The Conductive Silicone Rubber Market size is expected to surpass USD 9.67 Billion by 2028 from USD 5.60 Billion in 2020, growing at a CAGR of 7.11% as per a new report by Reports and Data. The growth in the market size is mainly associated with the rising demand for lightweight automobile parts because of improved fuel efficiency and reduced emissions in various industries globally. Based on statistics, the increased importance of anti-static packaging for the purpose of dust control during electric charge is expected to become the most common growth interest globally in the coming years. High customer requirements and enhanced demand from the automotive industry are also significant factors stimulating market demand.

Conductive silicone rubbers are conductive composites possessing high flexibility, strong elasticity, and improved mechanical properties. They exhibit outstanding electrical and thermal conductance. Moreover, they exhibit resistance to cold, heat, and other unfavorable weather conditions. When compared to a standard metallic conductor, conductive silicone rubber is extremely flexible and resistant to corrosion due to its properties like high elasticity and low density. Conductive silicone rubber imparts superior electromagnetic shielding effect as well as protection against electrostatic discharge in electrical applications.

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Top Players in the Global Conductive Silicone Rubber Market:

Dow Corning, Momentive Performance Materials, Wacker Chemie, Chemical Industrial Group Co., Ltd., Shin-Etsu, China National Bluestar Silicones, KCC Corporation, Reiss Manufacturing, Mesgo SpA, and Zhejiang Xinan Specialty Silicone Products.

Further key findings from the report suggest

• Conductive Silicone rubbers are manufactured by curing Silicone rubbers at room temperature and are produced by Silicones that are the form of a polymer of Silicone, containing hydrogen, carbon, oxygen, and other elements. Conductive fillers are added throughout the curing process to confer conductive properties in Silicone rubbers. Various types of conductive fillers such as carbon black, carbon fibers, and copper fibers, are used as coating agents in conductive Silicone rubbers. The Silicone rubber that is produced can be molded into different shapes such as strips and sheets, based on market requirement.
• Thermally conductive product is valued at USD 3.14 Billion in 2020 and is estimated to reach USD 5.56 Billion by 2028 at a CAGR of 7.11% during the forecast period.
• The wide variety of utilization in various sectors makes the market most productive. The growth in the automotive industry is one of the most significant factors for the market.
• The standard applications in Industrial machinery will grow at a CAGR of 7.2% and will further drive the need for the market because of their high thermal conductivity. The increase in the aviation sector will boost the demand further.
• The majority of the market in APAC region is due to the spontaneous availability of low labor and raw materials in the region and is forecasted to reach USD 2.47 billion at a CAGR of 7.2%. Also, the economic prosperity of developing countries such as Indonesia, Taiwan, China, and India are inviting new international ventures in these countries thereby leading to the growth of various industries in this region.

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Market segmentation based on Product Type Outlook:

• Electrically conductive
• Thermally conductive

Technology Outlook:

• Extrusion
• Molding
• Calendered

Application Outlook:

• Automotive Transportation
• Electrical Electronics
• Industrial Machinery
• Consumer Goods
• Others

Type Outlook:

• Fluoro Liquid Silicone Rubber (F-LSR)
• FluoroSilicone Rubber (FSR)
• High Consistency Rubber (HCR)
• Liquid Silicone Rubber (LSR)

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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