Silicone Elastomer Market Size, Share & Trends Analysis Report By Product (HTV, RTV, LSR), By Application (Electrical & Electronics, Automotive & Transportation, Industrial Machinery, Consumer Goods), By Region, And Segment Forecasts, 2024 - 2030

Market Segmentation

• Silicone Elastomers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • HTV
  • RTV
  • LSR
• Silicone Elastomers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • Electrical & Electronics
  • Automotive & Transportation
  • Industrial Machinery
  • Consumer Goods
  • Construction
  • Others
• Silicone Elastomers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • North America
    • North America silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • North America silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • U.S. silicone elastomers market, by product
    • HTV
    • RTV
    • LSR
    • U.S. silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
  • Europe
    • Europe silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • Europe Silicone Elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • Germany silicone elastomers market, by product
    • HTV
    • RTV
    • LSR
    • Germany silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • U.K. silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • U.K. silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • Italy silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • Italy silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • France silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • France silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
  • Asia Pacific
    • Asia Pacific Silicone Elastomers market, by product
      • HTV
      • RTV
      • LSR
    • Asia Pacific Silicone Elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • China silicone elastomers market, by product
    • HTV
    • RTV
    • LSR
    • China silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • India silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • India silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • Japan silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • Japan silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • South Korea silicone elastomers market, by product
      • HTV
      • RTV
      • LSR
    • South Korea silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
  • Middle East & Africa
    • Middle East & Africa Silicone Elastomers market, by product
      • HTV
      • RTV
      • LSR
    • Middle East & Africa Silicone Elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
  • Central & South America
    • Central & South America Silicone Elastomers market, by product
      • HTV
      • RTV
      • LSR
    • Central & South America Silicone Elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others
    • Brazil silicone elastomers market, by product
    • HTV
    • RTV
    • LSR
    • Brazil silicone elastomers market, by application
      • Electrical & Electronics
      • Automotive & Transportation
      • Industrial Machinery
      • Consumer Goods
      • Construction
      • Others

Silicone Elastomer Market Dynamics

Drivers: Superior Properties Of Silicone Elastomers

Silicone elastomers have superior properties compared to other elastomers. These properties make it desirable for various end-use industries. With novel applications coming to the fore, requirements from end-use industries have become challenging to meet. End-use industries require extended lifetime and efficient performance over various temperatures, low toxicity, low flammability, low smoke density, inertness to chemicals & solvents, oil & fuel resistance, and high productivity. Silicone elastomers fulfil these requirements such as a wide range of operating temperatures, oxidation resistance, low UV degradation, superior electrical properties, flame retardant with low toxicity, low smoke density suitable for food contact & healthcare applications, and are easy to process. Over the forecast period, growing applications across diverse industries are expected to fuel the global silicone elastomers demand.

High Demand From Electrical & Electronics Industry

Electrical & electronics is a major end-use industry for silicone elastomers. Rapid growth in silicone elastomer demand can be attributed to the expanding electrical & electronics industry and the growth of other industries such as automotive and construction. Silicone elastomers are used for a variety of applications in electrical & electronics industry, including electrical & composite insulators, potting, silicone cables, automotive electronics, telecommunication applications, and energy-system applications, on account of their favorable properties such as heat resistance, nonreactivity, inhibited microbial growth, low viscosity, flame resistance, solvent resistance, heat transfer properties, longlasting durability, and stress relieving. Emerging regions such as Asia Pacific are expected to witness rapid growth in electrical & electronics industry owing to the increasing disposable income and growing population. Economies like China and India are anticipated to lead the market over the forecast period. However, developed markets such as North America and Europe are expected to witness a slightly moderate growth in silicone elastomers market owing to the saturation of the electrical & electronics market compared to the emerging regions.

Restraints: High Cost Of Production

Silicone elastomers have a higher production cost than other elastomers, related to raw material availability and processing. Although silicone elastomers have a high production cost, their inherent benefits and subsequent positive impacts do outweigh the higher-than-normal production cost. Long-term benefits and low maintenance surpass the higher production cost of silicone elastomers. Silicone elastomers need to be processed further for their applications, which leads to higher production costs. However, the growing demand for silicone elastomers has resulted in companies taking ardent steps to cater to this demand. Companies have forged partnerships in a bid to expand their product portfolios and increase their production capacities.

What Does This Report Include?

This section will provide insights into the contents included in this silicone elastomer market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Silicone elastomer market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Silicone elastomer market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance