Reports
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 (2018-2028); 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 2023-2028 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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Silicone Elastomers Market Analysis
8.1 Key Industry Highlights
8.2 Global Silicone Elastomers Historical Market (2018-2022)
8.3 Global Silicone Elastomers Market Forecast (2023-2028)
8.4 Global Silicone Elastomers Market by Product
8.4.1 High Temperature Vulcanise (HTV)
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Room Temperature Vulcanise (RTV)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Liquid Silicone Rubber (LSR)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Silicone Elastomers Market by Application
8.5.1 Electrical and Electronics
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Automotive and Transportation
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Industrial Machinery
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Consumer Goods
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Construction
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Healthcare and Medical Devices
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Silicone Elastomers Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Silicone Elastomers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Silicone Elastomers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Silicone Elastomers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Silicone Elastomers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Silicone Elastomers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The Dow Chemical Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Momentive Performance Materials Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 MESGO S.p.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shin-Etsu Chemical Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Reiss Manufacturing, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Silicone Elastomers Market: Key Industry Highlights, 2018 and 2028
2. Global Silicone Elastomers Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Silicone Elastomers Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Silicone Elastomers Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Silicone Elastomers Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Silicone Elastomers Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Silicone Elastomers Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Silicone Elastomers Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Silicone Elastomers Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028, 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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