Conductive Silicone Market is estimated to grow at a CAGR 6.76% throughout the forecast period
Knowledge Sourcing Intelligence announces the publication of a new report on “Conductive Silicone Market – Forecasts from2020 to 2025" to their offering.
The conductive silicone market is projected to witness a decent growth on account of the burgeoning adoption of it across various end-use industries. The burgeoning requirements of maintaining electrical conductivity and sealing reliability is positively impacting the market growth.
According to the report, the conductive silicone market is projected to increase at a CAGR of 6.76%
The conductive silicone market is projected to grow substantially over the course of the next five years. The major factors that are propelling the market growth include the burgeoning adoption of these highly conductive materials across numerous industry verticals including automotive and consumer electronics among others due to the burgeoning requirements for maintaining electrical conductivity and sealing reliability. The rising disposable income coupled with the rapid urbanization has led to an increased usage of various consumer electronics products is also anticipated to fuel the market growth throughout the forecast period. However, the recent outbreak novel coronavirus disease has led to a temporary halt in the manufacturing activities across the industries, which is expected to hamper the market growth during the short run. The booming investments in electric and hybrid vehicles along with the growth in the deployment of these vehicles is also projected to amplify the demand for these materials and thus propel the opportunities for the market to grow in the near future.
Geographically, the thermal imaging market has been classified into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The North American region is anticipated to hold a significant market share on account of the presence of well-established industries in countries like the United States and Canada among others. Furthermore, the presence of key market players in the regions also bolsters the market growth in the region during the next five years. The Asia Pacific region is projected to witness a good growth on account of the growth in the industries in countries like India and China among others.
The major players covered 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.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/conductive-silicone-market
This report has segmented the conductive silicone marketon the basis following terms:
· By Type
o Silicone Elastomers
o Silicone Gel
o Silicone Resin
o Silicone Inks and Coatings
· By Application
o Adhesives and Sealants
o Conformal Coatings
· By End-Use Industry
o Consumer Electronics
o Aerospace and Defense
o Medical Device
· By Geography
· North America
· South America
· Middle East and Africa
o Saudi Arabia
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