Silicone Elastomers Market Size, Types and Growth Drivers
The report “Silicone Elastomers Market by Type (HTV, RTV, LSR), By Process (Extrusion, Liquid Injection Molding, Injection Molding), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation) & Region – Global Forecast to 2027” The silicone elastomers market is projected to reach USD 13.5 billion by 2027, at a CAGR of 7.4 %...
Silicone Elastomers Market Trends, Growth, Opportunities and Forecast 2023
The Silicone Elastomers Market size is projected to grow from USD 6.4 billion in 2018 to USD 8.8 billion by 2023, at a CAGR of 6.7%. The demand for silicone elastomers is driven mainly by the high demand from the transportation and electrical & electronics industries. Silicone elastomer is also used in various other industries such as automotive & transportation, healthcare, consumer goods,...
Growing demand for Silicone Market in Asia-Pacific and Middle East & Africa
The global silicone market is estimated at USD 14.20 billion in 2017 and is projected to reach USD 18.87 billion by 2022, at a CAGR of 5.85% between 2017 and 2022. The market is witnessing growth due to the efficient and sustainable properties of silicone which makes it suitable for use in various end-use industries and growing demand for silicone in emerging clusters of Asia Pacific and the Middle...
Key Growth Strategies Adopted in Silicone Elastomers Market
The Key Growth Strategies Adopted by Market Players between 2013 and 2016 to Expand Their Presence and Increase Their Share in the Global Silicone Elastomers Market
The silicone elastomers market is highly consolidated and the top five companies account for a share of more than 85%. Owing to low viscosity and high curing speed of LSR, the manufacturers prefer producing more LSR instead of HTV elastomers....