Silicone Rubber Market Scope
Silicone rubber is a synthetic rubber, inorganic in nature, made via cross-linking of silicone-based polymers in the presence of specific catalysts. Silicone is a durable, flexible elastomer with high temperature resistance, able to withstand temperatures ranging from -150°F to 480°F .It is a used in Automotive Industries, Electrical and Electronic, Medical and Healthcare, Consumer products and Leisure and Others
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Solvay (Belgium), BASF (Germany), Xingda Group (China), Guangzhou OTT New Materials (China), Celanese (Netherland), Saint-Gobain (France), Minor Rubber (Jersey), Arkema (France), AGC Chemicals (Exton) and Shenzhen ChinFai Technology (China) |
CAGR | 12.2% |
The global Silicone Rubber market was found to be fragmented. Major market players in the industry were Silicone Engineering Ltd ., The Dow Chemical Company.Global Silicone Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. Research Analyst at AMA estimates that China Manufacturers will contribute to the maximum growth of Global Silicone Rubber market throughout the predicted period.
Solvay (Belgium), BASF (Germany), Xingda Group (China), Guangzhou OTT New Materials (China), Celanese (Netherland), Saint-Gobain (France), Minor Rubber (Jersey), Arkema (France), AGC Chemicals (Exton) and Shenzhen ChinFai Technology (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Kanglibang (China), Lohas Silicone Rubber (China), Dow Corning (United States) and Hitachi (Japan).
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 the total available market.
Segmentation Overview
The study have segmented the market of Global Silicone Rubber market by Type , by Application (Aerospace, Automotive, Construction, Medical, Food packaging and processing, Electronics and Others) and Region with country level break-up.
On the basis of geography, the market of Silicone Rubber 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2022, Quadion LLC, operating as Minnesota Rubber and Plastics, a prominent supplier of advanced elastomer and thermoplastic solutions for medical, water, and specialty industrial sectors, revealed its purchase of Primasil Silicones Ltd. This U.K.-based company is recognized for its expertise in custom silicone rubber compounding, mixing, and manufacturing, with a focus on the medical, HVAC, and specialty industrial markets.
In March 2021, Dow declared the widespread accessibility of its inaugural low-density liquid silicone rubber designed for injection molding. This product is now accessible to brand owners and formulators in both Europe and North America.
Influencing Trend:
Customization of silicone rubber products based on specific industry requirements and Adoption of liquid silicone rubber in various applications
Market Growth Drivers:
Increasing demand from industries like Automotive, Healthcare,and Electronics and construction and Growing Preference for silicon rubber due to High resistance temperature
Challenges:
Volatility in the global economy affecting overall market growth and Limited availability of high-quality raw materials
Restraints:
Fluctuating raw material prices affecting production costs and Stringent environmental regulations impacting the manufacturing process
Opportunities:
Increasing Demand From the Electronics Industry and Growing Demand From Emerging Economics
Key Target Audience
Manufactures, Stakeholders, Government bodies and Others