Silicone Elastomers Market Status, Share And Growth Factors Impact Analysis till 2025
May 25 , 2021: Global Silicone Elastomers Market is anticipated to grow significantly in the forecast period due to increasing applications of the silicone elastomers in medical and healthcare sector. Silicone elastomers are the gel-like materials that are colorless, odorless and tasteless and widely used in the production of several electrical insulation products. From several properties of silicone elastomers, physiological inertness is the major property since it helps in the application in medical sector. Silicone elastomers is today gaining popularity due to its properties like superior qualities like high performance and versatility.
Silicone elastomer market is majorly driven by growing consumption of the material in electronics industry. Silicone elastomers is extensively used in connector seals, hoses, gaskets, diaphragms, fuel system valves, etc., which again fuels the market growth. Increasing automobile demand from emerging economies and growing spending power from the middle class population is also boosting the market growth. However, silicone elastomers industry is facing restraints by poor corrosion and oil & petroleum resistance properties of the material.
Silicone elastomers market is witnessing trends like increasing use of antimicrobial silicone elastomers, which are used to prevent bacterial growth. Antimicrobial silicone elastomers are used on surfaces to avoid corrosion and other kinds of damage or harm. They are now widely being used in pet food production, beverage manufacturing, medical devices, foodstuff production & processing, and agricultural activities.
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Silicone elastomer industry is categorized on the basis of type, process, application, and geography. On the basis of type, the market is divided into liquid silicone rubber, fluorosilicone rubber, high consistency rubber and others. High consistency rubber segment is expected to lead the market of silicone elastomers owing to its superior properties like brilliant strength, better electrical connectivity, resistance to radiation and extreme temperature resistant.
In terms of process, silicone elastomer market is bifurcated as injection molding, extrusion, compression molding, liquid injection molding and others. Liquid injection molding is projected to hold larger market share of silicone elastomer due to easy usage and growing demand from several end users for automated processing techniques.
Based on application, silicone elastomers industry is divided into healthcare, automotive, home repair & hardware, medical devices, apparel, electronics, construction and others. Automotive segment registers significant market growth of silicone elastomers owing to the explosive demand from the sector.
Geographically, silicone elastomers market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region is predicted to dominate the market of silicone elastomer owing to the huge demand for several applications.
The leading players in silicone elastomer industry include StockwellElastomerics, Inc., ZhongshanTinhou Plastic Industrial Co., Innovative Silicones, HuzhouLongtong Chemical Co., Cauchos Pedro Romero S.L., Ltd., SF Composites, Ltd., Intek Adhesives Ltd., HsuanHau Enterprise Co., Ltd., Universal Rubber Mfgnv, HÜBERS, Ltd. (LiYaTe), Shenzhen Inno Silica Co., Ltd., 2D Chemical Ltd., and ShenZhenLiYaTe Technology Co.
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Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
• High Temperature Vulcanize (HTV)
• Room Temperature Vulcanize (RTV)
• Liquid Silicone Rubber (LSR)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
• Electrical & Electronics
• Automotive & Transportation
• Industrial Machinery
• Consumer Goods
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
• North America
• Asia Pacific
• South Korea
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