Zion Market Research, the market research group announced the analysis report titled ‘Global Silicone Elastomers Market: Size, Trends, Industry Share and Forecast, 2016 – 2024‘
Global Silicone Elastomers Market: Overview
Silicone elastomers are basically silicone-based polymers which can be recovered. They are also known as silicone rubber materials. They are available in the form of pen cell foams and closed cell sponges. They also possess unique ability to retain mechanical properties at diverse temperature ranges that make it suitable for various industrial sectors such as automotive, construction, electronics, and in furniture. They are three-dimensional structure and are majorly crossed linked. In order to enhance the strength of the silicone elastomers, they are added to reinforce fillers such as silica. They include some excellent properties such as high gas and drug permeability, excellent ozone and UV resistance, low flammability, low compression set at high temperatures, easy to fabricate, high thermal conductivity, excellent electrical insulating properties, and exceptional wearability.
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Global Silicone Elastomers Market: Growth Factors
Growing use of the silicone elastomers in the industrial machinery and consumer goods is expected to fuel the silicone elastomers market growth. They offer some beneficial properties, which include low smoke density, broad operating temperature range, low toxicity, high oil & fuel resistance, and flammability thus enhancing the silicone elastomers penetration in the market. Silicone elastomers are extensively used in the electrical systems, interiors, engine, and other body parts of automotive thus expecting to boost the growth of the silicone elastomers market. Escalating use of the silicone elastomer in the applications such as transmission & distribution and healthcare sectors anticipate to open up new growth opportunities. Silicone elastomers are used as adhesives due to its high thermal conductivity. However, the market is facing some challenges due to rising production cost; this may hinder the global silicone elastomers market growth.
Global Silicone Elastomers Market: Segmentation
The global silicone elastomers market is classified on the basis of end-use industry, type, and process. Based on the end-use industry, the market is categorized as electrical & electronics, healthcare, industrial machinery, automotive & transportation, consumer goods, and others. On the basis of type, the silicone elastomers market is segregated into room temperature vulcanized, liquid silicone rubber, and high temperature vulcanized. The process segment is fragmented into compression molding, liquid injection molding, injection molding, extrusion, and others.
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Global Silicone Elastomers Market: Regional Analysis
Asia Pacific is the dominating region for silicone elastomers market. China is the leading consumer of the silicone elastomers which is followed by the North America (U.S.) and Europe. Availability of local suppliers and production facilities is the factor that enhances the overall demand for silicone elastomers in China. Increasing use of silicone elastomers in the aviation sector is projected to propel the global silicone elastomers market growth in the Middle East & Africa.
Global Silicone Elastomers Market: Competitive Players
The prominent players in the global silicone elastomers market include Cabot Corporation, Reiss Manufacturing Incorporated, Dow Corning, Bentec Medical Incorporated, ELMET, and AkzoNobel. Other players influencing the market are Sigmasoft Engineering GmbH., Wacker Chemie AG, Momentive, Allergan, ContiTech AG, Saint-Gobain, Shin-Etsu Chemical Company Limited, Arlon Silicone Technologies, Rogers Corporation, MESGO s.p.A, and Marsh Bellofram.
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Silicone Elastomers Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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