IMARC Group, a leading market research company, has recently releases report titled “Silicone Elastomers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global silicone elastomers market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the silicone elastomers market?

What is silicone elastomers?

Silicone elastomers, also called silicone rubbers, are manufactured by combining linear polymers, reinforcing agents, cross-linkers, catalysts, etc. They aid in providing heat and moisture resistance, flame retardancy, weather ability, etc. In addition to this, silicone elastomers offer dielectric properties to insulate and protect electronic equipment. Consequently, they find extensive applications in various sectors, including construction, healthcare, industrial, etc. Presently, silicone elastomers are commonly available in a wide array of forms, including electrically and thermally conductive, open-cell foams, closed-cell sponges, etc.

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What are the growth prospects and trends in the silicone elastomers?

The growing product utilization in the manufacturing of connector seals, turbocharger hoses, spark plug boots, gaskets, silicone wiper blades, ignition cables, etc., is primarily driving the silicone elastomers market. Additionally, the rising adoption of these polymers as coated glass-fiber cloths, tapes, extruded sleeving and moldings, sheet, wire and cable coverings, braided glass sleeving, etc., for electrical insulation is further catalyzing the market growth.

Besides this, the shifting consumer preferences from traditional high oil and fatty alcohol systems towards silicone elastomers to provide soft focus and line-filling properties are acting as significant growth-inducing factors. Moreover, the escalating demand for silicone rubbers to fabricate the electrical systems, engine, interiors, and other body parts of an automobile is also positively influencing the global market. Apart from this, the leading manufacturers are investing in R&D activities to expand their product portfolio, which is anticipated to fuel the silicone elastomers market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• High Temperature Vulcanize (HTV)
• Room Temperature Vulcanize (RTV)
• Liquid Silicone Rubber (LSR)

Breakup by Application:

• Electrical and Electronics
• Automotive and Transportation
• Industrial Machinery
• Consumer Goods
• Construction
• Others

Breakup by Geography:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Bentec Medical
• China National Bluestar (Group) Co. Ltd.
• Dow Inc.
• KCC Corporation
• MESGO SpA (Hexpol AB)
• Momentive Performance Materials Inc.
• Reiss Manufacturing Inc.
• Shin-Etsu Chemical Co. Ltd.
• Specialty Silicone Products Inc. (Heico Corporation)
• Stockwell Elastomerics Inc.
• Wacker Chemie AG.

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