Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Silicone Elastomers Market Regional Analysis

The Asia Pacific occupies a significant share of the global market for silicone elastomers, driven by the steady economic growth in countries like Indonesia, India, and China, among others, coupled with the thriving manufacturing sector in these countries. For instance, China manufactures a range of economical consumer goods and utility items. Hence, the growing use of silicone rubber by manufacturers in China, owing to the high strength and temperature resistance offered by the material, is likely to augment the silicone elastomers market revenue.

 

Silicone Elastomers Market Report Snapshots

Silicone Elastomers Market Size

Silicone Elastomers Market Growth

Silicone Elastomers Companies

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.*

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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.

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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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