Global Silicone Elastomers Market, By Type (Room Temperature Vulcanized, Liquid Silicone Rubber, High Temperature Vulcanized), Process (Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Others), Application (Construction, Electrical and Electronics, Healthcare, Industrial Machinery, Automotive and Transportation, Consumer Goods, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2029.
Market Analysis and Insights of Silicone Elastomers Market
The silicone elastomers market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.90% in the above-mentioned forecast period.
Silicone elastomers (also referred as the silicone elastomerics) are the silicone-based polymers which are vulcanized. They are generally found in the variety of forms such as solids, foams and sponges. They are preferred because of their ability to withstand temperature, environment and compression.
The factors such as the increasing disposable income owing to growing economies and high adoptability of silicones in electrical and electronics, especially in developing regions are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the market are wide range of usage in automobiles in gaskets, hoses, connector seals, fuel system valves, diaphragms, and others along with the aging population fueling the demand from healthcare industry. Additionally, the increasing middle-class population coupled with rising disposable income has led to a growing number of car owners in developing markets, which, are further expected to cushion the overall markets growth. The fluctuating raw material prices are expected to impede the growth of the silicone elastomers market. Furthermore, the stagnant growth in developed countries is also expected to hamper the market’s growth within the forecasted period.
The antimicrobial silicone elastomers for healthcare industry, increasing demand for automotive vehicles and highly transparent silicone elastomers for optical applications are estimated to generate numerous opportunities for the market. On the flip side, the poor abrasion and oil and petroleum resistance properties of silicone elastomers are projected to pose as a major challenge to the growth of the silicone elastomers market.
This silicone elastomers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on silicone elastomers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Silicone Elastomers Market Scope and Market Size
The silicone elastomers market is segmented on the basis of type, process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the silicone elastomers market is segmented into room temperature vulcanized, liquid silicone rubber, and high temperature vulcanized. Liquid silicone rubber is further segmented into industrial grade, medical grade and food grade.
- On the basis of process, the silicone elastomers market is segmented into compression molding, liquid injection molding, injection molding, extrusion, and others.
- On the basis of application, the silicone elastomers market is segmented into construction, electrical and electronics, healthcare, industrial machinery, automotive and transportation, consumer goods, and others. Automotive and transportation is further segmented into components and automotive parts. Electrical and electronics is further segmented into electrical insulation and electrical and optical components. Electrical insulation is further sub-segmented into electronic potting. Electrical and optical components segment is further sub-segmented into LED light components and lighted panel buttons. Healthcare is further segmented into implants, medical devices and medical equipment parts. Medical devices segment is further sub-segmented into skin contact devices and infusion pumps and dialysis filters. Medical equipment parts segment is further sub-segmented into flow control valves, sterilized parts, syringe stoppers and precision equipment vibration dampers. Consumer goods segment is further segmented into home appliance components, food contact products, water contact products and infant care products. Home appliance components segment is further sub-segmented into O-rings and gaskets and others (Knife holders and spatulas). Food contact products segment is further sub-segmented into baking molds and ice cube trays. Water contact products segment is further sub-segmented into sanitary applications and drinking water cans. Infant care products segment is further sub-segmented into infant nipples and toys. Others segment is further segmented into cosmetic, building & construction, aerospace & aeronautics and industrial components. Industrial components segment is further sub-segmented into irrigation and filtration components and overmolded parts.
Silicone Elastomers Market Country Level Analysis
The silicone elastomers market is analyzed and market size, volume information is provided by type, process and application as referenced above.
The countries covered in the silicone elastomers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the silicone elastomers market owing to the easy availability of cheap labor and raw materials in the region, increasing economy of countries such as China, Indonesia, Taiwan and India which are attracting new foreign investment in the region. North America on the other hand, will continue to however show lucrative growth within the forecast period owing to the growing applications and growing industrial base.
The country section of the silicone elastomers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Silicone Elastomers Market Share Analysis
The silicone elastomers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to silicone elastomers market.
Some of the major players operating in the silicone elastomers market report are KCC CORPORATION., China National Bluestar (Group) Co Ltd., REISS MANUFACTURING, INC., MESGO S.p.A., Specialty Silicone Products, Inc., Bentec Medical OpCo LLC, Rogers Corporation, ALLERGAN, ELMET TECHNOLOGIES, Cabot Corporation, Marsh Bellofram Group of Companies, Akzo Nobel N.V., SIGMA SOFT, Saint-Gobain, STOCKWELL ELASTOMERICS, INC., ContiTech AG., and CHT Germany GmbH, among others.