Global Silicone Elastomers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Silicone Elastomers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global silicone elastomers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global silicone elastomers market report has been segmented on the type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and on their economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Silicone elastomers are also referred as silicone-based polymers that are vulcanized and are available in a variety of forms which includes solids, open cell foams, closed cell sponges, thermally conductive, and in electrically conductive.
Superior properties of silicone elastomers which includes high thermal conductivity, UV resistance, low flammability, easy to fabricate or process are major factors driving growth of the global silicone elastomers market over the forecast period. In addition, increasing demand for silicone elastomers from electrical & electronics industries is expected to propel growth of the target market over the forecast period. In addition, increasing demand for silicone elastomers from automotive industry is another factor expected to support growth of the global silicone elastomers market over the forecast period.
However, fluctuating prices of raw materials is expected to hamper growth of the global silicone elastomers market over the forecast period.
Increasing demand for antimicrobial silicone elastomers from healthcare sector is expected to create lucrative growth opportunities of players operating in the global silicone elastomers market.
Market in Asia Pacific accounted for significant revenue share of the global silicone elastomers market in terms of revenue contribution as compared to that of markets in other regions, in 2017. In addition, the market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years.
Rapidly growing electrical & electronics and automotive industry, particularly in countries such as India, China, and Japan, is major factor expected to support growth of market in the region over the forecast period. Increasing number of manufacturing plants, owing to growing public and private investments in the region, coupled with increasing presence of international and domestic players are another major factors expected to propel growth of the market in the region over the forecast period.
North America accounts for second-highest revenue share contribution to the global market, registering a share of XX.X%, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively. Adoption of advance technology, rapidly growing healthcare industry, and presence of key players in market are factors expected to propel growth of the market in North America over the forecast period.
The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global silicone elastomers market over the forecast period.
Segmentation on the basis of type:
- High Temperature Vulcanize
- Room Temperature Vulcanize
- Liquid Silicone Rubber
Segmentation on the basis of application:
- Electrical & Electronics
- Automotive & Transportation
- Industrial Machinery
- Consumer Goods
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Dow Corning Corporation
- Wacker Chemie AG
- Momentive Performance Materials Inc.
- Shin-Etsu Chemical Co., Ltd.
- KCC Corporation
- China National Bluestar (Group) Co., Ltd.
- Reiss Manufacturing Inc.
- Mesgo S.P.A.
- Zhejiang Xinan Chemical Industrial Group Co., Ltd.
- Specialty Silicone Products Inc.
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