Global Silicone Elastomer Market Size & Outlook, 2022-2030
Global silicone elastomer market, 2019-2030 (US$M)
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Global silicone elastomer market highlights
- The global silicone elastomer market generated a revenue of USD 5,697.9 million in 2022 and is expected to reach USD 11,157.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.8% by 2030.
- In terms of segment, lsr accounted for a revenue of USD 3,488.5 million in 2022.
- RTV is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 5,697.9 million |
| Market revenue in 2030 | USD 11,157.3 million |
| Growth rate | 8.8% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HTV, RTV, LSR |
Other key industry trends
- In terms of revenue, the North America accounted for 15.9% of the global silicone elastomer market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 379.4 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MicroAlgo Inc | View profile | 86 | Taoyuan Street, Unit 507, Building C, Long Jing High & New Technology Jingu Pioneer Park, Shenzhen, China, People's Republic of, 518052 | |
| China National Bluestar Group | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.china-bluestar.com/ |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Shin-Etsu Chemical Co Ltd | View profile | 25717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | http://www.shinetsu.co.jp |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
Global silicone elastomer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone elastomer market will help companies and investors design strategic landscapes.
Lsr was the largest segment with a revenue share of 61.22% in 2022. Horizon Databook has segmented the Global silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
- Global Silicone Elastomer Product Outlook (Revenue, USD Million, 2019-2030)
- RTV
- LSR
- HTV
- Global Silicone Elastomer Application Outlook (Revenue, USD Million, 2019-2030)
- Automotive & Transportation
- Industrial Machinery
- Others
- Electrical & Electronics
- Consumer Goods
- Construction
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global silicone elastomer market , including forecasts for subscribers. This global databook contains high-level insights into Global silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global silicone elastomer market size, by regions, 2019-2030 (US$M)
Top 10 countries: Silicone elastomer market size, 2022 (US$M)
Global silicone elastomer market share, by application, 2022 & 2030 (%, US$M)
Silicone elastomer market: Opportunity assessment by country
Global silicone elastomer market, by region, 2022 (US$M)
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