Conductive
Silicone Rubber Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
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.
Growing number of application in automotive sector coupled with
increasing demand from Asia Pacific region are expected to drive the growth of
conductive silicone rubber industry in the upcoming years. 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.
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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. Robust growth of automotive
industry and rapid industrialization, particularly in developing economies
across the globe such as India, Brazil, China, and South Africa are projected
to foster market expansion over the next seven years.
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.
Rise in number of the free trade agreements, and massive increase in import
& export activities in Asia Pacific & North America region are
bolstering market expansion, in the last few years. 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.
The conductive silicone rubber market is broadly categorized into three
major segments based on the application type such as automotive &
transportation, electrical & electronics, and industrial machines. The
automotive & transportation is considered as one of the fastest growing
segment in the conductive silicone rubber industry with substantial revenue
generation in the last few years. Growing popularity of conductive silicone
rubber in the automotive & transportation segment is attributed to the
growing demand for lightweight automobile parts. The electrical &
electronics segment has also witnessed substantial growth owing to the
increasing use as adhesives, sealants, and in coatings of wires & cables
due to its anti-static packaging properties.
The conductive silicone rubber market is divided by region as North
America, Europe, Asia-Pacific, Latin America and Africa. 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.
The key players in the conductive silicone rubber industry are Wacker
Co., Shin Etsu Pvt., Ltd., Momentive, Inc., Dow Corning, Inc., Saint-Gobain,
Inc., China National BlueStar (Group) Co., Ltd., Western Rubber & Supply
Ltd., KCC Co., Mesgo S.p.A, Jan Huei Industry Co., Ltd., and Reiss
Manufacturing, Inc.
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