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Global Silicone Elastomer Market Size, Share, Forecast: By Product: High Temperature Vulcanise (HTV), Room Temperature Vulcanise (RTV), Liquid Silicone Rubber (LSR); By Application: Electrical and Electronics, Automotive and Transportation, Industrial Machinery, Consumer Goods, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Silicone Elastomers Market Size
The global silicone elastomers market attained a value of approximately USD 10.20 billion in 2023. The market is further expected to grow at a CAGR of 7.3% in the forecast period of 2024-2032, reaching a value of around USD 19.29 billion by 2032.
Rapid industrialisation and surging consumer interest in consumer electronics and other electrical products are key drivers of the global silicone elastomers market. Silicone elastomers are extensively used for electrical insulation as they have high dielectric strength and are resistant to high temperatures. Apart from the interiors of electronic devices, silicone elastomers are also utilised in lighting of various types, including lamps, street lighting, industrial lamps., signage, automotive lamps, and healthcare headlamps. The growing usage of high efficiency electrical and electronics products are increasing the demand for silicone elastomers, thereby contributing to the growth of the market. In the coming years, product development of specialised silicone elastomers is anticipated to offer lucrative opportunities to the market for silicone elastomers.
Silicone Elastomers Market Report Snapshots
Silicone Elastomers Market Size
Silicone Elastomers Market Growth
Silicone Elastomers Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Silicone Elastomers Market Analysis
8.1 Key Industry Highlights
8.2 Global Silicone Elastomers Historical Market (2018-2023)
8.3 Global Silicone Elastomers Market Forecast (2024-2032)
8.4 Global Silicone Elastomers Market by Product
8.4.1 High Temperature Vulcanise (HTV)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Room Temperature Vulcanise (RTV)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Liquid Silicone Rubber (LSR)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Silicone Elastomers Market by Application
8.5.1 Electrical and Electronics
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive and Transportation
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Industrial Machinery
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Consumer Goods
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Construction
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Healthcare and Medical Devices
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Silicone Elastomers Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Silicone Elastomers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Silicone Elastomers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Silicone Elastomers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Silicone Elastomers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Silicone Elastomers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The Dow Chemical Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Momentive Performance Materials Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 MESGO S.p.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shin-Etsu Chemical Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Reiss Manufacturing, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Wacker Chemie AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Elkem ASA
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 China National Bluestar (Group) Co,Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 CHT Germany GmbH
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Specialty Silicone Products, Inc
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 KCC Silicone Corporation
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Silicone Elastomers Market: Key Industry Highlights, 2018 and 2032
2. Global Silicone Elastomers Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Silicone Elastomers Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Silicone Elastomers Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Silicone Elastomers Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Silicone Elastomers Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Silicone Elastomers Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Silicone Elastomers Market Structure
Key Questions Answered in the Report
In 2023, the global market for silicone elastomers attained a value of approximately USD 10.20 billion.
The market is estimated to grow at a CAGR of 7.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 19.29 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include rising applications of silicone elastomers in the automotive and electrical and electronics industries, and growing industrialisation and urbanisation.
The key global silicone elastomers market trends include increasing construction and infrastructure activities and growing research and development by major market players.
The various products of silicone elastomers in the market are high temperature vulcanise (HTV), room temperature vulcanise (RTV), and liquid silicone rubber (LSR).
The different applications of silicone elastomers in the market include electrical and electronics, automotive and transportation, industrial machinery, consumer goods, construction, and healthcare and medical devices, among others.
The major players in the market, according to the report, are The Dow Chemical Company, Momentive Performance Materials Inc., MESGO S.p.A., Shin-Etsu Chemical Co., Ltd., Reiss Manufacturing, Inc., Wacker Chemie AG, Elkem ASA, China National Bluestar (Group) Co,Ltd., CHT Germany GmbH, Specialty Silicone Products, Inc, and KCC Silicone Corporation, among others.
Analyst Review
The global silicone elastomers market attained a value of USD 10.20 billion in 2023, driven by the rising applications of silicone elastomers in various end use industries including automotive, construction, and electrical and electronics, among others. Aided by growing research and development activities by the manufacturers, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.3%. The market is projected to reach USD 19.29 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is divided into high temperature vulcanise (HTV), room temperature vulcanise (RTV), and liquid silicone rubber (LSR). The significant applications of silicone elastomers include electrical and electronics, automotive and transportation, industrial machinery, consumer goods, construction, and healthcare and medical devices, among others. The major regional markets for silicone elastomers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Dow Chemical Company, Momentive Performance Materials Inc., MESGO S.p.A., Shin-Etsu Chemical Co., Ltd., Reiss Manufacturing, Inc., Wacker Chemie AG, Elkem ASA, China National Bluestar (Group) Co,Ltd., CHT Germany GmbH, Specialty Silicone Products, Inc, and KCC Silicone Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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