Global Silicone Elastomers Market to 2023
DUBLIN, Oct. 1, 2018 /PRNewswire/ --
The "Silicone Elastomers Market by Type (HTV, LSR, RTV), Process (Extrusion, Liquid Injection, Injection, Compression), End-use Industry (Transportation, Electronics, Healthcare, Consumer Goods, Industrial Machinery), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The silicone elastomers market is projected to grow from USD 6.38 billion in 2018 to USD 8.81 billion by 2023, at a CAGR of 6.7% between 2018 and 2023.
The superior properties of silicone elastomers, aging population fueling the demand from the healthcare industry, and high demand for silicone elastomers from the electrical & electronics industry are driving the silicone elastomers market across the globe.
On the basis of type, the HTV segment accounted for the largest share of the silicone elastomers market in 2017, in terms of both volume and value. HTV elastomers are cured at a high temperature, either by means of platinum catalyzation or organic peroxides. The cured rubber is added with reinforcing fillers to give it mechanical strength. HTV silicone rubbers have wide application areas due to their excellent properties such as high strength of siloxane bond, electrical conductivity, radiation resistance, steam resistance, flame retardance, oil resistance, and extreme temperature resistance.
The liquid injection molding process segment of the silicone elastomers market is projected to register the highest CAGR between 2018 and 2023, in terms of both volume and value. Liquid injection molding involves extruding un-vulcanized preform rubber through a cylinder into a closed heated mold. It has low per-part production price, and high production rates are attainable. The process needs short molding cycles and does not need preform preparation or trimming with the correct mold design.
On the basis of end-use industry, automotive & transportation is the largest segment of the silicone elastomers market, in terms of both volume and value. Silicone elastomers are widely used in the automotive & transportation industry for the manufacturing of spark plug boots, connector seals, turbocharger hoses, silicone wiper blades, gaskets, and ignition cables. The use of these elastomers has revolutionized the designing and manufacturing process in the automotive & transportation industry.
The APAC region is the largest consumer of silicone elastomers across the globe. The region is projected to register the highest CAGR during the forecast period, in terms of both volume and value. The growth of the market in the APAC region is due to the easy availability of cheap labor and raw materials in the region.
Moreover, the growing economy of countries such as China, Indonesia, Taiwan, and India is attracting new foreign investments in these countries, thereby, leading to the growth of various industries in this region. However, high capital investments and requirement of a qualified workforce for carrying out operations related to silicone elastomers are expected to restrain the growth of the market in the region.
Dow Corning (US), Wacker Chemie (Germany), Momentive Performance Materials (US), Shin-Etsu (Japan), China National Bluestar Silicones (China), KCC Corporation (South Korea), Reiss Manufacturing (US), Mesgo SpA (Italy), Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China), and Specialty Silicone Products (US) are the key players operating in the silicone elastomers market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in the Silicone Elastomers Market
4.2 Silicone Elastomers Market Size, By Type
4.3 Silicone Elastomers Market Size, By Process
4.4 Silicone Elastomers Market, By End-Use Industry and Key Countries
4.5 Silicone Elastomers Market Size, Developed vs. Developing Countries
4.6 APAC: Silicone Elastomers Market
4.7 Silicone Elastomers Market Attractiveness
5 Market Overview
5.1 Introduction
5.1.1 Advantages of Silicone Elastomers
5.1.2 Disadvantages of Silicone Elastomers
5.1.3 Silicone Elastomers Comparative Analysis
5.2 Market Evolution
5.2.1 Adoption of Silicone Elastomers
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Superior Properties of Silicone Elastomers
5.3.1.2 Aging Population Fueling the Demand From Healthcare Industry
5.3.1.3 High Demand for Silicone Elastomers in Electrical & Electronics Industry
5.3.2 Restraints
5.3.2.1 Stagnant Growth in Developed Countries
5.3.3 Opportunities
5.3.3.1 Antimicrobial Silicone Elastomers for Healthcare Industry
5.3.3.2 Conductive Elastomers for Electrical Applications
5.3.3.3 Highly Transparent Silicone Elastomers for Optical Applications
5.3.3.4 Increasing Demand for Automotive Vehicles
5.3.4 Challenges
5.3.4.1 Fluctuating Raw Material Prices
5.4 Current Trend
5.4.1.1 Shift From HTV to LSR
5.5 Porter's Five Forces Analysis
5.5.1 Threat of Substitutes
5.5.2 Bargaining Power of Buyers
5.5.3 Threat of New Entrants
5.5.4 Bargaining Power of Suppliers
5.5.5 Intensity of Competitive Rivalry
6 Silicone Elastomers Market, By Type
6.1 Introduction
6.2 High Temperature Vulcanized/High Consistency Rubber
6.3 Liquid Silicone Rubber
6.4 Room Temperature Vulcanized
7 Silicone Elastomers Market, By Process
7.1 Introduction
7.2 Extrusion
7.3 Liquid Injection Molding
7.4 Injection Molding
7.5 Compression Molding
7.6 Others
8 Silicone Elastomers Market, By End-Use Industry
8.1 Introduction
8.2 Automotive & Transportation
8.3 Electrical & Electronics
8.4 Healthcare
8.5 Consumer Goods
8.6 Industrial Machinery
8.7 Others
9 Silicone Elastomers Market, By Region
9.1 Introduction
9.1.1 Silicone Elastomers Market, By Type
9.1.2 Silicone Elastomers Market, By Process
9.1.3 Silicone Elastomers Market, By End-Use Industry
9.2 APAC
9.2.1 China
9.2.2 Japan
9.2.3 South Korea
9.2.4 India
9.2.5 Taiwan
9.2.6 Indonesia
9.2.7 Malaysia
9.2.8 Thailand
9.2.9 Rest of APAC
9.3 North America
9.3.1 US
9.3.2 Canada
9.3.3 Mexico
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Italy
9.4.5 Spain
9.4.6 Turkey
9.4.7 Rest of Europe
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
9.6 Middle East & Africa
9.6.1 South Africa
9.6.2 Iran
9.6.3 Saudi Arabia
9.6.4 Rest of Middle East & Africa
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking of Key Players
10.3 Competitive Situation & Trends
10.3.1 New Product Launches
10.3.2 Expansions
10.3.3 Partnerships, Agreements & Joint Ventures
10.3.4 Mergers & Acquisitions
11 Company Profiles
11.1 Dow Corning Corporation
11.2 Wacker Chemie AG
11.3 Momentive Performance Materials Inc.
11.4 Shin-Etsu Chemical Co., Ltd.
11.5 KCC Corporation
11.6 China National Bluestar (Group) Co., Ltd.
11.7 Reiss Manufacturing Inc.
11.8 Mesgo S.P.A.
11.9 Zhejiang Xinan Chemical Industrial Group Co., Ltd.
11.10 Specialty Silicone Products Inc.
For more information about this report visit https://www.researchandmarkets.com/research/s3tbgh/global_silicone?w=5
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