Knowledge Sourcing Intelligence releases the publication of a new report on “Conductive Silicone Market - Forecasts from 2019 to 2026” to their giving.
Conductive silicone market growth is driven primarily by emerging needs for sustainable development as well as increased investments in R&D.
In accordance with the report, the Conductive Silicone Market is expected to grow steadily over the forecast period.
Silicones with electrical conductivity have been used successfully in automotive, aerospace, and industrial applications for shielding and sealing. A major reason for this is its excellent biocompatibility, its flexibility, its high chemical resistance, its resistance to a wide temperature range, and its ease of manufacture. Different strategies are being used by companies and investments are being made in R&D to develop conductive silicone technology. Since its electrical resistance changes under compression or deformation, it makes an excellent sensor or force development material. This market has also experienced growth because of the use of silicone in consumer electronics and the automotive industry.
The market is segmented by type into Silicone Elastomers, Silicone Gel, Silicone Resin, Silicone Inks, and Silicone Coatings. As a result of escalating demand from photovoltaic, LED industry, and power generation and distribution, the silicone elastomer market is expected to show a considerable increase in the coming years.
The market can be separated by application into adhesives and sealants, encapsulants, conformal coatings, and others. Conductive Silicone Market is projected to witness the highest share from adhesives and sealants. For conventional solar panels, they are used as a bonding material; and in newer solar panels, they are used as thin semiconductor insulators. Solar cells are commonly constructed of silicon.The use of these materials also increases durability and weather protection in energy transmission and distribution. Electrical components are constructed using adhesives, coils, transistors, tubes, capacitors, and connectors. In many industrial processes, silicon compounds are adapted to surfaces of any kind and can withstand high pressure, high temperatures, and corrosion.
The Conductive Silicone Market is segmented by end-user industry into Consumer Electronics, Automotive, Aerospace and Defense, Medical Devices, and Others. Several applications of these materials are found in consumer electronics, such as adhesives, sealants, and the coating of wires and cables. They are also found as anti-static packaging agents for electronic components.
There is, however, growing awareness about bio-based chemicals as an alternative, as well as their variable electrical resistance during compression or deformation, which may limit their growth.
In terms of geography, the conductive silicone market is segmented into North America, Europe, South America, the Middle East and Africa, and the Asia Pacific. Conductive silicone is most popular in Asia-Pacific due to rising automotive and electronics & telecommunications industry demand. Over the forecast period, conductive silicone consumption is expected to rise in countries like China, India, and Vietnam because of their strong consumer electronics industries.
The market is dominated by small as well as large players. Some of the Prominent/major key market players in the conductive silicone market include The Dow Chemical Company Ltd., Henkel AG & Co. KGAA, Shin-Etsu Chemical Co among others.
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The analytics report has segmented the Conductive Silicone market on the following basis: