Global Conductive Silicones Market to Post 7.2% CAGR through 2021, Informs MarketsandMarkets in Its Insightful Report Available at MarketPublishers.co
19 Jul 2016 • by Natalie Aster
LONDON – Overall size of the global conductive silicones market is likely to cross USD 4.45 billion in 2021, experiencing a 7.2% CAGR between 2016 and 2021. This growth will likely be boosted by continuously rising demand from such industries as power generation and distribution, LED and photovoltaic, among others.
APAC is the biggest and also the fastest-growing regional market for conductive silicones, with China holding the dominant position in the global arena amid the country-wide markets. The APAC conductive silicones market witnesses the highest growth rates if compared to other conductive silicones markets, majorly owing to the fast economic expansion undergoing at present in the region and also to rapid development of IT, telecommunications and power generation industries (especially in Hong Kong and Taiwan). The demand for conductive silicones in the region is extremely high from such applications as sealants, encapsulants, thermal interface materials, potting compounds and some other applications.
Cutting-edge research publication “Conductive Silicone Market” elaborated by MarketsandMarkets draws up a clear picture of the current scenario in the worldwide market for conductive silicones and offers trustworthy data on the historical evolution and possible future development of the conductive silicones market. The report reviews the market performance at various geographical levels and also explores the market dynamics and competitive landscape. Future forecasts through 2021 are provided as well. It presents a thorough assessment of the world’s conductive silicones markets on the basis of types and applications, contains data on top market players and identifies the emerging challenges and opportunities.
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