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Conductive Silicone Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4356

Conductive silicone market is set to register a notable growth over the projected timeframe of 2022 to 2028 with the burgeoning demand in various end-use industries. This can be credited to its excellent moisture resistance, heat resistance, electrical conductivity, flexibility, low temperature processability and easy assembly. These features have increased the application of conductive silicone materials in encapsulants & potting compounds, conformal coatings, fastening, bonding and printing, creating lucrative opportunities for the industry.    
 

The growth of conductive silicone market can also be attributed to the increased product usage in the automotive industry driven by rising demand for adhesives & sealants. Moreover, rising applications in end-use verticals like photovoltaic, LED industry, power generation, and distribution, electronics will positively impact the market space across the globe.
 

In terms of product type, conductive silicone market is segmented into elastomers, resins, gels, and others. Elastomers, which are further classified into high temperature vulcanize, liquid silicone rubber, and room temperature vulcanize, are recording relatively higher demand. They find extensive application in electronics and telecommunication sector due to their superior ability to resist extreme temperatures ranging between -55 to +300°C as well as chemical resistance against weathering. Their increasing adoption in numerous end-use applications is anticipated to drive the segment growth over the foreseeable future.
 

Based on application bifurcation, conductive silicone market is segmented into thermal interface materials, conformal coatings, adhesives & sealants, encapsulants & potting compounds, and other printing, fastening, and bonding applications. However, thermal interface materials segment is observing an elevating product demand owing to its ability to form adhesion with a wide range of substrates. In addition, the high thermal conductivity of conductive silicones is further fueling their application in this segment.
 

With regards to the regional landscape, the market is expected to witness significant growth in Asia Pacific over the forecast period. This can be ascribed to the presence of a well-recognized hub for several end-use sectors including electronics & telecommunications, automotive, energy & power, and building & construction. In addition, rising product demand in various electrical and electronic applications is expected to favor the regional market growth in the coming years.

 

The key companies active in conductive silicone market are Dow Corning Corporation (Dow Silicones Corporation), Wacker Chemie AG, Evonik Industries AG, Bluestar Silicones, Shin-Etsu Chemical Company Ltd, ACC Silicones, Globe Specialty Metals Inc., Becancour Silicon Inc., Elkem AS, KCC Corporation, Nusil Technologies LLC, Reiss Manufacturing Inc, etc.
 

These companies are largely focusing on the business expansion strategies such as capacity expansion, collaborations, and new product development to gain a competitive edge in the market.
 

For instance, in 2020, Evonik Industries AG announced the opening of its multi-purpose silicones production facility in Geesthacht, Germany after the conclusion of final commissioning tests and required authority approvals.

 

COVID-19 impact on conductive silicone market outlook

conductive silicone market has been seriously affected during the COVID-19 crisis due to a drastic demand and supply gap. The demand for electronic gadgets like tablets, laptops, and smartphones dynamically during the lockdown for distance learning, remote work, entertainment, gaming, and online shopping. The demand has exceeded the global capacity for supply which has affected the industry growth significantly.
 

Besides, the global automotive industry has also been pestered with the chip shortage which again is hampering the industry growth. However, with the gradual lifting of restrictions and the market players focusing on expanding their production capacities, the industry will grow steadily over the upcoming years.        


 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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