Silicone Elastomers Market Report 2026

The silicone elastomers market size has grown strongly in recent years. It will grow from $9.12 billion in 2025 to $9.98 billion in 2026 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to expansion of automotive manufacturing applications, increasing demand for electrical insulation materials, growth of healthcare device production, rising use in industrial machinery, availability of advanced silicone processing techniques.

The silicone elastomers market size is expected to see strong growth in the next few years. It will grow to $14.1 billion in 2030 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to increasing adoption of electric vehicles, rising demand for lightweight and durable materials, expansion of renewable energy infrastructure, growing focus on high-performance polymers, increasing innovation in silicone formulations. Major trends in the forecast period include increasing use of silicone elastomers in ev components, rising demand for high-temperature resistant elastomers, growing adoption in medical and healthcare devices, expansion of advanced molding technologies, enhanced focus on durable electrical insulation materials.

The rapid growth of the automotive industry is expected to drive the silicone elastomers market going forward. Silicone elastomers are versatile polymers used in vehicle components such as engine and gearbox gaskets, powertrain sealing, battery module encapsulation, and vibration-damping parts, playing a key role in ensuring durability, thermal stability, and overall performance of automotive systems. Increasing automotive production and vehicle ownership is boosting demand for high-performance elastomer materials, fueling market growth. For example, in October 2025, Statistics Canada, a Canada-based government agency, reported 1,852,738 new motor vehicle registrations, an 8% increase from 2023, with total registered road vehicles reaching 26.8 million, a 4.2% year-on-year rise. Therefore, the expanding automotive industry is driving the silicone elastomers market.

Major companies in the silicone elastomers market are prioritizing customer experience by developing innovative products, such as elastomer blends, to create visually appealing and effective formulations. A silicone elastomer blend is a composite material that merges silicone elastomers with other polymers or materials to improve specific properties. For example, in April 2023, DuPont de Nemours, Inc., a US-based chemicals company, launched new silicone elastomer blends for topical applications. This new range includes low-cyclosiloxane silicone elastomer and silicone resin blends designed to address the increasing consumer demand for products aimed at various skin conditions. These blends not only enhance the delivery of active pharmaceutical ingredients in topical formulations but also prioritize user experience and comfort. Additionally, they are designed to comply with evolving regulatory standards and support commitments toward achieving the United Nations Sustainable Development Goals, particularly in promoting good health and well-being for all.

In May 2024, Wacker Chemie AG, a chemical company based in Germany, acquired BioMed Sciences Inc. for an undisclosed sum. This strategic acquisition is intended to strengthen WACKER's ability to produce silicone-coated healthcare products, especially within the expanding market for medical devices and wound care solutions. BioMed Sciences Inc. is a US-based medical technology company that specializes in providing silicone elastomeric sheets.

Major companies operating in the silicone elastomers market are Mesgo S.p.A., Momentive Performance Materials Inc., Shin-Etsu Chemical Co., KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd., Specialty Silicone Products, ContiTech AG, Dow Corning Inc., Wacker Chemie AG, Saint-Gobain, Bentec Medical LLC, Zhejiang Xinan Chemical Group Company Limited, Reiss Tech Inc., Cabot Corporation, Shenzhen Inno Silica Co. Ltd., ICM Products Inc., 2D Chemical Ltd., Elkem ASA, Silchem Inc., Novagard Solutions, Quantum Silicones LLC, Accurate Products Co., NuSil Technology LLC, Silteq Limited, Gelest Inc., Hoshine Silicon Industry Co. Ltd., Rogers Corporation, Applied Silicone Corporation.

North America was the largest region in the silicone elastomers market in 2025. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the silicone elastomers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the silicone elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The silicone elastomers market consists of sales of high-consistency rubber and fluorosilcone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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