Silicone Elastomers Market Global Trends, Dynamic Demand, Growth Factor, Features, Business Opportunities, Sales & Revenue, Share, Size Outlook to 2023
Silicone Elastomers Key Players in this Market are: Momentive (US), Wacker Chemie AG (Germany), DowDuPont (US), Shin-Etsu Chemical Co., Ltd. (Japan), KCC CORPORATION (South Korea), China National Bluestar (Group) Co., Ltd. (China), Reiss Manufacturing, Inc. (US), MESGO S.p.A. (Italy), ALLERGAN (Ireland), Bentec Medical (US), Rogers Corporation (US), and Specialty Silicone Products, Inc. (US).
Silicone Elastomers Market Segmentation:
The silicone elastomers market is segmented into three key dynamics for the convenience of the report,
By Types : High Temperature Vulcanized [HTV], Liquid Silicone Rubber [LSR], and Room Temperature Vulcanized [RTV] among others.
By Applications : Automotive, Electrical & Electronics, and Healthcare, among others.
By Regions : North America, Europe, APAC and Rest of the World.
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Industry/ Innovation/ Related News:
September 18, 2018 – Wacker Chemie AG (Germany), one of the leading global chemical company announced its expansion in the North American markets for silicon Elastomers. The company will be opening its first regional 3D printing lab in Ann Arbor, Michigan at the end of 2018. The new facility will provide ACEO silicone rubber 3D printing services.
North America being the largest and most dynamic market for 3D printing and the new tailor-made silicone elastomers with high UV resistance, and thermal stability is used for ACEO 3D printing which will surely benefit the company.
September 25, 2018 – ETH Zurich (Switzerland), launched its high-precision SLA 3D printing silicone service geared towards meeting the production needs of multiple vertical markets. The company can bring industrial-scale silicone 3D printing to the mass market. Powering this service is a VAT photopolymerization process and patent-pending materials technologies.
Silicone Elastomers Market Regional Analysis:
The Asia Pacific region is the largest and the dynamic market for silicone elastomers in terms of size and revenues. The presence of a wide industrial base in countries such as China, Thailand, and India alongside the burgeoning automotive industry is influencing the market growth in the region. Improving economic conditions are factoring the growth environment for the market. The constant rise of the automobile sector is projected to continue to fetch a major share of the silicone elastomer demand in this region.
The North American region accounts for the second most significant market for silicone elastomer, following the Asia Pacific closely. The burgeoning electrical and electronics industry in the region with its rising demand for consumer electronic devices predominantly drives the market growth. Furthermore, the increasing demand from the automotive industry is a key force acting as a tailwind to the market growth. In the transportation sector, aircraft and automotive industry are the two dominant segments consuming a major share of the total demand for silicone elastomer.
Silicone Elastomers Market Competitive Analysis:
The market appears consolidated yet highly competitive with the limited number of players operating in the market. Key trends observed among the market players include acquisition, collaboration, expansion, partnership, and product launch. Other key strategies adopted by vendors in the market include greater commercialization of their products, promotion initiatives through trade exhibitions, increased collaboration.
Silicone Elastomers Market Overview:
Silicone Elastomers Market is expected to reach more than USD 8.7 billion by 2023 with a CAGR of more than 7.7%.
Silicone Elastomers Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Silicone Elastomers Market
Silicone Elastomers Market Table of Content to be Continue…...,
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