The report “Silicone Elastomers Market by type (HTV, RTV, & LSR), & by Application (Automotive, E&E, Industrial Machinery, Consumer Goods & Others) - Global Forecast to 2019” report analyzes the global silicone elastomers market with respect to market drivers, restraints, and opportunities in different regions.
Browse 74 market data tables and 55 figures spread through 128 pages and in-depth TOC on “Silicone Elastomers Market - Global Forecast to 2019"
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The global silicone elastomers market is successfully penetrating the end-user industries. The end products are tailor-made as per the requirements of the end-user industries. The Asia-Pacific region is the fastest-growing segment of the global silicone elastomers market. This growth is mainly attributed by heavy investment across industries, such as automotive, electrical & electronics, healthcare, and consumer goods. The Asia-Pacific and RoW markets are estimated to grow in the next five years while the allied industries are projected to stabilize the overall business need in the respective regions.
R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of silicone elastomers applications to replace natural rubber and other rubbers substitute and match the new demands coming from various types of applications.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Europe. China, India, South Korea, Brazil, and Middle-East are projected to continue being successful Silicone elastomers markets. The key players in this market are Dow Corning Corporation (U.S.), Wacker Chemie A.G. (Germany), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar Group (China), Wynca Group (China), Mesgo S.p.A. (Italy), and Speciality Silicone Products Inc.(U.S.).
The Asia-Pacific (China, India, Japan, South Korea) and RoW regions such as Middle East and Brazil, will host the future global events would supplement the growth of silicone elastomers in different applications.
The silicone elastomers demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, new products launch, expansions, agreements & collaboration and research and developments of the leading global companies.
The current market size of the silicone elastomers in terms of value was estimated to be about $6,641.40 million in 2013 and is projected to reach $10,642.47 million by 2019, growing at a CAGR of 8.22% between 2014 and 2019. The high demand across the industries, such as automotive, electrical & electronics, healthcare and others will increase the overall silicone elastomers consumption.
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