Conductive Silicone Rubber Market

Segmentation by Product Type (Thermal Conductive, Electricity Conductive, and Others); by End-Use (Automotive, Electrical & Electronics, Defense, Aerospace, Industrial Machines, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3548 | Published On: Feb 07, 2023
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Global Conductive Silicone Rubber Market Regional Synopsis

On the basis of geographical analysis, the global conductive silicone rubber market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing electronic manufacturing in the region. Moreover, the increasing application of silicone rubbers in electronic appliances is anticipated to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of high production of automobiles in the region. More than 3 million cars were sold in the U.S. in 2020. In addition to this, the growing adoption of electric cars in the region, is estimated to boost the market growth.

Conductive Silicone Rubber Market

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The global conductive silicone rubber market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Conductive Silicone Rubber Market
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Major Macro-Economic Indicators Impacting the Market Growth

Refinery Catalyst

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Market Segmentation

Our in-depth analysis of the global conductive silicone rubber market includes the following segments:

By Product Type

  • Thermal Conductive
  • Electricity Conductive
  • Others

By End-Use

  • Automotive
  • Electrical & Electronics
  • Defense
  • Aerospace
  • Industrial Machines
  • Others

Growth Drivers

  • Advantages of Silicone Rubber Conductors over Metal Conductors
  • Growing Application in Electronic Appliances


  • Higher Cost of Silicone Rubber

Refinery Catalyst
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Top Featured Companies Dominating the Market

    • Wacker Chemie AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Specialty Silicone Products, Inc.
    • Shin-Etsu Chemical Co., Ltd.
    • Novation Solutions, LLC
    • 3M
    • Stockwell Elastomerics, Inc.
    • Momentive Performance Materials Inc.
    • Solvay S.A.
    • The Dow Chemical Company
    • KCC Corporation

In The News

  • July, 2021: Stockwell Elastomerics, Inc. to enter the silicone rubber market with its new product, Silicone Sponge Gaskets and Pads with ESD protection, available in 3 densities. The sponges are coated with T62 conductive coating.

  • January, 2021: The Silicone Division of Shin-Etsu Chemical Co., Ltd. announced the company’s new initiative towards achieving carbon neutrality.

  • January 2021: Novation Solutions, LLC, a leading producer of high-quality silicone dispersions, announced the launch of a new silicone rubber, PURmix, using Novation Si and Zeon Technologies.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the conductive silicone rubber market?

Ans: The advantages of conductive silicone rubber over metallic conductors are estimated to boost the market growth.

2) What would be the CAGR of conductive silicone rubber market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the conductive silicone rubber market growth?

Ans: High cost of conductive silicone rubber is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of conductive silicone rubber market in future?

Ans: The market in the North America region is estimated to provide more business opportunities owing to the high production of automobiles in the region.

5) Who are the major players dominating the conductive silicone rubber market?

Ans: The major players in the market are Specialty Silicone Products, Inc., Shin-Etsu Chemical Co., Ltd., Evonik Industries AG, 3M, BASF SE, Momentive Performance Materials Inc., Solvay S.A., and The Dow Chemical Company.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the conductive silicone rubber market?

Ans: The market is segmented by product type, end-use, and by region.

8) Which segment captures the largest market size in product type segment in the conductive silicone rubber market?

Ans: The electricity conductive segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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