Global Silicone Elastomers Market, By Type (High Temperature Vulcanized, Liquid Silicone Rubber and Room Temperature Vulcanized), Process (Extrusion, Liquid Injection Molding, Injection Molding, Compression Molding and Others), End Use Industry (Automotive & Transportation, Electrical & Electronics, Healthcare, Industrial Machinery and Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Silicone Elastomers Market
The Global Silicone Elastomers Market is expected to reach USD 9.45 billion by 2025, from USD 5.80 billion in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Silicone Elastomers Market
Polysilioxane or silicone elastomers are vulcanised silicone based polymers. They are found in a variety of forms such as solids, foams and sponges. They are preferred because of their ability to withstand temperature, environment and compression. With growing product consumption in electronics sector, the silicone elastomers are to witness a huge demand ahead in the forecast year. They also have a great demand in the healthcare industry. The growing healthcare innovations and expenditure is likely to fuel the demand of the market.
In September, 2018, Shin-Etsu Chemical Co. Ltd announced investment of around ¥ 10 billion to expand the production capacity of silicone monomer. The investment decision has been taken with a view of increasing demand from end users and a need to bridge the demand supply gap.
- Versatile properties of silicone elastomers.
- Increasing demand of silicone elastomers in electrical & electronics industry.
- Increasing aging population and their spent on healthcare segment.
- Developed countries showing stagnancy in demand.
- Volatile prices of raw materials involved.
Segmentation: Global Silicone Elastomers Market
- High Temperature Vulcanized (HTV)/High Consistency Rubber (HCR)
- Liquid Silicone Rubber (LSR)
- Room Temperature Vulcanized (RTV)
- Liquid Injection Molding
- Injection Molding
- Compression Molding
By End Use Industry
- Automotive & Transportation
- Electrical & Electronics
- Consumer Goods
- Industrial Machinery
- Sporting Goods
- Lifestyle Products
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Competitive Analysis: Global Silicone Elastomers Market
The global silicone elastomers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of silicone elastomers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In September 2018, Wacker Chemie AG announced to expand its silicon rubber printing services outside Germany. The new facility will be located at Ann Arbor (MI). With this move, Wacker Chemie AG is aiming to cater the growing demands from the North America.
Key Market Competitors: Global Silicone Elastomers Market
The key players operating in the global silicone elastomers market are –
- The Dow Chemical Company
- Wacker Chemie AG
- Shin-Etsu Chemical Co. Ltd.
- Mitsubishi Chemical Corporation.
The other players in the market are KCC CORPORATION., China National Bluestar (Group) Co Ltd., REISS MANUFACTURING, INC., MESGO S.p.A., Zhejiang Xinan Chemical Group Co. Ltd., Specialty Silicone Products, Inc., Bentec Medical, Rogers Corporation, ALLERGAN, ELMET, Cabot Corporation, Marsh Bellofram Group of Companies, Akzo Nobel N.V., SIGMA Engineering GmbH, Saint-Gobain, STOCKWELL ELASTOMERICS, INC., ContiTech India Pvt. Ltd. and Quantum Silicones, LLC - a CHT Group Company among others.
Research Methodology: Global Silicone Elastomers Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global silicone elastomers market.
- Analyse and forecast silicone elastomers market on the basis of type, process and end use industry.
- Trends of key regional and country-level markets for type, process and end use industry.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.