Silicone Elastomers Market Scope
Silicone elastomers are polymers of silicone that are produced by treatment and crosslinking with amorphous silica to increase strength. With a wide range of mechanical and chemical properties they have numerous industrial and commercial applications. Silicone elastomers market is expected to grow significantly over the forecasted period due to increasing demand for antimicrobial silicone elastomers and conductive elastomers from the healthcare and electronics industry respectively. Moreover, increasing demand from the automotive industry for ignition cables, vibration-dampers, spark plug boots, and others propelling market growth.
According to AMA, the Global Silicone Elastomers market is expected to see growth rate of 6.1%
Research Analyst at AMA estimates that United States, China Vendors will contribute to the maximum growth of Global Silicone Elastomers market throughout the predicted period.
Dow Corning (United States), Wacker Chemie (Germany), Momentive Performance Materials (United States), Shin-Etsu (Japan), China National Bluestar Silicones (China), KCC Corporation (South Korea), Reiss Manufacturing (United States) and Mesgo SpA (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China) and Specialty Silicone Products (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Silicone Elastomers market by Type (High Temperature Vulcanized (HTV)/High Consistency Rubber (HCR), Liquid Silicone Rubber (LSR) and Room Temperature Vulcanized (RTV)) and Region with country level break-up.
On the basis of geography, the market of Silicone Elastomers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
10th June 2019, Wacker Chemie AG Company engaged in the chemical business expanded silicone production line in China for increasing the global production capacity of high consistency silicone elastomers.
“According to the Food Contact Status and FDA Regulations tube, supplied are manufactured with silicone elastomer which is formulated to meet applicable food contact regulations and recommendations & are in compliance with FDA 21 CFR 177.2600. This includes compliance with subsections 177.2600 (d – h). There are also limitations described in these subsections such as rubber articles intended for use with dry food are so formulated and cured under conditions of good manufacturing practice as to be suitable for repeated use.”
Market Trend
- Increasing Application of Antimicrobial Silicone Elastomers in the Healthcare Industry
- Rising Demand for Conductive Elastomers in Electrical Applications
Market Drivers
- Rise in Scope in Medical Device and Healthcare Applications
- Increasing Demand from the Electrical & Electronics Industry
Opportunities
- Increasing Demand Form Automotive Industry
- Rising Demand from the Developing Economies Such As India, China, Japan, And Others
Restraints
- Volatility in Raw Material Prices
- Stringent Government Regulations Regarding Silicone Elastomers
Challenges
- Stagnant Market Growth in Developed Economies
Analyst View
Silicone elastomers have superior mechanical and chemical properties. Hence, market players in numerous industries including automotive & transportation, electrical & electronics, healthcare, and others are focusing on discovering new applications of silicone elastomers to meet their market demand. Besides, it is expected to open up new market opportunities for the companies engaged in silicone elastomers production.
Key Target Audience
Silicone Elastomers Providers, Government Agencies, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others