Market Definition: 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 2019 to 2026.
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.
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Major Market Drivers & Restraints are as follows:
- 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.
Key Market Competitors: Silicone Elastomers Market
Few of the major competitors 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.
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In this market report the market potential has been estimated and careful examination of fundamental sections and provincial markets has been given. The survey likewise sorts the market utilization volume and market share. Analysts have broken down the members alongside their information as well as principals separated from geographical regions and item type. Moreover, the report offers efficient review, product diagrams, and tables to deliver a conclusion.
Market Segmentation: 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
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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.
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