Global Conductive Silicone Market: Overview
Silicon material that is filled with carbon and possesses good sensing properties is known as conductive silicone. Its electrical resistance may vary with deformation or compression. Conductive silicone is a perfect option for deformation sensors. They possess certain advantages such as heat resistance, electrical conductivity, moisture resistance, flexibility, easy assembly, low-temperature processability, and are environmentally mild. Conductive silicone is used in a wide range of applications such as bonding, fastening, printing, coating, and others.
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Global Conductive Silicone Market: Growth Factors
The growth in the global conductive silicone market is due to rise in electronic industries across the globe. The global market shows a considerable growth in the coming future owing to escalating demand from photovoltaic, LED industry, power generation & distribution industries. Other factors that are influencing the global conductive silicone market growth are continuous expansion by launching a new product and other favorable regulatory policies such as free trade agreement and foreign direct investment. However, rising awareness regarding bio-based chemicals as a substitute may hinder the global market growth.
Global Conductive Silicone Market: Segmentation
The global conductive silicone market is segregated based on applications, types, end-use industries, and geography. The application segment is divided as conformal coatings, adhesives & sealants, encapsulants & potting compounds, thermal interface materials, and others. Of these, thermal interface material is the leading segment in the global conductive silicone market. The type segment is further fragmented as gels, elastomers, resins, and others. Further, the end-use industries include photovoltaic, building & construction, telecommunication & IT, led, electronics, power generation & distribution, entertainment, automotive, and other. Furthermore, the geography segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Global Conductive Silicone Market: Regional Analysis
Asia Pacific is the leading region in the global conductive silicone market as demand for conductive silicone is higher in this region. South Korea is the major contributor for conductive silicone recent advancements in technology is anticipated to foster the global market growth. Additionally, it shows enormous growth due to developing automotive, electronic, and electrical industries. In addition, higher production of silicone elastomer is the key factor for the growth of the market. However, China and Japan are a major producers and consumer of the conductive silicone where industrial development in these regions grabbing the largest market shares.
Global Conductive Silicone Market: Competitive Players
Key players in the global conductive silicone market are Reiss Manufacturing, Inc., Dow Corning Corporation, Bluestar Silicones, ACC Silicones Ltd., KCC Corporation, and Momentive Performance Materials Inc. Other players include Wacker Chemie AG, Evonik Industries AG, Shin-Etsu Chemical Co. Ltd., and Nusil Technology LLC.
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Global Conductive Silicone Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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