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Silicone Elastomers Market sis anticipated to expand at 7.6%CAGR up to 2024

Author : Rahul Varpe | Published Date : 2019-03-27 

Global silicone elastomers market growth is significant and is projected to continue in the next few years owing to the highly growing APAC regions. APAC region is a key hub in silicone elastomers market and can witness good growth over the estimated period. The increased investments in construction together with encouraging prospects will play a pivotal role for the expansion of regional automotive industry. Furthermore, government initiatives with a focus on infrastructure development are likely to prove favorable with promising growth opportunities.

The report comprises of detailed overview and predictive analysis of the market. The industry gets segmented by product, application, region and competitive scenario. Each of these segments is analyzed with a broad perspective to provide a comprehensive analysis of the market.

As per a new report by Global Market Insights Inc., Silicone Elastomers Market size will reach 1,537 kilo tons by 2023. The key factors to drive the growth are rapid urbanization and industrialization, rising population and increased disposable income. Increasing R&D for product development is likely to open new growth avenues in the market.  The report covers a comprehensive analysis of the market with a focus on key factors that influence the market including drivers, impediments, challenges and opportunities. Furthermore, it lists the key developments, expansions, new product launch, R&D, agreements & collaboration of the prominent global companies.

Report Metric                                     Details

Market Size available for years       2016-2023.

Base year considered                       2015

Forecast period                                 2018–2023

Forecast Value                                  12 Bn (USD).

Segments covered                            Product, Application and Region.

Geographies covered                        Asia Pacific, North America, Europe, The Middle East, Africa, and South America.

Companies covered                           Wacker Chemie AG, Dow Corning Corporation, KCC Corporation, Shin-Etsu Chemical Co.; Ltd,

To access a sample copy or view the Silicone Elastomers Market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/industry-analysis/silicone-elastomers-market

Silicone elastomer market demand, regarding volume and value, portrays the present and future forecasts by the parallel economic and industry outlook. This analysis covers various feature properties including transparent, lightweight, high resistance and thermal stability which make it a preferred option in a wide range of applications like automotive, electrical & electronics and health care. Construction and infrastructure applications will continue its dominance, with probable growth of 5.3% over the estimated time frame. Electrical and electronic applications volume share is anticipated to witness significant growth and surpass 13.5% shortly. The automotive silicone segment is poised to foresee growth over 24% at a growing CAGR of 5.2% in the next few years.

Global silicone elastomers market growth is significant and is projected to continue in the next few years owing to the highly growing APAC regions. APAC region is a key hub in silicone elastomers market and can witness good growth over the estimated period. The increased investments in construction together with encouraging prospects will play a pivotal role for the expansion of regional automotive industry. Furthermore, government initiatives with a focus on infrastructure development are likely to prove favorable with promising growth opportunities.

The report comprises of detailed overview and predictive analysis of the market. The industry gets segmented by product, application, region and competitive scenario. Each of these segments is analyzed with a broad perspective to provide a comprehensive analysis of the market.

With several end-user industries using silicone rubbers, research and development is a crucial part of the market. High investments by the end product manufacturers, manufacturing companies, and associations for technology advancement and modifications of silicone elastomers applications to meet the new demands from different sorts of applications and substitute natural rubber and other rubbers are likely to open new avenues in the market.

Request for customization @ https://www.gminsights.com/roc/361

The key players in this market are Dow Corning Corporation, Momentive, Wacker Chemie, and Shin-Etsu.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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