In the world Silicone Conductive Market, thermal interface material is the largest and fastest growing application. Currently, Asia-Pacific holds the largest share in the world silicone conductive market and is expected to remain so owing to growing electronic industry in the region.
The global conductive silicone market is expected to register considerable growth in the near future due to increasing demand from the power generation & distribution, photovoltaic, and LED industry. Other factors that drive the market are continuous expansion & new product launch or development undertaken by the industries along with favorable regulatory policies such as FDI (foreign direct investment) & free trade agreement. However, factors such as increasing awareness for bio-based chemicals as a substitute is likely to restrain the market growth.
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Conductive Silicone is carbon filled silicone materials with good sensing properties. Its electrical resistance is changeable by compression or deformation thus, its an eligible material for developing force or deformation sensors. The advantages of the electrically conductive silicone materials include flexibility, heat resistance, moisture resistance, low temperature process ability, easier assembly, and their environmentally mild nature. Conductive silicone finds applications in wide-range of coating, printing, fastening and bonding applications.
Recent advancements in the market include expansion of silicone elastomeric production capacity by a major company Wacker in South Korea in June 2016. Moreover, in July 2016, a wearable finger prosthetic Identity that act as false fingerprint containing conductive silicones, was in news to avoid finger print theft created by a third-year student at the Rhode Island School of Design (RISD) in Providence, Wei.
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The report segments the conductive silicone market on the basis of type, application, end-use industries and geography.
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