The Global Silicone Elastomers Market Size showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.XX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.4% during the forecast period, i.e. 2017-2025.

Global Silicone Elastomers Market Growth Opportunities (Revenue, Growth) By 2017-2025

Silicone elastomers are special-purpose elastomers. Cured rubber produced by these raw elastomers is distinguished by thermal stability and has superior electrical insulation properties. The main use of silicone elastomers are in manufacturing of various electrical insulation materials. They are also utilized in the aircraft industry—for example, in manufacturing of insulating layers and high-temperature air ducts. It is also utilized in the production of sealants. The physiological inertness of silicone elastomers makes possible their application in medicine.

The global market analysis offers in-depth insights, revenue details, and other vital information regarding the global silicone elastomers market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global silicone elastomers market report has been segmented on the basis of type, application, and region.

Market Dynamics

Silicone Elastomers Market was valued at around USD 6,180 million in the year 2017, and to grow at a CAGR of 6.4% during the forecast period Superior properties of silicone elastomers, increasing scope in the healthcare industry, and high demand from the electrical & electronics industry are the prominent factors driving the market growth during the projected period. However, stagnant growth in developed countries and high product costs are the some of the major factors hampering the market growth. Furthermore, highly transparent silicone elastomers for optical applications and increasing demand for automotive vehicles offers lucrative growth opportunities for the silicone elastomers market during the forecast period.

Segment Analysis                                                                                                 

By type, the silicone elastomers market is classified into HTV, LSR, and RTV. HTV segment has highest share of the silicone elastomers market in 2017, in terms of volume as well as value. These types of elastomers are cured at a high temperature, either by platinum catalyzation or by organic peroxides. The cured rubber is added with fillers to give it mechanical strength. HTV silicone rubbers is adopted in broad range of application due to their superior properties such as high strength of siloxane bond, electrical conductivity, radiation resistance, high temperature resistance and others.

On the basis of process, the silicone elastomers market is classified into extrusion, liquid injection, injection, compression. The liquid injection molding process segment of the silicone elastomers market is anticipated to be a fastest growing segment during the forecast period, in terms of volume and value. Liquid injection molding consists extruding un-vulcanized perform rubber through a cylinder into a closed heated mold. It has low per-part production price, as well as high production rates are attainable.

On the basis of end-use industry the market is bifurcated into transportation, electronics, healthcare, consumer goods, and industrial machinery. Transportation is expected to be the largest segment of the silicone elastomers market, in terms of volume as well as value. Silicone elastomers are widely used in the automotive & transportation industry for the manufacturing of spark plug boots, connector seals, turbocharger hoses, silicone wiper blades, gaskets, and ignition cables. The use of these elastomers has evolved the designing and manufacturing process in the automotive & transportation industry.

Regional Analysis

On the basis of region the silicone elastomers market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest consumer of silicone elastomers. Asia-Pacific (APAC) region is anticipated to grow at considerable CAGR during the analysis period, in terms of volume as well as value. The growth of the market in the Asia-Pacific (APAC) region is due to the availability of cheap labor and raw materials in the region. Moreover, the growing economy of countries such as China, Indonesia, Taiwan, and India is attracting foreign investments in these countries, thereby, leading to the growth of various industries in this region.

Global Silicone Elastomers Market Size, Share Analysis By Region 2017

Silicone Elastomers Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Silicone Elastomers Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in silicone elastomers market are included as primary sources of the supply side.

After performing comprehensive engineering of silicone elastomers market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Key Players

Key players analyzed in global silicone elastomers market are Dow Corning, Wacker Chemie, Momentive Performance Materials, Shin-Etsu, China National Bluestar Silicones, KCC Corporation, Reiss Manufacturing, Mesgo SpA, Zhejiang Xinan Chemical Industrial Group Co., Ltd. and Specialty Silicone Products.

Other players in the value chain of the silicone elastomers market are Rogers Corporation, Saint-Gobain, Sigmasoft Engineering GmbH, Bentec Medical Incorporated.

Global Silicone Elastomers Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.