Conductive Silicone Market Worth 4.46 Billion USD by 2021
PUNE, India, May 31, 2016 /PRNewswire/ --
The report "Conductive Silicone Market by Type- Elastomers, Resins, Gels and Others by Application- Adhesives & Sealants, Thermal Interface Materials, Encapsulants & Potting Compounds, Conformal Coatings and Others, and by Region - Global Trends & Forecast to 2021", published by MarketsandMarkets, The global market is projected to reach USD 4.46 Billion by 2021, registering a CAGR of 7.2% between 2016 and 2021.
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Browse 63 market data Tables and 50 Figures spread through 160 Pages and in-depth TOC on "Conductive Silicone Market"
http://www.marketsandmarkets.com/Market-Reports/conductive-silicone-market-79028981.html
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This growth is fueled by the high potential from the power generation & distribution, photovoltaic, and LED industry in Asia-Pacific, Latin America and Middle-East & Africa region.
Silicone elastomers: The most-widely used conductive silicones
Silicone elastomers are of great importance due to their excellent resistance to extreme temperatures ranging from -55 to +300°C, excellent chemical resistance, and great stability against weathering. Silicone elastomers are the largest type of silicone products used in the electronics & electrical industry with room temperature vulcanize (RTV) silicone elastomers being the largest and fastest-growing type of silicone elastomers. The growing application of these elastomers such as adhesives & sealants, conductive gels & greases, and encapsulants & potting compounds, conductive pads, and others in electrical & electronics systems deployed across different end-use industries is expected to drive the silicone elastomers market for electrical & electronics in the coming future.
Thermal interface material: The largest and fastest-growing application for conductive silicones
Thermal interface material is the largest and fastest-growing application of conductive silicones globally. Conductive silicones are used widely for electrical & electronics systems/units deployed in various end-use industries such as telecommunication & IT, automotive, entertainment, power generation & distribution, photovoltaic, LED, and others. As conductive silicones have properties such as adhesion to a range of substrates and high thermal conductivity, they are the ideal material for thermal interface material application. Additionally, maintaining the functionality and longevity of the electronic devices determines the growth of thermal interface material application in the conductive silicone market.
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Asia-Pacific: The largest market for conductive silicones
Asia-Pacific is the global forerunner in the global Conductive Silicone Market, in terms of value and volume, and is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, and Taiwan are witnessing significant increase in the use of conductive silicones in adhesives & sealants, thermal interface materials, encapsulants & potting compounds, and conformal coatings applications. This growth is mainly due to the increasing demand for thermal interface materials such as conductive pads, greases & gels, encapsulants & potting compounds, and adhesives in automotive, telecommunication & IT, building & construction, power generation & distribution, photovoltaic, LED, and other sectors in Asia-Pacific. Further, rapid development of major end-sue industries such as power generation, photovoltaic, and LED in Asia-Pacific is vigorously pushing the demand for conductive silicones in the electrical & electronics sector. China is the fastest-growing market and is estimated to continue so till 2021.
The conductive silicone market has a few numbers of global players competing for their market share. These companies are actively investing in various strategies such as new product developments, major acquisitions, and expansion projects globally to increase their market share. Major players such as Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Company Ltd (Japan), Evonik Industries AG (Germany), Bluestar Silicones (France), KCC Silicones (South Korea), and others have adopted various organic and inorganic developmental strategies.
This report covers the market by value and volume for conductive silicones and forecasts the market size till 2021. The report includes the market segmentation by type, by application, by end-use industries, and by region. It also includes company profiles and competitive strategies adopted by the major market players in the global conductive silicone market.
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