Conductive Silicone Rubber Market Outlook:
Conductive Silicone Rubber Market size was valued at USD 8.85 billion in 2025 and is expected to reach USD 19.64 billion by 2035, expanding at around 8.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of conductive silicone rubber is evaluated at USD 9.51 billion.
The growth of the market can be attributed to the rising use in the automotive, transportation, and manufacturing sectors. The increasing use of electronics and electronic devices and compounds across the world owing to increasing need is estimated to drive the market growth. According to the estimations in 2023, worldwide more than 5 billion people are using the internet which is equivalent to about 65% of the world’s population. Electronic devices include televisions, smartphones, laptops, and air conditioners which are seen commonly in many households.
Silicone rubbers are used in many industries as they are thermally well-conductive. The increasing transportation sector for the production of wiring harnesses, sealants, connectors, gaskets, and spark plugs is expected to drive the industry growth. Also, the rising preference for lightweight automobiles such as electric vehicles across the world is estimated to boost the market growth as per the market analysis. The increasing cost and less efficiency of fuel vehicles are driving the demand for lightweight vehicles which increases the use of silicon rubbers in the automobile manufacturing sector. According to the reports, electric light commercial vehicle sales around the world as of 2021 were more than 65%.
