Conductive silicone market was valued at US$2.987 billion in 2017 and is anticipated to grow at a CAGR of 7.83% over the forecast period to reach US$4.696 billion by 2023. The use of conductive silicone is increasing across various end-use industries owing to 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 market growth of these materials. 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 food and beverage industry. Geographically, APAC will witness the fastest regional market growth during the forecast period owing to booming consumer electronics and automotive industry in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the conductive silicone value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Conductive Silicone market.
Major industry players profiled as part of the report are The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Evonik Industries, Elkem Silicones, and ACC Silicones Ltd among others.
Conductive silicone market has been analyzed through following segments:
Silicone Inks and Coatings
Adhesives and Sealants
By End-Use Industry
Aerospace and Defense
Middle East and Africa