Silicone elastomer is a rubber like substance containing silicone along with hydrogen, oxygen and carbon. Silicone elastomer can operate on a temperature range from -55°C to 300°C. Silicone elastomer offers properties such as good mechanical strength, durability, pigmentation, heat stability, flexibility at low temperatures, and sterilization. Silicone elastomer finds its applications in healthcare, construction, sealants, protyping, automotive, electronic adhesives and mold making.
The global silicone elastomer market is growing at significant pace owing to the growth in demand from construction, electrical & electronics, healthcare, consumer goods, and industrial machinery industry. Moreover, the increase in demand from emerging economies of Asia-Pacific such as India, China, Malaysia, Taiwan, and Indonesia drives the market for silicone elastomers. Also, the growing demand from lifestyle and automotive also drives the market. However, the market for silicone elastomer is restrained by sensitive prices of raw materials. The market for silicone elastomer faces major challenges owing to the government policies regarding the emission of carbon during the process. Asia-Pacific offers huge growth opportunity for silicone elastomer market. Rapidly increasing construction, automotive, electronics, healthcare and consumer goods industry are likely to drive the market for silicone elastomer.
The global silicone elastomer market can be segmented based on type, process, end-use industry, and region. High temperature, room temperature and liquid silicone rubber are the major segments for silicone elastomer based on type. Among the above mentioned types of silicone elastomer, liquid silicone rubber dominated the market for silicone elastomer in 2015. The rising demand from transportation industry drives the market for liquid silicone rubber. Extrusion, liquid injection molding, injection molding, and compression molding are the various processes used in silicone elastomer market. The extrusion process was the major revenue contributor to the silicone elastomer market owing to the properties such as short lead time and high production rate offered by the process. Automotive, construction, healthcare, consumer goods, electronics and industrial machinery are the various end-use industries where silicone elastomer is widely used. Construction industry accounted for the largest share of the silicone elastomer market. The demand is attributed to the increased construction spending from the emerging economies of the world. The healthcare industry for silicone elastomer market is also projected to witness significant growth owing to ageing population in Asia-Pacific region.
The market for silicone elastomer is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa (MEA). Asia-Pacific was the largest market for silicone elastomers. The major countries driving the market in the region include India, China, South Korea, Malaysia, and Indonesia. The growing construction, consumer goods and healthcare industry is expected to drive the market for silicone elastomer in the coming years. China is projected to be the fastest growing market for silicone during the forecast period. The market for silicone elastomers in North America is likely to witness noteworthy growth owing to the increase in healthcare industry mainly because of the increased cosmetic surgery procedures. The European silicone elastomer market is also projected to grow at a significant rate because of the increased renovation in automotive sector.
Some of the key players in the global silicone elastomer market include Wacker Chemie AG, Dow Corning Corporation, KCC Corporation, Specialty Silicone Products, Momentive Performance Materials Inc., and Reiss Manufacturing. These companies are focusing on key market strategies such as mergers and acquisitions with local as well as established players. Moreover, companies are also focusing on backward integration, thereby producing elastomer along with the production of silicone.
Market by Type
· High Temperature Vulcanized
· Room Temperature Vulcanized
· Liquid Silicone Rubber
Market by Process
· Liquid injection molding
· Injection molding
· Compression molding
Market by End-use Industry
· Consumer goods
· Industrial machinery
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction Global synthetic paper market size is estimated to reach a value of around USD 1.4 billion by the end of the year 2026. The industry is expected to grow with a CAGR of 7.1% during the upcoming years. Market Dynamics Synthetic papers are 100% recyclable and are es
Introduction The global paint protection film market size was valued at USD 468 million in 2017, and is estimated to reach at 809 million by the end of year 2026, expand at a growth rate of 7.2% during the forecast period. Market Dynamics Paint Protection Film is categorized
Introduction The global market size of optical coatings was value at 12.8 billion at 2017 and is expected to reach 25.7 billion by the end of year 2026. The market is estimated to grow at a CAGR of 9% over the forecast period. Market Dynamics Optical coatings are used in the
Introduction The global thermoplastic elastomers market is projected to be US$ 27.8 billion by 2026 and the market is projected to showcase 6.7% CAGR during the forecast period. The thermoplastic elastomers market is driven by innovation in plastics as they are progressively being used in the automotive industry. Market
Introduction The global screen-printing inks Market is projected worth US$ 1,135.6 million by 2026 and the market is projected to showcase 4.7% CAGR during the forecast period. The screen printing inks market is driven by advancement in digital printing technologies. Market Dynamics
Introduction The global conductive inks market’s value is expected to reach USD 4.3 million by the end of 2026 and the market is anticipated to markets a CAGR of 3.7% through the coming years. The market growth is determined by innovation in printed electronic applications. Market Dynamics