Silicone Elastomers Market size worth $12.8 Billion by 2023: Global Market Insights, Inc.

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Silicone Elastomers Market 2016 2023
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Global Market Scenario of Silicone Elastomers

• Silicone Elastomers Market Size was estimated at
  over 1,000 kilo tons in 2015, with forecast
  expectations of 1,537 kilo tons by 2023.
• Growing population, rising disposable income,
  rapid industrialization and urbanization in the
  high-growth regions are some of the key factors
  that are presumed to drive the regional markets.
• RD for product development, synchronized with
  applications should offer strong growth
  opportunities to silicone elastomers industry
  participants.
• Silicone elastomers market size in terms of
  revenue should exceed USD 12.8 billion by 2023.
• https//www.gminsights.com/industry-analysis/silic
  one-elastomers-market

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Continue.....

• Healthcare applications include catheters,
  tubing, medical cables, seals gaskets,
  membranes, O-rings, valves, respiratory care
  applications, anesthetic masks, medical
  instruments equipments and medical textile
  coatings.
• Silicone elastomers market price trend is likely
  to witness a gaining trend over the next seven
  years, primarily driven by strong global cues.
• Growing (Room Temperature Vulcanize) RTV in major
  end-use industries is likely to be beneficial for
  the overall industry. Growing demand from
  application avenues, especially in developing
  areas, is expected to be a key driving factor for
  the silicone elastomers market growth over the
  next seven years.
• https//www.gminsights.com/industry-analysis/si
  licone-elastomers-market
•  

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U.S. silicone elastomers market size, by
application, 2013-2023 (KT)
https//www.gminsights.com/industry-analysis/silic
one-elastomers-market

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360 Analysis

• Application Analysis
• (High Temperature Vulcanize) HTV silicone
  elastomers market demand was calculated at over
  600 kilo tons in 2015, at 5.2 CAGR growth
  estimate up to 2023. (Liquid Silicone Rubber) LSR
  silicone elastomers market size is likely to
  reach 457 kilo tons by 2023.
• Regional Analysis
• Asia Pacific, predominantly through the China,
  Japan and India silicone elastomers market size,
  dominates regional demand, with revenue forecast
  of over USD 6.6 billion by 2023.
• North America is a somewhat saturated regional
  industry, with sluggish outlook on automotive and
  construction spending. U.S. silicone elastomers
  market size is forecast to reach USD 1.37 billion
  by 2023. Europe, which was dominated by Germany
  silicone elastomers market share, is set to
  witness gains at 4.9 over the next seven
  years. 
• Competitive Market Share
• The global silicone elastomers market share is
  quite concentrated, with top four participants
  catering to over 80 of the total industry
  demand. 
• Dow Corning Corporation dominated industry in
  2015, with over 42 market share followed by
  other prominent industry participants such as
  Wacker Chemie, Momentive, and Shin-Etsu. 

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