Conductive Silicone Rubber Market To Reach $14.20 Billion By 2030

Conductive Silicone Rubber Market Growth & Trends

The global conductive silicone rubber market size is anticipated to reach USD 14.20 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 8.7% from 2025 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 held the largest revenue share of 48.4% in 2024. The product finds applications in manufacturing various components used in automotive vehicles, personal computers, and home appliances exhibiting superior heat dissipation properties. 

• The automotive & transportation segment held the largest revenue share of 30.4% in 2024. The increasing use of conductive silicone rubber for automobile interiors, owing to its flame and weather resistance properties, is expected to have a favorable impact on product demand. 

• Asia Pacific conductive silicone rubber market held the largest revenue share of 52.0% in 2024. The robust electronics industry in Taiwan, Japan, China, Korea, and India is expected to favor the market growth in the coming years.

Conductive Silicone Rubber Market Segmentation

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

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

• Thermally Conductive

• Electrically Conductive

• Others

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

• Automotive & Transportation

  • Engine System

  • Wiring Harness

  • Others

• Electrical & Electronics

  • Wires & Cables

  • Lamps & Lighting

  • Others

• Industrial Machines

  • Packaging

  • Stamping & Casting

  • Oil & Gas

  • Others

• Others

  • Construction

  • Food & Beverage

  • Others

Conductive Silicone Rubber Regional Outlook (Revenue, USD Million; Volume, Kilotons, 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.

• Shin-Etsu Chemical Co., Ltd.

• Specialty Silicone Products, Inc.

• KCC CORPORATION

• China National Bluestar (Group) Co,Ltd.

• Reiss Manufacturing, Inc.

•  MESGO S.p.A.

• Jan Huei K.H. Industry Co., Ltd.