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Silicone Elastomers Market Developments, Industry Revenue, Global Key Players, Future Growth And Feasibility Analysis Report (2023-2032) | Mesgo S.P.A., Momentive Performance Materials Inc., Shin-Etsu Chemical Co, KCC Corporation Ltd., China National Blue
Silicone Elastomers Market
As per the Silicone Elastomers Market report by The Business Research Company, the rapid growth in the automotive and construction industries is expected to propel the growth of the silicone elastomers market going forward. Construction refers to the operations of installing and assembling project equipment and materials. As silicon elastomers are widely used in the automotive and construction industries for engine and gearbox gasketing, power-train sealing, and battery modules, as a result, the growth in those industries increases the demand for silicone elastomers.
The global silicone elastomers market size grew from $7.34 billion in 2022 to $8.02 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The silicone elastomers market size is expected to grow to $10.7 billion in 2027 at a CAGR of 7.5%.
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Major competitors in the Silicone Elastomers Market include 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.
The Silicone Elastomers Market is segmented -
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 User
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Silicone Elastomers Market.
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The silicone elastomers are used for electrical insulation as sheet, tape, wire and cable coverings, extruded sleeving and moldings, 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.
The Table Of Content For The Silicone Elastomers Market Include:
1. Executive Summary
2. Silicone Elastomers Market Characteristics
3. Silicone Elastomers Market Trends And Strategies
4. Silicone Elastomers Market - Macro Economic Scenario
5. Silicone Elastomers Market Size And Growth
……
27. Silicone Elastomers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Silicone Elastomers Market
29. Silicone Elastomers Market Future Outlook and Potential Analysis
30. Appendix
The "Global Silicone Elastomers Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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