Global Silicone Elastomer Market By Product,Share,Trends,Type and Application 20
Posted by Rohit kadam on November 11th, 2017
Introduction:
Silicone elastomer is a rubber like substance containing silicone along with hydrogen, oxygen and carbon. Silicone elastomer can operate on a temperature range from -55°C to 300°C. Silicone elastomer offers properties such as good mechanical strength, durability, pigmentation, heat stability, flexibility at low temperatures, and sterilization. Silicone elastomer finds its applications in healthcare, construction, sealants, protyping, automotive, electronic adhesives and mold making.
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Market Dynamics:
The Global Silicone Elastomer Market is growing at significant pace owing to the growth in demand from construction, electrical & electronics, healthcare, consumer goods, and industrial machinery industry. Moreover, the increase in demand from emerging economies of Asia-Pacific such as India, China, Malaysia, Taiwan, and Indonesia drives the market for silicone elastomers. Also, the growing demand from lifestyle and automotive also drives the market. However, the market for silicone elastomer is restrained by sensitive prices of raw materials. The market for silicone elastomer faces major challenges owing to the government policies regarding the emission of carbon during the process. Asia-Pacific offers huge growth opportunity for silicone elastomer market. Rapidly increasing construction, automotive, electronics, healthcare and consumer goods industry are likely to drive the market for silicone elastomer.
Market Classification:
The global silicone elastomer market can be segmented based on type, process, end-use industry, and region. High temperature, room temperature and liquid silicone rubber are the major segments for silicone elastomer based on type. Among the above mentioned types of silicone elastomer, liquid silicone rubber dominated the market for silicone elastomer in 2015. The rising demand from transportation industry drives the market for liquid silicone rubber. Extrusion, liquid injection molding, injection molding, and compression molding are the various processes used in silicone elastomer market. The extrusion process was the major revenue contributor to the silicone elastomer market owing to the properties such as short lead time and high production rate offered by the process. Automotive, construction, healthcare, consumer goods, electronics and industrial machinery are the various end-use industries where silicone elastomer is widely used. Construction industry accounted for the largest share of the silicone elastomer market. The demand is attributed to the increased construction spending from the emerging economies of the world. The healthcare industry for silicone elastomer market is also projected to witness significant growth owing to ageing population in Asia-Pacific region.
Regional Overview:
The market for silicone elastomer is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa (MEA). Asia-Pacific was the largest market for silicone elastomers. The major countries driving the market in the region include India, China, South Korea, Malaysia, and Indonesia. The growing construction, consumer goods and healthcare industry is expected to drive the market for silicone elastomer in the coming years. China is projected to be the fastest growing market for silicone during the forecast period. The market for silicone elastomers in North America is likely to witness noteworthy growth owing to the increase in healthcare industry mainly because of the increased cosmetic surgery procedures. The European silicone elastomer market is also projected to grow at a significant rate because of the increased renovation in automotive sector.
Market Participants:
Some of the key players in the global silicone elastomer market include Wacker Chemie AG, Dow Corning Corporation, KCC Corporation, Specialty Silicone Products, Momentive Performance Materials Inc., and Reiss Manufacturing. These companies are focusing on key market strategies such as mergers and acquisitions with local as well as established players. Moreover, companies are also focusing on backward integration, thereby producing elastomer along with the production of silicone.
Market Segmentation
Market by Type
High Temperature Vulcanized
Room Temperature Vulcanized
Liquid Silicone Rubber
Market by Process
Extrusion
Liquid injection molding
Injection molding
Compression molding
Market by End-use Industry
Automotive
Construction
Healthcare
Consumer goods
Electronics
Industrial machinery
Others
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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