Silicone Elastomers Market is anticipated to grow significantly in the forecast period due to increasing applications of the silicone elastomers in medical and healthcare sector. Silicone elastomers are the gel-like materials that are colorless, odorless and tasteless and widely used in the production of several electrical insulation products. From several properties of silicone elastomers, physiological inertness is the major property since it helps in the application in medical sector. Silicone elastomers is today gaining popularity due to its properties like superior qualities like high performance and versatility.
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The key driving factors responsible for the growth of Silicone
Elastomers market :
Silicone elastomer market is
majorly driven by growing consumption of the material in electronics industry.
Silicone elastomers is extensively used in connector seals, hoses, gaskets,
diaphragms, fuel system valves, etc., which again fuels the market growth.
Increasing automobile demand from emerging economies and growing spending power
from the middle class population is also boosting the market growth. However,
silicone elastomers industry is facing restraints by poor corrosion and oil
& petroleum resistance properties of the material.
Silicone elastomers market is
witnessing trends like increasing use of antimicrobial silicone elastomers,
which are used to prevent bacterial growth. Antimicrobial silicone elastomers
are used on surfaces to avoid corrosion and other kinds of damage or harm. They
are now widely being used in pet food production, beverage manufacturing,
medical devices, foodstuff production & processing, and agricultural
activities.
Silicone elastomer industry is
categorized on the basis of type, process, application, and geography. On the
basis of type, the market is divided into liquid silicone rubber,
fluorosilicone rubber, high consistency rubber and others. High consistency
rubber segment is expected to lead the market of silicone elastomers owing to
its superior properties like brilliant strength, better electrical
connectivity, resistance to radiation and extreme temperature resistant.
In terms of process, silicone
elastomer market is bifurcated as injection molding, extrusion, compression
molding, liquid injection molding and others. Liquid injection molding is
projected to hold larger market share of silicone elastomer due to easy usage
and growing demand from several end users for automated processing techniques.
Based on application, silicone
elastomers industry is divided into healthcare, automotive, home repair &
hardware, medical devices, apparel, electronics, construction and others.
Automotive segment registers significant market growth of silicone elastomers
owing to the explosive demand from the sector.
Geographically, silicone
elastomers market is segmented as North America, Latin America, Europe, Asia
Pacific and Middle East & Africa. Asia Pacific region is predicted to
dominate the market of silicone elastomer owing to the huge demand for several
applications.
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