Global Conductive Silicone Market 2018-2022| Strong Demand from the Developing Countries | Technavio
LONDON--(BUSINESS WIRE)--Aug 17, 2018-- analysts forecast the global conductive silicone market to grow to USD 4.6 billion by 2022, according to their latest market research report.
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Technavio has published a new market research report on the global conductive silicone market from 2018-2022. (Graphic: Business Wire)
The growing demand for conductive silicone in flexible circuits and wearables is one of the major trends being witnessed in the . The increase in demand for the use of conductive silicone in flexible circuits and wearables is expected to drive the market growth during the forecast period. Conductive silicone mixed with carbon fibers offers better electrical conductivity and stability to the flexible circuits. The flex or rigid-flex circuit board is one of the critical components of wearables electronic devices. These flex circuits also provide a reduction in the packaging requirements.
According to Technavio analysts, one of the key factors contributing to the growth of the global conductive silicone market is the increase in demand from the developing countries:
Global conductive silicone market: Increase in demand from the developing countries
The demand for conductive silicone from the developing economies, such as China, India, Japan, Brazil, South Korea, and Indonesia, is expected to increase over the next five years. Therefore, various vendors of conductive silicone are shifting their manufacturing facilities to these regions due to the low transportation costs, easy availability of land, low-cost labor, easy accessibility of raw materials, and less stringent regulations and policies by the government.
According to a senior analyst at Technavio for research on specialty chemicals, “In developing countries of APAC and Latin America, factors such as the growing population, high disposable income, and increasing purchasing power are promoting high investments in the IT telecommunication, power and distribution, electronics, and automobile industries. The growing demand for silicone-based thermal interface materials, such as encapsulants, greases and gels, and conductive pads is expected to drive the growth of the conductive silicone market.”
Global conductive silicone market: Segmentation analysis
The global conductive silicone market research report provides market segmentation by product (elastomers, fluids, resins, and gels) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The elastomers segment held the largest market share in 2017, accounting for nearly 44% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 40%. This region is expected to dominate the market through 2022, with an increase in its market share.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 08/17/2018 09:00 AM/DISC: 08/17/2018 09:01 AM