The conductive silicone market is expected to grow at a compound annual growth rate of 6.12% over the forecast period to reach a market size of US$5.455 billion in 2026, from US$3.600 billion in 2019.
conductive silicone products and materials, that are known as sealants, adhesives, and other related products usually act as a good conductor of electricity. These materials are being used in situations where Radio Frequency interfaces and Electromagnetic Interface are present. It is also used in the prevention of the buildup of static charge in several applications. The market is expected to surge in the coming years, due to the rise in the demand for conductive silicone materials in various types of applications, such as telecom, medical, automotive, aerospace, and other electronic products. Various companies and firms have been making significant developments in the market. For instance, Exonic Polymers, one of the key players in the market, offers conductive silicone adhesives that are designed and developed to ensure superior conductivity and strong bonds. These trends and developments are expected to play a major role in the market growth, in the coming years.
Growth in the automotive sector
The market is expected to surge in the coming years, due to the growth and rise in demand for conductive silicones in the automotive sector. According to the data given by the International Organisation of Motor Vehicle Manufacturers, around 91.7 million vehicles were produced in 2019. The rise in the demand for electric vehicles is also expected to play a major role in the market growth. According to the data given by the International Energy Agency, total sales of electric cars were around 2.1 million in 2019, worldwide. Conductive silicones materials provide several characteristics, such as low viscosity, self-lubricating properties, high thermal stability, increased crack resistance, and other related properties. Major companies have been providing and offering conductive silicone materials to their customers. For instance, Momentive, one of the major players in the market, provides silicone elastomers for various applications, such as insulation, bonding, and sealing. These trends are expected to increase the market growth.
With the rise in the demand for high-quality and advanced materials in different sectors, investment in the market will continue to surge at a significant rate.
|Market size value in 2019||US$3.600 billion|
|Market size value in 2026||US$5.455 billion|
|Growth Rate||CAGR of 6.12% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, End-use industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Henkel AG & Co. KGAA, Elkem Silicones, ACC Silicones Ltd, Silicone Technology Corporation, Momentive, Saint Gobain Performance Plastic, 3M Company|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the conductive silicone market size by 2026?
A1. The conductive Silicone market is expected to reach a market size of US$5.455 billion by 2026.
Q2. What is the size of the conductive silicone market?
A2. Conductive Silicone Market was valued at US$3.600 billion in 2019.
Q3. What are the growth prospects for the conductive silicone market?
A3. The global conductive Silicone market is expected to grow at a CAGR of 6.12% during the forecast period.
Q4. Who are the major players in the conductive silicone market?
A4. Prominent/major key market players in the conductive silicone market include The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, and Henkel AG & Co. KGAA among others.
Q5. Which region holds the largest market share in the conductive silicone market?
A5. By Geography, North America expected to hold the largest share in the conductive silicone market.