Conductive Silicone Rubber Market Worth $6.8 Billion By 2022

Global conductive silicone rubber market is expected to grow on account of its increasing applications in automotive, electrical & electronics, consumer goods, and healthcare industries. The product exhibits high thermal stability and good conducting properties, which pave its way for end-use in the aforementioned industries. Robust electrical & electronics manufacturing base in China, Korea, Taiwan, Japan, and India is expected to be a crucial success factor for the industry. For Market Research Report on “Conductive Silicone Rubber Market” Visit - Conductive silicone rubber is commercially available under thermally and electrically conducting products. Thermally conducting products are used in electronic components of automobiles, personal computers, and home appliances owing to exhibiting effective heat dissipation properties. Electrically conducting rubber is gaining popularity due to increasing demand for EMI and ESD shielding applications. They also find uses in electronic components for EMP protection and wave guide applications. Rising demand for lightweight automotive vehicles is expected to drive the demand for conductive silicone rubber for sensor filler and damper material in automotive seats. In addition, they are used as plastic and rubber modifiers owing to exhibiting anti-wear and anti-blocking properties. Increasing demand for high-end luxury cars is also anticipated to drive the market. Global electronic industry was valued at USD 567.44 billion in 2011 and increased to USD 832.15 billion in 2014, growing at a CAGR of 14% from 2011 to 2014. Expeditive demand for thermally conducting silicone rubber in electrical & electronics segment during manufacturing of LED lamps, circuits, and sealing of household appliances is expected to have a positive impact. Conductive silicon rubber gaskets are used in the manufacturing of intravenous pumps, temperature gauges, and automated blood pressure cuffs in healthcare segment. The product is used for manufacturing aforementioned medical devices on account of exhibiting flexibility, durability, toughness, and EMI shielding characteristics. Increasing automotive production mainly in China, Indonesia, Japan, Malaysia, and Taiwan is expected to propel demand for sensors and damper materials and thus is expected to drive the demand for conductive silicone rubber. In 2013, the Chinese market for passenger and commercial vehicles was 22 million units. Chinese automotive industry grew at a compounded rate of 24% from 2005 to 2011. Increased urbanization along with high demand for SUVs and sedans is expected to propel market growth. Rapid demand for paints, dyes, rubber, and chemical industry in China on account of easy raw material access and low manufacturing cost is expected to have a positive impact. North America was the largest regional market owing to rising demand for minimally invasive surgeries, presence of advanced implant devices, and sophisticated healthcare infrastructure. In March 2010, the U.S. Government launched Affordable Care Act (ACA) aimed at reforming the healthcare industry at domestic level. This policy is likely to provide health insurance to over 30 million uninsured U.S. citizens by 2015 and is likely to drive the medical technology and thus conductive silicone rubber industry in the future. Europe is expected to be a potential industry on account of presence of automotive manufacturing hubs in Germany, France, and Italy. In 2014, Opel announced the launch of 27 models and 17 new engines between 2014 and 2018. These new launches by automotive companies are likely to have a positive impact on the industry. In 2013, Government of Saudi Arabia under National Industrial Development Cluster Program announced to invest in automotive sector by opening new plants for manufacturing automobiles. This program will open new market avenues for manufacturers over the forecast period. Key players include Wacker, KCC Corporation, Momentive Performance Materials Inc. Dow Corning Corporation, Saint-Gobain, Shin-Etsu Chemical Co., Ltd., Specialty Silicone Products, Inc., and Reiss Manufacturing, Inc. In June 2015, Momentive Performance Materials Inc. commenced operations for the production of liquid silicone rubber at their manufacturing facility located at Leverkusen, Germany. In January 2014, Wacker opened a technical center in Kolkata, India. The technical center is operated under the name Wacker Metroark Chemicals Pvt. Ltd. and is aimed at developing silicone-based products. Conductive Silicone Rubber Market Information Source: Grand View Research

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