Conductive Silicone Rubber Market Analysis, Size, Growth, Share & Forecast to 2022 | Grand View Research Inc.
“Conductive Silicone Rubber Market Worth $6.8 Billion By 2022”
The global conductive silicone rubber market is expected to reach USD 6.85 billion by 2022, according to a new report by Grand View Research, Inc. 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% from 2015 to 2022. 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.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/conductive-siliconerubber-market Further key findings from the report suggest: Global conductive silicone rubber demand was 685.9 kilo tons in 2014 and is expected to reach over 1,100 kilo tons by 2022, growing at a CAGR of 7.1% from 2015 to 2022.
Electrical products are expected to maintain over 30% of global industry volume in 2014. Growing importance of dielectric polymers in electronics industry on account of their high breakdown strength & reliability as compared to their ceramic counterparts will remain a favorable factor for market growth.
Follow Us: