Global Silicone Elastomers
Market Report
2024
The silicone elastomers market was valued at USD 8.47 billion in 2022 and will reach USD 15.50 billion by 2030, registering a CAGR of 7.6% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The silicone elastomers market was valued at USD 8.47 billion in 2022 and will reach USD 15.50 billion by 2030, registering a CAGR of 7.6% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Silicone Elastomers Market Sales Revenue 2030 | $ 12.22 Billion |
Global Silicone Elastomers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.23% |
Market Split by Type |
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Market Split by Application |
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Market Split by Process |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Silicone Elastomers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An elastomer is a material that resembles rubber. The silicone elastomer is made of silicon polymer that includes carbon, hydrogen, and oxygen. In the manufacturing industry, silicone elastomers are widely used and available in various compositions. Silicone rubbers are often one- of two-part polymers, and may contain fillers to improve properties or reduce cost silicone rubber is generally non-reactive, stable, and resistant to extreme environments and temperatures from -55 10 300 °C (70 to 570 °F) still maintaining its useful properties. Silicone elastomers can be found in a wide range of products due to these qualities as well as their ease of manufacturing and shaping, such as voltage line insulators, automotive applications, cooking, baking, and food storage items, apparel such as undergarments, sportswear, and footwear, electronics, and medical devices and implants, and in-home repair and hardware, in products such as silicone sealants.
The exceptional high and low-temperature resistance, electrical insulation, physiological inertness, oil resistance, great weather ability, and flame retardance are only a few of the special qualities of silicone elastomers. These elastomers are frequently utilized to replace petrochemical goods in a variety of sectors, including aerospace, munitions, automobiles, construction, electric & electronics, medical, and food processing, as a result of their unique characteristics. The major factors fuelling the market are the rising antimicrobial silicone manufacturing for the healthcare sector, rising optical industry use due to the material's very transparent nature, and rising demand for automobiles.
Restraining Factor:
The fluctuating prices of raw materials such as methanol and silicone metals have a negative impact on the silicone elastomers market. Methanol is derived from crude oil the price of which is always volatile. High crude oil prices raise the cost of producing silicone elastomers reducing producers’ profit margins.
Impact of the COVID-19 Pandemic on the Silicone Elastomers Market:
Due to the COVID-19 pandemic, every end-use sector has been negatively impacted including the chemical industry. Disruptions in the worldwide supply chain have a negative impact on the market for silicone elastomers. The construction, electronics, and automobile industries all are affected by the lockdown. It results in supply chain disruption in many regions. The supply chain disruption has a detrimental effect on the cost of raw materials. Additionally, an increase in demand from many sectors in the second half of 2021 caused a significant rise in the cost of energy and raw materials. Because of this, silicone elastomers are now more expensive overall, and several large manufacturers have announced price increases of 10% to 20% for their silicone elastomer goods.
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October 2021
The Munich-based chemical company WACKER acquired a 60 percent stake in Organofunctional silane manufacturer SICO Performance Material Co., Ltd, Jining (China).
By acquiring a stake in SICO, WACKER is now further expanding its range of high-performance specialty products in Asia. Organofunctional silanes are used, for example, in the formulation of highly elastic specialty adhesives for construction applications.
https://www.wacker.com/cms/en-us/about-wacker/press-and-media/press/press-rele
Top Companies Market Share in Silicone Elastomers Industry: (In no particular order of Rank)
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The Asia Pacific silicone elastomers market is expected to grow at the fastest growth rate during the forecast period:
The easy accessibility of cheap labor and raw materials has encouraged substantial foreign investments in the Asia Pacific silicone elastomers market. The expansion of several businesses in the region resulted in an increased demand for the global silicone elastomers market. The developing economy of the countries like China, Indonesia, Taiwan, and India are also attracting increased foreign investments in these countries, thereby, leading to the growth of the global silicone elastomers market in the region.
The current report Scope analyzes Silicone Elastomers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Silicone Elastomers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Silicone Elastomers Industry growth. Silicone Elastomers market has been segmented with the help of its Type, Application Process, and others. Silicone Elastomers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Product
The liquid silicone rubber (LSR) segment held the largest revenue in the market
In 2022, the LSR product category was the leading segment and expected retain its leading position through out the forecast period. There are three main silicone elastomer products, namely high-temperature vulcanization (HTV), room-temperature vulcanization (RTV), and liquid silicone rubber (LSR). One of the main uses of LSR is injection molding, which is widely used in various industries like automotive, housewares, medical equipment, toys, packaging, musical instruments,consumer goods, storage containers, and furniture.
HTV has gained significant market share in 2022 and expected to grow with significant CAGR over teh forecast period. Tgis growth is attributed to increasing demand of HTV in emerging nations.
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By Application
The healthcare industry segment is expected to register the fastest growth rate during the forecast period:
The worldwide silicone elastomers market is widely employed in the healthcare sector because of its adaptability, low surface tension, biocompatibility, high permeability, and pressure-sensitive features. The healthcare sector is driven by the world's growing population, which is expanding, and the growing public awareness of health issues. The global silicone elastomers market in the healthcare end-use industry is also driven by the use of silicone elastomers in dental and surgical devices, diagnostics and imaging, fluid and drug delivery devices, scar management, laboratory accessories, wound drains and bulbs, dialysis O-rings, and sterilization mats.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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By Process
The liquid injection molding segment held the largest revenue market share, in 2022:
Liquid injection molding involves extruding un-vulcanized preform rubber through a cylinder into a closed heated mold. High manufacturing rates are attainable, and the cost of manufacturing per part is minimal. Liquid silicon rubber products such as gaskets, O-rings, and over-molded parts are manufactured using the liquid injection molding process. Since a lot of industries are utilizing automated processing techniques nowadays, the liquid injection molding process segment is expected to grow at a higher rate.
Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Silicone Elastomers Market is witnessing significant growth in the near future.
In 2023, the High-Temperature Vulcanize (HTV) segment accounted for noticeable share of global Silicone Elastomers Market and is projected to experience significant growth in the near future.
The Building & Construction segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Dow Corning (US), Momentive Performance Materials (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | High-Temperature Vulcanize (HTV), Room-Temperature Vulcanize (RTV), Liquid Silicone Rubber (LSR) |
Application | Building & Construction, Electrical & Electronics, Automotive & Transportation |
Process | Extrusion, Liquid Injection Molding, Injection Molding |
List of Competitors | Dow Corning (US), Wacker Chemie (Germany), Momentive Performance Materials (US), Shin-Etsu (Japan), China National Bluestar Silicones (China), KCC Corporation (South Korea), Reiss Manufacturing (US), Mesgo SpA (Italy), Zhejiang Xinan Chemical Industrial Group Co. Ltd. (China), Specialty Silicone Products (US) |
This chapter will help you gain GLOBAL Market Analysis of Silicone Elastomers. Further deep in this chapter, you will be able to review Global Silicone Elastomers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Process Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Silicone Elastomers market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why High-Temperature Vulcanize (HTV) have a significant impact on Silicone Elastomers market? |
What are the key factors affecting the High-Temperature Vulcanize (HTV) and Room-Temperature Vulcanize (RTV) of Silicone Elastomers Market? |
What is the CAGR/Growth Rate of Building & Construction during the forecast period? |
By type, which segment accounted for largest share of the global Silicone Elastomers Market? |
Which region is expected to dominate the global Silicone Elastomers Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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