The [FURL=https://www.industryarc.com/Research/Conductive-Silicone-Rubber-Market-Research-503654?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Conductive Silicone Rubber Market[/FURL] size is forecast to reach US$5.5 billion by 2027, after growing at a CAGR of 7% during the forecast period 2022-2027. Silicone rubbers with excellent elasticity, flexibility, electrically conductive, and mechanical qualities are known as conductive silicone rubbers. They have good thermal and electrical conductivity. They are also resistant to heat, cold, and other extreme weather situations. Due to its low density and great elasticity, conductive silicone rubber is more flexible and corrosion-resistant than a traditional metallic conductor. In its electrical applications, the use of conductive silicone elastomers like fluorosilicone rubber provides good electromagnetic shielding as well as protection against electrostatic discharge.Key Takeaways
The market's expansion is mostly due to increased demand for lightweight automotive parts as a result of higher fuel efficiency and lower emissions in numerous industries around the world.
Because of their shock absorption, glass panel protection, and stress balancing properties, thermally conductive silicone rubber films are used in vacuum lamination machines for the solar industry.
Furthermore, favorable government regulations, as well as a higher rate of approval from different local and international bodies, such as FDI, are expected to drive the market demand for conductive silicone rubber over the projection period.
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Conductive Silicone Rubber Market Segment Analysis – By Geography
Asia Pacific dominated the market for conductive silicone rubber in 2021 by 30% and is growing at a CAGR of 7.2% during the forecast period. In countries such as China, India, and South Korea, rising economies combined with growing purchasing power permitted massive growth in the electronic, electrical, and automotive industries. As a result, the market for conductive silicone elastomers has grown significantly. For instance, a recent study published by the OICA (International Organization of Motor Vehicle Manufacturers) during the fourth quarter of 2020 states that around 25 million, 3.5 million, 8 million, and 3.4 million units of vehicles were produced in China, South Korea, Japan, and India
Conductive Silicone Rubber Market Drivers
Excellent Properties Compared to Normal Metallic Conductors
Increasing Demand from Automotive Industry
Conductive Silicone Rubber Market Landscape
Conductive Silicone Rubber Market top companies are Shin Etsu, Momentive, Dow Corning, Saint-Gobain, China National BlueStar (Group) Co., Ltd, Western Rubber & Supply, KCC Corporation, Mesgo SpA, Jan Huei Industry Co., Ltd
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