Conductive Silicone Market - Forecasts From 2019 To 2024

The conductive silicone market was valued at US$2.987 billion in 2017 and is anticipated to grow at a CAGR of 7.83% over the forecast period to reach US$4.696 billion by 2023. The utilization of conductive silicone is expanding crosswise over different end-use businesses inferable from popularity for broadband protecting with better dampness fixing all together than guarantee both electrical conductivity and fixing unwavering quality. FDA inclines toward silicone elastomers for applications where consumables are included since silicone is impervious to numerous normal synthetic compounds and oils. This great government guideline is, in this way emphatically affecting the interest for conductive silicone crosswise over the food and beverage industry. Building up an overall enthusiasm for purchaser gadgets on account of rising additional money and broadening urbanization is one of the critical drivers of conductive silicone market growth. Extending premiums in R&D to make advanced conductive silicone things and solutions for new applications is further fuelling the market improvement of these materials. APAC will witness the fastest regional market growth during the forecast period owing to the booming consumer electronics and automotive industry in the region. 

We have covered all segments of this market in our report. We are providing some segments briefly here:

By Type

• Silicone Elastomers
• Silicone Gel
• Silicone Resin
• Silicone Inks and Coatings

By Application

• Adhesives and Sealants
• Encapsulants
• Conformal Coatings
• Others

By End-Use Industry

• Consumer Electronics
• Automotive
• Aerospace and Defense
• Medical Device
• Others

By Geography

North America

• The U.S.
• Canada
• Mexico
• Others

South America

• Brazil
• Argentina
• Others

Europe

• UK
• Germany
• France
• Others

The Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

Asia-Pacific

• Japan
• China
• India
• Others