Global Conductive Silicone Rubber Market: Overview
Conductive silicone rubbers are conductive compounds possessing strong elasticity, high flexibility, and enhanced mechanical properties. They exhibit excellent thermal and electrical conductance. Furthermore, they exhibit resistance to heat, cold, and other adverse weather conditions. As compared to a conventional metallic conductor, conductive silicone rubber is highly flexible and resistant to corrosion owing to its low density and high elasticity. Usage of conductive silicone rubber provides excellent electromagnetic shielding effect along with protection from electrostatic discharge in its electrical applications.
Conductive silicone rubbers are prepared by curing silicone rubbers at room temperature. Silicone rubbers are manufactured by silicones that are the polymer of silicon, containing carbon, hydrogen, oxygen, and other elements at times. Conductive fillers are added during the curing process to impart conductive properties in silicone rubbers. Several types of conductive fillers such as carbon fibers, carbon black, copper fibers, and nickel-coated graphite are used as reinforcement agents in conductive silicone rubbers. The silicone rubber that is manufactured can be molded into various shapes such as sheets and strips based on commercial requirement.
Global Conductive Silicone Rubber Market: Trends
Conductive silicone rubbers are widely used in several end-user industries due to their thermal and electrical conductivity properties. End-user industries such as electrical, electronics, automotive, defense & aerospace, and heavy industrial machineries experience broad usage of conductive silicone rubber. Electrically conductive silicone rubber is used in wires, cables, EMI shielding gaskets, and ESD shielding applications in electrical and electronics industries. Conductive silicone rubbers are used in EMP protection and wave guide application. They are used in military and aerospace equipment owing to their EMI shielding effects. Silicone rubber is used in car engines and wiring harness in the automotive industry. It is also used in automotive to detect the presence of deformation. Heavy machinery equipment required in the oil & gas industry also uses conductive silicone rubbers as thermal management material. They provide thermal conductance coupled with flexible electronic encapsulation. Furthermore, conductive silicone rubber is potentially employed in several electronic consumer goods and healthcare equipment among others. It is also applied in electrodes that are used in medical equipment and ceramic oscillators.
Global Conductive Silicone Rubber Market: Regional Outlook
The global conductive silicone rubber market has witnessed prospective growth in the recent years. Additionally, the market is projected to experience significant growth rate in the next few years. Asia Pacific dominated the market for conductive silicone rubber in the past few years. Rising economy coupled with increased purchasing capacity in countries such as China, India, and South Korea enabled enormous growth of electronic, electrical, and automotive industries. This, in turn, resulted in substantial growth of the conductive silicone rubber market. North America also held substantial share of the global conductive silicone rubber market in 2014. Growth in major end-user industries in developed countries such as the U.S. and Canada has driven demand for conductive silicone rubber. North America is likely to experience steady growth during the forecast period. Latin America and Middle East & Africa are projected to be emerging markets for conductive silicone rubber in the next few years. Developing countries such as Brazil and Saudi Arabia are expected to be potential markets for conductive silicone rubber during the forecast period due to strong demand from electrical, electronic, automotive industries.
Developing countries such as India, China, Brazil, and South Africa have witnessed promising growth of major end-user industries in the past few years. This in turn, is likely to fuel demand for conductive silicone rubber in next few years. Increasing demand for lightweight and high-end automotive is estimated to boost the market for conductive silicone rubber in the next few years. Furthermore, expansion of the oil & gas industry in Asia Pacific is anticipated to be a key driver for the conductive silicone rubber market.
Global Conductive Silicone Rubber Market: Companies Operating in the Market
Key manufacturers of conductive silicone rubber include Dow Corning Corporation, KCC Corporation, Momentive, Shin-Etsu Chemical Co., Ltd., Specialty Silicone Products, Inc., and Wacker Chemie AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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7. Which government regulations might challenge the status of key regional markets?
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