Silicone Elastomer Trends and Forecast
The future of the global silicone elastomer market looks promising with opportunities in the electrical & electronics, automotive & transportation, industrial machinery, consumer goods, and construction markets. The global silicone elastomer market is expected to reach an estimated $14.8 billion by 2030 with a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing demand from the construction and healthcare industries and advancement in technology influencing product offerings with favorable chemical and mechanical properties.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Silicone Elastomer by Segment
The study includes a forecast for the global silicone elastomer by product, application, and region.
Silicone Elastomer Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• High-Temperature Vulcanize
• Room-Temperature Vulcanize
• Liquid Silicone Rubber
Silicone Elastomer Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Electrical & Electronics
• Automotive & Transportation
• Industrial Machinery
• Consumer Goods
• Construction
• Others
Silicone Elastomer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Silicone Elastomer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies silicone elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the silicone elastomer companies profiled in this report include-
• China National BlueStar
• Dow Corning
• KCC
• Mesgo
• Momentive Performance Materials
• Shin-Etsu Chemical
• Reiss Manufacturing
• Wacker Chemie
• Zhejiang Xinan Chemical Industrial
• Stockwell Elastomerics
Silicone Elastomer Market Insights
Lucintel forecasts that liquid silicone rubber will remain the largest segment over the forecast period due to increasing demand in key end-use sectors, particularly in emerging regions.
Within this market, construction will remain the largest segment.
APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.
Features of the Global Silicone Elastomer Market
Market Size Estimates: Silicone elastomer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Silicone elastomer market size by product, application, and region in terms of value ($B).
Regional Analysis: Silicone elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the silicone elastomer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the silicone elastomer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the silicone elastomer market size?
Answer: The global silicone elastomer market is expected to reach an estimated $14.8 billion by 2030.
Q2. What is the growth forecast for silicone elastomer market?
Answer: The global silicone elastomer market is expected to grow with a CAGR of 7.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the silicone elastomer market?
Answer: The major drivers for this market are growing demand from the construction and healthcare industries and advancement in technology influencing product offerings with favorable chemical and mechanical properties.
Q4. What are the major segments for silicone elastomer market?
Answer: The future of the silicone elastomer market looks promising with opportunities in the electrical & electronics, automotive & transportation, industrial machinery, consumer goods, and construction markets.
Q5. Who are the key silicone elastomer market companies?
Answer: Some of the key silicone elastomer companies are as follows:
• China National BlueStar
• Dow Corning
• KCC
• Mesgo
• Momentive Performance Materials
• Shin-Etsu Chemical
• Reiss Manufacturing
• Wacker Chemie
• Zhejiang Xinan Chemical Industrial
• Stockwell Elastomerics
Q6. Which silicone elastomer market segment will be the largest in future?
Answer: Lucintel forecasts that liquid silicone rubber will remain the largest segment over the forecast period due to increasing demand in key end-use sectors, particularly in emerging regions.
Q7. In silicone elastomer market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the silicone elastomer market by product (high-temperature vulcanize, room-temperature vulcanize, and liquid silicone rubber), application (electrical & electronics, automotive & transportation, industrial machinery, consumer goods, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Silicone Elastomer Market, Silicone Elastomer Market Size, Silicone Elastomer Market Growth, Silicone Elastomer Market Analysis, Silicone Elastomer Market Report, Silicone Elastomer Market Share, Silicone Elastomer Market Trends, Silicone Elastomer Market Forecast, Silicone Elastomer Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.