Enhanced demand for the excellent properties of Silicone Elastomers in various industries globally is the major factors influencing market growth.
Market Size – USD 6.46 billion in 2018, Market Growth - CAGR of 5.7%, Market Trends –Rise in demand for Silicone Elastomers in Electrical & Electronics Industry
The global Silicone Elastomers Market is expected to reach USD 10.22 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with increased demand from healthcare industry globally. Based on statistics, Increasing Demand for Automotive Vehicles is expected to become the most common growth interest globally in the coming years. Increased demand from healthcare industry is also significant factors stimulating market demand.
APAC is the largest user of silicone elastomers across the globe. The region is predicted to register the highest share of 40% in 2026. The majority of the market in the APAC is due to the spontaneous availability of low labor and raw materials in the region. Also, the developing prosperity of countries such as Indonesia, Taiwan, China, and India is inviting new international ventures in these countries thereby leading to the growth of various industries in this region.
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The global Silicone Elastomers report is a qualitative and quantitative research document that offers vital insights into the Silicone Elastomers market that enable the businesses and investors gain a competitive edge over the other competitors. It provides an exhaustive analysis of the competitive landscape including company overview, revenue share and contribution, financial standing, global position, and technological and product advancement. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the well established companies.
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Key companies profiled in the Silicone Elastomers report are:
- Dow Corning,
- Momentive Performance Materials,
- Wacker Chemie,
- Chemical Industrial Group Co., Ltd.,
- China National Bluestar Silicones,
- KCC Corporation,
- Reiss Manufacturing,
- Mesgo SpA,
- Zhejiang Xinan Specialty Silicone Products.
Silicone Elastomers Market Segmentation based on Types:
- Fluoro Liquid Silicone Rubber (F-LSR)
- Fluorosilicone Rubber (FSR)
- High Consistency Rubber (HCR)
- Liquid Silicone Rubber (LSR)
- Thermoset Additives for Plastics
Silicone Elastomers Market Segmentation based on Application:
- Automotive & Transportation
- Electrical & Electronics
- Consumer Goods
- Industrial Machinery
The regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Further key findings from the report suggest
- The High Temperature Vulcanized segment is occupies the market share of 40% in 2018. They have vast application areas due to their excellent properties such as electrical conductivity, high strength of siloxane bond radiation resistance
- The majority of the market in the APAC is due to the spontaneous availability of low labor and raw materials in the region and is forecasted to reach USD 4.29 billion at a CAGR of 6.3%. Also, the developing prosperity of countries such as Indonesia, Taiwan, China, and India is inviting new international ventures in these countries thereby leading to the growth of various industries in this region.
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