According to MRFR analysis, the Conductive Silicone Rubber Market is projected to register a CAGR of over 7% to reach a value of nearly USD 8 Billion.
Conductive rubber is a generic term referring to any rubber material with conductive properties, which reduces or eliminates the EMI/RFI (electromagnetic interference and radio frequency interference) “noise” that is often associated with electronics. Conductive silicone rubber exhibits high flexibility, strong elasticity, and improved mechanical properties along with excellent electrical and thermal conductivity. Moreover, it is resistant to cold, heat, and other unfavorable weather conditions.
The prime factor driving the growth of the global conductive silicone rubber market is its widespread use in the automotive & transportation industry in the manufacturing of engine bay components, wiring harness, sealants, gaskets, connectors, and spark plugs. The increasing adoption of lightweight automobiles across the globe to increase fuel efficiency and reduce the environmental impact is fueling the demand for conductive silicone rubber. Moreover, the use of conductive silicone rubber in the electrical & electronics industry to manufacture wires & cables, lamps & lighting, and EMI shielding gaskets is another major driver of the global conductive silicone rubber. EMI gaskets are a newer addition to the EMI shielding family that offers potent protection from higher strength radiofrequency. They prevent the leakage of EMI into or out of the seams and gaps of enclosures.
The extensive use of heavy machinery across major end-use industries such as packaging, stamping & casting, oil & gas, and others is expected to further propel the market growth. In the oil & gas industry, conductive silicone rubber is used as thermal management material and in the manufacturing of rings, seals, gaskets, and coupling materials for packaging applications.
The demand for conductive silicone rubber is increasing on account of its extensive use in the automotive and transportation industry. The increasing adoption of lightweight vehicles due to the increased fuel efficiency as well as stringent government regulations has resulted in the growth of the global conductive silicone rubber market.
The product is widely used in electronic devices to reduce the EMI/RFI noise, thereby protecting the devices.
Manufacturers need to meet all the requirements to manufacture certain products. In regards with the manufacturing of silicone rubber, a manufacturer has to comply with certain regulations such as the Restriction of Use of Hazardous Substances (RoHS), the Dodd-Frank Act, and the US government’s International Traffic in Arms Regulations (ITAR).
The production of soot during vulcanization of synthetic rubber is a factor negatively impacting the market growth. It consists of fine black particles, mainly composed of carbon, produced by incomplete combustion of coal, oil, wood, and other fuels. Soot comprises acids, chemicals, metals, soils, and dust. Soot particles are extremely tiny, with a diameter of approximately 2.5 micrometers or smaller. Compounds of soot such as sulfur dioxide and nitrogen oxide combine with the moisture, resulting in the formation of acid rain. This worsens the water quality, damages soil, and crops, and changes the nutrient balance in the ecosystem as well as results in nitrogen pollution.
According to the Clean Air Act, the US Environmental Protection Agency (EPA) is required to routinely adjust their allowable limits for soot emissions. The current limit for soot emission is 15 μg/m3, but EPA proposes to change it to between 12 and 13 by 2020.
Furthermore, several regulatory bodies such as the National Emission Standards for Hazardous Air Pollutants (NESHAP), and the Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) have imposed strict policies regarding the use of hazardous chemicals and disposal of polluted wastewater from rubber processing.
High demand for lightweight automobiles & other transportation mediums
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., Saint-Gobain, Dow, KCC CORPORATION, Specialty Silicone Products, Inc., Simolex Rubber Corporation, WESTERN POLYRUB INDIA PVT. LTD., The Rubber Company, Creative Elastomers|
|Key Market Opportunities||Fluctuating raw material prices|
|Key Market Drivers||
conductive silicone rubber market is projected to grow at approximately 7% CAGR during the assessment period (2019-2025).
conductive silicone rubber market is estimated to reach a valuation of approx. USD 8 BN by the end of 2025.
Automotive & transportation is the largest end-use industry in the global conductive silicone rubber market.
North America holds the largest share in the global conductive silicone rubber market, followed by Europe and the Asia Pacific, respectively.
Wacker Chemie AG, Dow, Saint-Gobain, Shin-Etsu Chemical Co., Ltd., The Rubber Company, KCC Corporation, Simolex Rubber Corporation, Specialty Silicone Products, Inc., Western Polyrub India Pvt. Ltd., and Creative Elastomers, are some of the top players operating in the global Conductive silicone rubber market.