Silicone Elastomers Market Size to Grow by USD 2.40 bn through 2020-2024
The silicone elastomers market is expected to grow by USD 2.40 bn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Silicone Elastomers Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (HTV, LSR, and RTV), Geographic (APAC, North America, Europe, MEA, and South America), and End-user (construction, automotive, electrical and electronics, consumer goods, and others). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Silicone Elastomers Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avantor Inc., CHT Group, Continental AG, Dow Inc., DuPont de Nemours Inc., KC Co. Ltd., Momentive Performance Materials Inc., Rogers Corp., Shin-Etsu Chemical Co. Ltd., and Wacker Chemie AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the global silicone elastomers market and it is expected to grow by USD 2.40 billion accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report/
Silicone Elastomers Market: Segmentation by Product
During 2019, the high temperature vulcanized (HTV) silicone segment accounted for the major share of the Silicone Elastomers Market owing to the increasing demand for high-performance vehicles from APAC, which has led to high demand for HTV from automobile manufacturers. This report provides an accurate prediction of the contribution of all the segments to the growth of the silicone elastomers market size.
Silicone Elastomers Market: Segmentation by Geography
APAC was the largest silicone elastomers market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing number of infrastructural projects and construction activities will significantly drive silicone elastomers market growth to the extent that 53% of the market growth will originate from APAC. China, Japan, and India are the key markets for silicone elastomers in APAC. Market growth in this region is expected to be faster than the growth of the market in other regions.
Silicone Elastomers Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Avantor Inc., CHT Group and Continental AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
