Conductive Silicone Rubber Market Size Expected to Be Reach US$5.5 Billion by 2027

Conductive Silicone Rubber Market
Increased demand for lightweight car parts as a result of higher fuel efficiency and lower emissions in numerous industries around the world is driving conductive silicone rubber market growth

Conductive Silicone Rubber Market Overview

The Conductive Silicone Rubber Market size is forecast to reach US$5.5 billion by 2027, after growing at a CAGR of 7% during the forecast period 2022-2027. Silicone rubbers with excellent elasticity, flexibility, electrically conductive, and mechanical qualities are known as conductive silicone rubbers. They have good thermal and electrical conductivity. They are also resistant to heat, cold, and other extreme weather situations. Due to its low density and great elasticity, conductive silicone rubber is more flexible and corrosion-resistant than a traditional metallic conductor. In its electrical applications, the use of conductive silicone elastomers like fluorosilicone rubber provides good electromagnetic shielding as well as protection against electrostatic discharge. Curing silicone rubbers at room temperature produces conductive silicone rubbers. Increased demand for lightweight car parts as a result of higher fuel efficiency and lower emissions in numerous industries around the world is driving conductive silicone rubber market growth. According to studies, the rising importance of anti-static packaging for dust management during electric charging will become the most prevalent growth factor internationally in the next years. High demands, as well as increased demand from the automotive industry, are important factors driving market demand.

COVID-19 Impact

There is no doubt that the COVID-19 lockdown has significantly reduced the production activities which in turn has resulted in the country-wise shutdown of manufacturing facilities, shortage of labor, and the decline of supply and demand chain all over the world. Studies show that the outbreak of COVID-19 sharply declined the production of automotive in 2020 due to lack of operations across multiple countries around the world. According to OICA (International Organization of Motor Vehicle Manufacturers), the production of automobiles decreased by 16% globally in the year 2020, compared to 2019. This decline also affected the conductive silicone rubber demand. However, a slow recovery in various industries has been witnessed across many countries around the world since 2021.

Conductive Silicone Rubber Market Segment Analysis – By Product

The market is divided into electrically conductive and thermally conductive segments based on product type. Because of its superior heat dissipation properties, the thermally conductive silicone rubber is used in the manufacture of various components in automotive, computers, and household appliances. Increased usage of thermally conductive silicone rubber materials like fluorosilicone rubber in electronic components such as sensors, printed and electronic circuit boards is anticipated to be a positive factor due to their good flow and processing properties as well as their high thermal stability. The growing miniaturisation of electronic equipment has necessitated the need to safeguard these components against EMI and electrostatic dissipation (ESD). Over the projection period, the increased use of conductive silicone rubber for ESD and EMI protection is likely to have a favorable influence.

Conductive Silicone Rubber Market Segment Analysis – By Application

The electrical and electronics sector held the largest share in the conductive silicone rubber market in 2021 and is growing at a CAGR of 7.4% during the forecast period. The increasing importance of dielectric polymers in the electronics industry due to their higher breakdown strength and dependability than ceramic counterparts is the major factor for market expansion. Because of its outstanding electrical insulation, weather ability, heat, and chemical resistance, tear strength, and adhesive qualities, it is utilized in the manufacture of various electrical and electronics products. These materials are used in wire and plugs because they provide consistent protection against moisture, dirt, and water spray. According to the current edition of the GSMA’s Mobile Economy study, Asia-Pacific is on course to become the world’s largest 5G region by 2025, headed by pioneering 5G economies such as Australia, China, Japan, and South Korea. Commercial 5G networks in these markets are expected to have 675 million 5G connections by 2025, accounting for more than half of all 5G connections globally. As of January 2021, 413 operators in 131 countries/territories are investing in 5G networks through tests, trials, pilots, planned, and real deployments, according to GSA (Global Mobile Suppliers Association); of those, 144 operators have established commercial 5G networks in 61 countries/territories. Therefore, growth in these industries is influencing conductive silicone rubber market growth.

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Conductive Silicone Rubber Market Segment Analysis – By Geography

Asia Pacific dominated the market for conductive silicone rubber in 2021 by 30% and is growing at a CAGR of 7.2% during the forecast period. In countries such as China, India, and South Korea, rising economies combined with growing purchasing power permitted massive growth in the electronic, electrical, and automotive industries. As a result, the market for conductive silicone elastomers has grown significantly. For instance, a recent study published by the OICA (International Organization of Motor Vehicle Manufacturers) during the fourth quarter of 2020 states that around 25 million, 3.5 million, 8 million, and 3.4 million units of vehicles were produced in China, South Korea, Japan, and India, respectively, which in turn, contributed to approx. 50% of the global automobile production during the year 2020. Likewise, according to the Department of Promotion Industry and Internal Trade (DPIIT), the Indian Automobiles market invested around $ 24.5 million worth of FDI (Foreign Direct Investment) during the year June 2020. Hence, an increase in automotive production and an increase in lightweight components demand are leading to the conductive silicone rubber market growth.

Conductive Silicone Rubber Market Drivers

Excellent Properties Compared to Normal Metallic Conductors

Due to their thermal and electrically conductive capabilities, conductive silicone rubbers are widely used in a variety of end-user sectors. In the electrical and electronics sectors, electrically conductive silicone rubber is utilized in conductors, cables, EMI shielding gaskets, and ESD shielding applications. Silicone rubbers with conductive properties are employed in EMP protection and wave guiding applications. Because of their EMI shielding properties, they are employed in military and aerospace equipment. They combine thermal conductivity with electronic encapsulation that is flexible. Conductive silicone rubbers such as fluorosilicone rubber are conductive composites with excellent mechanical qualities, great flexibility, and elasticity. They have excellent electrical and thermal conductivity. In addition, they are resistant to cold, heat, and other adverse weather conditions. Due to its features such as high elasticity and low density, conductive silicone rubber is very flexible and corrosion resistant when compared to a normal metallic conductor. In electrical applications, conductive silicone elastomers provide outstanding electromagnetic shielding as well as protection against electrostatic discharge. Therefore, its demand from the electrical and electronics industry is increasing.

Increasing Demand from Automotive Industry

In the automobile sector, silicone rubber is utilized in car engines and wire harnesses. It’s also utilized in the automotive industry to identify deformation. According to a recent study published by the German Association of Automotive Industry during the fourth quarter of 2020, the new registration of motor vehicles reached up to 16,763 units in Europe, 37,467 units in Asia, 3080 units in South America, 17,421 units in North America, 12,733 units in Western Europe, and 5180 units in other regions worldwide. Likewise, according to the European Automobile Manufacturers Association (ACEA), the EU demand for new passenger cars significantly increased by 25.2% from January-June 2021 and reached around 5.4 million units in total. According to a recent study published by the International Netherlands Group (ING), the demand for the production and development of Electric Vehicles has been increasing since the pandemic. It states that the global sales of new Electric Vehicles have increased by 50% in 2021, and are expected to increase by 8% in 2022. Therefore, the growth in the automotive industry is expected to lead to conductive silicone rubber market growth.

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Conductive Silicone Rubber Market Challenges

Strict legislation governing rubber production and processing

To manufacture specific products, manufacturers must meet all of the requirements. Certain restrictions, such as the Restriction of Use of Hazardous Substances (RoHS), the Dodd-Frank Act, and the US government’s International Traffic in Arms Regulations, must be followed when making silicone rubber (ITAR). The creation of soot during the vulcanization of synthetic rubber is a problem limiting market expansion. It’s made up of fine black carbon particles that form when coal, oil, wood, and other fuels are burned inconsistently. Acids, chemicals, metals, soils, and dust are all found in soot. Acid rain is formed when soot compounds such as sulphur dioxide and nitrogen oxide react with rainwater to generate acid rain. This degrades water quality, harms soil and crops, disrupts the ecosystem’s nutritional balance, and causes nitrogen pollution. The US Environmental Protection Agency (EPA) is mandated by the Clean Air Act to update the permitted limits for soot emissions on a regular basis. The present soot emission limit is 15 g/m3, but the EPA proposes lowering it to 12 to 13 g/m3 by 2020. Moreover, a number of regulatory bodies, including the National Emission Standards for Hazardous Air Pollutants (NESHAP) and the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), have imposed strict policies on the use of hazardous chemicals and the disposal of polluted wastewater from rubber processing. Which is a major constrain to the market.

Conductive Silicone Rubber Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Conductive Silicone Rubber Market. Conductive Silicone Rubber Market top companies are:

Shin Etsu, Momentive

Dow Corning

Saint-Gobain

China National BlueStar (Group) Co., Ltd.

Western Rubber & Supply

KCC Corporation

Mesgo SpA

Jan Huei Industry Co., Ltd

Key Takeaways

The market’s expansion is mostly due to increased demand for lightweight automotive parts as a result of higher fuel efficiency and lower emissions in numerous industries around the world.

Because of their shock absorption, glass panel protection, and stress balancing properties, thermally conductive silicone rubber films are used in vacuum lamination machines for the solar industry.

Furthermore, favorable government regulations, as well as a higher rate of approval from different local and international bodies, such as FDI, are expected to drive the market demand for conductive silicone rubber over the projection period.

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