Global Silicone Elastomers Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 6.41% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The major driver of global silicone elastomers market is superior properties of silicone elastomers which includes high thermal conductivity, low flammability, UV resistance, easy to fabricate or process. Also, increasing demand for silicone elastomers from the electrical & electronics industries is estimated to hold the largest share during the forecast period.
However, fluctuating prices of raw materials are estimated to hamper the growth of the global silicone elastomers market over the forecast period. Increasing demand for antimicrobial silicone elastomers from the healthcare sector is expected to create lucrative growth opportunities of players operating in the global silicone elastomers market
On the basis of the end-use industry segment, global Silicone elastomers market are extensively used in the healthcare industry, because of their versatility, low surface tension, biocompatibility, high permeability, and pressure-sensitive properties. The growing aging population, worldwide, along with the rising awareness about health concerns drive the healthcare industry. The use of silicone elastomers in dental and surgical devices, diagnostics and imaging, fluid and drug delivery devices, scar management, laboratory accessories, wound drains and bulbs, dialysis O-rings, and sterilization mats also drive the global silicone elastomers market in the healthcare end-use industry.
Based on the Process segment, Liquid injection molding involves extruding un-vulcanized preform rubber through a cylinder into a closed heated mold. It has a low per-part production price, and high production rates are attainable. The process needs short molding cycles and does not need preform preparation or trimming with the correct mold design. LSR products such as gaskets, O-rings, and over-molded parts are manufactured using the liquid injection molding process. Since a lot of industries are utilizing automated processing techniques nowadays, the liquid injection molding process segment is expected to grow at a higher rate.
In terms of region, the APAC silicone elastomers market can be attributed to the easy availability of cheap labor and raw materials, which have led to significant foreign investments in the region. This, in turn, has led to the growth of various industries in the region, thereby, resulting in an increased demand for global silicone elastomers market from APAC. The growing economy of the countries like China, Indonesia, Taiwan, and India are also attracting increased foreign investments in these countries, thereby, leading to the growth of the global silicone elastomers market in the region.
This report also aims at helping the stakeholders understand the competitive landscape of the market by providing them insights to position their businesses and formulate market strategies. The report is also expected to help the stakeholders understand the pulse of the market and acquire information on the key drivers, challenges, restraints, and opportunities for the global silicone elastomers market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global silicone elastomers market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global silicone elastomers market.
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Scope of the Global Silicone Elastomers Market
Global Silicone Elastomers Market, By Type
• High Temperature Vulcanized
• Liquid Silicone Rubber
• Room Temperature Vulcanized
Global Silicone Elastomers Market, By Process
• Liquid Injection Molding
• Injection Molding
• Compression Molding
Global Silicone Elastomers Market, By End-Use Industry
• Automotive & Transportation
• Electrical & Electronics
• Consumer Goods
• Industrial Machinery
Global Silicone Elastomers Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Silicone Elastomers Market
• Dow Corning Corporation
• Wacker Chemie AG
• Momentive Performance Materials Inc.
• Shin-Etsu Chemical Co., Ltd.
• KCC Corporation
• China National Bluestar (Group) Co., Ltd.
• Reiss Manufacturing Inc.
• Mesgo S.P.A.
• Zhejiang Xinan Chemical Industrial Group Co., Ltd.
• Specialty Silicone Products Inc.
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