Conductive Silicone Rubber Market Size, Share & Trends Analysis Report By Product (Thermally Conductive, Electrically Conductive, Others), By Application, By Region, And Segment Forecasts, 2023 - 2030

Conductive Silicone Rubber Market Size, Share & Trends Analysis Report By Product (Thermally Conductive, Electrically Conductive, Others), By Application, By Region, And Segment Forecasts, 2023 - 2030

Conductive Silicone Rubber Market Growth & Trends

The global conductive silicone rubber market size is estimated to reach USD 12.14 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% from 2023 to 2030. Growing application of conductive silicone rubber in electrical & electronics industry particularly in light of the growing industry in Asia is expected to be a key factor responsible for market growth.

Among industrial machines, oil & gas application is expected to witness fastest growth in terms of volume, growing at a CAGR of 8.6% over the forecast period. Expansion of upstream petroleum sector in China, India and Brazil in light of favorable policy to promote new investments along with rising domestic demand is likely to augment market growth. Thermally conductive silicone rubber films find application in vacuum lamination machines for solar industry on account of exhibiting shock absorption, glass panel protection and stress balancing properties.

Conductive Silicone Rubber Market Report Highlights

• The thermally conductive segment accounted for the largest revenue share of 48.5% in 2022
• The electrically conductive segment is projected to advance at the fastest CAGR of 8.2% over the forecast period
• The automotive & transportation segment held a significant revenue share of 30.5% in 2022
• Asia Pacific dominated the market and accounted for the largest revenue share of 51.7% in 2022

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