Global Silicone Elastomers Market Outlook, Opportunities And Strategies – Includes Silicone Elastomers Market Size
Learn about the global silicone elastomers market through The Business Research Company, which provides information on silicone elastomers market size, silicone elastomers market drivers and restraints, silicone elastomers market players, the COVID-19 impact on the silicone elastomers market, and more.
The global silicon elastomers market size is expected to grow from $6.58 billion in 2021 to $7.23 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The global silicon elastomer market size is expected to grow to $9.22 billion in 2026 at a CAGR of 6.3%.
The rapid growth in the automotive and construction industries is expected to propel the growth of the silicone elastomers market going forward.
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The silicone elastomers market consists of sales of silicone elastomers by entities (organizations, sole traders, and partnerships) that are used for electrical insulation as sheet, tape, wire and cable coverings, extruded sleevings and mouldings, and many other applications. Silicone elastomers are a range of heat-stable elastic silicone materials used for electrical insulation, where they play a critical role in the delivery of high-quality prefabricated building elements.
Global Silicone Elastomers Market Segments Include:
By Product: High Temperature Vulcanized, Room Temperature Vulcanizing, Liquid Silicone Rubber
By Process: Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Others
By End-User: Automotive and Transportation, Electrical and Electronics, Healthcare, Consumer Goods, Industrial Machinery, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the silicon elastomers market in 2021.
The introduction of biomedical-grade silicone elastomers has emerged as the key trend gaining popularity in the silicone elastomer market. Major companies operating in the silicone elastomers sector are focused on the introduction of biomedical-grade silicone elastomers to meet customer demand.
TBRC’s silicone elastomers market report covers:
Major Market Players: Mesgo S.P.A., Momentive Performance Materials Inc., Shin-Etsu Chemical Co, KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd., Specialty Silicone Products, ContiTech AG., Dow Corning, Wacker Chemie, Allergan Inc., Saint-Gobain, Bentec Medical, Zhejiang Xinan, Reiss Tech Inc, Cabot Corporation, Shenzhen Inno Silica Co. Ltd, ICM Products Inc., and 2D Chemical Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Silicone Elastomers Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides silicone elastomers market overviews, analyzes and forecasts market size, share, silicone elastomers market players, silicone elastomers market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s silicone elastomers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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