Press release
Specialty Resins Market Size Forecast: $12.61 Billion by 2029 | Global Outlook
Specialty Resins
What Is the Projected CAGR for the Silicone Elastomers Market from 2024 to 2025?
The market size for silicone elastomers has seen vigorous growth recently. The market's value is expected to rise from $8.53 billion in 2024 to $9.12 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the historical period include application in industries and automobiles, materials for sealing and gaskets, demand for healthcare and medical products, developments in infrastructure and construction, as well as consumer and personal care products.
What are the Expected Market Size and CAGR for Silicone Elastomers by 2029?
In the forthcoming years, the silicone elastomers market is projected to witness robust expansion. The market is forecasted to increase to $12.99 billion by 2029, with a compound annual growth rate (CAGR) of 9.3%. The surge during the forecast period is primarily due to lightweight automotive and electric vehicle components, advancements in medical and wearable devices, sealing solutions for renewable energy, industrial automation and robotics, application of silicone elastomers in 5G infrastructure, and increased consumer usage of silicone in cosmetics. The key trends in the forecast period include the use of liquid silicone rubber (LSR) in 3D printing, the emergence of bio-based and biodegradable silicone elastomers, self-mending and shape-retaining elastomers, conductive and flexible silicone materials, the application of silicone elastomers in soft robotics, and tailor-made silicone formulas for unique applications.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/silicone-elastomers-global-market-report
Which Factors Are Driving the Global Silicone Elastomers Market Expansion?
The escalating development in the automotive and construction sectors is predicted to fuel the expansion of the silicone elastomers market. Construction refers to the process of fitting and assembling project machinery and materials. Silicone elastomers are extensively deployed in the automotive and construction sectors for tasks like engine and gearbox gasketing, power-train sealing, and battery modules. Therefore, the growth in these sectors heightens the requirement for silicone elastomers. For example, as per Statistics Canada, a government entity of Canada, there was a subtle surge in the total count of registered road motor vehicles in Canada in 2022. The number reached 26.3 million, indicating a 0.3% increase relative to the previous year, which equals an added 78,655 units on the roads. For this reason, the accelerated development in the automotive and construction sectors will steer the expansion of the silicone elastomers market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6440&type=smp
Which Segment Currently Holds the Largest Share of the Silicone Elastomers Market?
The silicone elastomers market covered in this report is segmented -
1) By Product: High Temperature Vulcanized, Room Temperature Vulcanizing, Liquid Silicone Rubber
2) By Process: Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Other Process Types
3) By End User: Automotive and Transportation, Electrical and Electronics, Healthcare, Consumer Goods, Industrial Machinery, Other End Users
Subsegments:
1) By High Temperature Vulcanized: Solid HTV, Compounded HTV
2) By Room Temperature Vulcanizing: RTV-1, RTV-2
3) By Liquid Silicone Rubber: High-Consistency LSR, Low-Consistency LSR
Which Major Trends Are Shaping the Future of the Silicone Elastomers Industry?
Major players in the silicone elastomers market are prioritizing customer satisfaction by creating innovative technologies like elastomer blends. These blends, being composite materials, merge silicone elastomers with other constituents to amplify certain attributes. For example, America's chemical giant, DuPont de Nemours, Inc., introduced novel silicone elastomer blends for topical applications in April 2023. They've launched a new line of low-cyclosiloxane silicone elastomer and silicone resin blends to cater for the escalating consumer interest in products aimed at various skin diseases. These blends optimize the transference of active pharmaceutical ingredients in topical forms, all the while valuing the user's experience and convenience. In addition to adhering to the dynamic regulatory demands, these blends also reinforce commitments to achieving the United Nations' Sustainable Development Goals. Their specific focus lies in fostering universal health and wellness.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6440&type=smp
Which Key Players Dominate the Silicone Elastomers Industry Globally?
Major companies operating in the silicone elastomers market include Mesgo SPA, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd., Specialty Silicone Products, ContiTech AG., Dow Corning Inc., Wacker Chemie AG, Allergan Inc., Saint-Gobain, Bentec Medical LLC, Zhejiang Xinan Chemical Group Company Limited, Reiss Tech Inc., Cabot Corporation, Shenzhen Inno Silica Co. Ltd., ICM Products Inc., 2D Chemical Ltd., Elkem ASA, Silchem Inc., Novagard Solutions, Quantum Silicones LLC, Accurate Products Co., Nusil Technology LLC, Silteq Limited, Gelest Inc., Hoshine Silicon Industry Co.Ltd., Rogers Corporation, Air Liquide S.A., Applied Silicone Corporation
What Are the Fastest-Growing Regions in the Silicone Elastomers Market?
North America was the largest region in the silicone elastomers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the silicone elastomers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Specialty Resins Market Size Forecast: $12.61 Billion by 2029 | Global Outlook here
News-ID: 4159904 • Views: …
More Releases from The Business Research Company
Waste Oil Market to Surpass $81.37 Billion by 2029 | Key Trends & Insights
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Waste Oil Market Grow by 2025 in Terms of Size and Growth?
The growth of the waste oil market has been consistent over the recent years. It is projected to increase from $61.61 billion in 2024 to $64.4 billion in 2025, revealing a compound annual growth rate (CAGR) of…
Silicone Elastomers Market Expansion Outlook: $12.99 Billion in 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Silicone Elastomers Market from 2024 to 2025?
The market size for silicone elastomers has seen vigorous growth recently. The market's value is expected to rise from $8.53 billion in 2024 to $9.12 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors…
Future of Recyclable Packaging Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Recyclable Packaging Market by 2025?
The market size for recyclable packaging has seen consistent growth over recent years. It is projected to rise from $31.6 billion in 2024 to $32.72 billion in 2025, maintaining a compound annual growth rate (CAGR) of 3.6%.…
Global Textile Finishing Chemicals Market Worth $11.31 Billion by 2029, Growing …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Textile Finishing Chemicals Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, there has been steady expansion in the textile finishing chemicals market. The market value is anticipated to rise from an approximation of $8.44 billion in 2024 to around $8.81 billion in 2025. This represents…
More Releases for Silicon
Silicon Carbide Ceramics and Silicon Nitride Ceramics
Overview of Silicon Carbide Ceramics [https://www.rbsic-sisic.com/wear-resistant-silicon-carbide-ceramic-tiles-3.html]
Silicon carbide ceramics are a new type of ceramic material made mainly from silicon carbide powder through high-temperature sintering. Silicon carbide ceramics have high hardness, wear resistance, corrosion resistance, and excellent high temperature resistance, with excellent mechanical, thermal, and electrical properties. Silicon carbide ceramics can be divided into compacted sintered silicon carbide ceramics and reaction sintered silicon carbide ceramics due to different firing processes.
Overview of…
High Purity Silicon Metal Market Growth Forecast: Latest Research Unveils Opport …
Global High Purity Silicon Metal Market Overview:
Global High Purity Silicon Metal Market Report 2022 comes with the extensive industry analysis by Introspective Market Research with development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.
This research study of High Purity Silicon Metal involved the extensive usage of both primary and secondary data sources. This…
Future Prospects of Silicon Rings and Silicon Electrodes for Etching Market by …
The Silicon Rings and Silicon Electrodes for Etching Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments and manufacturing technology. This Silicon Rings and Silicon Electrodes for Etching market research report tracks all the…
Silicon Metal Market Global Outlook 2021-2026: Ferroglobe, Mississippi Silicon, …
The Global Silicon Metal Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.
The market…
Global Solar Grade Multi-Crystal Silicon Market Leading Major Players – GCL-Po …
Researchmoz added Most up-to-date research on "Global (United States, European Union and China) Solar Grade Multi-Crystal Silicon Market Research Report 2019-2025" to its huge collection of research reports.
The Solar Grade Multi-Crystal Silicon market report [6 Year Forecast 2019-2025] focuses on Major Leading Industry Players, providing info like company profiles, product type, application and regions, production capacity, ex-factory price, gross margin, revenue, market share and speak to info. Upstream raw materials…
Silicon Metal Market 2018: Top Key Players H.C. Starck, Elkem, Zhejiang Kaihua Y …
Silicon Metal Market Status and Forecast 2025
This Write up presents in detail analysis of Silicon Metal Market especially market drivers, challenges, vital trends, standardization, deployment models, opportunities, future roadmap, manufacturer’s case studies, value chain, organization profiles, Sales Price and Sales Revenue, Sales Market Comparison and strategies.
The Silicon Metal market Report provides a detailed analysis of the Silicon Metal industry. It provides an analysis of the past 5 years and a future forecast till the year…
