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Silicone Elastomers Market Report 2022-27: Scope, Size, Demand, Share, Analysis

According to the latest report by IMARC Group “Silicone Elastomers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global silicone elastomers market size reached a value of US$ 7.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2027, exhibiting a CAGR of 6.29% during 2022-2027.

Silicone elastomers, also called silicone rubbers, are manufactured by combining linear polymers, reinforcing agents, cross-linkers, catalysts, etc. They aid in providing heat and moisture resistance, flame retardancy, weather ability, etc. In addition to this, silicone elastomers offer dielectric properties to insulate and protect electronic equipment. Consequently, they find extensive applications in various sectors, including construction, healthcare, industrial, etc. Presently, silicone elastomers are commonly available in a wide array of forms, including electrically and thermally conductive, open-cell foams, closed-cell sponges, etc.

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Market Trends:

The growing product utilization in the manufacturing of connector seals, turbocharger hoses, spark plug boots, gaskets, silicone wiper blades, ignition cables, etc., is primarily driving the silicone elastomers market. Additionally, the rising adoption of these polymers as coated glass-fiber cloths, tapes, extruded sleeving and moldings, sheet, wire and cable coverings, braided glass sleeving, etc., for electrical insulation is further catalyzing the market growth. Besides this, the shifting consumer preferences from traditional high oil and fatty alcohol systems towards silicone elastomers to provide soft focus and line-filling properties are acting as significant growth-inducing factors. Moreover, the escalating demand for silicone rubbers to fabricate the electrical systems, engine, interiors, and other body parts of an automobile is also positively influencing the global market. Apart from this, the leading manufacturers are investing in R&D activities to expand their product portfolio, which is anticipated to fuel the silicone elastomers market over the forecasted period.

Breakup by Product:

  • High-Temperature Vulcanize (HTV)
  • Room Temperature Vulcanize (RTV)
  • Liquid Silicone Rubber (LSR)

Breakup by Application:

  • Electrical and Electronics
  • Automotive and Transportation
  • Industrial Machinery
  • Consumer Goods
  • Construction
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Bentec Medical
  • China National Bluestar (Group) Co. Ltd.
  • Dow Inc.
  • KCC Corporation
  • MESGO SpA (Hexpol AB)
  • Momentive Performance Materials Inc.
  • Reiss Manufacturing Inc.
  • Shin-Etsu Chemical Co. Ltd.
  • Specialty Silicone Products Inc. (Heico Corporation)
  • Stockwell Elastomerics Inc.
  • Wacker Chemie AG.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/silicone-elastomers-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Eleena Wills
Hi, I’m Eleena Wills. Being a writer and blogger, I strive to provide informative and valuable articles to people. With quality, constructive, and well-researched articles, one can make informed choices. I cover a wide range of topics, from home improvement to hair styling and automotive.
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