Conductive Silicone Market is segmented By Application (Sensors, Electromagnetic Shielding, Heat Transfer Medium, Conductive & Semiconductive Rolls, Control Panels, Safeguard Sensitive Electronics, Others), By Product Type (Rubber Products, Grease, Adhesives, Elastomers, Sheeting, Gaskets, Cable Stickers, Others), By End-Users (Space, Aviation & Defense, Medical, Optoelectronics & Electronics, Telecommunication, Transportation, Consumer Devices, Power Devices, Construction), By Conductivity (Electrically conductive, Thermally Conductive), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030
Conductive Silicone Market Overview
[180 pages] report analyses the Conductive Silicone Market shares, recent trends, and market player analysis. The market for Conductive Silicone is growing at a CAGR of 7.2% during the forecast period (2023-2030). Asia Pacific region holds the largest market for global conductive silicones globally. Competitive rivalry intensifies with Dow Chemical Company, Euro Technologies and Master Bond.
Conductive silicone is used to attach electrical components to a substrate. Its ability to conduct heat makes it a suitable material for use as a heat sink. These are generally made up of carbon fibres, carbon black, nickel-coated graphite (NG), copper fibres and other substances to provide electrical properties for various end-user industries. Silicone coatings are gaining popularity because of their technical and mechanical characteristics and their flexibility and possess the following properties: resistant to heat, cold, and moisture, flexible/pliable, adhesion to many different surfaces, chemically inert, more durable than many organic polymers, high electrical conductivity, high thermal conductivity, heat resistance, cold resistance, modulus and high tensile range. Conductive silicone is used in numerous products including rubber, grease, adhesives, elastomers, oil compounds, sheeting, cable stickers, gaskets and various others.
Conductive Silicone Market Scope
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Metrics |
Details |
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Market CAGR |
7.2% |
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Segments Covered |
By Application, By Product Type, By End-Users, By Conductivity, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Conductive Silicone Market Dynamics and Trends
The global conductive silicone market growth is driven by technological advancements in consumer electronics, increasing demand for high-temperature applications, and the useful properties of silicone.
The technological advancements in consumer electronics are expected to drive market growth
The growing demand for consumer electronics with end-user demands and fast-paced technological developments pressure to continuously introduce new products in the market. With the growing consumer electronics industry, the demand for conductive silicone is also surging because of numerous applications in foldable smartphones, tablets, OLED displays, 5G technology and various others.
The conductive silicone market is dominated by the demand for consumer electronics products. For instance, Dow has launched flexible sealant adhesive for foldable displays required with stable mechanical properties. Also, thermal conductivity silicone gel use has been expanding to replace fabricated thermal pads for thermal transferring, stress-relieving and shock damping in telecom devices, e.g., optical transceivers, ethernet switches, routers, etc. According to the industry analysis, the revenue from the consumer electronics market is expected to grow by 4% globally, substantially boosting revenue for the conductive silicone market.
Increasing cost and shortage of supply of silicone can affect the conductive silicones market growth
The conductive silicones market is getting affected by the shortage of supply for silicone and the regular hike in prices. Various companies globally like Shin-Etsu Chemicals Ltd. have increased their silicone products price due to China’s increasing demand, as well as increases in production costs.
COVID-19 Impact on Conductive Silicone Market
Due to the pandemic, stakeholders across the conductive silicones industry have seen a notable impact as all the manufacturing industries were closed. The conductive silicone market suffered a decline in 2020 due to reduced demand in construction, electronics and other related sectors. The silicone production was hindered with halts and supply chain disruption as China accounts for almost 70% production of silicone globally. In addition, certain industries like the medical industry experienced high demand for conductive silicones with applications of silicone rubber in medical devices.
However, the market is expected to recover in upcoming years with recovery in industries like automotive and electronics are expected to work with higher production and new launches, creating opportunities for conductive silicone demand and resulting in market growth.
Conductive Silicone Market Segmentation Analysis
By product type, the conductive silicones market is classified into rubber, grease, adhesives, elastomers, gaskets and others.
The rubber type conductive silicones market is expected to grow at the fastest CAGR during the forecast period (2023-2030)
The rubber type conductive silicones are expected to hold the largest market for conductive silicones market is the forecast due to the following advantages: excellent biocompatibility, flexibility, high chemical resistance, stability over a wide temperature range, anti-wear design, durable quality and ease of manufacturing, ease of fabrications and suitability in mass production, low density and high elasticity.
The demand for rubber coatings is due to its versatile applications in electromagnetic shielding, antistatic rubber, medical devices, the telecom sector and other various industries. Such as Stockwell elastomeric launched gaskets/EMI shielding gaskets for applications in enclosure covers, doors and penetrations to prevent or restrict electromagnetic emission that can interfere with other electronic components. These products are available in many forms, including sheets, tapes, O-rings and other shapes based on the industries demand, providing versatile usage and increasing the demand for rubber-type conductive silicone market.
Global Conductive Silicone Market Geographical Share
Asia Pacific region holds the largest market for the global conductive silicones globally
The Asia Pacific holds the largest market for conductive silicones globally and is forecasted to continue its dominance with increasing electronics and automotive industries. According to the industry analysis, the electronics market reached almost 1.7 trillion Euros in 2019, with leading countries like China, Japan and India. The demand for conductive silicone is increasing with developing fields like 5G technology and ADAS automotive systems requiring silicone adhesives. Also, the growing medical industry is one of the main factors for boosting the conductive silicone market.
For this reason, various companies globally are interested in investing in the silicone market, such as Dow has invested $300m in China’s Silicone Business signing with the Zhangjiagang Free Trade Zone in Jiangsu province. Also, Elkem ASA has acquired Polysil, a leading Chinese silicone elastomer & resins material manufacturer, to strengthen their conductive silicone market in the region.
Conductive Silicone Market Companies and Competitive Landscape
The conductive silicones market is moderately competitive with the presence of the local players, followed by the global companies who contribute to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Avantor, Inc., Euro Technologies, American Rubber Products, Shin-Etsu Chemical Co. Ltd., Wacker Chemie AG, Dow Chemical Company, Modus Advanced, Inc, Master Bond, Specialty Silicone Products, Inc., Premix Group and others. The major players are adopting various new strategies to dominate the market, such as launching new products, acquisitions and collaborations, which are contributing to the growth of the conductive silicone market globally.
Dow Chemical Company
Overview: The Dow Chemical Company is a subsidiary of Dow Inc. and a chemical corporation headquartered in Michigan, United States. The company manufactures plastics, chemicals, plastics and agricultural products. It uses hydrocarbon-based raw materials to make approximately 6,100 finished chemical products in more than 30 countries at nearly 110 sites.
Product Portfolio: The Company manufactures a variety of products including adhesives, compounds, encapsulants, gels, thermal pads and gap fillers, gels, encapsulants and conformal coatings, lubricants, heat transfer and deicing fluids, monomers, optical materials, plastic additives, polyethylene, polyurethanes and various others.
Key Development: In 2019, Dow introduced thermally and electrically conductive silicones for e-mobility applications to the South Korean market. The product portfolio included InterBattery 2019, DOWSIL EA-4700 CV Adhesive, DOWSIL thermally conductive gap fillers for electric vehicle batteries and DOWSIL™ EC-6601 electrically conductive adhesive for shielding against electromagnetic interference.
