The global Conductive Siliconemarket was valued at USD 3.18billion in 2016 and is projected to reach USD 5.85billionby 2025, growing at a CAGR of 7.00% from 2017 to 2025.
Silicone elastomers are in huge demand due to enhanced mechanical strength and electrical conductivity offered by these products. The growing application power generation and LED manufacturing is driving demand for conductive silicone. The per capita consumption is expected to remain highest in Asia Pacific.
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1. Market Drivers
1.1 Growing demand for electronic components
1.2 Sustainable and efficient properties
2. Market Restraints
2.1 Rising prices of raw materials
2.2 Increasing competition from substitute products
The global Conductive Siliconemarket is segmented on the type, application, and region.
1. By Type:
1.1.1 Liquid Silicone Rubber
1.1.2 High Temperature Vulcanizing Elastomers
1.1.3 Low Temperature Vulcanizing Elastomers
2. By Application:
2.1 Building and Construction
2.4 IT and Telecommunication
2.7 Power Generation and DIstribution
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3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. DOW Corning
2. Reiss Manufacturing
3. Wacker Chemie AG
4. Nusil Technologies LLC
5. Momentive Performance Materials
6. ACC Silicones
7. Shin-Etsu Chemical
8. Bluestar Silicones
9. KCC Corporation
12. Specialty Silicone Products Inc.
13. Master Bond Inc.
14. Rogers Corporation
15. Aremco Products Inc.
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.