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Silicone Elastomers - Global Strategic Business Report

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    Report

  • 442 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141425
The global market for Silicone Elastomers was valued at an estimated US$8.4 Billion in 2023 and is projected to reach US$14.1 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the silicone elastomers market is driven by several factors. The increasing demand from the automotive and electronics industries is a major driver, as these sectors require durable, high-performance materials for critical components. The healthcare industry's expanding focus on biocompatible and durable materials for medical devices and implants is also boosting market growth.

Additionally, the rise of consumer electronics and the growing need for reliable insulation materials are further propelling demand. Technological innovations, including the development of advanced formulations and manufacturing techniques, are enhancing the capabilities and applications of silicone elastomers, driving their adoption across various industries. Furthermore, regulatory trends emphasizing safety, reliability, and environmental sustainability are encouraging the use of silicone elastomers in new applications, contributing to the market`s expansion.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Liquid Silicone Rubber (LSR) segment, which is expected to reach US$5.7 Billion by 2030 with a CAGR of a 8.8%. The High-Temperature Vulcanized (HTV) segment is also set to grow at 7.2% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.6 Billion in 2023, and China, forecasted to grow at an impressive 9.3% CAGR to reach $3.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Silicone Elastomers Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Silicone Elastomers Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Silicone Elastomers Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as CHT Germany GmbH, Dow, Inc., DuPont de Nemours Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 64 Featured):

  • CHT Germany GmbH
  • Dow, Inc.
  • DuPont de Nemours Inc.
  • Elkem ASA
  • HEXPOL AB
  • Momentive Performance Materials Inc.
  • Reiss Manufacturing, Inc.
  • Shin-Etsu Chemical Co., Ltd.
  • Stockwell Elastomerics, Inc.
  • Wacker Chemie AG

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Global Inflation Rates (In %) for the Years 2019 through 2024
  • Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Pandemic Hinders Silicone Market Growth: Vendors See New Growth Opportunities Emerging
  • Competitive Scenario
  • Players Bet on Organic & Inorganic Strategies to Cement Position in Silicone Elastomers Market
  • Select Innovations & Advancements
  • Silicone Elastomers - Global Key Competitors Percentage Market Share in 2024 (E)
  • Silicone Elastomers Competitor Market Share Scenario Worldwide (in %): 2022E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Global Market Prospects & Outlook
  • Stringent Regulatory and Clinical Policies Pose the Risk of Restricting Market Growth
  • Analysis by Type
  • Analysis by End-Use
  • Regional Analysis
  • An Insight into Silicone Elastomers
  • Silicone Rubber: An Elastomer of Choice for Myriad Applications
  • Silicone: A Complimentary Review
  • Properties of Silicone
  • Key Silicone Features & Main Applications
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Technological Advances Expanding Usage of Silicone Elastomers Across Industries
  • Silicone Elastomers Display Amazing Radiance for Fluorescence Applications
  • Promising Synthesis Approach for Fluorescent Silicone Elastomers
  • UV-Curable Silicone Extrusion: Future Prospects
  • Nanotechnology Integration Enabling Businesses in Addressing Evolving Industry Requirements
  • Additive Manufacturing Aiding in Expanding Silicone Elastomer Applications
  • Smart Manufacturing and Industry 4.0 Transforming Production Landscape
  • A Recovering Construction Industry Bodes Well for the Silicone Elastomers Market
  • Global Construction Spending (in US$ Trillion) for the Years 2020, 2022, 2024, 2026 and 2028
  • Silicone Elastomers Market Moves Forward with Expansion of Construction Sector
  • Construction Industry Dynamics Shape Demand Trends in Silicone Elastomers Market
  • Global Construction Growth Contribution by Country for the Period 2020-2030
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Encouraging Outlook for Automobile Production Despite Disruptions, Bodes Well for the Growth of Automotive Grade Silicone Elastomers
  • World Automobile Production in Million Units: 2008-2022
  • Rubber, the Unsung Hero of Automotive Innovation
  • Silicone Rubber for the Automotive Industry Rises in Prominence
  • Stricter Emission & Safety Regulations and Standards Shift Focus Onto Silicone Elastomer Components
  • Stricter Regulations & Ensuing Focus on Lightweighting & Safety Give Silicone Elastomer Components a Shot in the Arm: Global Market for Automotive Lightweight Materials (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
  • Growing EV Adoption & Production to Benefit the Popularity of Silicone Elastomer Components in EVs
  • Robust Sales of EVs Mean Increased Application Possibilities for Silicone Elastomer Components: Global Sales of EVs (In 000 Units) for Years 2023, 2025 and 2027
  • Growing EV Adoption & Production to Benefit the Popularity of Silicone Elastomer Components in EVs
  • Robust Sales of EVs Mean Increased Application Possibilities for Silicone Elastomer Components: Global Sales of EVs (In 000 Units) for Years 2023, 2025 and 2027
  • World Electric Vehicle Polymers Market by Type (2021 & 2027): Percentage Breakdown of Sales for Engineering Plastics, and Elastomers
  • Silicone Elastomers Gaining Popularity in Several Electric Vehicle Applications
  • How Silicone Elastomers are Assisting Sprint to New Era of E-Mobility?
  • Silicone Elastomer Technology for E-Mobility
  • 3D Printing of Rubber Parts Rises in Prominence
  • Self-Healing Elastomers: Adding Momentum to Sustainable Rubber Trend
  • With Transport Emissions Continuing to Increase, Pressure Builds on the Automotive Industry for Charting a Roadmap for Achieving Sustainability: Carbon Footprint Forecasts for the Global Transport Industry (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 2040, 2045 & 2050
  • Increasing White Goods and Electronic Components Manufacture Spurs Demand in the Electronics Sector
  • Consumer Goods Industry Drives Demand for Silicone
  • Silicone Elastomers Market in Healthy Shape with Government Spending in Medical & Healthcare Sector
  • Consistent Rise in Healthcare Spending Worldwide to Drive Market Opportunities
  • World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
  • Elderly Healthcare Expenditure as a % of GDP in the US, Europe and Japan for 1970, 2010 and 2050
  • Potential Market for Medical Grade Silicone (2023E): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
  • Silicone as Drug-Eluting Matrix-Pros and Cons
  • Rising Demand for Antimicrobial Silicone Elastomers to Drive Market Growth
  • Repercussions of Government Regulations for Silicone Elastomers Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Silicone Elastomers Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Silicone Elastomers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Silicone Elastomers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Silicone Elastomers by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Liquid Silicone Rubber (LSR) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Liquid Silicone Rubber (LSR) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Liquid Silicone Rubber (LSR) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for High-Temperature Vulcanized (HTV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for High-Temperature Vulcanized (HTV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for High-Temperature Vulcanized (HTV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Room-Temperature Vulcanized (RTV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Room-Temperature Vulcanized (RTV) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Room-Temperature Vulcanized (RTV) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Automotive & Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Electrical & Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Electrical & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Consumer Goods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Consumer Goods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Industrial Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Industrial Machinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Industrial Machinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Silicone Elastomers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
  • Silicone Elastomers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPAN
CHINA
  • Silicone Elastomers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Silicone Elastomers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Silicone Elastomers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • CHT Germany GmbH
  • Dow, Inc.
  • DuPont de Nemours Inc.
  • Elkem ASA
  • HEXPOL AB
  • Momentive Performance Materials Inc.
  • Reiss Manufacturing, Inc.
  • Shin-Etsu Chemical Co., Ltd.
  • Stockwell Elastomerics, Inc.
  • Wacker Chemie AG

Table Information