Conductive Silicone Rubber Market Segmentation:
Product Type Segment Analysis
The global conductive silicone rubber market is segmented and analyzed for demand and supply by product type into thermal conductive, electricity conductive, and others. Out of the three types, the thermal conductive segment is estimated to gain the largest market share of about 40% in the year 2035. The growth of the segment can be attributed to the increasing applications in automotive vehicles, personal computers, and other home appliances. The rising electronic appliances such as printed and circuit boards, and sensors use thermal conductive silicone rubber to enhance the flow and processing with thermal stability is estimated to propel the market segment growth during the forecast period. The number of home appliances sold across the U.S. in the year 2020 was estimated to be over 570 million. The conductive silicone-based adhesive is also being manufactured for usage in electronic devices to improve the thermal and mechanical connections of components in electronic devices. The increasing number of electric vehicles and demand for lightweight automobiles across the world is also estimated to drive market segment growth.
End-user Segment Analysis
The global conductive silicone rubber market is also segmented and analyzed for demand and supply by end-user into automotive, electrical & electronics, defense, aerospace, industrial machines, and others. Amongst these segments, the automotive segment is expected to garner a significant share of around 29% in the year 2035. The market segment growth is attributed to the increasing demand for personal vehicles around the world owing to rising disposable income. The growing number of automobiles that use conductive silicon rubber for interiors as it is resistant to fire and weather is estimated to propel the market segment growth during the forecast period. The rising demand for parts of automobile vehicles with increasing manufacturing of automobiles across the world.
The automotive parts exported across the world from the U.S. in the year 2021 were estimated to reach over USD 68 billion. The protective nature of silicone rubber against moisture, water spray, and dirt is estimated to increase the applications in spark plugs.
Our in-depth analysis of the global market includes the following segments:
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By End User |
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