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 The global impact modifier market size is anticipated to around USD 6.6 billion by 2026, this market is anticipated to expand with 6.4% CAGR during the forecast time period. Rising need from different end-use businesses, for example, packaging, development, car, and customer merchandise is probably going to enlarge the market in the expected years. In
Introduction The global flexible plastic packaging market size is anticipated to expand around USD 180.4 billion by 2026, this market is anticipated to grow with 4.3% CAGR during the forecast time period. Huge demand for the product in the healthcare and food & beverage enterprises is a key development stimulant for the flexible plastic packaging market.
Introduction The global disposable gloves market size projected to register around USD 15.4 billion by 2026, this market is anticipated to grow with 8.4% CAGR during the forecast time period. Increase in application of disposable glove in various end-user vertical such as food and beverage sectors drive the global demand for global disposable gloves market.
Introduction The global aerospace coating market size projected to register around USD 3.0 billion by 2026, this market is anticipated to grow with 6.1% CAGR during the forecast time period. Growing air passenger traffic is single of the main factors driving the aviation sector, which deciphers into greater need for aerospace coatings.
Introduction The global solder material market size is anticipated to around USD 2.2 billion by 2026, this market is anticipated to grow 4.5% CAGR during the forecast time period. Rising populace and growing urbanization across the globe have been providing a fillip to the solder material market. Also, surge in the need for refu
Introduction The global building & construction plastics market size is anticipated to around USD 182 billion by 2026, this market is anticipated to grow with 7.4% CAGR during the forecast time period. Rising populace and growing urbanization across the globe have been providing a fillip to the building & construction pl