"Global Silicone Rubber 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 rubber 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. Global silicone rubber market report has been segmented on the basis of product 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 analysed 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 other 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 rubber is typically supplied in one of three forms which includes room temperature vulcanisation (RTV) kit, liquid, and high consistency rubber (HCR). It is considered as one of the best materials and it is highly valued for its exceptional properties of elongation, high tear strength, good thermal conductivity, and temperature fire resistance.
Increasing demand for silicon rubber from plastic industry, increased applications in medical devices and healthcare sectors, are some of the major factors expected to drive growth of the liquid silicone rubber market over the forecast period. In addition, properties such as, resistance to heat and chemical along with growing demand from various industrial vertical such as automotive and electronic sector, are also anticipated to propel growth of the silicone rubber market. Furthermore, wide applicability of liquid silicon rubber in household goods such as protective gloves, supports to spatulas and barbeque brushes, and cooking pans is another factor expected to bolster growth of the target market.
Increasing R&D activities by major manufacturers for development of innovative products is expected to present new opportunities in terms of revenue in the global silicone rubber market over the forecast period. Moreover, high demand for automobiles and trending antimicrobial silicone rubber which is ideal for food, beverage and pharmaceutical sectors, are expected to provide numerous opportunities for development of the global silicone rubber market.
However, Fluctuation in availability and prices of raw materials may hinder growth of the target market over the forecast period.
The global silicone rubber market is categorized on the basis of product type, application, and region. The liquid silicon rubber type segment, accounted major share in the global market and expected to maintain its dominance during the forecast period.
By application, the market is classified into healthcare, automotive, electrical & electronics, and others. The other segment further segmented into domestic uses, aviation, and construction. Automotive sector is expected to hold the major market share over the forecast period, owing to high market potential for investment and rise in demand and related parts.
The market in North America is expected to dominate the global silicone rubber market. This is attributed to growing demand for silicon rubber from healthcare sector and food and beverage sector coupled with presence of major manufactures operating in countries in the region. Europe market is accounted for second highest share to the global silicone rubber market followed by Asia Pacific, Latin America and Middle East & Africa. The market in the Asia Pacific is expected to witness fastest growth over the forecast period, owing to growing automotive and electronic sector in emerging economies such as China and India.
Global Silicone Rubber Market Segmentation:
- High Consistency Rubber (HCR)
- Room Temperature Vulcanisation (RTV)
- Fluorosilicone Rubber
- Electricals & electronics
- Others (Domestic Uses, Aviation, Construction)
- 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 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- ICM Products Group
- Elkem AS
- KCC Corporation
- The Dow Chemical Company
- Mesgo S.p.A.
- Momentive Performance Materials Inc.
- Reiss Manufacturing, Inc.
- Shin-Etsu Chemical Co., Ltd.
- Specialty Silicone Products Inc.
- Wacker Chemie AG (Wacker).
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