Silicone Elastomers Market Report by Product (High Temperature Vulcanize (HTV), Room Temperature Vulcanize (RTV), Liquid Silicone Rubber (LSR)), Application (Electrical and Electronics, Automotive and Transportation, Industrial Machinery, Consumer Goods, Construction, and Others), and Region 2024-2032

Silicone Elastomers Market Report by Product (High Temperature Vulcanize (HTV), Room Temperature Vulcanize (RTV), Liquid Silicone Rubber (LSR)), Application (Electrical and Electronics, Automotive and Transportation, Industrial Machinery, Consumer Goods, Construction, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3999
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Market Overview 2024-2032:

The global silicone elastomers market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 8.9 Billion
Market Forecast in 2032
US$ 14.3 Billion
Market Growth Rate 2024-2032 5.2%


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.

Global Silicone Elastomers Market Report

Silicone Elastomers Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global silicone elastomers market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.

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 Region:

  • 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
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global silicone elastomers market was valued at US$ 8.9 Billion in 2023.

We expect the global silicone elastomers market to exhibit a CAGR of 5.2% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous production activities for silicone elastomers.

 

The growing automobile sector, along with the rising adoption of silicone elastomers for fabricating the electrical systems, engine, interiors, and other body parts, is primarily driving the global silicone elastomers market.

Based on the product, the global silicone elastomers market has been segregated into High Temperature Vulcanize (HTV), Room Temperature Vulcanize (RTV), and Liquid Silicone Rubber (LSR). Among these, High Temperature Vulcanize (HTV) currently holds the largest market share.

Based on the application, the global silicone elastomers market can be bifurcated into electrical and electronics, automotive and transportation, industrial machinery, consumer goods, construction, and others. Currently, the automotive and transportation sector exhibits a clear dominance in the market.

 

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global silicone elastomers market include 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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Silicone Elastomers Market Report by Product (High Temperature Vulcanize (HTV), Room Temperature Vulcanize (RTV), Liquid Silicone Rubber (LSR)), Application (Electrical and Electronics, Automotive and Transportation, Industrial Machinery, Consumer Goods, Construction, and Others), and Region 2024-2032
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