Silicone Elastomer Market Business Development Strategies 2017-2023 by Major Key Players – ICM Products Group , Elkem AS , KCC Corporation , The Dow Chemical Company , Mesgo

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.

Major Key Players of the Silicone Elastomer Market are:
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)

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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.

Major Types of Silicone Elastomer covered are:
Liquid Silicone Rubber
High Consistency Rubber
Fluorosilicone Rubber

Major Applications of Silicone Elastomer covered are:
Medical Devices
Home Repair & Hardware

Research objectives:-
- To study and analyze the global Silicone Elastomer consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Silicone Elastomer market by identifying its various sub-segments.
- Focuses on the key global Silicone Elastomer manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Silicone Elastomer with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Silicone Elastomer market projections, market sizes, and shares. Moreover, the Silicone Elastomer market report examines the most recent trends, pipeline products and developments in the Silicone Elastomer market. Complete profiles of leading organizations in the market are also mentioned in this report.

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Silicone Elastomer Market Size
2.2 Silicone Elastomer Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Silicone Elastomer Market Size by Manufacturers
3.2 Silicone Elastomer Key Players Head office and Area Served
3.3 Key Players Silicone Elastomer Product/Solution/Service
3.4 Date of Enter into Silicone Elastomer Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Silicone Elastomer Sales by Product
4.2 Global Silicone Elastomer Revenue by Product
4.3 Silicone Elastomer Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Silicone Elastomer Breakdown Data by End User

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In the end, Silicone Elastomer industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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Posted by on Thursday August 22 2019, 5:16 AM EDT. All trademarks acknowledged. Filed under Chemicals, Chemicals & Materials. Comments and Trackbacks closed. Follow responses: RSS 2.0

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