Global Silicone Elastomers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Silicone Elastomers Market Overview

This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. 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 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.

Dynamics

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.

Regional Analysis

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.

Global Silicone Elastomers Market Segmentation:

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
• Construction
• Healthcare

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa