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Global Silicone Elastomer Market Size, Share & Trends Analysis Report By Product Type (Liquid Silicone Rubber, High Temperature Vulcanized, and Room Temperature Vulcanized), By End-Use, By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 314 Pages
  • April 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5967274
Description Jump to:
The Global Silicone Elastomer Market size is expected to reach $11.2 billion by 2031, rising at a market growth of 6.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 8,139.50 hundred tonnes experiencing a growth of 22.3% (2020-2023).

The growing healthcare sector worldwide presents a significant opportunity for the expansion of this elastomer usage across various medical applications. These elastomers offer unique properties that meet the stringent requirements of the healthcare industry. Consequently, the healthcare segment would acquire nearly, 13% of the total market share by 2030. Also, the Russian healthcare industry would consume 54.56 hundred tonnes of this Elastomer by 2031. These elastomers are extensively used in various medical devices and equipment across multiple healthcare specialties. Surgical implants, such as silicone breast implants and soft tissue fillers, leverage the biocompatibility and durability of these elastomers to achieve desirable aesthetic and functional outcomes.



Silicone elastomers exhibit exceptional temperature resistance, allowing them to withstand high and low temperatures without losing their mechanical properties or performance characteristics. In addition, as consumer preferences evolve, driven by lifestyle changes, health consciousness, and sustainability concerns, the demand for these elastomers in the consumer goods and appliances industry is expected to increase. Hence, these factors will boost the demand for these elastomers in the coming years. Additionally, these elastomers resist environmental elements, including sunlight, precipitation, wind, and temperature variations. This weather resistance ensures that silicone-based sealants, adhesives, and coatings maintain integrity and performance over extended periods, even in harsh outdoor conditions. In addition, these elastomers offer exceptional UV resistance, allowing them to withstand prolonged exposure to ultraviolet (UV) radiation without degradation or discoloration. Thus, owing to these factors, the market will witness enhanced growth in the upcoming years.

However, unlike other elastomers, such as natural or synthetic rubber, these elastomers necessitate specialized equipment and expertise throughout manufacturing. In addition, the complexity of these elastomer manufacturing translates into higher initial investment costs for producers, encompassing a spectrum of expenses that can strain financial resources. Hence, these factors will lead to reduced demand for these elastomers in the coming years.

End-Use Analysis

On the basis of end-use, the market is divided into automotive, healthcare, electronics, apparel, medical devices, home repair & hardware, construction, and others. The automotive segment recorded a 20% revenue share in the market in 2023. In terms of volume, the automotive segment registered a volume of 1,513.78 hundred tonnes in 2023. These elastomers are widely used for sealing and gasketing applications in automotive engines, transmissions, and fluid systems. Their excellent sealing properties, including resistance to extreme temperatures, fluids, and environmental factors, make them ideal for critical sealing applications where reliability and durability are paramount.



Product Type Analysis

Based on product type, the market is segmented into high temperature vulcanized, liquid silicone rubber, and room temperature vulcanized. In 2023, the high temperature vulcanized segment garnered a 30% revenue share in the market. In terms of volume, the high temperature vulcanized segment registered 2,785.28 hundred tonnes in 2023. High-temperature vulcanized elastomers are engineered to withstand elevated temperatures without sacrificing their mechanical properties or integrity. With a continuous operating temperature resistance of -50°C to over 300°C, these elastomers are ideally suited for automotive engine seals, gaskets, and insulation components frequently exposed to high temperatures.

Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured 47% revenue share in the market in 2023. The Asia Pacific region has undergone rapid industrialization and urbanization, increasing demand for these elastomers in various industries such as automotive, electronics, construction, healthcare, and consumer goods. The growing manufacturing sector and infrastructure development projects in nations like China and India drive the demand for these elastomers in applications such as seals, gaskets, insulation, and adhesives.

List of Key Companies Profiled

  • CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
  • Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
  • STOCKWELL ELASTOMERICS, INC.
  • The Dow Chemical Company
  • HEXPOL AB (MESGO S.p.A.)
  • Intek Adhesives Limited
  • Reiss manufacturing, Inc. (Reiss Corporation)
  • Shin-Etsu Chemical Co., Ltd.
  • Specialty Silicone Products, Inc.(HEICO Corporation)
  • Wacker Chemie AG

Market Report Segmentation

By Product Type (Volume, Hundred Tonnes, USD Billion, 2020-31)
  • Liquid Silicone Rubber
  • High Temperature Vulcanized
  • Room Temperature Vulcanized
By End-Use (Volume, Hundred Tonnes, USD Billion, 2020-31)
  • Construction
  • Automotive
  • Apparel
  • Home Repair & Hardware
  • Healthcare
  • Medical Devices
  • Electronics
  • Others
By Geography (Volume, Hundred Tonnes, USD Billion, 2020-31)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Silicone Elastomer Market, by Product Type
1.4.2 Global Silicone Elastomer Market, by End-Use
1.4.3 Global Silicone Elastomer Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Silicone Elastomer Market, by Product Type
4.1 Global Liquid Silicone Rubber Market, by Region
4.2 Global High Temperature Vulcanized Market, by Region
4.3 Global Room Temperature Vulcanized Market, by Region
Chapter 5. Global Silicone Elastomer Market, by End-Use
5.1 Global Construction Market, by Region
5.2 Global Automotive Market, by Region
5.3 Global Apparel Market, by Region
5.4 Global Home Repair & Hardware Market, by Region
5.5 Global Healthcare Market, by Region
5.6 Global Medical Devices Market, by Region
5.7 Global Electronics Market, by Region
5.8 Global Others Market, by Region
Chapter 6. Global Silicone Elastomer Market, by Region
6.1 North America Silicone Elastomer Market
6.1.1 North America Silicone Elastomer Market, by Product Type
6.1.1.1 North America Liquid Silicone Rubber Market, by Country
6.1.1.2 North America High Temperature Vulcanized Market, by Country
6.1.1.3 North America Room Temperature Vulcanized Market, by Country
6.1.2 North America Silicone Elastomer Market, by End-Use
6.1.2.1 North America Construction Market, by Country
6.1.2.2 North America Automotive Market, by Country
6.1.2.3 North America Apparel Market, by Country
6.1.2.4 North America Home Repair & Hardware Market, by Country
6.1.2.5 North America Healthcare Market, by Country
6.1.2.6 North America Medical Devices Market, by Country
6.1.2.7 North America Electronics Market, by Country
6.1.2.8 North America Others Market, by Country
6.1.3 North America Silicone Elastomer Market, by Country
6.1.3.1 US Silicone Elastomer Market
6.1.3.1.1 US Silicone Elastomer Market, by Product Type
6.1.3.1.2 US Silicone Elastomer Market, by End-Use
6.1.3.2 Canada Silicone Elastomer Market
6.1.3.2.1 Canada Silicone Elastomer Market, by Product Type
6.1.3.2.2 Canada Silicone Elastomer Market, by End-Use
6.1.3.3 Mexico Silicone Elastomer Market
6.1.3.3.1 Mexico Silicone Elastomer Market, by Product Type
6.1.3.3.2 Mexico Silicone Elastomer Market, by End-Use
6.1.3.4 Rest of North America Silicone Elastomer Market
6.1.3.4.1 Rest of North America Silicone Elastomer Market, by Product Type
6.1.3.4.2 Rest of North America Silicone Elastomer Market, by End-Use
6.2 Europe Silicone Elastomer Market
6.2.1 Europe Silicone Elastomer Market, by Product Type
6.2.1.1 Europe Liquid Silicone Rubber Market, by Country
6.2.1.2 Europe High Temperature Vulcanized Market, by Country
6.2.1.3 Europe Room Temperature Vulcanized Market, by Country
6.2.2 Europe Silicone Elastomer Market, by End-Use
6.2.2.1 Europe Construction Market, by Country
6.2.2.2 Europe Automotive Market, by Country
6.2.2.3 Europe Apparel Market, by Country
6.2.2.4 Europe Home Repair & Hardware Market, by Country
6.2.2.5 Europe Healthcare Market, by Country
6.2.2.6 Europe Medical Devices Market, by Country
6.2.2.7 Europe Electronics Market, by Country
6.2.2.8 Europe Others Market, by Country
6.2.3 Europe Silicone Elastomer Market, by Country
6.2.3.1 Germany Silicone Elastomer Market
6.2.3.1.1 Germany Silicone Elastomer Market, by Product Type
6.2.3.1.2 Germany Silicone Elastomer Market, by End-Use
6.2.3.2 UK Silicone Elastomer Market
6.2.3.2.1 UK Silicone Elastomer Market, by Product Type
6.2.3.2.2 UK Silicone Elastomer Market, by End-Use
6.2.3.3 France Silicone Elastomer Market
6.2.3.3.1 France Silicone Elastomer Market, by Product Type
6.2.3.3.2 France Silicone Elastomer Market, by End-Use
6.2.3.4 Russia Silicone Elastomer Market
6.2.3.4.1 Russia Silicone Elastomer Market, by Product Type
6.2.3.4.2 Russia Silicone Elastomer Market, by End-Use
6.2.3.5 Spain Silicone Elastomer Market
6.2.3.5.1 Spain Silicone Elastomer Market, by Product Type
6.2.3.5.2 Spain Silicone Elastomer Market, by End-Use
6.2.3.6 Italy Silicone Elastomer Market
6.2.3.6.1 Italy Silicone Elastomer Market, by Product Type
6.2.3.6.2 Italy Silicone Elastomer Market, by End-Use
6.2.3.7 Rest of Europe Silicone Elastomer Market
6.2.3.7.1 Rest of Europe Silicone Elastomer Market, by Product Type
6.2.3.7.2 Rest of Europe Silicone Elastomer Market, by End-Use
6.3 Asia Pacific Silicone Elastomer Market
6.3.1 Asia Pacific Silicone Elastomer Market, by Product Type
6.3.1.1 Asia Pacific Liquid Silicone Rubber Market, by Country
6.3.1.2 Asia Pacific High Temperature Vulcanized Market, by Country
6.3.1.3 Asia Pacific Room Temperature Vulcanized Market, by Country
6.3.2 Asia Pacific Silicone Elastomer Market, by End-Use
6.3.2.1 Asia Pacific Construction Market, by Country
6.3.2.2 Asia Pacific Automotive Market, by Country
6.3.2.3 Asia Pacific Apparel Market, by Country
6.3.2.4 Asia Pacific Home Repair & Hardware Market, by Country
6.3.2.5 Asia Pacific Healthcare Market, by Country
6.3.2.6 Asia Pacific Medical Devices Market, by Country
6.3.2.7 Asia Pacific Electronics Market, by Country
6.3.2.8 Asia Pacific Others Market, by Country
6.3.3 Asia Pacific Silicone Elastomer Market, by Country
6.3.3.1 China Silicone Elastomer Market
6.3.3.1.1 China Silicone Elastomer Market, by Product Type
6.3.3.1.2 China Silicone Elastomer Market, by End-Use
6.3.3.2 Japan Silicone Elastomer Market
6.3.3.2.1 Japan Silicone Elastomer Market, by Product Type
6.3.3.2.2 Japan Silicone Elastomer Market, by End-Use
6.3.3.3 India Silicone Elastomer Market
6.3.3.3.1 India Silicone Elastomer Market, by Product Type
6.3.3.3.2 India Silicone Elastomer Market, by End-Use
6.3.3.4 South Korea Silicone Elastomer Market
6.3.3.4.1 South Korea Silicone Elastomer Market, by Product Type
6.3.3.4.2 South Korea Silicone Elastomer Market, by End-Use
6.3.3.5 Singapore Silicone Elastomer Market
6.3.3.5.1 Singapore Silicone Elastomer Market, by Product Type
6.3.3.5.2 Singapore Silicone Elastomer Market, by End-Use
6.3.3.6 Malaysia Silicone Elastomer Market
6.3.3.6.1 Malaysia Silicone Elastomer Market, by Product Type
6.3.3.6.2 Malaysia Silicone Elastomer Market, by End-Use
6.3.3.7 Rest of Asia Pacific Silicone Elastomer Market
6.3.3.7.1 Rest of Asia Pacific Silicone Elastomer Market, by Product Type
6.3.3.7.2 Rest of Asia Pacific Silicone Elastomer Market, by End-Use
6.4 LAMEA Silicone Elastomer Market
6.4.1 LAMEA Silicone Elastomer Market, by Product Type
6.4.1.1 LAMEA Liquid Silicone Rubber Market, by Country
6.4.1.2 LAMEA High Temperature Vulcanized Market, by Country
6.4.1.3 LAMEA Room Temperature Vulcanized Market, by Country
6.4.2 LAMEA Silicone Elastomer Market, by End-Use
6.4.2.1 LAMEA Construction Market, by Country
6.4.2.2 LAMEA Automotive Market, by Country
6.4.2.3 LAMEA Apparel Market, by Country
6.4.2.4 LAMEA Home Repair & Hardware Market, by Country
6.4.2.5 LAMEA Healthcare Market, by Country
6.4.2.6 LAMEA Medical Devices Market, by Country
6.4.2.7 LAMEA Electronics Market, by Country
6.4.2.8 LAMEA Others Market, by Country
6.4.3 LAMEA Silicone Elastomer Market, by Country
6.4.3.1 Brazil Silicone Elastomer Market
6.4.3.1.1 Brazil Silicone Elastomer Market, by Product Type
6.4.3.1.2 Brazil Silicone Elastomer Market, by End-Use
6.4.3.2 Argentina Silicone Elastomer Market
6.4.3.2.1 Argentina Silicone Elastomer Market, by Product Type
6.4.3.2.2 Argentina Silicone Elastomer Market, by End-Use
6.4.3.3 UAE Silicone Elastomer Market
6.4.3.3.1 UAE Silicone Elastomer Market, by Product Type
6.4.3.3.2 UAE Silicone Elastomer Market, by End-Use
6.4.3.4 Saudi Arabia Silicone Elastomer Market
6.4.3.4.1 Saudi Arabia Silicone Elastomer Market, by Product Type
6.4.3.4.2 Saudi Arabia Silicone Elastomer Market, by End-Use
6.4.3.5 South Africa Silicone Elastomer Market
6.4.3.5.1 South Africa Silicone Elastomer Market, by Product Type
6.4.3.5.2 South Africa Silicone Elastomer Market, by End-Use
6.4.3.6 Nigeria Silicone Elastomer Market
6.4.3.6.1 Nigeria Silicone Elastomer Market, by Product Type
6.4.3.6.2 Nigeria Silicone Elastomer Market, by End-Use
6.4.3.7 Rest of LAMEA Silicone Elastomer Market
6.4.3.7.1 Rest of LAMEA Silicone Elastomer Market, by Product Type
6.4.3.7.2 Rest of LAMEA Silicone Elastomer Market, by End-Use
Chapter 7. Company Profiles
7.1 HEXPOL AB (MESGO S.p.A.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.2 Intek Adhesives Limited
7.2.1 Company Overview
7.3 Reiss manufacturing, Inc. (Reiss Corporation)
7.3.1 Company Overview
7.4 Specialty Silicone Products, Inc. (HEICO Corporation)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 Recent strategies and developments:
7.6.5.1 Acquisition and Mergers:
7.6.6 SWOT Analysis
7.7 Stockwell Elastomerics, Inc.
7.7.1 Company Overview
7.8 The Dow Chemical Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Wacker Chemie AG
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Shin-Etsu Chemical Co., Ltd.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis
Chapter 8. Winning Imperatives for Silicone Elastomer Market

Companies Mentioned

  • CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
  • Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
  • STOCKWELL ELASTOMERICS, INC.
  • The Dow Chemical Company
  • HEXPOL AB (MESGO S.p.A.)
  • Intek Adhesives Limited
  • Reiss manufacturing, Inc. (Reiss Corporation)
  • Shin-Etsu Chemical Co., Ltd.
  • Specialty Silicone Products, Inc.(HEICO Corporation)
  • Wacker Chemie AG

Methodology

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