Press release
Silicone Elastomers Market Global Trends 2015 to 2023, Future Growth & Industry Drivers
As per a new report by Global Market Insights Inc., Silicone Elastomers Market size will reach 1,537 kilo tons by 2023. The key factors to drive the growth are rapid urbanization and industrialization, rising population and increased disposable income. Increasing R&D for product development is likely to open new growth avenues in the market. The report covers a comprehensive analysis of the market with a focus on key factors that influence the market including drivers, impediments, challenges and opportunities. Furthermore, it lists the key developments, expansions, new product launch, R&D, agreements & collaboration of the prominent global companies.Global Market Insights has a new study based report titled " Silicone Elastomers Market Size By Product (High Temperature Vulcanized, Room Temperature Vulcanized, Liquid Silicone Rubber), By Application (Electrical & Electronics, Automotive & Transportation, Industrial Machinery, Consumer Goods, Construction, Others), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, South Korea, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2023".
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The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
Silicone elastomer market demand, regarding volume and value, portrays the present and future forecasts by the parallel economic and industry outlook. This analysis covers various feature properties including transparent, lightweight, high resistance and thermal stability which make it a preferred option in a wide range of applications like automotive, electrical & electronics and health care. Construction and infrastructure applications will continue its dominance, with probable growth of 5.3% over the estimated time frame. Electrical and electronic applications volume share is anticipated to witness significant growth and surpass 13.5% shortly. The automotive silicone segment is poised to foresee growth over 24% at a growing CAGR of 5.2% in the next few years.
The Silicone Elastomers Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Silicone Elastomers Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
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3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Silicone Elastomers Market Product Insights
HTV (High Temperature Vulcanize) accounts for the maximum silicon elastomer market share of nearly 60%. This product type is anticipated to remain dominant in the forecast period owing to its application in automotive industry, industrial machinery and at high temperature prone areas.
LSR (Liquid Silicone Rubber) is anticipated to expand at a CAGR of 7.2% in terms of value in the forecast period. LSR is expected to increase its silicone elastomers market share amongst the product type in several years owing to its applications in various end-user industries like consumer goods, automotive, packaging, furniture and toys. RTV (Room Temperature Vulcanize) is the segment that reports the lowest contribution in the silicone elastomers market by product type and is expected to have a revenue of USD 780 Million in 2015. This product is generally used for low temperature applications like making moulds, lens and over-moulding.
5. Silicone Elastomers Market Application Insights
Silicone elastomers market applications include construction, consumer goods, industrial machineries, automotive, electrical & electronics etc. Electrical & electronics industry is anticipated to expand at the highest CAGR of nearly 5.6% in the forecast period. Increasing consumer awareness and advanced versions of electronics devices is expected to boost its demand in near future. The booming construction industry also accounts for a major application sector of silicone elastomers market products as they are used in sealants and structural glazing applications. Construction industry is anticipated to have a silicone elastomers market share of more than 40%.
6. Silicone Elastomers Market Regional Insights
Asia Pacific is the leading region in terms of silicone elastomers market consumption due to the presence of flourishing industries like automotive, electrical & electronics, industrial machinery, and consumer goods. Asia Pacific is gaining attention of many foreign investors to establish industries in this region owing to its business-friendly government policies. Asia Pacific accounts for more than 50% of the global silicone elastomers market share and is expected to remain dominant in the forecast period.
Europe silicone elastomers market is expanding at a rapid pace in the market due to its footprint in automobile market. Moreover, Europe has witnessed a healthy growth in the industrial machinery sector and thus has a market share of more than 20%.
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7. Competitor Profiles
The major manufacturers in the silicone elastomers market are Shin-Etsu Chemical Co.; Ltd, Reiss Manufacturing, Momentive Performance Materials Inc., KCC Corporation, Dow Corning Corporation, Wacker Chemie AG. There are even some companies which have the facility of manufacturing silicone raw materials required for manufacturing of elastomers, such companies are fully integrated in the value chain of silicone elastomers.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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