The global conductive silicone rubber market is
expected to reach USD 6.85 billion by 2022, according to a new report by Grand
View Research, Inc. Growing application of conductive silicone rubber in
electrical & electronics industry particularly in light of the growing
industry in Asia is expected to be a key factor responsible for market
growth.
Among industrial machines, oil & gas
application is expected to witness fastest growth in terms of volume, growing
at a CAGR of 8.6% from 2015 to 2022. Expansion of upstream petroleum sector in
China, India and Brazil in light of favorable policy to promote new investments
along with rising domestic demand is likely to augment market growth. Thermally
conductive silicone rubber films find application in vacuum lamination machines
for solar industry on account of exhibiting shock absorption, glass panel
protection and stress balancing properties.
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or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/conductive-silicone-rubber-market
http://www.grandviewresearch.com/industry-analysis/conductive-silicone-rubber-market
Further key findings from the report suggest:
· Global conductive silicone rubber demand
was 685.9 kilo tons in 2014 and is expected to reach over 1,100 kilo tons by
2022, growing at a CAGR of 7.1% from 2015 to 2022.
· Electrical products are expected to
maintain over 30% of global industry volume in 2014. Growing importance of
dielectric polymers in electronics industry on account of their high breakdown
strength & reliability as compared to their ceramic counterparts will
remain a favorable factor for market growth.
· Electronic & electrical applications of
conductive silicone rubber were valued at over USD 600 million in 2014. In
August 2013, Dow Corning Corporation launched thermally conductive rubber based
adhesives for electronic applications for automotive, under the brand names,
TC-2030 and TC-2035.
· North America accounted for over 15% of
global revenue in 2014 and is expected to witness growth in light of growing
automobile production in the U.S. and Mexico. Also the electronic industry in
Asia is expected to be a major region contributing to market growth.
· Major market players include Wacker, Shin
Etsu, Momentive, Saint Gobain, Dow Corning, Specialty Silicone Products, Inc.,
KCC Corporation and Mesgo S.p.A. Manufacturers have increased their expenditure
towards incorporating nanomaterials as fillers to impart conductive
characteristics to their finished product. In July 2013, J-Flex launched
electrically conductive silicone aimed for acting as a low amperage conductor
and providing protection against electrostatic discharge. production of
vehicles
· Government of India announced Draft
National Chemical Policy in September 2013, aimed at increasing the country’s
production output in global chemical industry from 3% in 2014 to 6% by 2020. This
regulatory inclination is expected to force manufacturers to keep their units
in vicinity thereby increasing demand for conductive silicon rubber.
Grand View Research has segmented the
global conductive silicone rubber market on the basis of product, application
and region:
Conductive Silicone Rubber Product Outlook
(Volume Kilo Tons, Revenue, USD Million, 2012 - 2022)
·
Thermally Conductive
·
Electrically Conductive
·
Others
Conductive Silicone Rubber Application
Outlook (Volume Kilo Tons, Revenue, USD Million, 2012 - 2022)
·
Automotive & Transportation
o
Engine System
o
Wiring Harness
o
Others
·
Electrical & Electronics
o
Wires & Cables
o
Lamps & Lighting
o
Others
·
Industrial Machines
o
Packaging
o
Stamping & Casting
o
Oil & Gas
o
Others
·
Others
o
Construction
o
Food & Beverage
o
Others
Conductive Silicone Rubber Regional
Outlook (Volume Kilo Tons, Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
·
Latin America
o
Brazil
·
MEA
o
Saudi Arabia
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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