The conductivesilicone rubber market size was USD9.88 billion in 2020. The market is projected to grow from USD 10.65 billion in 2021 to USD 17.88 billion in 2028 at a CAGR of 7.7% in the 2021-2028 period.
This information is provided by Fortune Business Insights, in itsreport, titled, “Conductive SiliconeRubber Market, 2021-2028”.
According to our expert analysts, inelectrical applications, the use of conductive silicone rubber provides good
electromagnetic shielding as well as protection from electrostatic discharge.
Silicone rubbers with excellent elasticity, flexibility, 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.
Source:
COVID-19 Impacts:
Supply Chain Disruptions to HamperMarket Growth
There is no doubt that the COVID-19 lockdownhas considerably impacted production operations, resulting in
nationwide shutdowns of manufacturing facilities, manpower shortages, and
a global supply and demand chain downturn. According to studies, the outbreak
of COVID-19 caused a sharp drop in automotive production in 2020 due to a lack
of procedures in multiple countries around the globe. The disruption in the
conductive silicone rubber market was caused by changes in raw material supply
frequencies, logistics and shipping norms, and a lack of staff.
Report Coverage:
The report provides a comprehensive overviewof the market's analysis. The report's market estimations are based on
extensive secondary research, primary interviews, and in-house expert reviews.
The impact of different social, political, and economic aspects, and current
market dynamics, on the conductive silicone rubber market growth has been
factored into these market estimates.
Segmentation:
Based on type, the market is segmented intoelectrically conductive and thermally conductive.
On the basis of application, the market issegregated into automotive, electrical & electronics, industrial, and
others.
Finally, by geography, the market is dividedinto North America, Europe, Asia Pacific, Latin America, and the Middle East
& Africa.
Drivers andRestraints:
Exceptional Properties Compared to NormalConductors to Stimulate Growth
Conductive silicone rubbers are widelyemployed in a range of end-user industries due to their thermal and
electrically conductive properties. Electrically conductive silicone rubber is
used in conductors, cables, EMI shielding gaskets, and ESD shielding applications
in the electrical and electronics industries. EMP protection and wave directing
applications use silicone rubbers with conductive characteristics.
RegionalInsights:
Asia Pacific is expected to dominate theconductive silicone rubber market share. Increased economies, paired with
rising purchasing power, enabled significant growth in the electronic,
electrical, and automotive industries in countries such as China, India, and
South Korea. Therefore, the need for conductive silicone elastomers has
increased dramatically.
