Conductive Silicone Rubber Market To Reach $12.14 Billion By 2030

Conductive Silicone Rubber Market Growth & Trends

The global conductive silicone rubber market size is estimated to reach USD 12.14 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% from 2023 to 2030. Growing application of conductive silicone rubber in electrical & electronics industry particularly in light of the growing industry in Asia is expected to be a key factor responsible for market growth. 

Among industrial machines, oil & gas application is expected to witness fastest growth in terms of volume, growing at a CAGR of 8.6% over the forecast period. Expansion of upstream petroleum sector in China, India and Brazil in light of favorable policy to promote new investments along with rising domestic demand is likely to augment market growth. Thermally conductive silicone rubber films find application in vacuum lamination machines for solar industry on account of exhibiting shock absorption, glass panel protection and stress balancing properties.

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Conductive Silicone Rubber Market Report Highlights

• The thermally conductive segment accounted for the largest revenue share of 48.5% in 2022

• The electrically conductive segment is projected to advance at the fastest CAGR of 8.2% over the forecast period

• The automotive & transportation segment held a significant revenue share of 30.5% in 2022

• Asia Pacific dominated the market and accounted for the largest revenue share of 51.7% in 2022

Conductive Silicone Rubber Market Segmentation

Grand View Research has segmented the global conductive silicone rubber market report based on product, application, and region:

Conductive Silicone Rubber Product Outlook (Revenue, USD Million, 2018 - 2030)

• Thermally Conductive

• Electrically Conductive

• Others

Conductive Silicone Rubber Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive & Transportation

• Electrical & Electronics

• Industrial Machines

• Others

Conductive Silicone Rubber Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

  • Indonesia

  • Malaysia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa (MEA)

  • South Africa

  • Saudi Arabia

List of Key Players in the Conductive Silicone Rubber Market

• Dow

• Saint-Gobain

• Wacker Chemie AG

• Western Rubbers

• Western Polyrub India Pvt. Ltd.

• Momentive

• Shin-Etsu Chemical Co., Ltd.

• Specialty Silicone Products, Inc.

• KCC CORPORATION

• China Bluestar International Chemical Co., Ltd.

• REISS MANUFACTURING, INC.

• MESGO SpA

• Jan Huei K.H. Industry Co., Ltd.