According to a new report published by Allied Market Research titled, “Silicone in Electrical and Electronics Market by Type and End-user: Global Opportunity Analysis and Industry Forecast, 2021–2030” The silicone in electrical and electronics market size was valued at $1.6 billion in 2020, and is projected to reach $2.6 billion by 2030, growing at a CAGR of 10.7% from 2021 to 2030.
increase in use of silicone in electrical and electronics industry and rise in demand for electrical and electronics product from Asia-Pacific drive the growth of the silicone in electrical and electronics industry market. Various electrical and electronics market players have started using silicone to protect and insulate electronic components. Silicone materials, such as sealants and adhesives, impart water repellency and breathability to electronic components. This acts as a lucrative opportunity for players in the global silicones in electrical and electronics market.
Download Sample Report (Get Full Insights in PDF - Pages) https://www.alliedmarketresearch.com/request-sample/2112
Silicones in electrical and electronics industry are regarded as a large class of synthetic materials that consist of silicone sealants, adhesives, insulation and coatings, which help make electrical and electronics product more energy-efficient. Silicone in electrical and electronics products provides high thermal stability and resistance to weathering and UV radiation, owing to which there has been increase in demand for silicone from the electrical and electronics sector. Silicone is heat-resistant and rubber-like material, which is used in applications for thermal and electric insulation. Due to the advantages of silicone, such as low toxicity, electrical properties, and high purity, it is used in silicone rubber application of sealing, coating, and insulating parts in the electronics industry.
Request For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/2112
The silicone in electrical and electronics market offers various opportunities to the market players involved in silicone production, owing to rapid growth in the global economy and disposable incomes. Increase in use of silicone in electrical and electronics industry as well as growth in the electrical and electronics industry, especially in China and India are some prominent aspects that augment the growth of the silicone in electrical and electronics market. Silicone-based products, such as electrically conductive silicone adhesives, are widely used in the electrical and electronics industry. They can be used to attach components instead of soldering. When exposed to high temperatures, silicone remains stable and can endure the heat found in many operating situations. Silicone-based conformal coatings also electrically isolate all conductors on a printed circuit board (PCB), as well as insulating electronics from heat, high temperatures, corrosives, and vibration. Thermally-conductive silicone compounds are used to wrap electronics, including power supplies, rectifiers, transformers, and sensors to transmit heat away from them while also insulating them from humidity, vibration, dust, and high temperatures. These factors drive the demand for silicone in electrical and electronics industry. In addition, a wide range of silicone-based products, such as processor and chips are used in mobile phone. Increase in demand for mobile phones from countries such as India and China is expected to further boost the demand for silicone in electrical and electronics industry.
By type, the silicone elastomer segment dominated the global market in 2020, and is anticipated to maintain its dominance during the forecast period. The silicone fluids segment is projected to grow at a significant CAGR of 11.1% during the forecast period. Silicone elastomers are expected to witness rapid adoption in architectural applications owing to its properties, such as UV resistance, high thermal conductivity, outstanding electrical insulating properties, and lower flammability.
Interested in Procuring this Report? Visit @ https://www.alliedmarketresearch.com/silicone-in-electrical-and-electronics-market/purchase-options
By end-user, the consumer electronic segment dominated the global market in 2020. Increase in need for silicone sealants in the consumer electronics industry for its higher elongation and lower strength characteristics make it ideal for sealing joints and assemblies. In addition, there is increased in demand for laptops and mobile phone driving the demand for silicone in consumer electronics.
Asia-Pacific garnered the highest share in the silicone in electrical and electronics market in 2020, in terms of revenue, and is anticipated to maintain its dominance during the forecast period. The silicone in electrical and electronics market share is analyzed for all significant regions and countries.
Leading Market Players:
- Silchem Inc
- ICM Products Inc
- Speciality Silicone Products Incorporated
- Wacker-Chemie GmbH
- Evonik Industries AG
- Hutchinson
- Kemira Oyj
- Quantum Silicones
- Kaneka Corporation
- The Dow Corning Corporation
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com
Follow us on LinkedIn and Twitter
