Silicone in Electrical and Electronic Market Report 2025

The silicone in electrical and electronics market size has grown strongly in recent years. It will grow from $2.17 billion in 2024 to $2.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to heat resistance and thermal stability, insulating properties, water and weather resistance, flexibility and low-temperature performance, dielectric strength, adhesion to various substrates.

The silicone in electrical and electronics market size is expected to see strong growth in the next few years. It will grow to $3.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to electric vehicle revolution, advanced wearable electronics, smart home applications, sustainable and eco-friendly trends, emerging flexible electronics. Major trends in the forecast period include advancements in thermal management, flexible and foldable electronics, integration of silicone in smart devices, innovation in sealants and encapsulants, artificial intelligence (ai) integration.

The surge in smartphone usage is poised to drive the growth of silicone in the electrical and electronic markets. Smartphones, portable electronic devices connecting to cellular networks, utilize silicone electrical sealants in fingerprint sensor assemblies. These sealants contribute to achieving an IP waterproof rating and safeguard components from heat, shock, and contaminants. With capabilities such as primer-less adhesion to micro-USB type C components, they establish a barrier to prevent moisture intrusion. As an illustrative example, Uswitch Limited, a UK-based comparison and switching service, predicts 71.8 million active mobile connections in 2022, with 95% of the UK's 68.3 million individuals carrying smartphones by 2025. This surge in smartphone usage is a significant driver for silicone in the electrical and electronic market.

The expansion of the electric vehicle market is anticipated to propel the growth of silicone in the electrical and electronic sectors. Electric vehicles (EVs), which rely on stored electricity in rechargeable batteries, incorporate silicone as a crucial component in various electronic systems. The distinctive properties of silicone contribute to enhancing the performance, reliability, and safety of diverse EV components. Notably, the International Energy Agency reports that ten million electric vehicles were sold globally by 2022, with the market share expected to rise from 4% to 14% in the next two years. Consequently, the burgeoning electric vehicle market serves as a key driver for the utilization of silicone in the electrical and electronic sectors.

Major companies in the silicone in electrical and electronic market are increasingly focused on developing innovative products, such as thermal runaway mitigation solutions, to enhance safety and performance in high-energy systems like electric vehicles and consumer electronics. Thermal runaway mitigation involves strategies and technologies aimed at preventing or controlling scenarios where rising temperatures lead to further increases, potentially resulting in failures, fires, or explosions. For instance, in January 2022, CHT, a Germany-based manufacturer specializing in silicone and polymer solutions, launched Silicone Foam for Electronics and EV Battery Packs. This product is specifically designed to provide excellent thermal management, effectively dissipating heat and preventing overheating in battery systems, thereby enhancing safety and reliability in high-performance applications.

Major players in the silicone electrical and electronic markets are strategically forming partnerships to offer silicon carbide semiconductors, enhancing powertrain efficiency and extending the driving range of next-generation electric vehicles. An example of this strategic partnership approach is the collaboration between Jaguar Land Rover Automotive PLC and Wolfspeed, Inc., announced in October 2022. The partnership ensures a supply of silicon carbide semiconductor technology crucial for the electrification of Jaguar, Range Rover, Discovery, and other next-gen vehicles. This collaboration builds on Wolfspeed's prior engagement with the ABB FIA Formula E World Championship-winning Jaguar TCS Racing team, utilizing cutting-edge Silicon Carbide technology for on-track performance and efficiency. The partnership underscores Jaguar Land Rover's commitment to forging strategic alliances with industry leaders for its contemporary luxury vehicles. Wolfspeed Inc., based in the US, specializes in silicon carbide and gallium nitride material-based semiconductors.

In May 2024, KCC Corporation, a South Korea-based technology company, acquired Momentive Performance Materials for an undisclosed amount. This acquisition is intended to enhance KCC's position in the global specialty chemicals market. Momentive Performance Materials is a U.S.-based manufacturer specializing in the development and production of silicone and advanced materials.

Major companies operating in the silicone in electrical and electronic market include Silchem Inc., ICM Products Inc., Specialty Silicone Products Inc. (SSP), Wacker Chemie AG, Evonik Industries AG, Dow Inc., Kaneka Corporation, Hutchinson SA, Shin-Etsu Chemical Co. Ltd., H.B. Fuller Company, ACC Silicones Ltd., Elkem Silicones, LORD Corporation, Rogers Corporation, Momentive Performance Materials Inc., Henkel AG & Co. KGaA, Reiss Manufacturing Inc., Saint-Gobain Performance Plastics, 3M Company, Nusil Technology LLC, Siltech Corporation, Krayden Inc., Master Bond Inc., Permabond LLC, Silicones Plus Inc., Trelleborg Group, Zeus Industrial Products Inc.

Asia-Pacific was the largest region in the silicone in electrical and electronic market in 2024. The regions covered in the silicone in electrical and electronic market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the silicone in electrical and electronic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Silicone, within the realm of electrical and electronic applications, denotes a category of synthetic materials derived from metallurgical silicon, offering notable attributes such as high thermal stability and resistance to weathering, ozone, moisture, and UV radiation. This heat-resistant and rubber-such as substance finds extensive use in applications requiring thermal and electric insulation.

Prominent product categories in the domain of silicone in electrical and electronics encompass sealants and adhesives, ceramics, silicone coatings, conformal coatings, encapsulants, potting silicones, hardcoats, optical bonding adhesives, and quartz thermal management. Sealants and adhesives, characterized as polymer-sealing substances, play a crucial role in creating durable coverings on porous surfaces. Available in various forms such as fluids, gels, elastomers, and resins, these materials are utilized across diverse industries, including automotive, electronics, telecommunications, and others.

The silicone in electrical and electronics market research report is one of a series of new reports that provides silicone in electrical and electronics market statistics, including silicone in electrical and electronics industry global market size, regional shares, competitors with a silicone in electrical and electronics market share, detailed silicone in electrical and electronics market segments, market trends and opportunities, and any further data you may need to thrive in the silicone in electrical and electronics industry. This silicone in electrical and electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Silicone in the electrical and electronics market consists of sales of connectors, fluorosilicone, transistors, capacitors, coils, and printed circuit boards. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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