According to our expert analysts, in electrical applications, the use of conductive silicone rubber provides good electromagnetic shielding as well as protection from electrostatic discharge. Silicone rubbers with excellent elasticity, flexibility, and mechanical qualities are known as conductive silicone rubbers. They have good thermal and electrical conductivity. They are also resistant to heat, cold, and other extreme weather situations
The conductive
silicone rubber market size was USD 9.88
billion in 2020. The market is projected to grow from USD 10.65 billion in 2021 to USD
17.88 billion in 2028 at a CAGR of 7.7%
in the 2021-2028 period.
This information is provided by Fortune Business Insights, in its report, titled, “Conductive Silicone Rubber Market, 2021-2028”.
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Segmentation:
Based on type,
the market is segmented into electrically conductive and thermally conductive.
On the basis of
application, the market is segregated into automotive, electrical &
electronics, industrial, and others.
Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Drivers and Restraints:
Exceptional
Properties Compared to Normal Conductors to Stimulate Growth
Conductive
silicone rubbers are widely employed in a range of end-user industries due to
their thermal and electrically conductive properties. Electrically conductive
silicone rubber is used in conductors, cables, EMI shielding gaskets, and ESD
shielding applications in the electrical and electronics industries. EMP
protection and wave directing applications use silicone rubbers with conductive
characteristics. They are used in military and aerospace equipment because of
their EMI shielding properties. Silicone is chemically resistant,
biocompatible, and hypoallergenic due to its inert nature. The demand for
conductive silicone rubber has increased dramatically due to these excellent
qualities, further accelerating growth.
Regional Insights:
Asia Pacific is expected
to dominate the conductive silicone rubber market share. Increased economies,
paired with rising purchasing power, enabled significant growth in the
electronic, electrical, and automotive industries in countries such as China,
India, and South Korea. Therefore, the need for conductive silicone elastomers
has increased dramatically.
One of the most
important markets for conductive silicone rubber is Europe. The need for
electrically conductive silicone rubbers is being driven by the presence of a
significant automobile production base. Furthermore, the large number of
manufacturers present in European countries will contribute significantly to
market growth.
In North America,
demand for conductive silicone rubber has been driven by growth in key end-user
sectors in industrialized countries such as the U.S. and Canada.
Competitive Landscape:
Companies Adopt
Technologically Advanced Production Techniques to Improve Market Position
Major market
players are investing in research and development to produce higher-quality
products with more features. In addition, the corporations are pushing
strategic collaborations in order to boost their R&D activities. Businesses
place a strong emphasis on expanding their service areas in order to increase
market share and income. Companies are working hard to introduce new consumer
items to keep up with changing consumer preferences.
Key Industry Development:
·
January 2021: Novationsi launched a new HCR healthcare
compound that improves the electrical properties of silicone elastomers.
List of Key Players Mentioned in the
Report:
·
Wacker Chemie
(Germany)
·
Shin Etsu (Japan)
·
Momentive
Performance Materials (U.S)
·
Dow Corning (U.S)
·
Novation
Solutions (Hong Kong)
·
Specialty
Silicone Products Inc. (U.S)
·
KCC corporation
(South Korea)
·
Simolex rubber
Corporation (U.S)
·
Western Polyrub
India (India)
· Soliani EMC s.r.l (Italy)
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