Key Players in the Market: Momentive Performance Materials Inc. (U.S.), Wacker Chemie AG (Germany), Dow Corning Corporation (U.S.), Shin-etsu Corporation (Japan) and others.
(PRWEB) January 26, 2015
The global silicone elastomers market, along with its applications, has witnessed a linear growth for the past few years and this growth is estimated to increase in the coming years.
Browse 88 Market Data Tables and 37 Figures spread through 180 Pages and in-depth TOC on “Silicone Elastomers Market”.
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The global silicone elastomers market is successfully penetrating the end-user industries. The end products are tailor-made as per the requirements of the end-user industries. The Asia-Pacific region is the fastest-growing segment of the global silicone elastomers market. This growth is mainly attributed by heavy investment across industries, such as automotive, electrical & electronics, healthcare, and consumer goods. The Asia-Pacific and ROW markets are estimated to grow in the next five years while the allied industries are projected to stabilize the overall business need in the respective regions.
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R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of silicone elastomers applications to replace natural rubber and other rubbers substitute and match the new demands coming from various types of applications.
Asia-Pacific is the largest market, both in terms of volume and value, followed by Europe. China, India, South Korea, Brazil, and Middle-East are projected to continue being successful Silicone elastomers markets.
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The silicone elastomers demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, new products launch, expansions, agreements & collaboration and research and developments of the leading global companies.
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The current market size of the silicone elastomers in terms of value was estimated to be about $6,500.60 million in 2013 and is projected to reach $11,014.26 million by 2019, growing at a CAGR of 9.28% between 2014 and 2019. The high demand across the industries, such as automotive, electrical & electronics, healthcare and others will increase the overall silicone elastomers consumption.
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