The Silicone Elastomers Market is estimated to reach USD 7.94 billion by 2021, at a CAGR of 6.49% between 2016 and 2021. High growth in end-use industries, increasing demand for HTV silicone elastomers, and rising consumption in the developing countries are driving the silicone elastomers market during the forecast period.
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Globally, automotive & transportation is the fastest-growing end-use industry for silicone elastomers, in terms of both volume and value. The demand for silicone elastomers has increased significantly in the automotive & transportation end-use industry over the last decade.
Increasing applications of silicone elastomers in consumer appliances, electrical wiring, and electrical equipment in the electricals & electronics end-use industry are also driving the market.
Key target audience:
- Manufacturers of silicone elastomers
- Manufacturers in end-use industries such as, automotive & transportation, healthcare, and electrical & electronics
- Traders, distributors, and suppliers of silicone elastomers
- Regional manufacturers' associations
- Government and regional agencies and research organizations
Asia-Pacific is the largest and fastest-growing market for silicone elastomers, in terms of both value and volume. High economic growth rate, growing manufacturing industries, low-cost labor, increasing foreign investments, increasing demand from end-use industries, and a global shift in production capacities from the developed economies to the emerging economies are major factors leading to the growth of the silicone elastomers market in this region.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (45%); Tier 2 (35%) and Tier 3 (20%) companies were contacted for interviews.
The interviews were conducted with various key people such as C Level (35%), Directors Level (25%) and other (40%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (35%), Europe (30%), Asia-Pacific (25%), and RoW (10%).
1 Attractive Opportunities in Silicone Elastomers Market
2 Silicone Elastomers Market: End-Use Industry Segments
3 Silicone Elastomers Market in Asia-Pacific
4 Silicone Elastomers Market Attractiveness
5 Silicone Elastomers Market: Developed vs Developing Countries
6 Silicone Elastomers: Life Cycle Analysis, By Region
Various key players profiled in the report include Momentive Performance Materials Inc. (U.S.)Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Shin-Etsu Chemical (Japan)KCC Corporation (South Korea)China National Bluestar Co.
Ltd. (China)Reiss Manufacturing Inc. (U.S.), Messgo S.p.A (Italy), Zhenjian Xinan Chemical Industrial Group Co., Ltd.
(China), Specialty Silicone Products (U.S.)
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
Scope of the report:
The silicone elastomers market has been covered in detail in this report. To provide a complete picture, the current market demand and forecasts have also been included.
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