Conductive Silicon Rubber Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Conductive Silicon Rubber Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Conductive Silicon Rubber Market

The conductive silicon rubber market size was valued at USD 9.88 billion in 2020, and the market is now projected to grow from USD 10.65 billion in 2021 to USD 17.88 billion in 2028, exhibiting a CAGR of 7.7% during the forecast period of 2021-2028.

The changes in the raw material supply frequencies, logistics and shipping norms hindered the market growth. The pandemic has certainly disrupted the supply and demand chain for raw materials and end products. The lack of manpower is the reason that resulted in the disruption of the market. Additionally, it was difficult for businesses and industries to reclaim the necessary staff following the furlough and lockdown. This had a direct impact on production. Thus, the COVID-19 pandemic has impeded the conductive silicon rubber market growth.

The conductive silicon rubber market share globally has increased because of the growing adoption of such rubbers from customers. It is a multipurpose elastomer employed in a range of end-use sectors. Increasing utilization in these verticals is one of the major attributes for market expansion. Furthermore, these rubbers are used in shielding the computer rooms and office equipment from electromagnetic radiation, attracting many consumers. They can act as an electrical insulation and enhance heat dissipation and consequently supporting the rising demand for the product. These qualities of the product is attracting many customer which is impelling the market development

The trend is increasing research and development of self-healing silicone elastomers to foster market growth. Scientists have established the self-healing property of silicone rubber by the process of heat activated revocable bonding which is pushing the demand. It is engaged in molding diverse preferred shapes and designs for different purposes. This self-healing quality is estimated to be beneficial in several advanced appliances that encourage market growth.

Comprehensive Analysis of Conductive Silicon Rubber Market

The conductive silicon rubber market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by type and application. The types include electrically conductive and thermally conductive. Similarly, the applications involved automotive, electrical & electronics, industrial, and others.

The Asia Pacific region is conducive to the global conductive silicon rubber market, leading to a recall of USD 3.42 billion because of the existence of a large production base in countries such as China, India, Taiwan, South Korea and Japan is expected to boost the market growth.

The top players in the market play a vital role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include Shin Etsu (Japan), Wacker Chemie (Germany), Momentive Performance Materials (U.S.), Specialty Silicone Products Inc. (U.S.), Novation Solutions (Hong Kong), Simolex rubber Corporation (U.S.), KCC corporation (South Korea),Western Polyrub India (India), Dow Corning (U.S.), and Soliani EMC s.r.l (Italy), these market players provide a level-playing competitive landscape.

In January 2021, Shin Etsu chemical developed a silicone thermal interface material for electric vehicles and hybrid EV. Through this development it has extended its silicone products portfolio aimed at producing thermal interface materials for EV because there was a need for protection against excessive heat overindulgence in lithium-ion-based batteries and other electronic control systems.

Segmentation Table

Global Conductive Silicon Rubber Market Scope

ATTRIBUTE DETAILS

Study Period2017-2028

Base Year2020

Estimated Year2021

Forecast Period2021-2028

Historical Period2017-2019

UnitValue (USD Billion) and Volume (Kilo Tons)

SegmentationType, Application, and Geography

By TypeElectrically Conductive

Thermally Conductive

By ApplicationAutomotive

Electrical & Electronics

Industrial

Others

By RegionNorth America (By Type, By Application, By Country)

U.S. (By Application)

Canada (By Application)

Europe (By Type, By Application, By Country)

Germany (By Application)

U.K. (By Application)

France (By Application)

Italy (By Application)

Rest of Europe (By Application)

Asia Pacific (By Type, By Application, By Country)

China (By Application)

India (By Application)

Japan (By Application)

ASEAN (By Application)

Rest of Asia Pacific (By Application)

Latin America (By Type, By Application, By Country)

Brazil (By Application)

Mexico (By Application)

Rest of Latin America (By Application)

The Middle East & Africa (By Type, By Application, By Country)

GCC (By Application)

South Africa (By Application)

Rest of Middle East & Africa (By Application)


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