#Elastomers market

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India's Elastomers Market to Grow Rapidly with a CAGR of 8.41%

Get insights into the rapidly growing elastomers market in India with a forecasted CAGR of 8.41% until 2028.

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Silicone Elastomers Market Future Trends to Look at | BIS Research 

Silicone Elastomers are a class of synthetic polymers known for their exceptional flexibility, durability, and resistance to extreme temperatures and environmental conditions 

The Silicone Elastomers market was valued at $19.18 billion in 2022, and it is expected to grow at a CAGR of 8.51% and reach $45.37 billion by 2032.

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Silicone Elastomers    Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

Silicone Elastomers Overview  

The silicone elastomers encompass synthetic rubber materials derived from silicone polymers. These elastomers, formulated with reactive linear molecules, cross-linking agents, and reinforcement materials, offer exceptional mechanical properties, including elasticity, tear strength, and resilience. Their high flexibility and ability to withstand mechanical stress without permanent deformation make them ideal for dynamic applications. Notably, silicone elastomers exhibit superior heat resistance, enduring temperatures from -50°C to over 200°C, making them suitable for extreme environments. 

The silicone elastomers are defined by the versatile applications of synthetic rubber materials derived from silicone polymers. These elastomers are created by compounding reactive linear molecules with cross-linking agents and reinforcement materials, resulting in excellent mechanical properties such as elasticity, tear strength, and resilience. Known for their flexibility and ability to endure mechanical stress without permanent deformation, silicone elastomers are ideal for dynamic uses

Market Drivers 

By Advancements in the Electronics and Electrical Sectors

Growing demand in Automotive Industry 

Advancements in Medical Technology 

Rising Electronics and Electrical Sector 

Sustainability Trends 

Growing Consumer Goods 

Key Companies 

Dow

Wacker Chemie AG

Momentive Performance Materials

Shin-Etsu Chemical Co., Ltd.

China National Bluestar (Group) Co., Ltd.

Rogers Corporation

Cabot Corporation

Reiss Manufacturing Inc.

MESGO S.p.A.

CHT Germany GmbH

Bellofram Elastomers

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Market Segmentation for Silicone Elastomers     

By End User Industry 

By Type 

By Process 

By Region 

Recent Developments in the Global Silicone Elastomers Market

• In June 2024, Wacker Chemie AG announced the construction of a new production site in Karlovy Vary, Czech Republic, marking a significant step in enhancing its focus on silicone specialties in Europe. • In January 2024, SIGMA Engineering and Momentive Performance Materials announced a strategic partnership aimed at optimizing material data for silicone elastomers to enhance the reliability of process simulations using SIGMASOFT Virtual Molding. • In April 2022, Shin-Etsu Chemical Co., Ltd. announced the development of its new TC-BGI Series, a thermal interface silicone rubber sheet designed for high-voltage electric vehicle components. This series addresses the growing demand for electric cars, which require smaller, lighter components with high energy density.

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Applications of Silicone Elastomers Market 

Automotive Industry: Seals, gaskets, and hoses.

Medical Devices: Implants, seals, and flexible tubing.

Electronics: Insulating components and encapsulation.

Consumer Goods: Kitchenware, seals, and flexible membranes.

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Key Players 

Dow

Henkel

Chase Corporation

H.B. Fuller

Electrolube

Conclusion

In conclusion, the Silicone Elastomers market serves as the backbone of global communication, addressing the need for rapid and reliable data transmission. The growth of this market is fueled by technological advancements, the expanding telecommunications landscape, emerging 6G sector and the ongoing digital transformation. 

The increasing adoption of 5G networks, the rise of cloud computing, and the growth of data centers are key factors propelling the demand for both Silicone Elastomers s.

Silicone Elastomers are integral to the functioning of the digital economy, enabling seamless communication, connectivity, and data sharing across industries, homes, and businesses.

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Silicone Elastomers Market Poised for Growth: Forecast to Hit $15.1 Billion by 2031

The silicone elastomers market is poised for substantial growth, projected to reach $15.1 billion by 2031, with a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031, according to the latest report by Meticulous Research®. This expansion is propelled by increasing applications across the medical, automotive, and electronics sectors, alongside significant advancements in material science. However, environmental concerns, sustainability challenges, and stagnating growth in developed regions are moderating the pace of this expansion.

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Key Market Drivers and Challenges

The surging adoption of silicone elastomers in medical devices is one of the primary factors driving market growth. Advances in material science, particularly the development of biocompatible materials, have made silicone elastomers indispensable in healthcare applications such as implants and drug delivery systems. Additionally, the growing demand for silicone elastomers in the electrical and electronics industry, where they are used in high-temperature environments, further fuels market expansion.

However, the market faces several headwinds. Environmental and sustainability concerns, along with fluctuating raw material prices, are presenting challenges to manufacturers. Moreover, mature markets in developed countries are experiencing sluggish growth, adding pressure to companies looking to expand their operations.

Opportunities in IoT Integration and Automotive Demand

Despite these challenges, opportunities abound. The integration of silicone elastomers with Internet of Things (IoT) devices and their growing application in automotive manufacturing present significant growth prospects. In the automotive sector, silicone elastomers are being increasingly used for gaskets, seals, and other components in engines and electronics, driven by their ability to withstand extreme temperatures and enhance product durability.

Market Segmentation: Type, Process, and End-Use Industry

The silicone elastomers market is segmented by type, process, and end-use industry. The three main types of silicone elastomers are room-temperature vulcanize (RTV), liquid silicone rubber (LSR), and high-temperature vulcanize (HTV). Of these, HTV is expected to account for over 52% of the market share in 2024. HTV's robust demand stems from its extensive use in automotive, aerospace, and electronics sectors, where it is valued for its ability to perform in high-temperature environments.

LSR, on the other hand, is projected to exhibit the fastest growth during the forecast period, driven by innovations in material science and its widespread adoption in the healthcare and electronics industries. Recent developments, such as The Dow Chemical Company’s launch of low-density LSR for injection molding applications, are expected to further accelerate the growth of this segment.

In terms of manufacturing processes, the molding process will dominate, accounting for over 45% of the market in 2024. The demand for molding, particularly LSR injection molding, is driven by the need for mass production of complex silicone elastomer components. This process is also expected to register the highest CAGR during the forecast period, supported by advancements in molding technologies and material innovations.

End-Use Industries: Dominance of Electronics and Growth in Healthcare

Among the end-use industries, the electrical and electronics sector is projected to capture the largest share of the market, exceeding 35% in 2024. The use of silicone elastomers in manufacturing components such as power supplies, circuit boards, and LED lighting systems is on the rise, owing to their fire resistance, durability, and ability to protect against shock and vibration. As electronic devices become smaller and more sophisticated, the demand for silicone elastomers as a protective and functional material continues to grow.

Meanwhile, the healthcare sector is forecast to register the highest CAGR during the 2024–2031 period. The increasing demand for biocompatible materials, along with the use of silicone elastomers in medical devices like implants and controlled-release drug delivery systems, is driving growth in this sector. Recent innovations, such as DuPont’s Liveo Silicone Elastomer Blends, address a range of skin conditions, demonstrating the broad applicability of silicone elastomers in healthcare.

Geographical Insights: Asia-Pacific to Lead Market Growth

Geographically, Asia-Pacific is expected to dominate the silicone elastomers market, with a share exceeding 53% in 2024. The region’s rapid industrialization, particularly in China and India, alongside increasing government investments in infrastructure projects, is fueling demand. China’s emergence as a global manufacturing hub, especially in industries utilizing silicone elastomers, further strengthens the market's position in this region. In addition, Asia-Pacific is expected to record the highest CAGR of over 9% during the forecast period.

Competitive Landscape

Leading players in the silicone elastomers market include Momentive Performance Materials (U.S.), China National Bluestar (China), The Dow Chemical Company (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), DuPont de Nemours, Inc. (U.S.), and others. These companies are focusing on expanding production capacities and developing innovative products to meet the growing demand across industries.

For instance, in September 2023, Wacker Chemie AG expanded its silicone manufacturing capabilities in China, producing specialty silicone fluids and elastomer gels. Such investments highlight the strategic importance of the Asia-Pacific region and the continuous evolution of silicone elastomer technology to meet industry needs.

Conclusion

The silicone elastomers market is set for significant growth, driven by technological advancements and increasing demand in key industries such as healthcare, automotive, and electronics. While challenges such as environmental concerns and fluctuating raw material prices persist, the market’s future looks promising, particularly with the rise of IoT integration and expansion in the Asia-Pacific region.

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Concerns about the biocompatibility of particular elastomers may stifle the market for medical elastomers!

A comprehensive overview of the global medical elastomers market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the medical elastomers markets globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels. The Global Medical Elastomers Market is likely to grow at a CAGR of around 7% during the forecast period (2021-2027).

Market Overview

Medical grade elastomers are polymers with elastic qualities that are useful in the production of medical devices. These elastomers meet worldwide regulatory standards and are particularly intended to be bio-compatible, i.e. suitable for use in the medical industry. Medical elastomers are used in a variety of applications, including IV solution bags, tubes, and syringes, cardiovascular and orthodontic implants. According to The Global Burden of Disease Study 2019, oral illnesses impact around 3.5 billion people globally. This huge prevalence of oral diseases can be attributed to the factors such as bad oral hygiene, dental disease, malnutrition, genetics to incorrect eating habits. Owing to these factors, there is an increase in demand for orthodontic implants, which is positively affecting the market for medical elastomers because different elastomers are utilized in different orthodontic implants.

COVID-19 Impact

The COVID-19 pandemic has adversely impacted the global medical elastomer industry. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. As a result, the medical elastomers supply chain has been hindered, notably in terms of raw materials for medical-grade elastomers. The mismatch between demand & supply of several raw materials hampered the growth of the industry.

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The global medical elastomers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Market Insight, by type

Thermoplastic          

Thermoset

Based on type, the market is classified into thermoset and thermoplastic. Thermosets do not melt upon heating. While thermoplastic has low-melting-point and is best suited for applications that use recycled material. The enormous potential is observed for thermoplastics because of their re-molding ability and a growth in demand for catheters, tubes, and medical bags as recycling and sustainability become more popular.

Market Insight, by application

Medical tubes

Catheters

Gloves

Syringes

Medical bags

Implants

Face Masks

Based on application, the market is categorized into medical tubes, catheters, gloves, syringes, medical bags, implants, and face masks. The medical tubes category held the greatest share of this market in recent times. However medical elastomers are predicted to grow in demand, due to the growing use of medical tubes in sickness detection & treatment. The Indian government's focus on the ‘Make in India Initiative’ would further propel the medical sector in the country, boosting demand for medical elastomers throughout the projected period.

Market Insight, by region

North America

Europe

Asia-Pacific

Rest of World

For a better understanding of the market adoption of the medical elastomer industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, UK, Italy, and Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), and Rest of World. Asia-Pacific is expected to show the highest CAGR growth in the medical elastomers market. The major contributors to the growth of this market are China and India. Additionally, growing private and public sector expenditures to strengthen healthcare infrastructure across nations are predicted to raise demand for medical devices, supporting the region's medical elastomers market expansion. However, biocompatibility concerns about some elastomers, along with tight regulatory regulations throughout the world, may hamper the growth of the medical elastomers market during the projection period.

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The major players targeting the market include:

BASF SE

DowDuPont

Eastman Chemical Company

Royal DSM

Solvay S.A.

Trelleborg AB

Kuraray Co. Ltd.

Teknor Apex

Momentive Performance Materials Inc.

Celanese Corporation

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global medical elastomers market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

What are the latest trends, new patterns, and technological advancements in the global medical elastomers market?

Which factors are influencing the global medical elastomers market over the forecast period?

What are the global challenges, threats, and risks in the global medical elastomers market?

Which factors are propelling and restraining the global medical elastomers market?

What are the demanding global regions of the global medical elastomers market?

What will be the market size in the upcoming years?

What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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[trendingrepots]

Polyurethane Elastomers Market - Forecast(2024 - 2030)

Polyurethane Elastomers Market Overview

The Polyurethane Elastomers Market size is forecasted to grow at a CAGR of 4.5% during the forecast period 2022-2027 and reach US$10.8 billion by 2027. Polyurethane Elastomers can be blended into various materials which include polymethyl methacrylate, polypropylene, polystyrene, vinyl ester, polyamide and other materials. It is used in a wide range of industries such as automotive, aerospace, construction, footwear and other industries. In 2020, the COVID-19 lockdown had significantly reduced production activities as a result of the country-wise shutdown of manufacturing sites, shortage of labor and the decline of the supply and demand chain all across the world, thus, affecting the polyurethane elastomers industry. However, a steady recovery in automobile production has been witnessed across the world since 2021. Polyurethane elastomers are primarily used in the automotive industry for the production of tires and body panels of an automobile. For instance, according to the International Organization of Motor Vehicle Manufacturers (OICA), the total global automobile production reached 80.2 billion units in 2021, an increase of 3% as compared to 77.7 billion units in 2020. An increase in automotive production along with the surging demand from the construction industry is expected to drive the growth of the polyurethane elastomers market size in the upcoming years. On the other hand, fluctuating prices of raw materials may confine the growth of the market.

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Polyurethane Elastomers Market Report Coverage

The “Polyurethane Elastomers Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Polyurethane Elastomers Market.

By Material Type: Thermoplastic (Polyether, Polycaprolactone, Polymethyl Methacrylate, Polypropylene, Polystyrene, Others), Thermoset (Polyamide, Vinyl Ester, Others).

By Processing Method: Injection Molding, Extrusion, Blow and Compression Molding.

By Application: Automotive Body Panels, Tires, Adhesives, Fibers, Industrial Tools, Appliances, Conveyor Belts, Sealing Gaskets, Lubricants, Consumer Products, Others.

By End-Use Industry: Transportation (Automotive (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicles), Aerospace (Commercial, Military, Others), Marine, Locomotive), Construction (Residential, Commercial, Industrial), Footwear, Electrical & Electronics, Adhesives & Sealants, Medical, Textile, Others.

By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Denmark, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America), the Rest of the World (the Middle East and Africa).

Key Takeaways

The injection molding segment held a significant share in The Polyurethane Elastomers Market in 2021. Its wide range of characteristics and higher efficiency made it stand out in comparison to other types of processing methods in the market.

Footwear industry held the largest share in the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers for the production of footwear, owing to its properties such as durability, flexibility and lightness.

Asia-Pacific dominated the Polyurethane Elastomers Market in 2021, owing to the increasing demand for polyurethane elastomers from the footwear industry in the region.

A detailed analysis of strengths, weaknesses, opportunities and threats will be provided in the Polyurethane Elastomers Market Report

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Silicone Elastomers Market Projected to Reach $15.1 Billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, ‘Silicone Elastomers Market by Type (Liquid Silicone Rubber (LSR), High-temperature Vulcanize (HTV)), Process (Extrusion, Molding), End-use Industry (Automotive, Healthcare, Electrical & Electronics, Construction), and Geography - Global Forecast to 2031.’

According to the latest report from Meticulous Research®, the silicone elastomers market is projected to reach $15.1 billion by 2031, with a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. This growth is driven by the increasing application of silicone elastomers in medical devices, advancements in material science, and high demand in the electrical and electronics sectors. However, environmental concerns, sustainability issues, and stagnant growth in developed countries pose challenges to market expansion.

Market growth opportunities are anticipated through the integration of silicone elastomers with IoT devices and their rising use in the automotive industry. Nonetheless, fluctuations in raw material prices remain a significant challenge.

The silicone elastomers market is segmented by type, process, and end-use industry. Types include room-temperature vulcanize (RTV), liquid silicone rubber (LSR), and high-temperature vulcanize (HTV). In 2024, HTV is expected to hold the largest market share of over 52%, driven by advancements in manufacturing technologies and its extensive use in high-temperature applications in the automotive and electronics industries. The LSR segment is projected to experience the highest CAGR due to innovations in material science and increasing demand for high-volume production in the automotive and healthcare sectors.

By process, the market is divided into extrusion, molding, calendering, and others. The molding process segment is anticipated to account for the largest share of over 45% in 2024, driven by the demand for LSR injection molding for complex parts and advancements in molding technologies. This segment is also expected to register the highest CAGR during the forecast period.

In terms of end-use industry, the market is segmented into automotive, aviation & aerospace, consumer goods, electrical & electronics, healthcare, energy, industrial machinery, construction, and others. The electrical & electronics segment is expected to hold the largest share of over 35% in 2024, due to the increasing use of silicone elastomers in components like power supplies and circuit boards. The healthcare segment is projected to grow at the highest CAGR, driven by the demand for biocompatible materials and silicone elastomers in medical devices and implants.

Geographically, the silicone elastomers market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate with a share of over 53% in 2024, driven by rapid economic development, particularly in China and India, and the growing healthcare and construction industries. This region is also projected to register the highest CAGR of over 9% during the forecast period.

Key players in the silicone elastomers market include Momentive Performance Materials, Inc. (U.S.), China National Bluestar (Group) Co., Ltd. (China), The Dow Chemical Company (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Wacker Chemie AG (Germany), DuPont de Nemours, Inc. (U.S.), among others.

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Key Questions Answered in the Report:

What are the high-growth market segments in terms of the type, process, and end-use industry?

What is the historical market size for the silicone elastomers market?

What are the market forecasts and estimates for 2024–2031?

What are the major drivers, restraints, opportunities, challenges, and trends in the silicone elastomers market?

Who are the major players in the silicone elastomers market, and what are their market shares?

What is the competitive landscape like?

What are the recent developments in the silicone elastomers market?

What are the different strategies adopted by major market players?

What are the trends and high-growth countries?

Who are the local emerging players in the silicone elastomers market, and how do they compete with other players?

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