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.
http://www.grandviewresearch.com/industry-analysis/conductive-silicone-rubber-market
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