Market Overview

Market Research Future (MRFR) announces the publication of its research report Global Silicone Elastomers Market, 2023.

Silicone Elastomers Market is expected to reach more than USD 8.7 billion by 2023 with a CAGR of more than 7.7%.

Silicone Elastomers (polysiloxane), also known as vulcanized silicone-based polymers, can be found in various forms such as solids, open cell foams, closed cell sponges, thermally conductive, and electrically conductive. The superior properties of silicone elastomers such as extreme temperature resistance, excellent environmental resistance, and low compression set make them suitable for application in various end-use industries such as transportation, electrical and electronics, and healthcare.

By type, the silicone elastomers market has been categorized as high temperature vulcanized, liquid silicone rubber, room temperature vulcanized, and others. The high temperature vulcanized silicone elastomers segment accounted for the largest market share in 2017 on account of the excellent mechanical and chemical properties of the product.

Silicone Elastomers Market Key Players:

Silicone Elastomers Key Players in this Market are: Momentive (US), Wacker Chemie AG (Germany), DowDuPont (US), Shin-Etsu Chemical Co., Ltd. (Japan), KCC CORPORATION (South Korea), China National Bluestar (Group) Co., Ltd. (China), Reiss Manufacturing, Inc. (US), MESGO S.p.A. (Italy), ALLERGAN (Ireland), Bentec Medical (US), Rogers Corporation (US), and Specialty Silicone Products, Inc. (US).

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Silicone Elastomers Market Segmentation:

Silicone Elastomers Market has been segmented by type, application, and region.

On the basis of type, the market has been segmented into high temperature vulcanized (HTV), liquid silicone rubber (LSR), room temperature vulcanized (RTV), and others.

Based on application, the market has been segmented into automotive, electrical and electronics, healthcare, energy, aerospace, and others.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Silicone Elastomers Market Application:

Silicone Elastomers Market is expected to be driven by the rapidly expanding automotive industry across the globe. The product is being increasingly used in automobiles in gaskets, hoses, connector seals, fuel system valves, diaphragms, and others. Increasing automobile production, especially in developing economies such as China, India, and Thailand, is fuelling product demand. Furthermore, an increasing middle-class population coupled with rising disposable income has led to a growing number of car owners in developing markets, which, in turn, is expected to boost product demand during the forecast period.

Silicone Elastomer referred to as synthetic rubber that is available in various forms such as solids, closed cell sponge, electrically conductive, open cell forms and thermally conductive materials. These elastomers possess superior properties such as electrical and thermal resistance, low surface friction, flame retardancy and self-adhesive nature which increases the demand of product across various application such as automotive, construction, medical & healthcare and electrical & electronics among others.

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