Silicone Elastomers Market Growth: Key Trends and Opportunities
Silicone Elastomers Market to Reach $15.1 Billion by 2031: Key Drivers and Trends
According to the latest publication from Meticulous Research®, the silicone elastomers market is set to reach $15.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. This growth is driven by the increasing utilization of silicone elastomers in medical devices, advancements in material science, and the high demand from the electrical & electronics industry. However, environmental concerns, sustainability issues, and stagnant growth in developed countries are restraining market expansion. Additionally, the integration of silicone elastomers with IoT devices and the rising demand for automotive applications present new growth opportunities. The market, however, faces challenges from fluctuations in raw material prices.
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The market is segmented by type into room-temperature vulcanize (RTV), liquid silicone rubber (LSR), and high-temperature vulcanize (HTV). In 2024, the HTV segment is expected to dominate with over 52% of the market share. This dominance is due to advancements in manufacturing technologies and the increasing use of HTV in industries such as automotive, aerospace, healthcare, and electronics, where high temperatures are common. The demand for HTV continues to grow as industries prioritize safety, efficiency, and durability in their products and processes. Meanwhile, the LSR segment is anticipated to register the highest CAGR during the forecast period, driven by innovations in material science and the demand for biocompatible materials.
Based on the process, the silicone elastomers market is divided into extrusion, molding, calendering, and other processes. The molding process segment is expected to hold the largest share of over 45% in 2024. This segment's large market share is attributed to the increasing demand for LSR injection molding for creating complex parts and advancements in molding technologies. The growing need for molding processes for the mass production of silicone elastomer parts across various industries further boosts this segment. Additionally, the molding process segment is projected to witness the highest CAGR during the forecast period due to ongoing technological advancements.
The end-use industries for silicone elastomers include automotive, aviation & aerospace, consumer goods, electrical & electronics, healthcare, energy, industrial machinery, construction, and other sectors. In 2024, the electrical & electronics segment is expected to account for the largest share of above 35%. This is due to the increasing use of silicone elastomers in manufacturing components such as power supplies, circuit boards, and LED lighting components. The healthcare segment is projected to register the highest CAGR during the forecast period, driven by the demand for biocompatible materials for medical devices and various implants.
Geographically, the silicone elastomers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the market in 2024 with over 53% of the market share. The region's growth is fueled by rapid economic development, particularly in China and India, and the growing healthcare and construction industries. Increased government investments in infrastructure projects and the adoption of silicone elastomers in various industries further drive market growth. Asia-Pacific 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.), Specialty Silicone Products, Inc. (U.S.), Reiss Manufacturing, Inc. (U.S.), MESGO S.p.A.(Italy), Rogers Corporation (U.S.), Stockwell Elastomerics, Inc. (U.S.), Zhejiang Xinan Chemical Industrial Group Co., Ltd. (China), Marsh Bellofram Group of Companies (U.S.), Cabot Corporation (U.S.), and CHT Germany GmbH (Germany).
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CHEMARTS és una col·laboració de llarga durada en educació i investigació entre dues escoles d’Aalto, l’Escola d’Enginyeria Química (CHEM) i l’Escola d’Arts, Disseny i Arquitectura (ARTS).
Les escoles van fusionar les seves forces amb l'objectiu d'invertir en noves maneres d'aprofitar la fusta i altres materials basats en bio. La idea principal és investigar el rendiment i el disseny de materials cel·lulòsics avançats per a usos innovadors.
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Ars Electronica Labs . MaterialLab i BioLab .
El MaterialLab tracta de la innovadora manipulació de materials. Qui ho hauria pensat que es pot fer una alternativa al cuir a partir de fulles de pinya? Els visitants poden submergir-se en el món de la investigació de materials i experimentar amb diferents mètodes de producció. Al BioLab, l’atenció se centra en l’organisme humà i els processos de vida que tenen lloc a nivell cel·lular i molecular. Els mètodes científics actuals no només ens permeten observar i visualitzar els processos biològics, sinó també intervenir en ells de diferents maneres.
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Material Health Lab
Making design healthier. Advocating for material ingredient transparency.
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Material Bank
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Materials Experience Lab
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MaterialDistrict
The world’s leading match-making platform in the field of innovative materials.
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Material Lab
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Central Saint Martins
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Two year transdisciplinary MA course exploring the intersection between design, science and technology.
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Materfad Barcelona
Materfad, centre de materials de Barcelona, desenvolupa una tasca d'investigació i vigilància tecnològica en el camp dels nous materials i presta serveis de consultoria i formació a empreses, professionals, universitats i centres tecnològics.
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Phillip Howes, Zoe Laughlin Material Matters
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Material Matters: New Materials in Design discusses the vast range of materials that are available to us today, and highlights the advances predicted to prove seminal in the future. The six chapters are divided by chemical composition - Metals, Glasses, Ceramics, Polymers, Composites and material Futures - and with every material featured, the book stresses the relevance of physical material properties
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The New Age of Trichology - HARNESSING THE POTENTIAL OF HAIR
How can we use human hair waste to create new materials and design outputs?
Human hair is a natural resource that will be increasing in the future since the world’s population is rapidly rising. The UK alone ‘creates’ around 6.5 million kilograms of human hair waste annually, which mostly ends up in landfill or slowly decays in the environment. This causes several problems for both the environment and human health, releasing toxic gasses and choking the drainage system. However, human hair has many valuable properties; it has a high tensile strength, is thermally insulating, flexible, oil-absorbent and is light weight.
This project explores the pure potential of hair as a raw material, reducing waste, environmental problems and the pressure on other non-renewable materials. The project consists of a range of utilitarian objects and tools that helps create a system all the way from collection through to the end application.
THE SYSTEM
A closed-loop-system
A key design element for The New Age of Trichology is the system that needs to be put into place as this is a new way to use this material waste stream. The New Age of Trichology created a method of producing a material by using other existing crafts and using a waste stream. In this case focused on the tensile strength of the human hair fibre, where spinning and ropemaking techniques are applied. The system is a closed loop system in a way that the raw material collected at the beginning remains additive free and can go straight back into nature at the end of it’s life cycle, through composting or recycling.
QUALITIES
insights
Other than the high-volume of hair that is available in any locality, human hair has multiple, valuable properties. On average, one human hair can hold up to 100 grams of weight, depending on the person’s diet, health, environment, ethnical background and treatment of hair. So, potentially a whole head of hair could withstand a weight of 12 tonnes.
It is not only high in tensile strength, thermal insulation, oil-absorption and flexibility it is also extremely lightweight. Looking at the differences of hair type by ethnical background, there are a few clear facts about the hair fibres. For example, Asian hair growth is the fastest, about 15 cm a year, whereas Caucasian hair grows 13cm a year and Afro hair 10cm a year. Focusing on its strength, African hair seems to be the most fragile, breaking under a strain of 60 grams after an elongation of 40%. At the other end of the scale, Asian hair is the strongest, withstanding a weight of 100 grams and an elongation of 55% for a single hair.
The products below are all made from Asian human hair waste, starting with a 2-ply yarn (minimum breaking load of 32kgs) which are then turned into ropes.
The New Age of Trichology aims to further develop other techniques and materials focusing on different properties such as the thermal insulation, oil – absorption and flexibility of hair. Areas that could be a potential context and which is most needed on a social and economic level, are areas such as the agriculture, medical, construction and engineering industry. Collaborations with more experts and professionals in the field could allow further development of this system on a more accurate and larger scale.
FROM - http://www.sannevisser.com/
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