Silicone Elastomers Market Size, Industry Analysis By Type (High Temperature Vulcanized, Room Temperature Vulcanized), By End-User Industry (Building And Construction, Electrical And Electronics), By Process (Extrusion, Liquid Injection Molding, Injection Molding) & Region - Forecast By 2033
- PUBLISHED ON
- 2024-02-08
- NO OF PAGES
- 255
- CATEGORY
- Chemicals & Materials
Market Overview
Silicone Elastomers Market is valued at USD 9,400 million in 2022 and is projected to reach a value of USD 16,640 million in 2033 expanding at a CAGR of 7.4% over the forecast period of 2023-2033.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 9,400 Million |
Market Forecast in 2033 | USD 16,640 Million |
CAGR % 2023-2033 | 7.4% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, End use Industry, Process |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Companies covered- Dow Inc. (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co., (China), Reiss Manufacturing Inc. (US), and CHT Germany GmbH (Germany). |
Silicone elastomers are defined as the elastomers that are made with a combination of linear polymers, reinforcing agents, a cross linker and a catalyst. The viscosity and type of the basic straight-chain molecule that is combined with the processing temperature determines the type of elastomer produced, such as, Heat Cured Rubber (HCR), Liquid Silicone Rubber (LSR), and Room Temperature Vulcanization (RTV).
The silicone elastomers can also be reinforced with either mineral fillers that includes, silica, alumina, calcium carbonate, silicone resins, etc. Radical, condensation or addition crosslinking reactions can be used depending on the technology chosen to meet precise processing requirements.
The major factors that have boosted the market growth of silicone elastomers over the forecast period are the superior properties of silicone elastomers, aging population that is boosting the demand from healthcare industry, and the rise in demand for silicone elastomers from electrical & electronics industry. But, the stagnant growth in developed countries has restricted the market growth. Also, the disruption in supply chain has negatively impacted the raw materials prices. The sudden increase in demand from various sector has increased the raw materials and energy prices dramatically.
One of the major factor that has fuelled the market growth is the superior properties of silicone elastomers over the forecast period. This is because of their unique properties that includes, excellent high and low-temperature resistance, electrical insulation, physiological inertness, oil resistance, excellent weather ability, and flame retardance. Because of these unique characteristics, silicone elastomers are widely used to replace petrochemical products in various industries that includes, aerospace, munitions, automobile, construction, electric & electronics, medical, and food processing.
One of the major restrain to the market growth is the stagnant growth in the developed countries of the silicone elastomers market. This is because of the major end-use industries of these elastomers that includes, automotive & transportation, electrical & electronics appliances, and consumer goods have reached maturity. Also, the steady economic growth has also affected the growth of the market in major countries.
Type Insights
The High Temperature Vulcanized type has dominated the market growth over the forecast period. This is because, they have wide application areas because of their excellent properties, including the higher strength of siloxane bond, electrical conductivity, radiation resistance, steam resistance, flame retardance, oil resistance, and extreme temperature resistance.
End Use Insights
The electrical and electronics segment has dominated the market growth over the forecast period.
Process Insights
The extrusion segment has dominated the market growth over the forecast period. This is because in extrusion process, uncured rubber is continuously extruded through a die to form a desired, uniform, cross-sectional size, and also shape before curing. Also, this process generally has high production rates and short lead times and is ideal for tubing rods, larger gaskets, seals, wire insulation, and preforms for compression molding.
Regional Insights
The Global silicone elastomers market is segmented in to 5 main regions namely, North America, Europe, Asia Pacific, South America, Middle East and Africa. Among these, Europe has dominated the market growth over the forecast period. This is because of the trend of reducing vehicle weight in order to increase fuel efficiency in this region.
Competitive Analysis
Some of the prominent companies operating in the market are Dow Inc. (US), Wacker Chemie AG (Germany), Momentive Performance Materials Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co., (China), Reiss Manufacturing Inc. (US), and CHT Germany GmbH (Germany).
Market Segmental Analysis
Based On Type:
• High Temperature Vulcanized
• Room Temperature Vulcanized
• Liquid Silicone Rubber
(Industrial Grade, Food Grade, Medical Grade)
Based On End-Use Industry:
• Building & Construction
• Electrical & Electronics
• Automotive & Transportation
• Healthcare
• Consumer Goods
• Foam
• Others
Based On Process:
• Extrusion
• Liquid Injection Molding
• Injection Molding
• Compression Molding
• Others
1.
Global Silicone Elastomers Market
Introduction and Market Overview
1.1. Objectives
of the Study
1.2. Silicone Elastomers Market Definition & Description
1.3. Global
Silicone Elastomers Market Scope and Market Estimation
1.3.1. Global
Silicone Elastomers Market Size, Revenue (US$ Mn), Market CAGR (%), Market
forecast (2023-2033)
1.3.2. Global
Silicone Elastomers Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033
1.4. Market
Segmentation
1.4.1. Type
of Global Silicone Elastomers Market
1.4.2. End-Use
Industry of Global Silicone Elastomers Market
1.4.3. Process
Process of Global Silicone Elastomers Market
1.4.4. Region of Global Silicone Elastomers Market
2.
Executive
Summary
2.1. Global
Silicone Elastomers Market
Industry Trends under COVID-19 Outbreak
2.1.1. Global
COVID-19 Status Overview
2.1.2. Influence
of COVID-19 Outbreak on Global Silicone
Elastomers Market Industry Development
2.2. Market
Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact
Analysis of Drivers and Restraints
2.3. Pricing
Trends Analysis & Average Selling Prices (ASPs)
2.4. Key
Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s
Five Forces Analysis
2.5.1. Bargaining
Power of Suppliers
2.5.2. Bargaining
Power of Buyers
2.5.3. Threat
of Substitutes
2.5.4. Threat
of New Entrants
2.5.5. Competitive
Rivalry
2.6. Value
Chain / Ecosystem Analysis
2.7. PEST
Analysis
2.8. Russia-Ukraine
War Impacts Analysis
2.9. Economic
Downturn Analysis
2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region
3. Global Silicone Elastomers Market Estimates & Historical Trend Analysis (2020 - 2022)
4.
Global
Silicone Elastomers Market Estimates
& Forecast Trend Analysis, By Type
4.1. Global
Silicone Elastomers Market Revenue (US$ Mn) Estimates and Forecasts, By Type, 2023
to 2033
4.1.1. High
Temperature Vulcanized
4.1.2. Room
Temperature Vulcanized
4.1.3. Liquid Silicone Rubber
5.
Global
Silicone Elastomers Market Estimates
& Forecast Trend Analysis, By End-Use Industry
5.1. Global
Silicone Elastomers Market Revenue (US$ Mn) Estimates and Forecasts, By End-Use
Industry, 2023 to 2033
5.1.1. Building
& Construction
5.1.2. Electrical
& Electronics
5.1.3. Automotive
& Transportation
5.1.4. Healthcare
5.1.5. Consumer
Goods
5.1.6. Foam
5.1.7. Others
6.
Global
Silicone Elastomers Market Estimates
& Forecast Trend Analysis, By Process
6.1. Global
Silicone Elastomers Market Revenue (US$ Mn) Estimates and Forecasts, By Process,
2023 to 2033
6.1.1. Extrusion
6.1.2. Liquid
Injection Molding
6.1.3. Injection
Molding
6.1.4. Compression
Molding
6.1.5. Others
7.
Global
Silicone Elastomers Market Estimates
& Forecast Trend Analysis, By Region
7.1. Global
Silicone Elastomers Market Revenue (US$ Mn) Estimates and Forecasts, By Region,
2023 to 2033
7.1.1. North
America
7.1.2. Europe
7.1.3. Asia
Pacific
7.1.4. Middle
East & Africa
7.1.5. South America
8.
North
America Silicone Elastomers Market:
Estimates & Forecast Trend Analysis
8.1. North
America Silicone Elastomers Market Assessments & Key Findings
8.1.1. North
America Silicone Elastomers Market Introduction
8.1.2. North America
Silicone Elastomers Market Size Estimates and Forecast (US$ Million) (2023 to
2033)
8.1.2.1. Based On Type
8.1.2.2. Based On End-Use Industry
8.1.2.3. Based On Process
8.1.2.4. By
Country
8.1.2.4.1. The
U.S.
8.1.2.4.2. Canada
8.1.2.4.3. Mexico
9.
Europe
Silicone Elastomers Market: Estimates
& Forecast Trend Analysis
9.1. Europe
Silicone Elastomers Market Assessments & Key Findings
9.1.1. Europe
Silicone Elastomers Market Introduction
9.1.2. Europe
Silicone Elastomers Market Size Estimates and Forecast (US$ Million) (2023 to
2033)
9.1.2.1. Based On Type
9.1.2.2. Based On End-Use Industry
9.1.2.3. Based On Process
9.1.2.4. By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. Rest of Europe
10. Asia Pacific Silicone Elastomers Market: Estimates &
Forecast Trend Analysis
10.1. Asia
Pacific Market Assessments & Key Findings
10.1.1. Asia
Pacific Silicone Elastomers Market Introduction
10.1.2. Asia
Pacific Silicone Elastomers Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
10.1.2.1. Based On Type
10.1.2.2. Based On End-Use Industry
10.1.2.3. Based On Process
10.1.2.4. By
Country
10.1.2.4.1.
China
10.1.2.4.2.
Japan
10.1.2.4.3.
India
10.1.2.4.4.
Australia
10.1.2.4.5.
South Korea
10.1.2.4.6.
ASEAN
10.1.2.4.7. Rest of Asia Pacific
11. Middle East & Africa Silicone Elastomers Market: Estimates &
Forecast Trend Analysis
11.1. Middle
East & Africa Market Assessments & Key Findings
11.1.1. Middle
East & Africa Silicone Elastomers
Market Introduction
11.1.2. Middle
East & Africa Silicone Elastomers Market Size Estimates and
Forecast (US$ Million) (2023 to 2033)
11.1.2.1. Based On Type
11.1.2.2. Based On End-Use Industry
11.1.2.3. Based On Process
11.1.2.4. By
Country
11.1.2.4.1. U.A.E.
11.1.2.4.2. Saudi
Arabia
11.1.2.4.3. Egypt
11.1.2.4.4. South
Africa
11.1.2.4.5. Rest of Middle East & Africa
12. South America Silicone Elastomers Market: Estimates &
Forecast Trend Analysis
12.1. South
America Market Assessments & Key Findings
12.1.1. South
America Silicone Elastomers Market Introduction
12.1.2. South
America Silicone Elastomers Market Size Estimates and Forecast (US$ Million) (2023
to 2033)
12.1.2.1. Based On Type
12.1.2.2. Based On End-Use Industry
12.1.2.3. Based On Process
12.1.2.4. By
Country
12.1.2.4.1. Brazil
12.1.2.4.2. Argentina
12.1.2.4.3. Colombia
12.1.2.4.4. Rest of South America
13. Competition Landscape
13.1. Global
Silicone Elastomers Market Competition Matrix & Benchmarking, by Leading
Players / Innovators / Emerging Players / New Entrants
13.2. Global Silicone Elastomers Market Concentration & Company Market Shares (%) Analysis, 2022
14. Company Profiles
14.1. Dow Inc. (US)
14.1.1. Company
Overview & Key Stats
14.1.2. Financial
Performance & KPIs
14.1.3. Product
Portfolio
14.1.4. Business
Strategy & Recent Developments
* Similar details would be provided for all the
players mentioned below
14.2. Wacker Chemie AG (Germany)
14.3. Momentive Performance Materials Inc. (US)
14.4. Shin-Etsu Chemical Co.
14.5. China National Bluestar (Group) Co.
14.6. Reiss Manufacturing Inc. (US)
14.7. CHT Germany GmbH (Germany).
14.8. Topcon Group
14.9. Raven Industries
14.10. Others**
15. Research Methodology
15.1. External
Transportations / Databases
15.2. Internal
Proprietary Database
15.3. Primary
Research
15.4. Secondary
Research
15.5. Assumptions
15.6. Limitations
15.7. Report FAQs
16. Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Conclusion
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