Global Silicone Elastomers Market Overview 2023: Size, Drivers, And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Silicone Elastomers Global Market Report 2023 offers crucial insights into the silicone elastomers market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global silicone elastomers market size is expected to grow from $7.34 billion in 2022 to $8.02 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The market size of the global silicone elastomers is expected to grow to $10.7 billion in 2027 at a CAGR of 7.5%.
The silicone elastomers market to surge due to fast-paced automotive and construction industry growth.
- Key Trend – Biomedical-grade silicone elastomers introduction is a prominent trend in the silicone elastomer market. Leading companies prioritize offering these to meet customer needs.
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- Largest Region – North America was the largest region in the silicone elastomers market in 2022.
- Major Players – Major players in the silicone elastomers market are Mesgo S.P.A., Momentive Performance Materials Inc., Shin-Etsu Chemical Co, KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd.
- Top Market Segments –
- By Product: High Temperature Vulcanized, Room Temperature Vulcanizing, Liquid Silicone Rubber
- By Process: Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Other Process Types
- By End User: Automotive and Transportation, Electrical and Electronics, Healthcare, Consumer Goods, Industrial Machinery, Other End Users
- 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 is the largest region in the global silicone elastomers market in 2021.
Read The Full Silicone Elastomers Market Report Here:
The Silicone Elastomers Global Market Report 2023 provides a comprehensive outlook of the silicone elastomers market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The silicone elastomers market forecast offers a thorough analysis on silicone elastomers market size, silicone elastomers market share, prominent players and their strategies.
Silicone elastomers find use in electrical insulation like sheets, tape, wire coverings, and more. They’re crucial for high-quality prefabricated building components in electrical insulation.
The Table Of Content For The Silicone Elastomers Market Include:
1. Silicone Elastomers Market Executive Summary
2. Silicone Elastomers Market Segments
3. Silicone Elastomers Market Size And Silicone Elastomers Market Growth Rate
4. Key Silicone Elastomers Market Trends
5. Major Silicone Elastomers Market Drivers
25. Key Mergers And Acquisitions In The Silicone Elastomers Market
26. Top Silicone Elastomers Companies
27. Silicone Elastomers Market Opportunities And Strategies
28. Silicone Elastomers Market, Conclusions And Recommendations
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