Global
Silicone Elastomers Market is anticipated to grow significantly in the forecast
period due to increasing applications of the silicone elastomers in medical and
healthcare sector. Silicone elastomers are the gel-like materials that are
colorless, odorless and tasteless and widely used in the production of several
electrical insulation products. From several properties of silicone elastomers,
physiological inertness is the major property since it helps in the application
in medical sector. Silicone elastomers is today gaining popularity due to its
properties like superior qualities like high performance and versatility.
Silicone
elastomer market is majorly driven by growing consumption of the material in
electronics industry. Silicone elastomers is extensively used in connector
seals, hoses, gaskets, diaphragms, fuel system valves, etc., which again fuels
the market growth. Increasing automobile demand from emerging economies and
growing spending power from the middle class population is also boosting the
market growth. However, silicone elastomers industry is facing restraints by
poor corrosion and oil & petroleum resistance properties of the material.
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Silicone
elastomers market is witnessing trends like increasing use of antimicrobial
silicone elastomers, which are used to prevent bacterial growth. Antimicrobial
silicone elastomers are used on surfaces to avoid corrosion and other kinds of
damage or harm. They are now widely being used in pet food production, beverage
manufacturing, medical devices, foodstuff production & processing, and
agricultural activities.
Silicone
elastomer industry is categorized on the basis of type, process, application,
and geography. On the basis of type, the market is divided into liquid silicone
rubber, fluorosilicone rubber, high consistency rubber and others. High
consistency rubber segment is expected to lead the market of silicone
elastomers owing to its superior properties like brilliant strength, better
electrical connectivity, resistance to radiation and extreme temperature
resistant.
In
terms of process, silicone elastomer market is bifurcated as injection molding,
extrusion, compression molding, liquid injection molding and others. Liquid
injection molding is projected to hold larger market share of silicone
elastomer due to easy usage and growing demand from several end users for
automated processing techniques.
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Based
on application, silicone elastomers industry is divided into healthcare,
automotive, home repair & hardware, medical devices, apparel, electronics,
construction and others. Automotive segment registers significant market growth
of silicone elastomers owing to the explosive demand from the sector.
Geographically,
silicone elastomers market is segmented as North America, Latin America,
Europe, Asia Pacific and Middle East & Africa. Asia Pacific region is
predicted to dominate the market of silicone elastomer owing to the huge demand
for several applications.
The
leading players in silicone elastomer industry include StockwellElastomerics,
Inc., ZhongshanTinhou Plastic Industrial Co., Innovative Silicones,
HuzhouLongtong Chemical Co., Cauchos Pedro Romero S.L., Ltd., SF Composites,
Ltd., Intek Adhesives Ltd., HsuanHau Enterprise Co., Ltd., Universal Rubber
Mfgnv, HÜBERS, Ltd. (LiYaTe), Shenzhen Inno Silica Co., Ltd., 2D Chemical Ltd.,
and ShenZhenLiYaTe Technology Co.
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