Press release
Silicone Elastomer Market Global Business Insights And Development Analysis To 2023
Silicone Elastomer Market
Silicone elastomers are materials with peculiar characteristics such as fine electrical properties, superior heat & cold resistance, enhanced chemical stability, and flame retardancy. Raw materials for silicone elastomer generally comprise silicones, catalysts, and fillers, coupled with different temperature & pressure based on the required application. The global silicone elastomer market is segmented based on type, application, and geography. The application segment includes industries such as automotive, healthcare, electronics, apparel, medical devices, home repair & hardware, construction, and others (baby care, cosmetics, optics, food, and more).
Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/733
Emerging applications in medical device & healthcare industries and high demand in electrical & electronics industry is expected to drive the market growth. However, volatility in raw material prices may impede the projected market growth. Increase in demand for antimicrobial silicone elastomers and growth in demand for automotive vehicles employing silicone elastomer are expected to present growth opportunities for various players in the market.
Liquid silicone rubber is expected to grow at the highest CAGR, in terms of revenue, during the analysis period, due to its specific properties such as temperature protection, natural transparency, excellent chemical & oil resistance, increased stability, UV & X-ray protection, and oxidation & light resistance. These rubbers are mainly employed in electronics, automotive, construction, home repair & hardware, and other end uses.
In 2015, the high consistency rubber segment occupied major market, in terms of revenue, with more than half of the share. However, this trend is expected to decline to some extent during the forecast period, owing to wide scale application of liquid silicone rubber in various end-use industries. Silicone elastomers have major applications in automotive and construction industries. Moreover, the automotive application segment accounted for second largest market share in 2015, and is expected to grow at the lucrative CAGR during the forecast period. The others application segment, including baby care, cosmetics, optics, food, and more, is witnessing the highest CAGR attributed to their increased demand in the upcoming period. Asia-Pacific dominates the global silicone elastomer market due to huge production and demand in China. Increase in focus of manufacturers & consumers on improved versions and better compositions of silicone elastomers at lower costs has led to rigorous R&D, thus resulting in many patents published on it in recent years.
Make an Enquiry before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/733
Key Findings of the Silicone Elastomer Market
o Automotive is anticipated to be the second fastest growing application segment at a lucrative CAGR of around 6.0% from 2017 to 2023, in value terms.
o Asia-Pacific is expected to continue to be the dominant shareholder in the future, with more than one-third share of the global silicone elastomer market and highest CAGR, in terms of revenue.
o Construction occupied the maximum market share of more than one-fourth share of value in 2016, and is expected to grow at a CAGR of almost 5.0%.
o China is the leading country in terms of demand & supply of silicone elastomer material.
o Liquid silicone rubber is projected to witness the highest CAGR in revenue terms during the forecast period.
In 2016, Asia-Pacific and LAMEA collectively accounted for almost half market share, registering a significant CAGR and are expected to continue this trend. This is attributed to growth in industries such as construction, automotive, electronics, and home repair & hardware, specifically in China, India, Brazil, and other developing economies. Increase in urbanization & industrialization drives the market growth in Asia-Pacific.
Major companies profiled in the report include ICM Products Group, Elkem AS, KCC Corporation, The Dow Chemical Company, Mesgo S.p.A., Momentive Performance Materials Inc., Reiss Manufacturing, Inc., Shin-Etsu Chemical Co., Ltd., Specialty Silicone Products Inc., and Wacker Chemie AG (Wacker).
Access Full Summary @ https://www.alliedmarketresearch.com/silicone-elastomer-market
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com/2
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Silicone Elastomer Market Global Business Insights And Development Analysis To 2023 here
News-ID: 1943906 • Views: …
More Releases from allied market research
Digital Twin Market Share to Reach $125.7 Billion by 2030
Growing demand for advanced technology for collecting and analyzing data in bulk by companies is expected to drive digital twin market share growth in the forecast time period.
According to a new report published by Allied Market Research, titled, "Digital Twin Market," The digital twin market was valued at $6.5 billion in 2021, and is estimated to reach $125.7 billion by 2030, growing at a CAGR of 39.48% from 2021 to…
RFID Market Share to Reach $31.5 Billion by 2031
The global RFID market share is expected to witness considerable growth, owing to an increase in demand for industry 4.0, Internet of Things, and industrial automation solutions paired with the rise in disposable income in emerging economies such as India, South Korea, Brazil, Dubai, and especially in Asia-Pacific and LAMEA region, which is driving the RFID market growth.
According to a new report published by Allied Market Research, titled, "RFID Market…
Semiconductor Market Share to Reach $1033.5 Billion by 2031
The semiconductor market share is expected to witness considerable growth, surge in adoption of internet of things (IoT) technology and increase in utilization of consumer electronics.
A semiconductor is a material product usually comprised of silicon, which conducts electricity more than an insulator, such as glass, but less than a pure conductor, such as copper or aluminum. Their conductivity and other properties can be altered with the introduction of impurities,…
Wire and Cable Market Share to Reach $323.8 Billion by 2032
The wire and cable market is expected to continue growing in the coming years, owing to increasing demand for cables that exhibit high sensitivity, enabling the detection and measurement of even minute variations in magnetic fields. This trend is primarily driven by the requirements of applications that demand exceptional precision and accuracy, one or more insulation layers and carry electrical signals & aid the generation, transmission, and distribution of electric…
More Releases for Silicone
Revolutionizing Industries: Tenchy Silicone Introduces Cutting-Edge Silicone Tub …
Shenzhen Tenchy Silicone And Rubber Co., Ltd, a renowned leader in silicone products manufacturing, proudly announces the launch of its advanced silicone tubing solutions. Designed to meet the diverse needs of industries such as medical, automotive, and food and beverage, these innovative products represent a significant step forward in silicone technology.
In a world where reliability, performance, and versatility are paramount, silicone tubing stands out as a material of choice for…
Five common properties of silicone and the primary Types of Silicone
Silicones are a versatile class of polymers that come in various forms, offering immense potential for customization to meet the precise needs of the medical and aerospace sectors. Their characteristics enable them to perform diverse functions, such as sealing, lubricating, and fulfilling a host of other tasks.
Silicone's versatility is attributed to its unique physical and mechanical properties, which make it a valuable material in various industries. This article will delve…
Tenchy Silicone: Quality Silicone Tube Supplier for Different Industries
Tenchy Silicone is proud to announce the opening of their new headquarters, which will provide a quality silicone tube supplier service to different industries and businesses. Their silicone tubes are made from FDA-approved materials and are temperature resistant up to 230 degrees Celsius. All products come with an assurance of quality from Tenchy Silicone's team of experienced engineers and technicians who ensure that each product meets customer needs and specifications.…
Tenchy Silicone introducing new silicone foam strip
Tenchy Silicone, the leading provider of high-quality silicone foam strip, is proud to announce their newest product. The Silicone Foam Strip features a combination of both closed-cell and open-cell foaming technologies which offers outstanding thermal insulation and water resistance properties as well as superior airtight performance. It also provides excellent cushioning for equipment, machinery, components and instruments to ensure protection from dust, moisture, abrasion and shock. In addition to its…
Tenchy Silicone Announces Expansion on Silicone Tube Supplier Selection
Tenchy Silicone, a leading silicone tube supplier, is pleased to announce the expansion of its selection of products and services for customers. With over ten years of experience in the industry, the company has established a reputation for providing top-quality silicone tubes that meet customer needs and expectations. The new product line includes tubing from various manufacturers and offers a wide range of materials and sizes to accommodate every project.…
Tenchy Silicone Unveils their New Silicone Seal Gasket
Tenchy Silicone recently released a new silicone seal gasket designed to be used in a variety of industrial applications. It also provides excellent temperature insulation thanks to its ability to withstand temperatures up to 260 °C without any deformation or loss of strength, making it ideal for large-scale industrial projects. The silicone seal gasket is also unaffected by chemicals and ultraviolet light, making it suitable for numerous industries including automotive,…
