The size of the worldwide market for electronic sealants was projected to reach US$ 1,039.6 million in 2023. Between 2023 and 2033, it is projected to grow at a CAGR of 9.3%. Estimates place the market’s value at US$ 2,525.7 million by 2033.
With growing adoption of electronic devices and 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.
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
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Get More Insights into the Electronic Sealants Market Report
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.
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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