The global silicone elastomers market is expected to reach
USD 14.07 billion by 2025, according to a new report by Grand View Research,
Inc. Rising consumption of silicone elastomers in consumer goods and industrial
machinery is anticipated to fuel the market growth.
Beneficial properties of silicone
elastomers including broad operating temperature range, high oil & fuel
resistance, low smoke density, flammability, & toxicity are projected to
enhance the product penetration in the market.
Increasing product use in the
interiors, engine, electrical systems, and other body parts of automotive is
expected to boost the industry demand. Growing application scope of silicone
elastomer products in healthcare and transmission & distribution sectors is
anticipated to augment the market positively.
Silicone elastomers industry is
governed by various regulations that cover the entire life cycle ranging from
production to disposal. For instance, FDA has sanctioned a list of silicon
elastomers additives, which can be used in food applications. Increasing manufacturing
industry and availability of low cost of labor is anticipated to positively
influence the industry growth over the forecast period.
Browse full research report on Silicone Elastomers Market: http://www.grandviewresearch.com/industry-analysis/silicone-elastomers-market
Further key findings from
the report suggest:
- The global silicone elastomers demand was 1.06 kilo
tons in 2015 and is estimated to grow at a CAGR of 5.6% from 2016 to 2025
- High temperature vulcanize is anticipated to grow at
CAGR of 5.5% from 2016 to 2025 owing to its excellent mechanical and
chemical properties
- LSR is estimated to exceed USD 8 million by
2025, owing to its outstanding curing properties, which provides processing
advantage in various applications such as industrial machinery and
consumer goods
- Product demand in Asia Pacific is expected to grow at
a significant rate of 6.6% over the forecast period owing to growing
infrastructure in the region
- Increasing demand for silicone elastomers as gaskets,
O-rings, hoses, ignition cables, exhaust hangers, and fuel system valves
in transportation industry is projected to propel the industry growth
- Business expansions by companies such as China
National Bluestar (Group) Co. Ltd. and Shin-Etsu Silicone Korea is
anticipated to strengthen the market presence over the coming years
- Companies such as China National Bluestar (Group) Co.
Ltd., KCC Corporation, and Momentive Performance Materials Inc. offer
services for consumer goods, automotive, and electrical & electronics
industries
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the silicone elastomers
market on the basis of product, application, and region:
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
- Construction
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Asia
Pacific
- China
- Japan
- India
- South
Korea
- CSA
- Brazil
- MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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