Silicone Elastomers Market – Expected to Reach $13 Billion by 2023 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Silicone
Elastomers – Global Market Outlook (2017-2023)" report has been
added to Research and Markets' offering.

The global Silicone Elastomers market is expected to grow from $8.10
billion in 2016 to reach $13.01 billion by 2023 with a CAGR of 7.0%.

Silicone elastomers are also known as silicone-based polymers which are
widely used in industry, and there are multiple formulations. Also, this
silicone elastomers exists in different forms, such as open cell foams,
closed cell sponges, thermally conductive and solids. Some of the
reasons that are shaping the global market include increasing use of
silicone elastomers in electrical & electronics industry, developing
advancements in technologies, improving demand for silicone elastomers
in consumer goods and industrial machinery, rise in geriatric population
among healthcare industry and escalating demand in aerospace
applications. On the contrary, sluggish growth in emerging countries and
high product costs are some factors that are creating hurdles in market
growth.

By product, high temperature vulcanize (HTV) segment leads the global
market attributed to growing demand in end user industries, particularly
in developing regions is favoring the product growth. Depending on
geography, Europe region is anticipated to grow at a CAGR of more than
6.0% over the forecast period. Among Germany increasing demand in
automotive technological hubs is fuelling the market growth.

Processes Covered:

• Compression Molding
• Extrusion
• Injection Molding
• Liquid Injection Molding
• Others Processes

End Users Covered:

• Healthcare
• Electrical & Electronics
• Industrial Machinery
• Consumer Goods
• Automotive & Transportation
• Other End Users

Products Covered:

• Room Temperature Vulcanized
• Liquid Silicone Rubber
• High Temperature Vulcanized

Companies Mentioned

• DOW Corning Corporation
• China National Bluestar (Group) Co., Ltd.
• KCC Corporation
• Mesgo S.P.A.
• Momentive Performance Materials Inc.
• Reiss Manufacturing Inc.
• Zhejiang Xinan Chemical Industrial Group Co., Ltd.
• Wacker Chemie AG
• Specialty Silicone Products Inc.
• Shin-Etsu Chemical Co., Ltd

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Silicone Elastomers Market, By Process

6. Global Silicone Elastomers Market, By End User

7. Global Silicone Elastomers Market, By Product

8. Global Silicone Elastomers Market, By Geography

9. Key Developments

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/nrzkrt/silicone

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Related
Topics: Rubber