Silicone in Electrical and Electronics Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

Silicone in Electrical and Electronics Market - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • April 2017 •
  • 195 pages •
  • Report ID: 4930965 •
  • Format: PDF
Silicone in Electrical and Electronics Market by Type (Fluids, Elastomers, Resins, and Gels) and End-Use Industry (Automotive, Consumer Electronics, Telecommunications, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

Silicones are durable materials that resist decay caused due to several adverse conditions, such as electromagnetic disturbances, moisture, and sunlight. Silicones bond with multiple materials, such as aluminum, steel, and plastics. Moreover, they have effectively proven to prevent humidity and hot & cold air in temperature-sensitive electronics, such as air conditioners and refrigerators. In addition, silicon rubbers are used in electronics industry, owing to its application of sealing, gasketing, and affixing components.

The market for silicone in electrical and electronics industry has witnessed a rapid growth in the past due to growth of electronics industry and increase in usage of silicone products by end use, such as automotive, consumer electronics, and telecommunication. The global silicone in electrical and electronics market was valued at $1,708 million in 2016, and is projected to reach $2,644 million by 2023, growing at a CAGR of 6.4% from 2017 to 2023. This is due to rapid growth of end use industries, increase in demand for silicone in electrical and electronics industry, and rapid consumption of silicone products.

Currently, the global silicone in electrical and electronics market witnesses a wide range of opportunities, owing to the increase in demand for silicone products among consumers. Moreover, increase in the use of silicone sealants & adhesives in consumer electronics enhances the weathering, radiation, and chemical resistance. Furthermore, rise in expenditure toward improvement of automotive & telecommunication structures in emerging markets, such as China, India, and Korea, augments the use of silicone in the form of gaskets, sealants, and waterproofing materials in electronic applications. In addition, shear stability, low volatility, and lesser surface tension properties make silicone fluids and elastomers ideal for electronics industry.

The global silicon in electronics market is segmented based on type, end use, and geography. Based on type, it is classified into fluids, elastomers, resins, and gels. The fluids segment dominated the global market in 2016, and is anticipated to maintain its dominance throughout the forecast period. Based on end use, the market is categorized into automotive, consumer electronics, telecommunications and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for nearly one-third share of the total revenue in 2016, followed by Europe and Asia-Pacific.

Key market players have invested largely in R&D activities to develop advanced products to cater to the demand for end users. The major players in the silicon in electronics market include:

Silchem, Inc.
ICM Products, Inc.
Speciality Silicone Products Incorporated
Wacker-Chemie GmbH
Evonik Industries AG
Kemira Oyj
Quantum Silicones
Kaneka Corporation
The Dow Corning Corporation

The report provides an extensive analysis and qualitative & quantitative analysis of the current and emerging market trends, estimations, and opportunities in the global silicone in electrical and electronics industry during the forecast period.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided in the report.
Comprehensive regional analysis of the market based on primary & secondary sources is provided.
Extensive analysis of the market is conducted by following key product benchmarking, positioning, and by monitoring the top competitors.
The report provides extensive qualitative insights on the significant segments or regions.
It provides key insights on strategic analysis of various companies and value chain analysis of the market.

Silicone in Electrical and Electronics Market Key Segments:

By Type

By End Use Industry
Consumer Electronics

By Geography
North America
Rest of Europe
Rest of Asia-Pacific
South Africa
Rest of LAMEA

Other players in the value chain (profiles not included in the report) include:

Mesgo S.P.A.
Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Reiss Manufacturing Inc.
KCC Corporation
Shin-Etsu Chemical Co., Ltd.
Momentive Performance Materials Inc.
Ashland Incorporated
CRI-SIL Silicone Technologies, LLC.
CSL Silicones Incorporated
Elkay SIlicones
CHS incorporation
*The above list of companies is not profiled in the report, but can be added based on client interest.