Silicone Elastomers Market Outlook, Trends, Size and Growth to 2025

1. Market Overview: Silicone elastomers (polysiloxane), also called as vulcanized silicone-based polymers can be found in different forms such as solids, open-cell foams, closed cell sponges, thermally conductive, and electrically conductive. The significant properties of silicone elastomers like high-temperature resistance, excellent environmental resistance, and low compression set make them perfect for application in different end-use businesses like transportation, electrical and electronics, and healthcare. The global silicone elastomers market was worth USD 6.397 billion in 2020 and is estimated reach USD 8.89 billion in 2025, with a CAGR of 6.77%. Market drivers and restraints: The expansion of the global silicone elastomers market is estimated to be driven by the quickly growing automotive demand across the world. The product is being increasingly employed in automobiles in gaskets, hoses, connector seals, fuel system valves, diaphragms, and others. Rising automobile production, particularly in developing economies such as China, India, and Thailand, is fueling product demand. Moreover, a rising middle-class population together with increasing disposable income has led to an increasing number of car owners in developing markets, which, in turn, is estimated to boost demand for these elastomers during the foreseen period. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/silicone-elastomers-market Report segmented as: By type: high temperature vulcanized (HTV) liquid silicone rubber (LSR) room temperature vulcanized (RTV) others By application: automotive electrical and electronics healthcare energy aerospace others Geographical analysis: Based on geography, the world market has been segregated into North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the highest share

2. of the global silicone elastomers markets in 2017, as a result of the presence of a wide industrial base in developing economies like India, China, and Thailand. Important market players: Some of the major players in the global silicone elastomers market include Momentive (US), Wacker Chemie AG (Germany), DowDuPont (US), Shin-Etsu Chemical Co., Ltd. (Japan), KCC CORPORATION (South Korea), China National Bluestar (Group) Co., Ltd. (China), Reiss Manufacturing, Inc. (US), MESGO S.p.A. (Italy), ALLERGAN (Ireland), Bentec Medical (US), Rogers Corporation (US), and Specialty Silicone Products, Inc. (US). View a sample and decide: https://www.marketdataforecast.com/market-reports/silicone-elastomers-market/request- sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/