Electronic Sealants Market

Electronic Sealants Market Outlook (2023 to 2033)

The global Electronic Sealants Market size stood at around USD 1,039.6 million in 2023. It is slated to increase at a CAGR of 9.3% from 2023 to 2033. The market is estimated to reach a valuation of USD 2,525.7 million by 2033.

East Asia is set to be the most prominent and fast-growing regional market. It is likely to be driven by high demand for electronic devices and components in countries such as China, Japan, and South Korea.

The region is home to several electronic component manufacturers. Increasing production of electronic devices is also expected to push demand for the product.

Electronic sealants are typically used to fill gaps, joints, and seams in electronic devices. Their ability to prevent ingress of water or other substances that can cause damage or malfunction is set to push demand. These are commonly used in various applications, including automotive electronics, consumer electronics, aerospace, and industrial equipment.

The internet of things (IoT) technology is transforming the way individuals live and work. A growing number of devices and sensors are set to be connected to the internet to collect and transmit data. As the adoption of IoT technology continues to increase across various industries, electronic sealant demand is on the rise.

These sealants play a crucial role in protecting IoT devices and sensors from environmental factors. A few of the most common factors include moisture, dust, and temperature fluctuations.

These can cause severe damage and reduce their lifespan. Sealants provide a barrier to protect sensitive electronic components from the effects of the environment. They help to ensure proper functioning of IoT devices.

Use of sealants in IoT devices is particularly critical in industries such as healthcare and industrial automation. Numerous devices and sensors are used in harsh environments across the aforementioned industries.

In healthcare sector, for instance, electronic devices are used to monitor patients' vital signs. Sealants help to protect them from moisture and dust, ensuring their accuracy and reliability. In industrial automation, sensors are extensively used in manufacturing processes. Sealants can protect them from temperature fluctuations and other environmental factors.

Growing adoption of IoT technology in various industries is hence expected to drive the demand for electronic sealants. As more devices and sensors are connected to the internet, need for reliable and robust electronic sealants is set to expand.

Attributes	Key Insights
Electronic Sealants Market Estimated Size (2023E)	USD 1,039.6 million
Projected Market Valuation (2033F)	USD 2,525.7 million
Value-based CAGR (2023 to 2033)	9.3%
Collective Value Share: Top 3 Countries (2023)	35% to 40%

2018 to 2022 Electronic Sealant Sales Outlook Compared to Demand Forecast from 2023 to 2033

The global electronic sealants market maintained an average CAGR of 4.0% during the historical period between 2018 and 2022. As per current estimates, the market is expected to witness a CAGR of around 9.3% between 2023 and 2033.

Demand for electronic sealants has expanded in the past due to increasing production of electronic devices and components. Use of electronic devices has become more widespread.

It has led to rising need for reliable and robust electronic sealants. These help to protect them from the effects of the environment such as moisture, dust, and temperature fluctuations.

Sealants are primarily used in surface mounting, often referred to as chip bonding, in the electronics sector. Both the wave joining and reflow soldering procedures involve electronic adhesives.

These substances are simple to spread and have great electrical conductivity. Surface-mount devices are placed on pellets or dots of UV-curing adhesives. The glue is then cured in order to keep the device in place while the manufacturing of electronic devices is carried out.

Top Electronic Sealants Market Trends Listed by Future Market Insights (FMI)

• As more consumers turn to electric vehicles due to their environmental benefits and increased fuel efficiency, electronic sealant demand is increasing due to their high usage in onboard electronics and computer chips.
• Electric vehicles rely heavily on essential electronic components such as battery packs and power electronics, which use electronic sealants frequently.
• Electronic sealants are used to protect battery packs in automobiles as well as other heavy machinery from environmental factors that can cause degradation and reduced performance.
• Sealants are also used in the residential sector as they help to protect power electronics, including inverters and charging systems from moisture and dust, which can cause significant damage to the vehicle.
• Governments around the world are implementing policies to incentivize the adoption of electric vehicles, which might propel electronic sealant sales.

Which Factors Might Hamper Electronic Sealant Demand Worldwide?

• Electronic sealants might face competition from various substitutes such as tapes, adhesives, and coatings, which offer similar or better performance at a lower cost.
• Tapes and adhesives are popular substitutes for products, particularly in applications that do not require high levels of protection against environmental factors.
• Coatings are another substitute for products, particularly in applications that require protection against moisture and dust that are also cost effective.
• Coatings can offer similar or better performance than electronic sealants, as well as can be applied more quickly and easily.
• Manufacturers could lose out on growth opportunities upon failure to develop new and innovative products that offer unique benefits and properties that cannot be found in substitutes.

Country-wise Insights

Why would China Showcase Immense Popularity of Electronic Sealants?

High Demand for Smartphones and Tablets in China to Propel Sales of Waterproof Electrical Sealants

The electronic sealants market in China is expected to hold around 21.6% of the global market share by 2033. The country’s electronics and electrical industry is developing at a fast pace.

It is further projected to push demand for reliable and high-performance sealant products that can protect electronic components from moisture, dust, and other environmental factors. These can also ensure proper electrical insulation and improve product durability & reliability.

China has recently emerged as a global hub for electronics manufacturing. Numerous electronic components, devices, and equipment are being produced and exported from the country. Increasing demand for electronic products, including smartphones, tablets, consumer electronics, automotive electronics, and industrial electronics, is set to fuel growth.

What Makes Japan a Key Hub for Electronic Sealant Suppliers?

Rising Need for Fast Curing in Japan to Augment Demand for Electronics Grade Silicone

Japan electronic sealants market is a significant and mature sector. The country has a long history of electronics and electrical manufacturing. It also has a strong presence of global electronics companies and a well-developed supply chain.

Japan-based manufacturers have a strong emphasis on product quality and reliability. It applies to electronic sealants as well. Demand for high-quality sealant products that can provide effective protection is expected to boost the market.

Manufacturers in the country are known for their expertise in research and development. They would continuously strive to develop advanced formulations with improved properties.

A few popular properties include fast curing, high thermal resistance, better adhesion, and enhanced electrical insulation. They are doing so to meet evolving requirements of the electronics industry.

Why is the United States Exhibiting Rising Electronic Sealant Sales?

Electrical Silicone Sealants to Show High Demand among Solar Panel Companies in the United States

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.

Increasing demand for electronic sealants in the medical industry for various medical devices is also expected to propel growth in the United States. These are extensively used to prevent the ingress of harmful substances into medical equipment. They can prevent the entry of bacteria, viruses, or other harmful substances that could compromise the safety and effectiveness of medical devices.

Category-wise Insights

Which is the Leading End-use Industry Globally?

Electrical & Electronics Companies to Demand Silicone Rubber Sealing Glue Sealant

Based on the end-use industry, the electrical & electronics segment accounted for a 44.2% electronic sealants market share in 2022. In today's world, electronic devices are an integral part of one’s lives, ranging from smartphones and computers to cars and airplanes.

Demand for these devices is growing rapidly, and with it, the need for electrical sealants. These are essential in protecting the sensitive components of electronic devices from external factors that can damage them.

The automotive industry, on the other hand, is experiencing a surging demand for electronic devices. It is looking for advanced sensors and cameras, as cars become more connected and automated. These devices require specialized sealants to protect them from harsh environmental conditions such as heat, vibration, and exposure to chemicals.

The consumer electronics industry is projected to augment demand for electronic sealants, as use of electronic devices becomes widespread. Consumers are demanding electronic devices that are durable and can withstand external environmental factors. The factor is anticipated to play a crucial role in ensuring the longevity of these devices.

Which is the Most Preferred Type of Electronic Sealant?

Electronics Safe Silicone Sealants to Witness Astonishing Demand through 2033

In the global electronic sealants market, silicone sealants generated around 68.2% of share in 2022. Silicone sealant is made of silicone materials. They are known for their high flexibility, adhesion strength, and resistance to extreme temperatures. They are hence considered to be suitable for use in electronic devices that are exposed to extreme conditions.

These are used to seal and protect electrical connections such as wire terminations, connectors, and splices. These can also help to prevent moisture ingress, dust, and corrosion. Their ability to ensure proper electrical insulation is another factor that might push their sales.

Competitive Landscape

The global electronic sealants market is witnessing significant advancements in technology. Leading manufacturers are investing in research & development to create new and innovative sealants.

These advancements are driven by the need to produce sealants that can withstand harsh environments and extreme temperatures. They are also coming up with unique products that can provide better adhesion and reduce volatile organic compounds (VOC) emissions.

Development is crucial for applications such as the automotive and aerospace industries. In these industries, electronic devices need to operate in harsh environments.

For instance:

• In 2020, H.B. Fuller and Henkel AG and Co. KGaA announced a strategic partnership. The companies aim to develop and market silicone-based thermal interface materials for the automotive, consumer electronics, and industrial markets. The partnership is expected to leverage the strengths of both companies. It aims to create a wide range of innovative solutions that meet the needs of customers in various industries.

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	USD 1,039.6 million
Projected Market Valuation (2033)	USD 2,525.7 million
Value-based CAGR (2023 to 2033)	9.3%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (USD million) and Volume (tons)
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Central Asia; Russia and Belarus; Balkan and Balkan Countries; China; East Asia; South Asia Pacific; and Middle East and Africa
Key Countries Covered	United States, Canada, Brazil, Mexico, Argentina, Germany, United Kingdom, France, Italy, Spain, BENELUX, Nordics, Poland, Hungary, Romania, Czech Republic, Russia, China, Japan, South Korea, Taiwan, India, Association of Southeast Asian Nations, Australia and New Zealand, Gulf Cooperation Council countries, Türkiye, Northern Africa, and South Africa, Israel
Key Market Segments Covered	Type, End-use Industry, Application, and Region
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; Guangzhou Baiyun Chemical Industry Co.,ltd.; Chengdu Guibao Science and Technology Co., Ltd.; Kastar adhesive Co., Ltd.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives

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

Frequently Asked Questions

What was the global electronic sealants industry size reported in 2022?

The global electronic sealants industry reported a valuation of US$ 963.8 million in 2022.

What value is the global electronic sealants industry estimated to reach in 2023?

The global electronic sealants industry is estimated to reach a valuation of US$ 1,039.6 million in 2023.

What is the global electronic sealants industry valuation expected for 2033?

The global electronic sealants industry is estimated to reach a valuation of US$ 2,525.7 million in 2033.

What CAGR did the global electronic sealants industry exhibit over the last 4 years?

The global electronic sealants industry exhibited a CAGR of 4.0% over the last 4 years.

What is the projected CAGR for the global electronic sealants industry from 2023 to 2033?

The global electronic sealants industry is projected to exhibit a CAGR of 9.3% from 2023 to 2033.

Which type segment is expected to garner a significant value share by 2023?

The silicon sealants segment by type is estimated to generate about 67.8% of the global market share in 2023.