DUBLIN, September 19, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Silicone Elastomers Market - Global Forecast to 2021" report to their offering.
The global silicone elastomers market size 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.
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. It is used in engine, electrical system, body, and interiors of automobiles. Increasing applications of silicone elastomers in onsumer appliances, electrical wiring, and electrical equipment in the electricals & electronics end-use industry are also driving the market.
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.
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. The silicone elastomers market is segmented as follows:
On the basis of type:
- High Temperature Vulcanized - Room Temperature Vulcanized - Liquid Silicone Rubber
On the basis of process:
- Extrusion
- Liquid Injection Molding
- Injection Molding
- Compression Molding
- Others (Pultrusion and Calendaring)
On the basis of end-use industry:
- Automotive & Transportation
- Electrical & Electronics
- Healthcare
- Consumer Goods
- Industrial Machinery
- Others (Lifestyle and Construction)
Companies profiled in the report
- 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.)
For more information about this report visit http://www.researchandmarkets.com/research/nsjjlb/silicone
Related Topics: Rubber
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SOURCE Research and Markets
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