The global silicone elastomers market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Also known as silicone rubbers, silicone elastomers are made by combining linear polymers, reinforcing agents, cross-linkers, and catalysts. They assist in providing heat and moisture resistance, flame retardancy, and weatherability. They also offer dielectric properties to insulate and protect electronic equipment like high voltage lines. At present, silicone elastomers are widely available in a variety of forms, including electrically and thermally conductive, open-cell foams and closed-cell sponges.
The increasing utilization of silicone elastomers in the automotive sector around the world represents one of the key factors stimulating the growth of the market. These elastomers are employed in the manufacturing of connector seals, spark plug boots, turbocharger hoses, gaskets, silicone wiper blades, and ignition cables. Moreover, they offer low surface friction, thermal and tear resistance, and self-adhesive qualities. As a result, they find extensive application in the construction, healthcare and industrial sectors across the globe. Apart from this, silicone elastomers are used as tape, sheet, wire, cable coverings for electrical insulation. The market is also driven by the rising utilization of silicone elastomers in the personal care and cosmetic industries around the world. They are employed as an alternative to traditional high oil and fatty alcohol systems to provide soft focus and line-filling properties. Furthermore, leading manufacturers are investing in research and development (R&D) activities to expand their product portfolio. This, along with rapid urbanization and industrialization, burgeoning automotive industry, increasing willingness among individuals to undergo plastic surgery for looking presentable, is fueling the market growth. Additionally, the ability of silicone elastomers to be extruded into different shapes and formations is anticipated to impel the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicone elastomers market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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. and Wacker Chemie AG.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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. and Wacker Chemie AG.|
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