DUBLIN–(BUSINESS WIRE)–The “Silicone Elastomers – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Silicone Elastomers Market to Reach $14.1 Billion by 2030
The global market for Silicone Elastomers estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$14.1 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030. Liquid Silicone Rubber (LSR), one of the segments analyzed in the report, is projected to record a 8.7% CAGR and reach US$5.7 Billion by the end of the analysis period. Growth in the High-Temperature Vulcanized (htv) segment is estimated at 7.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 9.1% CAGR
The Silicone Elastomers market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 6.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 442 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $7.8 Billion |
| Forecasted Market Value (USD) by 2030 | $14.1 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Pandemic Hinders Silicone Market Growth: Vendors See New Growth Opportunities Emerging
- Competitive Scenario
- Players Bet on Organic & Inorganic Strategies to Cement Position in Silicone Elastomers Market
- Select Innovations & Advancements
- Competitive Market Presence – Strong/Active/Niche/Trivial for 64 Players Worldwide in 2023 (E)
- Global Market Prospects & Outlook
- Stringent Regulatory and Clinical Policies Pose the Risk of Restricting Market Growth
- Analysis by Type
- Analysis by End-Use
- Regional Analysis
- An Insight into Silicone Elastomers
- Silicone Rubber: An Elastomer of Choice for Myriad Applications
- Silicone: A Complimentary Review
- Properties of Silicone
- Key Silicone Features & Main Applications
- Recent Market Activity
- Select Global Brands
MARKET TRENDS & DRIVERS
- Technological Advances Expanding Usage of Silicone Elastomers Across Industries
- Silicone Elastomers Display Amazing Radiance for Fluorescence Applications
- Promising Synthesis Approach for Fluorescent Silicone Elastomers
- UV-Curable Silicone Extrusion: Future Prospects
- Nanotechnology Integration Enabling Businesses in Addressing Evolving Industry Requirements
- Additive Manufacturing Aiding in Expanding Silicone Elastomer Applications
- Smart Manufacturing and Industry 4.0 Transforming Production Landscape
- A Recovering Construction Industry Bodes Well for the Silicone Elastomers Market
- Silicone Elastomers Market Moves Forward with Expansion of Construction Sector
- Construction Industry Dynamics Shape Demand Trends in Silicone Elastomers Market
- Encouraging Outlook for Automobile Production Despite Disruptions, Bodes Well for the Growth of Automotive Grade Silicone Elastomers
- Rubber, the Unsung Hero of Automotive Innovation
- Silicone Rubber for the Automotive Industry Rises in Prominence
- Stricter Emission & Safety Regulations and Standards Shift Focus Onto Silicone Elastomer Components
- Growing EV Adoption & Production to Benefit the Popularity of Silicone Elastomer Components in EVs
- Silicone Elastomers Gaining Popularity in Several Electric Vehicle Applications
- How Silicone Elastomers are Assisting Sprint to New Era of E-Mobility?
- Silicone Elastomer Technology for E-Mobility
- 3D Printing of Rubber Parts Rises in Prominence
- Self-Healing Elastomers: Adding Momentum to Sustainable Rubber Trend
- Increasing White Goods and Electronic Components Manufacture Spurs Demand in the Electronics Sector
- Consumer Goods Industry Drives Demand for Silicone
- Silicone Elastomers Market in Healthy Shape with Government Spending in Medical & Healthcare Sector
- Consistent Rise in Healthcare Spending Worldwide to Drive Market Opportunities
- Silicone as Drug-Eluting Matrix-Pros and Cons
- Rising Demand for Antimicrobial Silicone Elastomers to Drive Market Growth
- Repercussions of Government Regulations for Silicone Elastomers Market
FOCUS ON SELECT PLAYERS (Total 64 Featured)
- China National BlueStar (Group) Co., Ltd.
- KCC Corporation
- Mesgo S.p.A.
- Momentive Performance Materials, Inc.
- Reiss Manufacturing Inc.
- Shin-Etsu Chemical Co., Ltd.
- Specialty Silicone Products, Inc.
- Wacker Chemie AG
For more information about this report visit https://www.researchandmarkets.com/r/acg28m
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