecast period from 2022 to 2032. Growth in the market is driven by the increasing adoption of epoxy-type stabilizers for various applications.
Epoxy Encapsulation Material Market Outlook: The demand in the global epoxy encapsulation material market is expected to exhibit growth at a robust CAGR of 6% to 7% during the forecast period 2022-2032.
Aqueous Acrylic Binders Market Sales: According to the latest market survey conducted by Future Market Insights, the aqueous acrylic binders market is relishing a market valuation of US$ 2.48 Billion in 2022 and is all set to expand with a CAGR of 4.3% during the 2023 to 2033 period.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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