Global Hermetic Packaging Market to Reach $4.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Hermetic Packaging estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 4.2% over the analysis period 2020-2027. Ceramic-to-Metal Sealing, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$2.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Glass-to-Metal Sealing segment is readjusted to a revised 4.2% CAGR for the next 7-year period.The U.S. Market is Estimated at $991 Million, While China is Forecast to Grow at 6.9% CAGR
The Hermetic Packaging market in the U.S. is estimated at US$991 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$647.9 Million by the year 2027.Passivation Glass Segment to Record 3.6% CAGR
In the global Passivation Glass segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$410.9 Million in the year 2020 will reach a projected size of US$520 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.7% CAGR through the analysis period.Select Competitors (Total 38 Featured) -
- AMETEK, Inc.
- Amkor Technology, Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
- SCHOTT AG
- Teledyne Microelectronic Technologies
- Texas Instruments, Inc.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 271 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 3.7 Billion |
Forecasted Market Value ( USD | $ 4.9 Billion |
Compound Annual Growth Rate | 4.1% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- AMETEK, Inc.
- Amkor Technology, Inc.
- Egide SA
- Kyocera Corporation
- Legacy Technologies Inc.
- Materion Corporation
- Micross Components
- SCHOTT AG
- Teledyne Microelectronic Technologies
- Texas Instruments, Inc.