Global Silicone Elastomers Market Analysis by Type, End use Industry, Process Region and segments forecast till 2033
The Global 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.
Market Size in 2022
USD 9,400 Million
Market Forecast in 2033
USD 16,640 Million
CAGR % 2023-2033
Production, Consumption, company share, company heatmap, company production capacity, growth factors and more
Type, End use Industry, Process
North America, Europe, APAC, South America and Middle East and Africa
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
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.
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.
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.
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.
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).
Global Silicone Elastomers 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
• Consumer Goods
Based On Process:
• Liquid Injection Molding
• Injection Molding
• Compression Molding
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Silicone Elastomers Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Silicone Elastomers Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Type in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Card Type/Card Type
• Company Share Analysis by Product/Specification
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
2.2.4. 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
5.1.5. Consumer Goods
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
6.1.2. Liquid Injection Molding
6.1.3. Injection Molding
6.1.4. Compression Molding
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
7.1.3. 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)
184.108.40.206. Based On Type
220.127.116.11. Based On End-Use Industry
18.104.22.168. Based On Process
22.214.171.124. By Country
126.96.36.199.1. The U.S.
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)
188.8.131.52. Based On Type
184.108.40.206. Based On End-Use Industry
220.127.116.11. Based On Process
18.104.22.168. By Country
22.214.171.124.7. 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
10.1.2.4.5. South Korea
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)
126.96.36.199. Based On Type
188.8.131.52. Based On End-Use Industry
184.108.40.206. Based On Process
220.127.116.11. By Country
18.104.22.168.2. Saudi Arabia
22.214.171.124.4. South Africa
126.96.36.199.5. 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)
188.8.131.52. Based On Type
184.108.40.206. Based On End-Use Industry
220.127.116.11. Based On Process
18.104.22.168. By Country
22.214.171.124.4. 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
15. Research Methodology
15.1. External Transportations / Databases
15.2. Internal Proprietary Database
15.3. Primary Research
15.4. Secondary Research
15.7. Report FAQs
16. Research Findings & Conclusion
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