Complete Study on Global Conductive Silicone Market by Knowledge Sourcing Intelligence
Introduction Conductive Silicone Market is projected to witness a compound annual growth rate of 8.07% to reach a total market size of US$3.997 billion in 2021, from US$2.508 billion in 2015. Growing silicone demand per capita in the Asia-Pacific region, continuous expansion and new product development activities undertaken by various companies and the increasing demand for electronic components in power generation and distribution and LED industry fuel the growth of the global conductive silicone market. Other factors include favorable regulatory policies such as FDI (foreign direct investment) and free trade agreement. Silicone elastomers are expected to hold the highest market share owing to its high electrical & thermal conductivity, flexibility, and high mechanical strength. The thermal interface materials segment is the fastest-growing application in the global conductive silicone market. However, raw material price and increasi