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% |
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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.
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.
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.
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.
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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.
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.
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.
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| 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 |
The global electronic sealants industry reported a valuation of US$ 963.8 million in 2022.
The global electronic sealants industry is estimated to reach a valuation of US$ 1,039.6 million in 2023.
The global electronic sealants industry is estimated to reach a valuation of US$ 2,525.7 million in 2033.
The global electronic sealants industry exhibited a CAGR of 4.0% over the last 4 years.
The global electronic sealants industry is projected to exhibit a CAGR of 9.3% from 2023 to 2033.
The silicon sealants segment by type is estimated to generate about 67.8% of the global market share in 2023.
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Electronic Sealants Market
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