Materials & Chemicals Market Research News

Research details developments in the silicone elastomers market worth $13.01 billion by 2023 with a CAGR of 7.0%

Materials & Chemicals Research

The report Global Silicone Elastomers Market provides major statistics on the state of the High Performance Films industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Global Silicone Elastomers Market is expected to grow from $8.10 billion in 2016 to reach $13.01 billion by 2023 with a CAGR of 7.0%. Silicone elastomers are also known as silicone-based polymers which are widely used in industry, and there are multiple formulations.

Also this silicone elastomers are exists in different forms, such as open cell foams, closed cell sponges, thermally conductive and solids. Some of the reasons that are shaping the global market include increasing use of silicone elastomers in electrical & electronics industry, developing advancements in technologies, improving demand for silicone elastomers in consumer goods and industrial machinery, rise in geriatric population among healthcare industry and escalating demand in aerospace applications.

On the contrary, sluggish growth in emerging countries and high product costs are some factors that are creating hurdles in market growth.

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By product, high temperature vulcanize (HTV) segment leads the global market attributed to growing demand in end user industries, particularly in developing regions is favoring the product growth. Depending on geography, Europe region is anticipated to grow at a CAGR of more than 6.0% over the forecast period.

Among Germany increasing demand in automotive technological hubs is fuelling the market growth.

Some of the key players in global Silicone Elastomers market include China National Bluestar (Group) Co., Ltd., DOW Corning Corporation, KCC Corporation, Mesgo S.P.A., Momentive Performance Materials Inc., Reiss Manufacturing Inc., Zhejiang Xinan Chemical Industrial Group Co., Ltd., Wacker Chemie AG, Specialty Silicone Products Inc. and Shin-Etsu Chemical Co., Ltd.

Access the full report @…outlook-2017-2023 .

Processes Covered:
Compression Molding
Injection Molding
Liquid Injection Molding
Others Processes

End Users Covered:
Electrical & Electronics
Industrial Machinery
Consumer Goods
Automotive & Transportation
Other End Users

Products Covered:
Room Temperature Vulcanized
Liquid Silicone Rubber
High Temperature Vulcanized

Regions Covered:
North America
Rest of Europe
Asia Pacific
New Zealand
Rest of Asia Pacific
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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