Conductive Silicon Market - Forecasts from 2021 to 2026

The conductive silicone market is expected to grow at a compound annual growth rate of 6.12% over the forecast period to reach a market size of US$5.455 billion in 2026 from US$3.600 billion in 2019.

Conductive silicone is a silicone material filled with carbon having good sensing properties. In addition, its electrical resistance is variable by deformation or compression thus make it a suitable material for deformation sensors or developing force. These material offers various advantages such as flexibility, moisture resistance, heat resistance, low temperature processability, and easier assembly. Conductive silicone offers various applications in wide-range applications such as coating, fastening, printing, and bonding. Electrically conductive silicone adhesives, sealants, and encapsulating products are materials developed to act as a conductor of electricity. Electrically conductive materials are generally used in situations where EMI (Electromagnetic Interference) and RFI (Radio Frequency Interference) is present. It can also be used to help prevent the buildup of static charge in applications. Electrically Conductive Adhesives (ECAs) are used in high demand applications such as aerospace, automotive, medical, and telecom and many other electronic products. Exonic Polymers understands these demands and has developed a line of products to meet all the unique applications including Electrically Conductive Adhesives that are non-noble metal compatible which are ideal for handheld consumer devices. Moreover, components called fillers are also used in conductive silicones which allow the conductive silicone-based adhesives to match most of galvanic coupling situations. Whether they’re used to bond a conductive elastomer gasket to its groove or mounting surface, bond a shielded window to its metallic frame or used as sealant on large gaps in shielded mechanical applications, the electrically conductive silicone-based adhesive from Euro Technologies will always be the best and safer choice in order to keep high performance EMI shielding of the assembly.

Growth Factors

• Increasing demand for sustainable development

Silicones are used in highly sustainable energy technologies like solar and wind power. Silicone play an important role in as it enhances performance and durability of many commercial and industrial products. Silicone lends its useful characteristics when applied to other materials allowing products to last longer, spread better, stay flexible or rigid, and withstand extreme temperatures or humidity, thus reducing the resource and energy consumption of the products in which silicones are used. Moreover, increased significance of anti-static packaging for the purpose of dust control during electric charge and sustaining functionality and longevity of the electrical and electronic devices is anticipated to surge utilization of conductive silicone in electronics.

• R&D and rise in investment will drive the Conductive Silicone Market

The companies are adopting various growth strategies and investing in R&D extensively to develop technically advanced unique products. The increase in demand is leading towards the new growth. Silicones have helped advance technologies and innovations such as LED lights, electric vehicles, medical prosthetics, and renewable energy sources, such as wind turbines and solar panels.

Restraints

• Disruption in supply chain can restrict the growth of the conductive silicone market

Due to the tightening of Chinese environmental norms some feedstock facilities were forced to shut down to meet air quality regulation leading in supply shortage. The major challenge is to deal with the short supply without hampering the environment. The demand for the products is increasing but due to the closing of the facilities it is making a disbalance between the demand and supply and causing a disruption in easy supply chain leading to restricted growth in conductive silicone market.

Impact of COVID - 19

The COVID-19 pandemic is expected to have a neutral impact on the conductive silicone market. The use of conductive silicone in medical devices is expected to boost the growth of this market in the upcoming years. However, due to the temporary closures of several different industries like automotive and consumer electronics, the demand for conductive silicone materials is expected to take a hit, thus negatively affecting its market growth.

Competitive Insights

Prominent/major key market players in the conductive silicone market include The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG and Henkel AG & Co. KGAA among others. The players in the conductive silicone market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the conductive silicone market.

Segmentation:

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
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Others