Global Silicone Rubber Market poised to grow at the robust CAGR owing to increasing demand from the healthcare sector.
Market Overview:
Silicone rubber is an elastomer containing silicone polymer, carbon, hydrogen, oxygen, and fillers for property modification. It is an inert, stable, highly rubber, which exhibit various substantial physical properties such as high withstand ability for a wider range of temperature (75°F to 500°F), high wear and tear strength, great elongation, high flexibility and a durometer range of 5 to 80 Shore A.
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Competitive Analysis:
Global Silicone Rubber Market are CHT Group (Germany), KCC CORPORATION (South Korea), Elkem Silicones (Norway), MESGO S.p.A. (Italy), Momentive (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. (Japan), Reiss Manufacturing, Inc. (US), SIMTEC Silicone Parts (US), Shenzhen Inno Silica Co., Ltd. (China)
Regional Analysis:
The global silicone rubber market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at the highest CAGR owing to the rising product demand in the automotive, healthcare, footwear, and electronics industries. In addition, the silicone rubbers are widely used in rapidly growing construction activities in this region. This is expected to fuel the market growth in the region during the review period.
North America is expected to witness significant growth during the forest period. This is mainly due to the advancements in the electronics and semiconductor industry along with the growing reconstruction activities in this region to meet the sustainability demands.
Industry/ Innovation/ Related News:
January 30, 2019 – The Dow Chemical Company (the US), a global leader in silicone elastomer science, ECCO (Denmark), a shoe designer, manufacturer, and retailer, Dassault Systèmes (France), a software company announced the launch of the QUANT-U footwear customization project across the Asia Pacific region.
An experimental footwear customization project – QUANT-U is a brain child of the Innovation Lab (ILE) of ECCO’s independent cross-disciplinary design studio. QUANT-U is creating a new paradigm for shoe fit, comfort, and performance. A breakthrough 3D-printable liquid silicone rubber – SILASTIC™ 3D 3335 developed by Dow has played a pivotal role in QUANT-U’s development and success.
The breakthrough material from Dow, Liquid Silicone Rubber (LSR) is specially formulated to combine the performance benefits of silicone elastomers with the design and processing advantages of Liquid Additive Manufacturing (LAM) technology.
Segments:
Based on type, the Global Silicone Rubber Market has been segmented into liquid silicone rubber, high consistency rubber, and fluorosilicone rubber, and others. Among these types, liquid silicone rubber accounted for the largest market share in 2017. The primary factors responsible for this high market share are the substantial physical properties of this type of silicone rubber. It includes high biocompatibility, excellent ability to be sterilized by various methods, high elongation, greater clarity, softness, and elongation, and longevity. The high consistency rubber is another substantial type of silicone rubber which is anticipated to witness healthy growth during the forecast period owing to surging demand for the product in healthcare and automotive sectors.
By application, the global silicone rubber market has been categorized into automotive, medical, construction, electronics, footwear, consumer goods, sportswear, and others. The automotive sector held the major market share in 2017 owing growing demand for the product in various automotive applications such as o-rings gaskets, seals, hoses, sealants, and other rubber parts. Additionally the technological advancements in the healthcare sector and the widespread application of the silicone rubber in the drug delivery and catheter can be the key factors fueling the demand of silicone rubber in the healthcare applications.
Global Silicone Rubber Market Competitive Analysis:
Highly competitive, the silicone rubber market appears to be fragmented due to the presence of many large and small-scale players. To sustain their positions in the market, these players incorporate strategic initiatives such as acquisition, collaboration, partnership, expansion, and technology launch.
Manufacturers operating in the silicone rubber market strive to deliver the best quality products based on innovative technologies, and best practices. The high growth potential the market demonstrates is expected to attract many entrants to the market resulting in intensifying the competition further.
Intended Audience:
- Silicone Rubber manufacturers
- Traders and distributors of Silicone Rubber
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Silicone Rubber Market
5 Industry Overview Of Global Silicone Rubber Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7. Global Silicone Rubber Market, By Type
7.1 Introduction
7.2 Liquid Silicone Rubber
7.2.1 Market Estimates & Forecast, 2016–2023
7.2.2 Market Estimates & Forecast By Region, 2016–2023
7.3 High Consistency Rubber
7.3.1 Market Estimates & Forecast, 2016–2023
7.3.2 Market Estimates & Forecast By Region, 2016–2023
7.4 Fluorosilicone Rubber
7.3.1 Market Estimates & Forecast, 2016–2023
7.3.2 Market Estimates & Forecast By Region, 2016–2023
7.5 Others
7.5.1 Market Estimates & Forecast, 2016–2023
7.5.2 Market Estimates & Forecast By Region, 2016–2023
8. Global Silicone Rubber Market, By Application
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