Press release
Silicone Rubber market is projected to reach USD 41.49 billion by 2030 : Cognitive Market Research
Silicone Rubber market is projected to reach USD 41.49 billion by 2030 : Cognitive Market Research
• What is Silicone Rubber?
Silicone rubber is an elastomer (a type of polymer) made from silicon, hydrogen, oxygen, and carbon. It is known for its unique combination of properties, such as high thermal stability, excellent electrical insulation, resistance to UV light and weathering, low toxicity, and resistance to compression set. These properties make it an ideal material for various applications in industries such as automotive, healthcare, electrical and electronics, construction, and consumer goods. Some of the common uses of silicone rubber include gaskets, seals, o-rings, hoses, medical devices, electronics, and coatings.
Summary:
- The Global Silicone Rubber market size stood at USD 20.31 billion in 2022 and will touch the mark of USD 41.49 billion by 2030. The global market is expected to expand at a CAGR of 9.8% between 2023 and 2030.
"To know more about The Silicone Rubber Market statistics click here: https://www.cognitivemarketresearch.com/silicone-rubber-market-report
Market Dynamics:
• What are the driving factors for the Silicone Rubber market?
Silicone rubber is a type of elastomer made from silicon, hydrogen, oxygen, and carbon, and is known for its unique combination of properties that make it ideal for various applications in industries such as automotive, healthcare, electrical and electronics, construction, and consumer goods.
One of the major driving factors for the silicone rubber market is the increasing demand from various end-use industries. Silicone rubber is used to manufacture products such as gaskets, seals, o-rings, hoses, medical devices, electronics, and coatings, among others, due to its unique properties, including high thermal stability, excellent electrical insulation, and resistance to UV light and weathering.
Another driving factor is the growing need for energy-efficient products.
Silicone Rubber Market Segmentation
Type
• MQ
• PMQ
• PVMQ
• VMQ
Application
• Machinery
• Electric Facility
• Aviation
• Automobile
• Medical Therapy
• Other
Based on applications, the market is segmented into Machinery, Electric Facility, Aviation, Automobile, Medical Therapy, and others. The Automobile segment had the highest market share in the global silicone rubber market. Silicone rubber is widely used in the automotive industry due to its unique combination of properties, such as high-temperature resistance, excellent electrical insulation, and good mechanical properties. Silicone rubber is used to manufacture various automotive components such as gaskets, seals, hoses, and o-rings, which are used in engines, transmissions, and other critical systems.
The Major Players in Silicone Rubber Market are:
Dow Corning, AGC Chemicals, Arkema, BASF, Celanese, Solvay, Saint Gobain, Hitachi, Guangzhou OTT New Materials, Lohas Silicone Rubber, Shenzhen ChinFai Technology, Kanglibang, Minor Rubber, Xingda Group (BOOMGROUP)
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Regional Analysis:
- Which region is dominating the global Silicone Rubber market?
On the basis of region, Asia Pacific is currently dominating the global silicone rubber market. This can be attributed to the increasing demand for silicone rubber from various industries such as automotive, healthcare, electrical and electronics, and construction, among others, in the region. The region is also experiencing rapid industrialization and urbanization, which are driving the demand for silicone rubber in various applications.
China is the largest consumer of silicone rubber in the Asia Pacific region, followed by Japan and India. The region's dominance in the global silicone rubber market is expected to continue in the coming years due to the increasing demand from various end-use industries, favorable government regulations, and growing investments in research and development activities by key players in the region.
Silicone Rubber Industry News
• Momentive Performance Materials Inc Acquired KCC Corporation's silicones business (December 2021)
Momentive Performance Materials Inc., a leading manufacturer of silicones and advanced materials, announced that it had acquired all of the outstanding shares of KCC Corporation's silicone business, which includes a state-of-the-art production facility in South Korea. The acquisition is expected to strengthen Momentive's position in the silicone rubber market.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Silicone Rubber Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Silicone Rubber Market Segmentation
1.5.1 Silicone Rubber Market Regional Fragmentation
1.5.1 Silicone Rubber Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Silicone Rubber Market
Chapter 4 Global Silicone Rubber Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Silicone Rubber Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Silicone Rubber Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Silicone Rubber Market Regional Analysis
Chapter 12 North America Silicone Rubber Market Outlook (2018 - 2030)
Chapter 13 Europe Silicone Rubber Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Silicone Rubber Market Outlook (2018 - 2030)
Chapter 15 Latin America Silicone Rubber Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Silicone Rubber Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more Silicone Rubber Market TOC click here: https://www.cognitivemarketresearch.com/silicone-rubber-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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