Conductive Silicone Market: Growing With The Growth Of End-user Industry
Introduction
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.
Market
Segmentation
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.
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