The global silicone elastomers market size is expected to reach USD 15.40 billion by 2032, according to a new study by Polaris Market Research. The report “Silicone Elastomers Market Share, Size, Trends, Industry Analysis Report, By Product (High-Temperature Vulcanize, Room-Temperature Vulcanize, and Liquid Silicone Rubber); By Process; By Application; By Region; Segment Forecast, 2024-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing utilization of silicone elastomers in the automotive & transportation industry for the manufacturing of connector seals, turbocharger hoses, silicone wiper blades, ignition cables, and gaskets has changed the conception in the industry along with the increased awareness regarding its beneficial properties, including tear resistance, low surface friction, and self-adhesiveness are prominent factors propelling the market growth. Additionally, increasing R&D initiatives and investments that major players are undertaking to introduce products with more innovative features are further likely to support the market expansion.
For instance, in December 2022, Dow introduced its “SILASTIC SA 994X” rubber series with more sustainable, smarter, and safer technologies for the transportation and mobility industry. It is a comprehensive range of primer-less, & self-lubricating LSRs.
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In recent years, the product has found vast applications in the medical & healthcare sector, especially for fabricating medical devices and device components with relatively low viscosity due to increasing prevalence for health management, life support facilities, developments in medical devices, and high prevention. Thus, with the upsurge in healthcare expenditure, the demand for silicone elastomers will also rise during the forecast period.
Silicone elastomers have been replacing organic elastomers in various rubber applications, as they are reliably applied in the field and have several specific features. Many of the features of silicone elastomers are true technology enablers that can be transformed into various unique benefits for implementing and integrating innovative products and technologies.
Silicone Elastomers Market Report Highlights
Polaris Market Research has segmented the silicone elastomers market report based on product, process, application, and region:
Silicone Elastomers, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Silicone Elastomers, Process Outlook (Revenue - USD Billion, 2019 - 2032)
Silicone Elastomers, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Silicone Elastomers, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
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