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Global Conductive Silicone Market Size By Type (Elastomers, Gels, Resins), By Application (Building And Construction, Automotive, Entertainment), By Geographic Scope And Forecast
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Conductive Silicone Market Size And Forecast
Conductive Silicone Market size was valued at USD 4.72 Billion in 2024 and is Projected to reach USD 7.73 Billion by 2031, growing at a CAGR of 7.00% from 2024 to 2031.
The increasing demand for silicone, proficient and sustainable properties of silicones and rapid growth in demand for silicone based products from several rising economies are some of the factors that will propel the growth of the market as well as increasing solar energy and led sectors will boost various opportunities that will lead to the growth of Conductive Silicone Market in the above-mentioned forecast period. The Global Conductive Silicone Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Conductive Silicone Market Definition
Silicon material that is filled with carbon and possesses good sensing properties is known as conductive silicone. Its electrical resistance may vary with deformation or compression. Conductive silicone is a perfect option for deformation sensors. They possess certain advantages such as heat resistance, electrical conductivity, moisture resistance, flexibility, easy assembly, low-temperature processability, and are environmentally mild. Conductive silicone is used in a wide range of applications such as bonding, fastening, printing, coating, and others. Conductive silicone rubbers are conductive compounds possessing strong elasticity, high flexibility, and enhanced mechanical properties.
They exhibit excellent thermal and electrical conductance. Furthermore, they exhibit resistance to heat, cold, and other adverse weather conditions. As compared to a conventional metallic conductor, conductive silicone rubber is highly flexible and resistant to corrosion owing to its low density and high elasticity. Usage of conductive silicone rubber provides excellent electromagnetic shielding effect along with protection from electrostatic discharge in its electrical applications. Conductive silicone rubbers are prepared by curing silicone rubbers at room temperature. Silicone rubbers are manufactured by silicones that are the polymer of silicon, containing carbon, hydrogen, oxygen, and other elements at times.
Conductive fillers are added during the curing process to impart conductive properties in silicone rubbers. Several types of conductive fillers such as carbon fibers, carbon black, copper fibers, and nickel-coated graphite are used as reinforcement agents in conductive silicone rubbers. The silicone rubber that is manufactured can be molded into various shapes such as sheets and strips based on commercial requirement. Conductive silicone rubbers are widely used in several end-user industries due to their thermal and electrical conductivity properties.
End-user industries such as electrical, electronics, automotive, defense & aerospace, and heavy industrial machineries experience broad usage of conductive silicone rubber. Electrically conductive silicone rubber is used in wires, cables, EMI shielding gaskets, and ESD shielding applications in electrical and electronics industries. Conductive silicone rubbers are used in EMP protection and wave guide application. They are used in military and aerospace equipment owing to their EMI shielding effects. Silicone rubber is used in car engines and wiring harness in the automotive industry. It is also used in automotive to detect the presence of deformation.
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Global Conductive Silicone Market Overview
The increasing demand for silicone, proficient and sustainable properties of silicones and rapid growth in demand for silicone based products from several rising economies are some of the factors that will propel the growth of the market. Conductive silicone rubbers are widely used in several end-user industries due to their thermal and electrical conductivity properties. End-user industries such as electrical, electronics, automotive, defense & aerospace, and heavy industrial machineries experience broad usage of conductive silicone rubber.
Electrically conductive silicone rubber is used in wires, cables, EMI shielding gaskets, and ESD shielding applications in electrical and electronics industries. Conductive silicone rubbers are used in EMP protection and wave guide application. They are used in military and aerospace equipment owing to their EMI shielding effects. Silicone rubber is used in car engines and wiring harness in the automotive.
Additionally, favorable regulatory policies such as the FDI and the free trade agreement are likely to propel the demand for the compound over the forecast period. The growing use of conductive silicone polymers in manufacturing rings, seals, gaskets, and coupling materials in packaging and oil & gas industries is expected to augment growth. Furthermore, rising demand for lightweight automobile parts owing to improved fuel efficiency and lower emissions is expected to drive the conductive silicone rubber demand. The product is used in manufacturing plastic and rubber modifiers in the interior parts on account of exhibiting superior anti-wear and anti-blocking properties.
However, rising consumer awareness regarding the benefits of bio-based chemicals as compared to its synthetic counterparts is expected to hamper growth over the next seven years. In addition, the high cost of raw materials and growing competition from alternate products will restrict the growth of the market in the forecast period of 2020 to 2027. Escalating manufacturing cost of silicones will pose as a challenge to the growth of the Conductive Silicone Market.
Global Conductive Silicone Market: Segmentation Analysis
The Global Conductive Silicone Market is Segmented on the Type, Application, And Geography.
Conductive Silicone Market, By Type
- Elastomers
- Gels
- Resins
- Others
Based on Type, the market is bifurcated into Elastomers, Gels, Resins, Others. Silicone elastomers are projected to be the most dominant type of conductive silicones between 2016 and 2021. Silicone elastomers are of great importance due to their extraordinary characteristics such as electric properties, mechanical strength, shock resistance, moisture resistance, excellent adhesion properties, and aging and chemical resistance. Silicone elastomer are further segmented as HTV (High temperature vulcanize), LSR (Liquid silicone rubber), and RTV (Room temperature vulcanize) and are preferably used in the electronics & electrical industry.
Conductive Silicone Market, By Application
- Building and Construction
- Automotive
- Entertainment
- IT and Telecommunication
- LED
- Photovoltaic
- Power Generation and Distribution
- Others
Based on Application, the market is bifurcated into Building and Construction, Automotive, Entertainment, IT and Telecommunication, Photovoltaic, LED, Power Generation and Distribution, and Others. The automotive segment was the second largest application segment and accounted for over 30.5% of the global market volume. The increasing use of conductive silicone rubber for interiors of automobiles owing to its flame and weather resistance properties is expected to have a favorable impact.
Conductive Silicone Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of The World
On the basis of Regional Analysis, the Global Conductive Silicone Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia-Pacific, the largest market for conductive silicones, is also projected to register high growth, in terms of value, between 2016 and 2021. Accelerating demand from end-use industries such as power generation & distribution, photovoltaic, and LED in Asia-Pacific is driving the growth of the conductive silicones market. Rapid economic expansion, growth in the production of electronic devices, and technological innovation is expected to create opportunities for the market in this region.
Key Players
The “Global Conductive Silicone Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are DOW Corning, Reiss Manufacturing, Wacker Chemie AG, Nusil Technologies LLC, Momentive Performance Materials, ACC Silicones, Shin-Etsu Chemical, Bluestar Silicones, KCC Corporation, Evonik, Henkel, Specialty Silicone Products Inc., Master Bond Inc., Rogers Corporation, and Aremco Products Inc.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period |
2021-2031 |
| Base Year |
2024 |
| Forecast Period |
2024-2031 |
| Historical Period |
2021-2023 |
| Unit |
Value (USD Billion) |
| Key Companies Profiled |
DOW Corning, Reiss Manufacturing, Wacker Chemie AG, Nusil Technologies LLC, Momentive Performance Materials, ACC Silicones, Shin-Etsu Chemical, Bluestar Silicones, KCC Corporation, Evonik, Henkel. |
| Segments Covered |
|
| Customization Scope |
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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