** U.S (New York) According to Report Ocean recently released its “Silicone in Electrical and Electronics Market ” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
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.
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Who is the largest manufacturers of Silicone in Electrical and Electronics Market Worldwide ?
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
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
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
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OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
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.
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.
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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 BENEFITS FOR STAKEHOLDERS
- 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.
Key Market Segments:
By Type
Fluids
Elastomers
Resins
Gels
By End Use Industry
Automotive
Consumer Electronics
Telecommunications
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
UK
Spain
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of LAMEA
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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