World Silicone Elastomer Market - Opportunities and Forecast, 2014 - 2022

  • ID: 3773382
  • Report
  • Region: Global
  • 229 pages
  • Allied Analytics LLP
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The silicone elastomer market was valued at $6,378 million in 2016, and is projected to reach $9,217 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. Silicone elastomer is an elastic material that consists of silicon, carbon, hydrogen, and oxygen along with fillers. It is available in various forms including open cell foams, solids, closed cell sponges, coupled with thermally & electrically conductive elastomers. It is popularly used in cooking, baking & food storage products, undergarments, sportswear, and footwear due to their versatility and ease in shaping as well as manufacturing. Owing to its high dielectric strength, heat stability, and good mechanical strength, it is used in electronics, medical devices, and hardware to develop spark plug boots, ignition cables, door seals, and hoses. In addition, it is used in mold making, electrocasting, pad printing, industrial bonding, and sealing. Silicone elastomers are more efficient and superior than natural rubbers; thus, they can be utilized as a substitute for the latter. Increase in adoption in medical, automotive, and healthcare industries boosts the demand for silicon rubber in the global market. Developments and rise in demand in the automotive industry are expected to provide potential opportunities for expansion.

Change in lifestyle and increased disposable income of consumers in Asia-Pacific and LAMEA have led to growth of consumer electrical & electronics, healthcare, and medical device industries, leading to high market potential for silicone elastomers. Growth in population and rise in urbanization in emerging economies, such as India and China, have accelerated the construction activities and automobile production, thus driving the market growth. However, fluctuation in raw material prices may serve as a significant limitation to this growth. R&D on antimicrobial silicone elastomers and projected growth in automobile industry represent numerus opportunities for the market.

The report segments the global silicone elastomer market based on type, application, and geography. The product segment includes liquid silicone rubber, high consistency rubber, fluorosilicone rubber, and others, which consists of different types of room temperature vulcanized silicone elastomers (RTVs). By application, the market is categorized into automotive, healthcare, electronics, apparel, medical devices, home repair & hardware, construction, and other industries (baby care, cosmetics, optics, food, and more). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific accounted for the largest volume share of the market, owing to emergence of China as the key contributor in the manufacture & consumption of silicone elastomers, and it is expected to maintain its dominance during the forecast period as well.

A recent finding by Carnegie Mellon University team in February 2017 explains the significance of adding a liquid metal to silicone elastomer, which can create a rubbery heatsink, nicknamed as “thubber.” The high thermal conductivity and elasticity of thubber is meant for rapid heat dissipation in wearable computing and soft robotics applications requiring mechanical compliance and stretchable functionality.

Major players profiled in this study are as follows:

ICM Products Group
Elkem AS
KCC Corporation
The Dow Chemical Company
Mesgo S.p.A.
Momentive Performance Materials Inc.
Reiss Manufacturing, Inc.
Shin-Etsu Chemical Co., Ltd.
Specialty Silicone Products Inc.
Wacker Chemie AG (Wacker)

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global silicone elastomer market from 2015 to 2023, in terms of value and volume, which assist in identifying the prevailing opportunities.
Geographically, the market is analyzed based on various regions, such as North America, Europe, Asia-Pacific, and LAMEA, including countries in each region.
Detailed analysis of the market by type facilitates to understand the silicone elastomer types that are currently in use, along with the variant that are expected to gain prominence in the future.
Porter’s Five Forces analysis highlights the potency of buyers & suppliers to offer a competitive advantage to stakeholders to make profit-oriented business decisions and strengthen their supplier & buyer network.
Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

Silicone Elastomer Market Key Segments:

By Type

Liquid Silicone Rubber
High Consistency Rubber
Fluorosilicone Rubber
Others

By Application

Automotive
Healthcare
Electronics
Apparel
Medical Devices
Home Repair & Hardware
Construction
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of the Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of the Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Turkey
Rest of LAMEA

OTHER KEY PLAYERS

Stockwell Elastomerics, Inc.
Innovative Silicones
Universal Rubber Mfg nv
Cauchos Pedro Romero S.L.
Zhongshan Tinhou Plastic Industrial Co., Ltd.
SF Composites
Huzhou Longtong Chemical Co., Ltd.
Hsuan Hau Enterprise Co., Ltd.
Shenzhen Inno Silica Co., Ltd.
HÜBERS
ShenZhen LiYaTe Technology Co., Ltd. (LiYaTe)
Intek Adhesives Ltd.
2D Chemical Ltd.

*The above list of players are not profiled in the report, and can be added as per client interest
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top wining strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in scope in healthcare and medical device applications
3.4.1.2. Upsurge in demand for silicone elastomers in electrical & electronics industry
3.4.1.3. Impact analysis
3.4.2. Restraint
3.4.2.1. Fluctuations in raw material prices
3.4.2.2. Impact analysis
3.4.3. Opportunities
3.4.3.1. Antimicrobial silicone elastomers
3.4.3.2. Increasing demand for automotive vehicles globally
3.4.3.3. Impact analysis
3.5. PATENT ANALYSIS
3.5.1. Patent analysis by year
3.5.2. Patent analysis by region
3.5.3. Patent analysis by company
3.6. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4 SILICONE ELASTOMER MARKET, BY TYPE
4.1. INTRODUCTION
4.1.1. Market size and forecast
4.2. LIQUID SILICONE RUBBER
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.3. HIGH CONSISTENCY RUBBER
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.4. FLUOROSILICONE RUBBER
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.5. OTHERS
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast

CHAPTER 5 SILICONE ELASTOMER MARKET, BY APPLICATION
5.1. INTRODUCTION
5.1.1. Market size and forecast
5.2. AUTOMOTIVE
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.3. HEALTHCARE
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.4. ELECTRONICS
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.5. APPAREL
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.6. MEDICAL DEVICES
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.7. HOME REPAIR & HARDWARE
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
5.8. CONSTRUCTION
5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast
5.9. OTHERS
5.9.1. Key market trends, growth factors, and opportunities
5.9.2. Market size and forecast

CHAPTER 6 SILICONE ELASTOMER MARKET, BY GEOGRAPHY
6.1. INTRODUCTION
6.1.1. Market size and forecast
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast
6.2.4. Mexico
6.2.4.1. Market size and forecast
6.2.5. Canada
6.2.5.1. Market size and forecast
6.3. EUROPE
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. UK
6.3.3.1. Market size and forecast
6.3.4. Germany
6.3.4.1. Market size and forecast
6.3.5. France
6.3.5.1. Market size and forecast
6.3.6. Italy
6.3.6.1. Market size and forecast
6.3.7. Spain
6.3.7.1. Market size and forecast
6.3.8. Rest of Europe
6.3.8.1. Market size and forecast
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. China
6.4.3.1. Market size and forecast
6.4.4. Japan
6.4.4.1. Market size and forecast
6.4.5. India
6.4.5.1. Market size and forecast
6.4.6. Australia
6.4.6.1. Market size and forecast
6.4.7. South Korea
6.4.7.1. Market size and forecast
6.4.8. Rest of Asia-Pacific
6.4.8.1. Market size and forecast
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. Brazil
6.5.3.1. Market size and forecast
6.5.4. South Africa
6.5.4.1. Market size and forecast
6.5.5. KSA
6.5.5.1. Market size and forecast
6.5.6. Turkey
6.5.6.1. Market size and forecast
6.5.7. Rest of the LAMEA
6.5.7.1. Market size and forecast

CHAPTER 7 COMPANY PROFILES
7.1. ELKEM AS
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments, 2015
7.2. ICM PRODUCTS GROUP
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Key strategic moves and developments, 2014
7.3. KCC CORPORATION
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.3.6. Key strategic moves and developments, 2016
7.4. MESGO S.P.A
7.4.1Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments, 2017
7.5. MOMENTIVE PERFORMANCE MATERIALS INC.
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments, 2015-2017
7.6. REISS MANUFACTURING, INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.7. SHIN-ETSU CHEMICAL CO., LTD.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments, 2014-2016
7.8. SPECIALTY SILICONE PRODUCTS, INC
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.9. THE DOW CHEMICAL COMPANY
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments, 2013-2017
7.10. WACKER CHEMIE AG
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments, 2014-2017

List of Tables
Table 1. Global Silicone Elastomer Market Revenue, By Type, 2015-2023 ($Million)
Table 2. Global Silicone Elastomer Market Volume, By Type, 2015-2023 (Kilotons)
Table 3. Liquid Silicone Rubber Market Revenue, By Geography, 2015-2023 ($Million)
Table 4. Liquid Silicone Rubber Market Volume, By Geography, 2015-2023 (Kilotons)
Table 5. High Consistency Rubber Market Revenue, By Geography, 2015-2023 ($Million)
Table 6. High Consistency Rubber Market Volume, By Geography, 2015-2023 (Kilotons)
Table 7. Fluorosilicone Rubber Market Revenue, By Geography, 2015-2023 ($Million)
Table 8. Fluorosilicone Rubber Market Volume, By Geography, 2015-2023 (Kilotons)
Table 9. Other Silicone Elastomers Market Revenue, By Geography, 2015-2023 ($Million)
Table 10. Other Silicone Elastomers Market Volume, By Geography, 2015-2023 (Kilotons)
Table 11. Global Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 12. Global Silicone Elastomer Market Volume, By Application, 2015-2023 (Kilotons)
Table 13. Silicone Elastomer Market Revenue For Automotive Application, By Geography, 2015-2023 ($Million)
Table 14. Silicone Elastomer Market Volume For Automotive Application, By Geography, 2015-2023 (Kilotons)
Table 15. Silicone Elastomer Market Revenue For Healthcare Application, By Geography, 2015-2023 ($Million)
Table 16. Silicone Elastomer Market Volume For Healthcare Application, By Geography, 2015-2023 (Kilotons)
Table 17. Silicone Elastomer Market Revenue For Electronics Application, By Geography, 2015-2023 ($Million)
Table 18. Silicone Elastomer Market Volume For Electronics Application,
Table 19. By Geography, 2015-2023 (Kilotons)
Table 20. Silicone Elastomer Market Revenue For Apparel Application, By Geography, 2015-2023 ($Million)
Table 21. Global Silicone Elastomer Market Volume For Apparel Application, By Geography, 2015-2023 (Kilotons)
Table 22. Silicone Elastomer Market Revenue For Medical Devices Application, By Geography, 2015-2023 ($Million)
Table 23. Silicone Elastomer Market Volume For Medical Devices Application, By Geography, 2015-2023 (Kilotons)
Table 24. Silicone Elastomer Market Revenue For Home Repair & Hardware Application, By Geography, 2015-2023 ($Million)
Table 25. Silicone Elastomer Market Volume For Home Repair & Hardware Application, By Geography, 2015-2023 (Kilotons)
Table 26. Silicone Elastomer Market Revenue For Construction Application, By Geography, 2015-2023 ($Million)
Table 27. Silicone Elastomer Market Volume For Construction Application, By Geography, 2015-2023 (Kilotons)
Table 28. Silicone Elastomer Market Revenue For Other Applications, By Geography, 2015-2023 ($Million)
Table 29. Silicone Elastomer Market Volume For Other Applications, By Geography, 2015-2023 (Kilotons)
Table 30. Silicone Elastomer Market Revenue, By Geography, 2014-2022 ($Million)
Table 31. Silicone Elastomer Market Volume, By Geography, 2015-2023 (Kilotons)
Table 32. North America Silicone Elastomer Market Revenue, By Type, 2015-2023 ($Million)
Table 33. North America Silicone Elastomer Market Volume, By Type, 2015-2023 (Kilotons)
Table 34. North America Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 35. North America Silicone Elastomer Market Volume, By Application, 2015-2023 (Kilotons)
Table 36. U.S. Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 37. Mexico Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 38. Canada Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 39. Europe Silicone Elastomer Market Revenue, By Type, 2015-2023 ($Million)
Table 40. Europe Silicone Elastomer Market Volume, By Type, 2015-2023 (Kilotons)
Table 41. Europe Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 42. Europe Silicone Elastomer Market Volume, By Application, 2015-2023 (Kilotons)
Table 43. UK Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 44. Germany Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 45. France Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 46. Italy Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 47. Spain Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 48. Rest Of Europe Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 49. Asia-Pacific Silicone Elastomer Market Revenue, By Type, 2015-2023 ($Million)
Table 50. Asia-Pacific Silicone Elastomer Market Volume, By Type, 2015-2023 (Kilotons)
Table 51. Asia-Pacific Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 52. Asia-Pacific Silicone Elastomer Market Volume, By Application, 2015-2023 (Kilotons)
Table 53. China Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 54. Japan Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 55. India Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 56. Australia Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 57. South Korea Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 58. Rest Of Asia-Pacific Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 59. Lamea Silicone Elastomer Market Revenue, By Type, 2014-2022 ($Million)
Table 60. Lamea Silicone Elastomer Market Volume, By Type, 2015-2023 (Kilotons)
Table 61. Lamea Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 62. Lamea Silicone Elastomer Market Volume, By Application, 2015-2023 (Kilotons)
Table 63. Brazil Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 64. South Africa Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 65. Ksa Silicone Elastomer Market Revenue, By Application, 2014-2022 ($Million)
Table 66. Turkey Silicone Elastomer Market Revenue, By Application, 2015-2023 ($Million)
Table 67. Rest Of Lamea Silicone Elastomer Market Revenue, By Application, 2014-2022 ($Million)
Table 68. Elkem: Company Snapshot
Table 69. Elkem: Operating Segments
Table 70. Elkem: Product Portfolio
Table 71. Icm: Company Snapshot
Table 72. Icm: Operating Segments
Table 73. Icm: Product Portfolio
Table 74. Kcc: Company Snapshot
Table 75. Kcc: Operating Segments
Table 76. Kcc: Product Portfolio
Table 77. Mesgo: Company Snapshot
Table 78. Mesgo: Operating Segments
Table 79. Mesgo: Product Portfolio
Table 80. Mpm: Company Snapshot
Table 81. Mpm: Operating Segments
Table 82. Mpm: Product Portfolio
Table 83. Reiss: Company Snapshot
Table 84. Reiss: Operating Segments
Table 85. Reiss: Product Portfolio
Table 86. Shin-Etsu: Company Snapshot
Table 87. Shin-Etsu: Operating Segments
Table 88. Shin-Etsu: Product Portfolio
Table 89. Ssp: Company Snapshot
Table 90. Ssp: Operating Segments
Table 91. Ssp: Product Portfolio
Table 92. Dow Chemical: Company Snapshot
Table 93. Dow Chemical: Operating Segments
Table 94. Dow Chemical: Product Portfolio
Table 95. Wacker: Company Snapshot
Table 96. Wacker: Operating Segments
Table 97. Wacker: Product Portfolio

List of Figures
Figure 1. Global Silicone Elastomer Market Segmentation
Figure 2. Global Silicone Elastomer Market, 2014-2023 ($Million)
Figure 3. Silicone Elastomer Market Revenue Share By Geography, 2016 & 2023 (%)
Figure 4. Silicone Elastomers Vs Other Rubbers
Figure 5. Top Investment Pockets, By Application
Figure 6. High Bargaining Power Of Suppliers
Figure 7. Low Bargaining Power Of Buyers
Figure 8. Low Threat Of Substitution
Figure 9. High Threat Of New Entrants
Figure 10. High Competitive Rivalry
Figure 11. Major Driving Factors
Figure 12. Global Population With People Aged 65 Years & Above: 2015, 2030, And 2050
Figure 13. Number Of Healthcare- And Medical Devices-Related Patents, 2012-2016
Figure 14. Electronics Market By Geography, 2012 & 2015
Figure 15. Market Opportunities
Figure 16. Motor Vehicle Production Statistics For Different Countries, 2014-2015
Figure 17. Patent Analysis By Year, 2015-2017
Figure 18. Patent Analysis By Region, 2011-2017 (%)
Figure 19. Patent Analysis By Company, 2012-2016 (%)
Figure 20. Global Silicone Elastomer Market, By Type
Figure 21. Global Silicone Elastomer Market, By Application
Figure 22. Silicone Elastomer Market, Revenue Share, By Geography, 2016
Figure 23. U.S. Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 24. Mexico Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 25. Canada Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 26. UK Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 27. Germany Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 28. France Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 29. Italy Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 30. Spain Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 31. Rest Of Europe Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 32. China Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 33. Japan Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 34. India Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 35. Australia Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 36. South Korea Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 37. Rest Of Asia-Pacific Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 38. Brazil Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 39. South Africa Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 40. Ksa Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 41. Turkey Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 42. Rest Of The Lamea Silicone Elastomer Market, 2015-2023 ($Million/Kilotons)
Figure 43. Elkem: Revenue, 2013-2015 ($Million)
Figure 44. Elkem: Revenue Share By Segment, 2015 (%)
Figure 45. Elkem: Revenue Share By Geography, 2015 (%)
Figure 46. Kcc: Revenue, 2013-2015 ($Million)
Figure 47. Mpm: Revenue, 2014-2016 ($Million)
Figure 48. Mpm: Revenue Share By Segment, 2016(%)
Figure 49. Shin-Etsu: Revenue, 2014-2016 ($Million)
Figure 50. Shin-Etsu: Revenue Share By Segment, 2016 (%)
Figure 51. Shin-Etsu: Revenue Share By Geography, 2016 (%)
Figure 52. Dow Chemical: Revenue, 2014-2016 ($Million)
Figure 53. Dow Chemical: Revenue Share By Segment, 2016 (%)
Figure 54. Dow Chemical: Revenue Share By Geography, 2016 (%)
Figure 55. Wacker: Revenue, 2014-2016 ($Million)
Figure 56. Wacker: Revenue Share By Segment, 2016 (%)
Figure 57. Wacker: Revenue Share By Geography, 2016 (%)
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Silicone Elastomer Market Report, projects that the global market was valued at $6,378 million in 2016, and is projected to reach $9,217 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. The high consistency rubber type held more than half of the global market in 2016.

Silicone elastomers are materials with peculiar characteristics such as fine electrical properties, superior heat & cold resistance, enhanced chemical stability, and flame retardancy. Raw materials for silicone elastomer generally comprise silicones, catalysts, and fillers, coupled with different temperature & pressure based on the required application. The global silicone elastomer market is segmented based on type, application, and geography. The application segment includes industries such as automotive, healthcare, electronics, apparel, medical devices, home repair & hardware, construction, and others (baby care, cosmetics, optics, food, and more).

Emerging applications in medical device & healthcare industries and high demand in electrical & electronics industry is expected to drive the market growth. However, volatility in raw material prices may impede the projected market growth. Increase in demand for antimicrobial silicone elastomers and growth in demand for automotive vehicles employing silicone elastomer are expected to present growth opportunities for various players in the market.

Liquid silicone rubber is expected to grow at the highest CAGR, in terms of revenue, during the analysis period, due to its specific properties such as temperature protection, natural transparency, excellent chemical & oil resistance, increased stability, UV & X-ray protection, and oxidation & light resistance. These rubbers are mainly employed in electronics, automotive, construction, home repair & hardware, and other end uses.

In 2015, the high consistency rubber segment occupied major market, in terms of revenue, with more than half of the share. However, this trend is expected to decline to some extent during the forecast period, owing to wide scale application of liquid silicone rubber in various end-use industries. Silicone elastomers have major applications in automotive and construction industries. Moreover, the automotive application segment accounted for second largest market share in 2015, and is expected to grow at the lucrative CAGR during the forecast period. The others application segment, including baby care, cosmetics, optics, food, and more, is witnessing the highest CAGR attributed to their increased demand in the upcoming period. Asia-Pacific dominates the global silicone elastomer market due to huge production and demand in China. Increase in focus of manufacturers & consumers on improved versions and better compositions of silicone elastomers at lower costs has led to rigorous R&D, thus resulting in many patents published on it in recent years.

Key Findings of the Silicone Elastomer Market

Automotive is anticipated to be the second fastest growing application segment at a lucrative CAGR of around 6.0% from 2017 to 2023, in value terms.
Asia-Pacific is expected to continue to be the dominant shareholder in the future, with more than one-third share of the global silicone elastomer market and highest CAGR, in terms of revenue.
Construction occupied the maximum market share of more than one-fourth share of value in 2016, and is expected to grow at a CAGR of almost 5.0%.
China is the leading country in terms of demand & supply of silicone elastomer material.
Liquid silicone rubber is projected to witness the highest CAGR in revenue terms during the forecast period.

In 2016, Asia-Pacific and LAMEA collectively accounted for almost half market share, registering a significant CAGR and are expected to continue this trend. This is attributed to growth in industries such as construction, automotive, electronics, and home repair & hardware, specifically in China, India, Brazil, and other developing economies. Increase in urbanization & industrialization drives the market growth in Asia-Pacific.

Major companies profiled in the report include ICM Products Group, Elkem AS, KCC Corporation, The Dow Chemical Company, Mesgo S.p.A., Momentive Performance Materials Inc., Reiss Manufacturing, Inc., Shin-Etsu Chemical Co., Ltd., Specialty Silicone Products Inc., and Wacker Chemie AG (Wacker).
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