Market worth $13.5 billion by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, May 27, 2022 /PRNewswire/ -- According to the new market research report "Silicone Elastomers Market by Type (HTV, RTV, LSR), By Process (Extrusion, Liquid Injection Molding, Injection Molding), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation) & Region - Global Forecast to 2027", published by MarketsandMarkets™, The Silicone Elastomers Market is projected to reach USD 13.5 billion by 2027, at a CAGR of 7.4 % from USD 9.4 billion in 2022. The growing development in healthcare industry is driving the demand for silicone elastomers. Rising awareness towards health & hygiene and interest towards antimicrobial properties will further drive the demand for silicone elastomers in the industry. The superior properties of silicone elastomers with electrical conductivity make it suitable for electrical & electronics applications.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=6310524

Browse in-depth TOC on "Silicone Elastomers Market" 
299 – Tables
63 – Figures
273 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/silicone-elastomers-market-6310524.html

Liquid Silicone Rubber (LSR) is projected to grow at fastest CAGR during the forecast period.

LSR is a low-viscosity silicone that can be injection molded or cast into silicone rubber sheets. The liquid term is used in the name to distinguish LSR from HCR products. LSRs are cured by platinum catalyzed cure systems in contrary to other rubber-based silicones that are cured by peroxide. LSR is projected to be the fastest-growing type of silicone elastomer during the forecast period. This is due to its unique properties, such as biocompatibility, flexibility, and easy processing, which makes it suitable for various end-use industries such as healthcare, automotive & transportation, and consumer goods.

Compression molding is projected to be the fastest growing segment by process in silicone elastomers market, in terms of value.

Compression molding involves placing preform rubber into a heated mold and then into a press to allow the silicone elastomers to melt and fill the mold cavity. This process has low-to-medium production rates. Compression molding is an economical method for short runs and start-up production, with a short setup time. It leads to low wastage, when carried out for correct mold design, and has the ability to mold large and fairly intricate parts.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=6310524

Asia Pacific is expected to be the fastest growing market for silicone elastomers during the forecast period, in terms of value and volume.

Asia Pacific is projected to be the fastest-growing market for silicone elastomers during the forecast period. The rapidly growing end-use industries, competitive manufacturing costs, and high economic growth rate are the favorable factors for the growth of the silicone elastomers market in this region. These factors are also attracting the market players to expand their businesses in Asia Pacific.

New product launches and expansions are the major growth strategies adopted by the key players in the market. Dow Inc (US) and Wacker Chemie AG (Germany) are the key players that have focused on new product launches and developments for deeper market penetration. Momentive Performance Materials Inc. (US), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar (Group) Co., (China) have undertaken expansions in the silicone elastomers market.

Browse Adjacent Markets: Chemical Market Research Reports & Consulting

Related Reports:

• Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical & Healthcare, Energy), Region - Global Forecast to 2026
  https://www.marketsandmarkets.com/Market-Reports/silicone-market-709.html
• Construction Silicone Sealants Market by Type (One Component, two Component), Curing Type (Acetoxy, Alkoxy, Oxime), Application, End-Use Industry (Residential, Commercial, Industrial) and Region - Global Forecast to 2026
  https://www.marketsandmarkets.com/Market-Reports/construction-silicone-sealants-market-97297482.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: sales@marketsandmarkets.com 
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/silicone-elastomers-market.asp 
Visit Our Website: https://www.marketsandmarkets.com/ 
Content Source: https://www.marketsandmarkets.com/PressReleases/silicone-elastomers.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg