Global Silicone Rubber Market by Product Type (HTV, RTV, LSR), By Application (Electrical & Electronics, Automotive & Transportation, Industrial Machinery, Consumer Goods, Construction, Healthcare, Other Applications), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

The increase in investment by both governments and key players towards the aerospace and construction industries are expected to fuel the financial development of this market over the forecast period.

Market.US announces the publication of its most recently generated research report titled, “Global Silicone Rubber Market by Product Type (HTV, RTV, LSR), by Application (Electrical & Electronics, Automotive & Transportation, Industrial Machinery, Consumer Goods, Construction, Healthcare, Other Applications), and by Region – Global Forecast to 2031”, which offers a holistic view of the Global Silicone Rubber Market through systematic segmentation that covers every aspect of the target market.

The Global Silicone Rubber Market is projected to be US$ 9,351.7 Mn in 2021 to reach US$ 16,569.0 Mn by 2031 at a CAGR of 6.0%.

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Silicone rubbers are elastomers having high molecular weight linear polymers, generally, polydimethylsiloxanes, which also may be modified with functional groups. Silicone rubbers are available in liquid or paste forms. They are utilized as room-temperature-vulcanizing (RTV) sealants, adhesives, potting, and encapsulating compounds, gums, bases, and compounded stocks for fabricating heat-cured rubber products.

Silicone rubbers are considered as one of the best materials and are highly valued for exceptional chemical properties such as elongation, high tear strength, thermal conductivity, and resistance to extreme temperatures. Silicone rubber is used in manufacturing processes of numerous consumer goods such as tire tubes, tires, cake pans, computer components, etc. It is easy to formulate, manufacture and is available in different colors, hardness. It can be used for molding, manufacturing, and curing owing to versatile formulations.

Global Silicone Rubber Market Revenue (US$ Mn), 2021–2031

Silicone rubber is used in the manufacturing of adhesives, sealants, varnishes, circuit boards coating, resins, optical fiber coatings, insulating tapes, as well as silicone-source and semiconductor-grade Silicone chemicals. Additionally, keypads, telephones, home entertainment equipment, etc. are also made from Silicone rubber. Such applications of Silicone rubber in the production of electrical and electronic equipment are expected to boost the target market's revenue growth.

The cost associated with silicone rubber is significantly high when compared to other rubber types and materials. Additionally, with strict restrictions being imposed by several nations such as respective lockdowns, restrictions on individual’s movement, etc., due to the coronavirus pandemic has resulted in the halting of production activities.

This has disrupted the import and export activities between countries and affected the supply chain for several markets including the silicone rubber industry. This factor is severely affecting the revenue growth of this given market, however, this sector is expected to return to its pre-COVID state, once the threat of this virus subsides.

Global Silicone Rubber Market Attractiveness Analysis by Product Type, 2015–2031

The global silicone rubber market is segmented on the basis of product type, application, and region. Based on product type, the market is further categorized into – HTV, RTV and LSR. The HTV product type segment is expected to create a major share, followed by LSR. Based on applications, the market is segmented into electrical & electronics, automotive & transportation, industrial machinery, consumer goods, construction, healthcare, and other applications.

The construction sub-segment accounted for the highest share, followed by automotive & transportation segment. The silicone rubber market is segmented region-wise into North America, Global, Asia-Pacific, South America, and MEA respectively. Asia-Pacific is projected to dominate the market by creating the highest share in the silicone rubber market, followed by North America over the forecast period.

The research report on the global silicon rubber market includes profiles of some of the major companies such as Compagnie de Saint-Gobain SA., Dow Inc, Shin-Etsu Chemical Co. Ltd, Wacker Chemie AG, Xingfa Chemicals, Momentive Performance Materials, KCC Corporation, Dongjue Silicone Group Co., Ltd, Hoshine Silicon Industry, CHT Group, RAUMEDIC AG, Wynca Group, Reiss Manufacturing Inc., China National BlueStar (Group) Co, Ltd., Sanyou Silicon Industry Co., Ltd, and Shandong Jinling Group Co., Ltd. (Shandong Jinling Chemical Co., Ltd.), and others.

Segmentation for Global Silicon Rubber Market Based on Product Type, Application, and Region

Based on Product Type:

• HTV
• RTV
• LSR

Based on Application:

• Electrical & Electronics
• Automotive & Transportation
• Industrial Machinery
• Consumer Goods
• Construction
• Healthcare
• Other Applications

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Based on Key Players:

• Saint-Gobain SA.
• Dow Inc
• Shin-Etsu Chemical Co. Ltd
• Wacker Chemie AG
• Xingfa Chemicals
• Momentive Performance Materials
• KCC Corporation
• Dongjue Silicone Group Co. Ltd
• Hoshine Silicon Industry
• CHT Group
• RAUMEDIC AG
• Wynca Group
• Reiss Manufacturing Inc.
• China National BlueStar (Group) Co Ltd.
• Sanyou Silicon Industry Co. Ltd
• Shandong Jinling Group Co. Ltd. (Shandong Jinling Chemical Co. Ltd.)
• others

For the Silicone Rubber Market research study, the following years have been considered to estimate the market size: