Thermally Conductive Elastomers Market, Global Outlook and Forecast 2024-2030
The global Thermally Conductive Elastomers market size was valued at US$ 789.4 million in 2024 and is projected to reach US$ 1.12 billion by 2030, at a CAGR of 6.0% during the forecast period 2024-2030.
The United States Thermally Conductive Elastomers market size was valued at US$ 234.5 million in 2024 and is projected to reach US$ 324.6 million by 2030, at a CAGR of 5.5% during the forecast period 2024-2030.
Thermally Conductive Elastomers are specialty rubber compounds designed to conduct heat while maintaining flexibility, used in electronics and automotive thermal management applications.
The global Thermally Conductive Elastomers market is growing robustly, driven by electronics and EV applications. In 2023, total production reached 125,000 metric tons, with electronics thermal management accounting for 50% of demand. The automotive segment is growing at 7.2% annually. The market saw a 22% increase in demand for silicon-based formulations in 2023. Silicone elastomers dominate with a 70% market share, while hybrid formulations are growing at 8% annually. Asia Pacific leads with a 55% market share, while China is the fastest-growing region at 7.5% CAGR. The industry is focusing on developing higher thermal conductivity materials, with a 25% growth in R&D investments.
Report Overview
Thermally Conductive Elastomers refer to soft, rubbery materials with high thermal conductivity, used in electronic thermal management applications.
This report provides a deep insight into the global Thermally Conductive Elastomers market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Thermally Conductive Elastomers Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Thermally Conductive Elastomers market in any manner.
Global Thermally Conductive Elastomers Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Wacker
Shin Etsu
Momentive
Saint Gobain
DowDuPont
Specialty Silicone Products
KCC Corporation
Mesgo S.p.A
Market Segmentation (by Type)
Thermal Silica Gel
Other
Market Segmentation (by Application)
Automotive & Transportation
Electrical & Electronics
Industrial Machines
Others
Geographic Segmentation
