Press release
Silicone Elastomers Market 2020-2026, Covid-19 Impact | Key Major Players : Specialty Silicone Products, Inc., Bentec Medical, Rogers Corporation, ALLERGAN, ELMET, Cabot Corporation
Silicone Elastomers Market
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Market Analysis: Global Silicone Elastomers Market
The Global Silicone Elastomers Market is expected to reach USD 9.45 billion by 2025, from USD 5.80 billion in 2017 growing at a CAGR of 6.3% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Market Competitors: Global Silicone Elastomers Market
The key players operating in the global silicone elastomers market are -
The Dow Chemical Company
Momentive
Wacker Chemie AG
Shin-Etsu Chemical Co. Ltd.
Mitsubishi Chemical Corporation.
The other players in the Silicone Elastomers Market are KCC CORPORATION., China National Bluestar (Group) Co Ltd., REISS MANUFACTURING, INC., MESGO S.p.A., Zhejiang Xinan Chemical Group Co. Ltd., Specialty Silicone Products, Inc., Bentec Medical, Rogers Corporation, ALLERGAN, ELMET, Cabot Corporation, Marsh Bellofram Group of Companies, Akzo Nobel N.V., SIGMA Engineering GmbH, Saint-Gobain, STOCKWELL ELASTOMERICS, INC., ContiTech India Pvt. Ltd. and Quantum Silicones, LLC - a CHT Group Company among others.
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Market Definition: Global Silicone Elastomers Market
Polysilioxane or silicone elastomers are vulcanised silicone based polymers. They are found in a variety of forms such as solids, foams and sponges. They are preferred because of their ability to withstand temperature, environment and compression. With growing product consumption in electronics sector, the silicone elastomers are to witness a huge demand ahead in the forecast year. They also have a great demand in the healthcare industry. The growing healthcare innovations and expenditure is likely to fuel the demand of the market.
In September, 2018, Shin-Etsu Chemical Co. Ltd announced investment of around 10 billion to expand the production capacity of silicone monomer. The investment decision has been taken with a view of increasing demand from end users and a need to bridge the demand supply gap.
Segmentation: Global Silicone Elastomers Market
Silicone Elastomers Market : By Type
High Temperature Vulcanized (HTV)/High Consistency Rubber (HCR)
Liquid Silicone Rubber (LSR)
Room Temperature Vulcanized (RTV)
Silicone Elastomers Market : By Process
Extrusion
Liquid Injection Molding
Injection Molding
Compression Molding
Others
Silicone Elastomers Market : By End Use Industry
Automotive & Transportation
Electrical & Electronics
Healthcare
Consumer Goods
Industrial Machinery
Others
Silicone Elastomers Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Silicone Elastomers Market Drivers:
Versatile properties of silicone elastomers.
Increasing demand of silicone elastomers in electrical & electronics industry.
Increasing aging population and their spent on healthcare segment.
Silicone Elastomers Market Restraints:
Developed countries showing stagnancy in demand.
Volatile prices of raw materials involved.
Competitive Analysis: Global Silicone Elastomers Market
The global silicone elastomers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of silicone elastomers market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In September 2018, Wacker Chemie AG announced to expand its silicon rubber printing services outside Germany. The new facility will be located at Ann Arbor (MI). With this move, Wacker Chemie AG is aiming to cater the growing demands from the North America.
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