Conductive Silicone Market: Growing With The Growth Of End-user Industry
Conductive Silicone is carbon-filled silicone materials and has good sensing properties. It is widely used in developing force or deformation sensors as its feature of changeable electrical resistance. It can change its electrical resistance by compression or deformation. Silicone elastomers, silicone gel, silicone resin, and silicone inks and coatings are types of conductive silicone. It has found various applications in adhesives and sealants, encapsulants, conformal coatings, and others due to its various benefits such as flexibility, heat resistance, moisture resistance, easier assembly, and environment-friendly nature. It is employed in several end-user industries such as consumer electronics, automotive, aerospace and defense, medical device, and others.
Drivers of conductive silicone market
The use of conductive silicone is increasing across various end-use industries owing to the high demand for broadband shielding with superior moisture sealing in order to assure both electrical conductivity and sealing reliability. Growing global demand for consumer electronics due to rising disposable income and expanding urbanization is one of the major drivers of conductive silicone market growth. Increasing investments in R&D to develop advanced conductive silicone products and solutions for new applications is further fuelling the conductive silicone market growth. FDA prefers silicone elastomers for applications where consumables are involved since silicone is resistant to many common chemicals and oils. This favorable government regulation is, thus positively impacting the demand for conductive silicone across the food and beverage industry.
Restraints and opportunities
Increasing awareness about substitutes such as bio-based chemicals is expected to hamper the market growth. However, increasing R&D activities is expected to increase the conductive silicone market size. Moreover, the conductive silicone market will take a pie of the share from the growth of end-user industries such as electronics and automobiles.
Geographically, APAC will witness the fastest regional market growth during the forecast period owing to the booming consumer electronics and automotive industry in the region. The use of conductive silicones in adhesives & sealants, thermal interface materials, encapsulants & potting compounds, and conformal coatings applications has been significantly increased in the countries of the region. The growth of end-users such as consumer electronics, automotive, aerospace & defense, and various others coupled with increasing demand for thermal interface materials such as conductive pads, greases & gels, encapsulants & potting compounds, and adhesives by the end-users in the region are boosting the market growth in the region.
Silicon elastomers type of conductive silicon is expected to have a significant market share of the compound silicon market share. The market share is projected on account of their excellent resistance to extreme temperatures and chemicals, and great stability against the weather. The market of silicone elastomers is growing due to increasing demand from the electronics & electrical industry. There application in the electrical and electronics industry for adhesives & sealants, conductive gels & greases, and encapsulants & potting compounds, conductive pads, and others are increasing. The consumer electronics segment of end-user segmentation is expected to have a significant market share on account of increasing demand from the power generation & distribution, photovoltaic, and LED industry. The automotive segment is also expected to grow in the forecast period.