Lucintel Forecasts the Global Silicone Elastomer Market to Reach $14.8 billion by 2030
Lucintel Forecasts the Global Silicone Elastomer Market to Reach $14.8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global silicone elastomer market looks promising with opportunities in the electrical & electronics, automotive & transportation, industrial machinery, consumer goods, and construction markets. The global silicone elastomer market is expected to reach an estimated $14.8 billion by 2030 from $9.8 billion in 2024, at a CAGR of 7.2% from 2024 to 2030. The major drivers for this market are growing demand from the construction and healthcare industries and advancement in technology influencing product offerings with favorable chemical and mechanical properties.
A more than 150-page report to understand trends, opportunity and forecast in silicone elastomer market to 2030 by product (high-temperature vulcanize, room-temperature vulcanize, and liquid silicone rubber), application (electrical & electronics, automotive & transportation, industrial machinery, consumer goods, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product category, liquid silicone rubber segment will remain the largest segment over the forecast period due to increasing demand in key end-use sectors, particularly in emerging regions.
Within the application category, construction will remain the largest segment.
Download sample by clicking on silicone elastomer market
In terms of regions, APAC will remain the largest region over the forecast period due to rapid urbanization and industrialization in the region.
China National Bluestar, Dow Corning, KCC, MESGO, Momentive Performance Materials, Shin-Etsu Chemical, Reiss Manufacturing, Wacker Chemie, Zhejiang Xinan Chemical Industrial, Stockwell Elastomerics are the major suppliers in the silicone elastomer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
Explore Our Latest Publications
Touchscreen Controller Market
Vein Illumination Technologies Market
Veterinary Service Market
Water Purifier Market
Water Quality Sensor Market