Electronic Sealants Market Projected to Achieve US$ 2,525.7 Million Valuation by 2033

Electronic Sealants Market

The electronic sealants market was projected to reach US$ 1,039.6 million in value by 2023. It is expected to grow between 2023 and 2033 at a CAGR of 9.3%. The market is anticipated to be worth US$ 2,525.7 million by 2033.

The need for electronic sealants is anticipated to increase as electronic devices become more widely used and as the requirement for protection against moisture, dust, and other environmental conditions grows. To keep up with the changing demands of the electronic sector, the market is observing considerable technological breakthroughs.

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.

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.

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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.

The region houses numerous electronic component manufacturers. Rising production of electronic devices is also expected to fuel demand for electronic sealants in East Asia. Increasing need for high-performance sealants with superior durability and resistance to extreme temperatures and harsh chemicals is further boosting demand.

Key Takeaways from the Electronic Sealants Market Study:

  • The global electronic sealants market witnessed a CAGR of 0% during the historical period between 2018 and 2022.
  • China is electronic sealants market expected to reach about US$ 572.2 million by end of 2033.
  • By type, silicone sealants generated around 2% of the global electronic sealants market share in 2022.
  • By application, the gap fillers segment is anticipated to reach US$ 4 million by end of 2033.
  • Based on end-use industry, the electrical & electronics segment accounted for a 2% electronic sealants market share in 2022.

“Due to 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 lead FMI analyst.

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

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Electronic Sealants 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

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Central Asia
  • Russia and Belarus
  • Balkan and Baltic
  • South Asia Pacific
  • East Asia
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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