Silicone Elastomers Market Overview:
Silicone Elastomers Market is expected to reach more than USD 8.7 bn by 2023 with a CAGR of more than 7.7%.
Silicone elastomers are considered ideal elastomer which contains both mechanical and chemical properties. These properties enable its usage in commercial as well as industrial applications such as hoses, spark plug boots, vibration dampers, ignition cables and structural glazing among others. Moreover, these polymers are also used in door seals, shoe inserts, kitchen utensils, dental and surgical devices and sterilization mats.
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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).
Silicone Elastomers Market Regional Analysis:
The Asia Pacific region is the largest and the dynamic market for silicone elastomers in terms of size and revenues. The presence of a wide industrial base in countries such as China, Thailand, and India alongside the burgeoning automotive industry is influencing the market growth in the region. Improving economic conditions are factoring the growth environment for the market. The constant rise of the automobile sector is projected to continue to fetch a major share of the silicone elastomer demand in this region.
The North American region accounts for the second most significant market for silicone elastomer, following the Asia Pacific closely. The burgeoning electrical and electronics industry in the region with its rising demand for consumer electronic devices predominantly drives the market growth. Furthermore, the increasing demand from the automotive industry is a key force acting as a tailwind to the market growth. In the transportation sector, aircraft and automotive industry are the two dominant segments consuming a major share of the total demand for silicone elastomer.
Silicone Elastomers Market Segmentation:
The silicone elastomers market is segmented into three key dynamics for the convenience of the report,
By Types:
High Temperature Vulcanized [HTV], Liquid Silicone Rubber [LSR], and Room Temperature Vulcanized [RTV] among others.
By Applications:
Automotive, Electrical & Electronics, and Healthcare, among others.
By Regions:
North America, Europe, APAC and Rest of the World.
Silicone Elastomers Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Silicone Elastomers Market
Silicone Elastomers Market Table of Content to be Continue……,
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