Conductive silicone elastomers to record substantial demand

10:21 AM, 28th January 2021
Electrically conductive silicones are used in automobile and industrial applications like radiofrequency shielding and sealing.

The increasing need for adhesives and sealants along with thermal interface materials like thermal adhesives, conductive pads, gels and greases in various crucial sectors of the economy has supported the demand for conductive silicones. This product represents additives that permit electric current to pass through silicone. Electrically conductive silicones are used in automobile and industrial applications like radiofrequency shielding and sealing.

Extreme heat-resistance, flexibility, superior moisture resistance, low-temperature processability, and simplified assembly procedures are some of the factors magnifying the global conductive silicone market size. In the automobile sector, the compound is widely used owing to its favorable physical properties like a wide operating temperature range, superior dielectric strength, electrical insulation, and resistance to chemicals and moisture.

Consumption across auto manufacturing

Increase in disposable income among people in both developed as well as developing nations has amplified the sale of cars over the years. Reportedly, in October 2020, the total number of new car registration across the U.K. amounted to 1.4 lakh units.

The emergence of electric vehicles due to the need for a sustainable solution to control the emission levels is another major factor bolstering the need for these silicones due to their superior thermal stability with a wide operating temperature range. The ability to deliver strong performance under harsh conditions like moisture, thermal shock, and oxidation are the advantages offered by the product when used in materials to produce electric vehicles.

The coronavirus pandemic has largely affected the production of vehicles globally due to the restrictions imposed in most of the countries in order to control the spread of the disease. This has impacted the production scale of automobiles due to the shortage of people and raw materials. However, gradual relaxations in the movement of people as announced by the authorities to revive the economy will help accelerate the production of vehicles, supplementing the demand for conductive silicone-based adhesives, coatings, among other products.

Demand for conductive silicone elastomers

Conductive silicone-based elastomers have witnessed tremendous demand over the years and are bifurcated into liquid silicone rubber, high temperature vulcanize and room temperature vulcanize. These find extensive usage in the telecom and electronic industries due to its ability to resist extreme temperature range between -55 to 300 degree Celsius as well as chemical resistance.

The improvement in purchasing power among people in emerging countries like India and China has driven the production and sale of electronic items due to the need for an improved standard of living. According to IBEF, in 2019, the Indian appliance and consumer industry was valued at USD 10.93 billion. Constant developments in electronic products due to frequent research and development in the field will support the consumption of elastomers.

Competitive market dynamics

Conductive silicone providers are constantly working towards improving their product portfolio and enhancing the quality standards to meet the rising demand from various industries. These firms are adopting strategic alliances, mergers, and acquisitions as measures to expand their geographical reach. In 2017, Germany based CHT Group announced the acquisition of Michigan headquartered ICM Silicones Group- a leading producer of high-performance silicone elastomers and emulsions across the U.K. The transaction aims at extending CHT’s geographical footprint.

Other market players include Shin-Etsu Chemical Company Ltd., Wacker Chemie AG, ACC Silicones, Bluestar Silicones, Dow Corning Corporation, and Nusil Technologies LLC, to name a few.

Industrialization across Asia Pacific

The development in various sectors like automobile, telecommunications, electronics, building and construction, and the energy and power industries in Asia Pacific has fueled the demand for adhesives and sealants over the years. The availability of comparatively cheaper labor and cost of raw materials in countries like China, South Korea, China, India, and Singapore has led to the establishment of various foreign producers that have steered the industrialization scope of the region.

The developments in the electronic and electrical sector owing to the need for advanced technologies have driven Asia Pacific conductive silicon market trends. In a nutshell, industrial development led by constant efforts to use updated equipment that ensure reliability and the need to improve the shelf life of end products has outlined the adoption of conductive silicone globally.

Get detailed analysis on the Conductive silicone Market: https://www.gminsights.com/request-sample/detail/4356

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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