The silicone elastomers market is estimated to reach US$10,642.47 millions by 2019 from US$6,641.40 million in 2013, signifying a firm CAGR of over 8.22% between 2014 and 2019
The impact of different market factors, such as drivers, restraints, opportunities, and challenges are also illustrated in the report. This gives an idea about the key drivers, such as silicone elastomers being highly superior in terms of quality; growth in the end-user industries such as automotive, healthcare, electrical & electronics, and others. The higher manufacturing cost leads to increase in the prices of silicone elastomers is acting as a restrain for the end-user industries.
The key companies in this market are Dow Corning Corporation (U.S.), Wacker Chemie A.G. (Germany), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar Group (China), Wynca Group (China), Mesgo S.p.A. (Italy), and Speciality Silicone Products Inc.(U.S.).
These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product launch and development were the most preferred strategies of the top players from 2010-2014 that were driving the demand of silicone elastomers. Their strategy helps to capture the market in different end user industries.
Scope of the report
On the basis of type:
– High Temperature Vulcanized
– Room Temperature Vulcanized
– Liquid Silicone Rubber
On the basis of Process:
– Extrusion
– Injection molding
– Compress molding
– Others
On the basis of application:
– Automotive and Transportation
– Electrical & Electronics
– Healthcare
– Consumer Goods
– Industrial Machinery
– Others
Companies Mentioned
– China National Bluestar (Group) Co, Ltd.
– DOW Corning Corporation.
– KCC Corporation
– Mesgo S.P.A.
– Momentive Performance Materials Inc.
– Reiss Manufacturing Inc.
– Shin-Etsu Chemical Co., Ltd.
– Specialty Silicone Products Inc.
– Wacker Chemie AG
– Zhejiang Xinan Chemical Industrial Group Co., Ltd.
– PR News Wire