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.
Further
key findings from the report suggest
- The High Temperature Vulcanized segment is occupies the largest
share of 40% of the silicone elastomers market in 2018. High-Temperature
Vulcanized silicone rubbers have vast application areas due to their
excellent properties such as electrical conductivity, high strength of
siloxane bond radiation resistance, etc.
- APAC is estimated to register the highest CAGR of 6.3%, during the
forecasted period.
- North America is expected to reach USD 2.56 billion by 2026.
- The wide variety of utilization in various sectors makes the market
for silicone elastomers most productive. The growth in the automotive
industry is one of the most significant factors for the market.
- The need for secure and hygienic surgical and other instruments in
the healthcare sector will boost up the demand for the market by 6.5%
CAGR.
- The standard applications in consumer goods will grow at a CAGR of
4.2% during the forecast period and will further drive the need for the
market since the electronic sector prospers it will increase the demand of
the market which is used because of their high thermal conductivity. The
increase in the aviation sector will boost the need for silicone
elastomers.
- The application of silicon elastomers in electrical and electronics
sectors is estimated to be the second highest share holder of 20% of the
market in 2018.
- The healthcare sector in North America is forecasted for the
highest CAGR of 7.0% during the forecasted period.
- The Extrusion technology is forecasted to register a CAGR of 6.5%.
This technology is mainly used for its property of resistance of higher
environmental conditions and advantage of them lasting longer.
- 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.
- Key participants include Dow Corning, Momentive Performance Materials, Wacker Chemie, Chemical Industrial Group Co., Ltd., Shin-Etsu, China National Bluestar Silicones, KCC Corporation, Reiss Manufacturing, Mesgo SpA, Zhejiang Xinan Specialty Silicone Products.
For
the purpose of this report, Reports and Data have segmented global Silicone
Elastomers Market on the basis of Product, Technology, Application, Type and
region:
- Product Outlook (Volume, Kilo Tons; and Revenue, USD Million;
2016-2026)
- High Temperature Vulcanized
- Liquid Silicone Rubber
- Room Temperature Vulcanized
- Technology Outlook (Volume, Kilo Tons; and Revenue, USD
Million; 2016-2026)
- Extrusion
- Liquid Injection Molding
- Injection Molding
- Compression Molding
- Application Outlook (Volume, Kilo Tons; and Revenue, USD
Million; 2016-2026)
- Automotive & Transportation
- Electrical & Electronics
- Healthcare
- Consumer Goods
- Industrial Machinery
- Type Outlook (Volume, Kilo Tons; and Revenue, USD Million;
2016-2026)
- Fluoro Liquid Silicone Rubber (F-LSR)
- Fluorosilicone Rubber (FSR)
- High Consistency Rubber (HCR)
- Liquid Silicone Rubber (LSR)
- Thermoset Additives for Plastics
- Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million;
2016-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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and Chemicals Category At: https://www.reportsanddata.com/report/category/materials-and-chemicals
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