Scope of the Study
Conductive silicone consists of additives that allow the electric current to flow through silicone. These silicones are used in various industries such as Automotive and have applications such as radio frequency shielding and sealing. Conductive silicone is filled with carbon that has good sensing properties that are suitable for deformation sensors. The features of conductive silicone include moisture resistance, heat resistance, electrical conductivity, flexibility, low temperature and easy assembly. These are increasing the demand which is fueling the market growth.
The market study is being classified by Type (Gels, Elastomers, Resins and Others), by Application (Conformal coatings, Adhesives & sealants, Encapsulants & potting compounds, Thermal interface materials and Others) and major geographies with country level break-up.
Dow Corning Corporation (United States), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (United States), Shin-Etsu Chemical Company Ltd (Japan), Evonik Industries AG (Germany), Elkem Silicones (France), Globe Specialty Metals Inc. (United States), ACC Silicones (United Kingdom), Becancour Silicon Inc. (Canada) and Ligas de Alumínio S/A (Brazil) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are KCC Corporation (South Korea), Nusil Technologies LLC (United States) and Reiss Manufacturing Inc. etc. (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Conductive Silicone market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Conductive Silicone market by Type, Application and Region.
On the basis of geography, the market of Conductive Silicone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Wide Range of Applications are Fueling the Market Growth
- Increasing Demand of Adhesives, Sealants, and Thermal Interface Materials
- Technological Advancements in Conductive Silicone
- Increasing Awareness on Bio Based Chemicals which is a Substitute May Hamper the Market
- Rising Demand of Conductive Silicone in End Use Industries
- Growing Usage if Conductive Silicone in Automotive Industry
- Increasing Purchasing Power in Developing Economies
- Stiff Competition among the Major Manufacturers
Market Leaders and their expansionary development strategies
On 12th September 2019, Wacker has entered into the battery business and acquired 25% stakes in Nexeon which manufactures and sales anode materials to enhance the performance of lithium battery.
On 2nd July 2019, Dow has offered Silicone based conductive solutions for automotive, communications and consumer electronics applications at CES Asia. It is developing advanced silicone technologies to meet new demands.
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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