The global Conductive Silicone Rubber Market size is expected to value at USD 6.85 billion by 2022. The market is subject to witness a substantial growth due to the growing demand for various application such as lighting and electrical wiring applications. Additionally, increasing adoption of conductive silicone rubber for anti-static packaging to limit dust accumulation during electric charge is anticipated to boost the market growth over next seven years.
Growing number of application in automotive sector coupled with increasing demand from Asia Pacific region are expected to drive the growth of conductive silicone rubber industry in the upcoming years. Globally, the conductive silicone rubber market is predicted to grow at CAGR of 7.1% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
Other factors that are responsible for sustained growth of conductive silicone rubber industry include shifting trend towards adoption of lightweight automobile parts and lower emission rate. Use of lightweight automobile parts enhances fuel efficiency of the vehicle thus driving market demand for conductive silicone rubber. In addition, conductive silicone rubber is increasingly used in production of plastic and rubber modifiers owing to its superior anti-wear and anti-blocking properties. Robust growth of automotive industry and rapid industrialization, particularly in developing economies across the globe such as India, Brazil, China, and South Africa are projected to foster market expansion over the next seven years.
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Moreover, favorable government policies coupled with higher approval rate from various local and international authorities such as FDI are likely to propel market demand for conductive silicone rubber over the forecast period. Rise in number of the free trade agreements, and massive increase in import & export activities in Asia Pacific & North America region are bolstering market expansion, in the last few years. Increasing adoption of conductive silicone rubber for production of rings, seals, gaskets, and coupling materials in packaging and oil & gas industries are predicted to augment market value for the product.
Growing user awareness associated with the use of bio-based chemicals and their numerous advantages over the synthetic products are positively affecting market performance of conductive silicone rubber, in the recent years. However, volatility in the cost of raw materials and lack of availability are major challenges for industry expansion over the forecast period.
The conductive silicone rubber market is broadly categorized into three major segments based on the application type such as automotive & transportation, electrical & electronics, and industrial machines. The automotive & transportation is considered as one of the fastest growing segment in the conductive silicone rubber industry with substantial revenue generation in the last few years. Growing popularity of conductive silicone rubber in the automotive & transportation segment is attributed to the growing demand for lightweight automobile parts. The electrical & electronics segment has also witnessed substantial growth owing to the increasing use as adhesives, sealants, and in coatings of wires & cables due to its anti-static packaging properties.
The conductive silicone rubber market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in automotive & electrical industry, and existence of well-established manufacturing infrastructure in the region.
Asia-Pacific region is predicted to hold major market share in the conductive silicone rubber with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth in the region, rapid industrialization, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the conductive silicone rubber industry are Wacker Co., Shin Etsu Pvt., Ltd., Momentive, Inc., Dow Corning, Inc., Saint-Gobain, Inc., China National BlueStar (Group) Co., Ltd., Western Rubber & Supply Ltd., KCC Co., Mesgo S.p.A, Jan Huei Industry Co., Ltd., and Reiss Manufacturing, Inc.
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Conductive Silicone Rubber Product Outlook (Volume Kilo Tons, Revenue, USD Million, 2012 – 2022)
• Thermally Conductive
• Electrically Conductive
Conductive Silicone Rubber Application Outlook (Volume Kilo Tons, Revenue, USD Million, 2012 – 2022)
• Automotive & Transportation
• Engine System
• Wiring Harness
• Electrical & Electronics
• Wires & Cables
• Lamps & Lighting
• Industrial Machines
• Stamping & Casting
• Oil & Gas
• Food & Beverage
Conductive Silicone Rubber Regional Outlook (Volume Kilo Tons, Revenue, USD Million, 2012 – 2022)
• North America
• Asia Pacific
• Latin America
• Saudi Arabia
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