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Global Silicone Elastomers Market: By Product: High Temperature Vulcanise (HTV), Room Temperature Vulcanise (RTV), Liquid Silicone Rubber (LSR); By Application: Electrical and Electronics, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Silicone Elastomers Market Outlook

The global silicone elastomers market stood at a value of around USD 11.01 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 6.32% to reach USD 15.91 billion by 2027.

 

The High Temperature Vulcanise (HTV) Segment Based on Product Holds a Significant Share in the Global Silicone Elastomers Industry

The high temperature vulcanise (HTV) segment based on product accounts for a significant share in the market. HTV silicone rubber is used in a diverse range of applications such as automotive and aerospace, electrical engineering, construction, and consumer goods, among others, owing to the favourable properties of the material including high strength of siloxane bond, electrical conductivity, radiation resistance, steam resistance, flame retardance, oil resistance, and great resistance to extremely high temperature.

 

Global Silicone Elastomers Market

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The Asia Pacific Accounts for a Significant Share in the Silicone Elastomers Industry Globally

The silicone elastomers industry in the Asia Pacific is driven by the steady economic growth in countries like Indonesia, India, China, and others, coupled with the thriving manufacturing sector in these countries. For instance, China manufactures a range of economical consumer goods and utility items. Hence, the growing use of silicone rubber by the manufacturers in China owing to the high strength and temperature resistance offered by the material is likely to bolster the market growth.

 

Silicone Elastomers: Market Segmentation

Silicone elastomer, also known as silicone rubber, is defined as a polymer of silicone formed by the crosslinking and treatment with amorphous silica to bolster the strength. It is a synthetic rubber found in many forms such as solids, closed cell sponges, and open cell forms, among others.

Based on product, the market can be segmented into:

  • High Temperature Vulcanise (HTV)
  • Room Temperature Vulcanise (RTV)
  • Liquid Silicone Rubber (LSR)

The major applications of silicone elastomers include:

  • Electrical and Electronics
  • Automotive and Transportation
  • Industrial Machinery
  • Consumer Goods
  • Construction 
  • Healthcare and Medical Devices
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Application in the Construction Industry to Boost the Growth of the Silicone Elastomers Industry

The rising application of silicone elastomers in the construction industry is driving the market growth. Silicone elastomers offer high and low temperature stability, is easy to colour, is chemically resistant, and carries electrical properties. Hence, the growing construction activities across the globe are expected to favour the overall market for silicone elastomers in the forecast period. Moreover, silicone rubber is a crucial component in the manufacturing of medical devices or equipment. Therefore, the thriving healthcare and medical equipment sector in emerging economies is expected to provide a further impetus to the market.

 

Key Industry Players in the Global Silicone Elastomers Market

The report gives a detailed analysis of the following key players in the global silicone elastomers market , covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • The Dow Chemical Company
  • Momentive Performance Materials Inc.
  • MESGO S.p.A.
  • Shin-Etsu Chemical Co., Ltd.
  • Reiss Manufacturing, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product High Temperature Vulcanise (HTV), Room Temperature Vulcanise (RTV), Liquid Silicone Rubber (LSR)
Breakup by Application Electrical and Electronics, Automotive and Transportation, Industrial Machinery, Consumer Goods, Construction, Healthcare and Medical Devices, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered The Dow Chemical Company, Momentive Performance Materials Inc., MESGO S.p.A., Shin-Etsu Chemical Co., Ltd., Reiss Manufacturing, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Silicone Elastomers Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Silicone Elastomers Historical Market (2017-2021) 
    8.3    Global Silicone Elastomers Market Forecast (2022-2027)
    8.4    Global Silicone Elastomers Market by Product
        8.4.1    High Temperature Vulcanise (HTV)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Room Temperature Vulcanise (RTV)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Liquid Silicone Rubber (LSR)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Silicone Elastomers Market by Application
        8.5.1    Electrical and Electronics
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Automotive and Transportation
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Industrial Machinery
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Consumer Goods
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Construction 
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Healthcare and Medical Devices
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        8.5.7    Others
    8.6    Global Silicone Elastomers Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    The Dow Chemical Company
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Momentive Performance Materials Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    MESGO S.p.A.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Shin-Etsu Chemical Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Reiss Manufacturing, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Silicone Elastomers Market: Key Industry Highlights, 2017 and 2027
2.    Global Silicone Elastomers Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Silicone Elastomers Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Silicone Elastomers Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Silicone Elastomers Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Silicone Elastomers Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Silicone Elastomers Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Silicone Elastomers Market Structure

Key Questions Answered in the Report

In 2021, the global silicone elastomers market attained a value of nearly USD 11.01 billion.

The market is estimated to grow at a CAGR of 6.32% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 15.91 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the industry, such as the rising application of silicone elastomers in the automotive and electrical and electronics industries, growing industrialisation and urbanisation, and the increased construction activities, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing research and development activities by the major industry players.

High temperature vulcanise (HTV), room temperature vulcanise (RTV), and liquid silicone rubber (LSR) are the major types of products considered within the market report.

Electrical and electronics, automotive and transportation, industrial machinery, consumer goods, construction, and healthcare and medical devices, among others are the different applications of the product.

The major players in the industry are The Dow Chemical Company, Momentive Performance Materials Inc., MESGO S.p.A., Shin-Etsu Chemical Co., Ltd., and Reiss Manufacturing, Inc., among others.

Analyst Review

The global silicone elastomers market attained a value of 11.01 billion in 2021, driven by the rising application of silicone elastomers in various end use industries including automotive, construction, and electrical and electronics, among others. Aided by the growing research and development activities by the manufacturers, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.32%. The market is projected to reach USD 15.91 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is divided into high temperature vulcanise (HTV), room temperature vulcanise (RTV), and liquid silicone rubber (LSR). The significant applications of the product include electrical and electronics, automotive and transportation, industrial machinery, consumer goods, construction, and healthcare and medical devices, among others. The major regional markets for silicone elastomers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Dow Chemical Company, Momentive Performance Materials Inc., MESGO S.p.A., Shin-Etsu Chemical Co., Ltd., and Reiss Manufacturing, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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