Silicone Elastomers Market Size is valued at USD 9.64 billion in 2022 and is predicted to reach USD 17.70 billion by the year 2031 at a 7.1% CAGR during the forecast period for 2023-2031.
Silicone elastomers are silicone-based polymers that have been vulcanized. Silicone elastomers are created using linear polymers, reinforcing agents, crosslinkers, and a catalyst. The viscosity and kind of essential straight-chain molecule, as well as the processing temperature, affect the type of elastomer generated, such as high consistency rubber (HCR), liquid silicone rubber (LSR), and room temperature vulcanization (RTV). Silicone elastomers outperform other elastomers in terms of performance. Because of these properties, it is essential for industrial use, which benefits the worldwide silicone market. The global silicone elastomer market is being driven by the increasing demand for silicone elastomer in the automotive industry. The surge in sales of passenger automobiles and commercial vehicles is driving the silicone elastomer market in the automotive industry.
However, due to lower consumer spending, travel restrictions, and production halts, demand for silicone elastomers in particular industries, such as automotive and aerospace, declined dramatically during the epidemic's early stages. In contrast, growing demand in sectors such as medical equipment and healthcare drove adjustments in demand patterns.
The Silicone Elastomers Market is segmented based on type, end-use, and process. The type segment includes high-temperature vulcanized, room-temperature vulcanized, and liquid silicone rubber. The liquid silicone rubber segment includes industrial, food, and medical grades. End-use provides building and construction, electrical and electronics, automotive transportation, healthcare, consumer goods, foam, and others. The process segment includes extrusion, liquid injection molding, injection molding, and compression molding.
The high-temperature vulcanized category is expected to hold a major share of the global Silicone Elastomers Market in 2022. HTV elastomers are cured at high temperatures using either platinum catalysis or organic peroxides. To increase mechanical strength, reinforcing fillers are applied to the cured rubber. Because of their superior features, such as increased siloxane bond strength, electrical conductivity, radiation resistance, steam resistance, flame retardance, oil resistance, and extreme temperature resistance, HTVs have a wide range of applications. Growing demand in major end-use sectors, particularly in developing nations, will likely be a significant development driver.
The extrusion segment is projected to grow rapidly in the global Silicone Elastomers Market. The rise in the electronics and electrical industry is expected to drive the demand for extrusion processes. Uncured rubber is continuously extruded using a die in the extrusion process to achieve a suitable, homogenous cross-sectional size and shape prior to curing. This method is ideal for tubing rods, bigger gaskets, seals, wire insulation, and preforms for compression molding because it typically has high production rates and quick lead times. Fluorosilicone rubber (FSR) and HCR/HTV are both utilized with it.
Asia Pacific Silicone Elastomers Market is expected to record the highest market share in revenue in the near future because the region produces more significant numbers of automobiles, driving up the demand for silicone elastomers there. In Asia-Pacific, nations like Malaysia, Japan, Taiwan, and India are producing more cars. In addition, Europe is anticipated to develop rapidly due to the high need for silicone elastomers in end-use sectors brought on by fast industrialization and urbanization, as well as growing disposable income driving up demand for consumer products and automobiles.
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 9.64 Bn |
|
Revenue Forecast In 2031 |
USD 17.70 Bn |
|
Growth Rate CAGR |
CAGR of 7.1% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn, Volume (KT) and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Drug Class, By Indication, By Distribution Channel, By End User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Dow Inc. (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co., (China), Momentive Performance Materials Inc. (US), Reiss Manufacturing Inc. (US), and CHT Germany GmbH (Germany) |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Silicone Elastomers Market Snapshot
Chapter 4. Global Silicone Elastomers Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type, & Market Share, 2020 & 2031
5.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Type:
5.2.1. High Temperature Vulcanized
5.2.2. Room Temperature Vulcanized
5.2.3. Liquid Silicone Rubber
5.2.3.1. Industrial Grade
5.2.3.2. Food Grade
5.2.3.3. Medical Grade
Chapter 6. Market Segmentation 2: By Process Estimates & Trend Analysis
6.1. By Process & Market Share, 2020 & 2031
6.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By Process:
6.2.1. Extrusion
6.2.2. Liquid Injection Molding
6.2.3. Injection Molding
6.2.4. Compression Molding
6.2.5. Others
Chapter 7. Market Segmentation 3: By End-Use Industry Estimates & Trend Analysis
7.1. By End-Use Industry & Market Share, 2020 & 2031
7.2. Market Size (Value US$ Mn & Volume (KT)) & Forecasts and Trend Analyses, 2020 to 2031 for the following By End-Use Industry:
7.2.1. Building & Construction
7.2.2. Electrical & Electronics
7.2.3. Automotive & Transportation
7.2.4. Healthcare
7.2.5. Consumer Goods
7.2.6. Foam
7.2.7. Others
Chapter 8. Silicone Elastomers Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Type, 2019-2031
8.1.2. North America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By Process, 2019-2031
8.1.3. North America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) estimates and forecasts By End-Use Industry, 2019-2031
8.1.4. North America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) estimates and forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Type, 2019-2031
8.2.2. Europe Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Process, 2019-2031
8.2.3. Europe Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By End-Use Industry, 2019-2031
8.2.4. Europe Silicone Elastomers Market revenue (US$ Million) & Volume (KT) by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Type, 2019-2031
8.3.2. Asia Pacific Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Process, 2019-2031
8.3.3. Asia Pacific Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By End-Use Industry, 2019-2031
8.3.4. Asia Pacific Silicone Elastomers Market revenue (US$ Million) & Volume (KT) by country, 2019-2031
8.4. Latin America
8.4.1. Latin America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Type, (US$ Million) 2019-2031
8.4.2. Latin America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Process, (US$ Million) 2019-2031
8.4.3. Latin America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By End-Use Industry, (US$ Million) 2019-2031
8.4.4. Latin America Silicone Elastomers Market revenue (US$ Million) & Volume (KT) by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Type, (US$ Million) 2019-2031
8.5.2. Middle East & Africa Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By Process, (US$ Million) 2019-2031
8.5.3. Middle East & Africa Silicone Elastomers Market revenue (US$ Million) & Volume (KT) By End-Use Industry, (US$ Million) 2019-2031
8.5.4. Middle East & Africa Silicone Elastomers Market revenue (US$ Million) & Volume (KT) by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. AB Specialty Silicones, LLC
9.2.2. Avantor, Inc.
9.2.3. Bellofram Silicones
9.2.4. China National BlueStar (Group) Co., Ltd.
9.2.5. CHT Germany GmbH (Germany)
9.2.6. Dow Corning Corporation
9.2.7. Dupont De Nemours, Inc.
9.2.8. KCC Corporation
9.2.9. Mesgo S.P.A.
9.2.10. Momentive Performance Materials Inc.
9.2.11. Reiss Manufacturing Inc.
9.2.12. Shin-Etsu Chemical Co., Ltd.
9.2.13. Silicone Solutions, Inc.
9.2.14. Specialty Silicone Products, Inc.
9.2.15. Stockwell Elastomerics
9.2.16. Wacker Chemie AG
9.2.17. Zhejiang Xinan Chemical Industrial Group Co., Ltd.
Silicone Elastomers Market By Type-
Silicone Elastomers Market By End-Use-
Silicone Elastomers Market By Process-
Silicone Elastomers Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
