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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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Extensive insights into the Growth of Conductive Silicone Rubber Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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  • 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 Conductive Silicone Rubber Market Highlights over 2022 – 2030

The global conductive silicone rubber market is estimated to grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the various advantages provided by silicone rubber, over traditional metallic conductors, such as, higher flexibility, resistance to corrosion, elasticity, longer life, and excellent electromagnetic shielding. Conductive silicone rubber is a good conductor of electricity as well as heat, which makes it excellent for application in electronic appliances, automobiles, and heavy-duty machines. The growing adoption of conductive silicone rubber over metal conductors to make wires, parts of vehicles, and machinery, is the primary growth driver estimated to boost the market development. The growth of the market is also expected to be propelled by the growing production of automobiles across the globe. According to the data presented by the International Energy Agency (IEA), over 73 million cars were sold in 2020, which is estimated to cross 75 million in 2021. The growing sale of automobiles, is estimated to fuel the market growth. Moreover, the increasing application of conductive silicone rubber in flexible electronics is further expected to boost the market growth.

Conductive Silicone Rubber Market

The market is segmented by product type into thermal conductive, electricity conductive, and others, out of which, the electricity conductive segment is anticipated to hold the largest share in the global conductive silicone rubber market over the forecast period on account of growing application electricity conducting material in electric appliances. Owing to the higher flexibility and elasticity of conductive silicone rubbers, there application is estimated to significantly increase in electronics. This is estimated to boost the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

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.

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

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

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

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


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