The global Conductive Silicone Rubber Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
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.
Key Players:
- Dow Corning Corporation
- Saint-Gobain
- Wacker
- Western Rubber & Supply, Inc.
- Momentive Performance Materials Inc.
- Shin-Etsu Chemical Co., Ltd.
- Specialty Silicone Products, Inc.
- KCC Corporation
- China National BlueStar (Group) Co., Ltd.
- Reiss Manufacturing, Inc.
- Mesgo SpA
- Jan Huei Industry Co., Ltd.
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Growth Drivers:
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.
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. 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.
Application Outlook:
- Automotive & Transportation
- Engine System
- Wiring Harness
- Electrical & Electronics
- Wires & Cables
- Lamps & Lighting
- Industrial Machines
- Packaging
- Stamping & Casting
- Oil & Gas
- Others
- Construction
- Food & Beverage
Regional Outlook:
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.
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