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Silicone Foam is a synthetic rubber, it is available in the sheet and tube form. It is a flexible and soft elastomeric compound, which could be customized based on application needs. Additionally, the silicon foam is ideal for its temperature stability, owing to its ability to withstand high and low-temperature conditions. It also provides high-density closed-cell, thermal resistance, easy to use, and chemical resistant properties. The silicon foam is mainly fabricated into heat shields, gaskets, seals, fire stops, insulation, and cushions. The product finds its use in electronic components, portable electronics, battery electric vehicles, and plug-in hybrid electric vehicles.
The rapidly growing automotive industry will boost the consumption of silicone foams. The innovation in automotive vehicles, rising demand for lightweight vehicles, and increasing adoption of electric vehicles pertaining to reduce Co2 emissions is some of the important factors that are boosting the automotive industry. This further leads to a surge in the demand for silicone foam. The demand is attributed to its beneficial properties such as temperature resistance, resilient to mechanical fatigue, protection from the ozone layer, and excellent compression-set & creep resistance. Thereby surge its high demand for electric vehicles. Hence, increasing product demand and rapid growth in the automotive industry will fuel silicone foam in electronics and electric vehicle market growth during the forecast timeline.
However, the life span of silicone foam in only one year. This restricts its adoption in various applications and is anticipated to hamper the market growth.
Key Market Driver -
The rapid growth in automotive industry to drive the product demand.
Key Market Restraint -
Short life span of silicone foam to hamper the market growth
Based on type, the silicone foam in electronics and electric vehicle market is segmented into sheet, tube, and others. Based on application, the market is segmented into electronic components, portable electronics, battery electric vehicles, plug-in hybrid electric vehicles, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the silicone foam in electronics and electric vehicle market include Rogers, Wacker, Dow, Elkem Silicones, Saint-Gobain, Shin-Etsu, Suzhou Aoke, Zhejiang Liniz, Dongguan Xineu, and Foshan Nanfang
Asia Pacific is anticipated to witness sustainable growth in the silicone foam in the electronics and electric vehicle market. The growth is attributed to the rising demand for the product in the battery electric vehicles. The higher adoption of tube-based silicon foam in the electronic components will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to, increasing use of the product in the plug-in hybrid electric vehicles. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the silicone foam in the portable electronics.
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