Global Silicone Elastomers Market (2022 to 2027) - Conductive Elastomers for Electrical Applications Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.

The silicone elastomers market is expected to reach USD 13.5 billion in 2027 at a CAGR of 7.4% during the forecast period.

Silicone elastomers are mainly used in the manufacturing of electrical insulation materials. They are also used in the aircraft industry for the development of insulating layers and high-temperature air ducts. Some silicone elastomers are also used in the manufacturing of sealants. Their physiological inertness makes them suitable for use in healthcare, especially for blood transfusions and artificial heart valves & various prosthetic devices.

By type, medical-grade LSR is expected to be the fastest growing segment for the silicone elastomers market during the forecast period.

Silicone rubber is a preferred material in the pharmaceutical industry due to its inherent properties such as non-reactiveness, stability, and resistance to extreme environments, compression set & bacterial growth, and extreme temperature ranges. Silicone can operate in temperature ranges from -150ºF to 482ºF. It is generally used for static sealing applications. LSR material is widely used by medical device manufacturers owing to its excellent properties such as biocompatibility, better part quality, and its potential of reducing the risk of contamination during the manufacturing process.

Liquid injection molding is expected to be the second-fastest growing process for the silicone elastomers market during the forecast period, in terms of value.

Liquid injection molding involves extruding un-vulcanized preform rubber through a cylinder into a closed heated mold. The process needs short molding cycles and does not need to perform preparation or trimming with the correct mold design. It is ideal for products requiring close dimensional tolerances and uniformity and is used with HCR and FSR. All these factors drive the demand for liquid injection molding in various applications.

Healthcare is expected to be the fastest growing end-use industry for the silicone elastomers market during the forecast period, in terms of value.

Silicone elastomers are extensively used in the healthcare industry owing to their versatility, biocompatibility, low surface tension, high permeability, and pressure-sensitive properties. They are also used as seals, valves, catheters, microphone holders for hearing aids devices, tube connectors, handles for surgical instruments, breathing tubes, syringe seals, cooling caps for chemotherapy, ventilation masks, and ventilation bags.

Based on region, the Asia Pacific region was the largest market for silicone elastomers in 2021, in terms of volume.

The Asia Pacific was the largest market for silicone elastomers in 2021, in terms of volume. The high demand in the region is attributed to the increased demand from the automotive, consumer goods, packaging, medical, and electrical & electronics industries, as well as the improving economic condition of the region. Industrial growth in the Asia Pacific is driven by rising urbanization, which has resulted in an increased demand for injection molding processes in various end-use industries.

Market Dynamics

Drivers

• Superior Properties of Silicone Elastomers
• Aging Population Fueling Demand from Healthcare Industry
• High Demand for Silicone Elastomers in the Electrical & Electronics Industry

Restraints

• Stagnant Growth in Developed Countries

Opportunities

• Antimicrobial Silicone Elastomers for Healthcare Industry
• Conductive Elastomers for Electrical Applications
• Highly Transparent Silicone Elastomers for Optical Applications
• Increasing Demand for Automobiles

Challenges

• Fluctuating Raw Material Prices

Companies Mentioned

• AB Specialty Silicones, LLC
• Avantor, Inc.
• Bellofram Silicones
• Cabot Corporation
• China National Bluestar (Group) Co, Ltd.
• CHT Germany GmbH
• Dow Inc.
• Dupont De Nemours, Inc.
• Jiangshan Sunoit Performance Material Science Co., Ltd
• Mesgo S.P.A.
• Momentive Performance Materials Inc.
• Nano Tech Chemical Brothers
• Polysil Silicone Material
• Ravago Petrokimiya Uretim A.S.
• Reiss Manufacturing Inc.
• Rogers Corporation
• Shanghai Rich Chemical New Material Co., Ltd
• Shenzhen Genvan Silicone Materials Co., Ltd
• Shenzhen Hong Je Yi Technology
• Shenzhen Yijiasan Silicone Co., Ltd.
• Shin-Etsu Chemical Co., Ltd.
• Silicone Solutions, Inc.
• Specialty Silicone Products, Inc.
• Wacker Chemie Ag
• Zhejiang Xinan Chemical Industrial Group Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/5ncx9f

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