Pune, India -- (SBWIRE) -- 12/26/2018 -- Silicone Elastomers Market Key Players:
Silicone Elastomers Key Players in this Market are: Momentive (US), Wacker Chemie AG (Germany), DowDuPont (US), Shin-Etsu Chemical Co., Ltd. (Japan), KCC CORPORATION (South Korea), China National Bluestar (Group) Co., Ltd. (China), Reiss Manufacturing, Inc. (US), MESGO S.p.A. (Italy), ALLERGAN (Ireland), Bentec Medical (US), Rogers Corporation (US), and Specialty Silicone Products, Inc. (US).

Silicone Elastomers Market Overview:
Silicone Elastomers Market is expected to reach more than USD 8.7 billion by 2023 with a CAGR of more than 7.7%.

Silicone Elastomers (polysiloxane), also known as vulcanized silicone-based polymers, can be found in various forms such as solids, open cell foams, closed cell sponges, thermally conductive, and electrically conductive. The superior properties of silicone elastomers such as extreme temperature resistance, excellent environmental resistance, and low compression set make them suitable for application in various end-use industries such as transportation, electrical and electronics, and healthcare.

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Silicone Elastomers Market Segmentation:
Silicone Elastomers Market has been segmented by type, application, and region.

On the basis of type, the market has been segmented into high temperature vulcanized (HTV), liquid silicone rubber (LSR), room temperature vulcanized (RTV), and others.

Based on application, the market has been segmented into automotive, electrical and electronics, healthcare, energy, aerospace, and others.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Silicone Elastomers Market Regional Analysis:
Asia-Pacific accounted for the largest share of the silicone elastomers markets in 2017 because of the presence of a wide industrial base in developing economies such as India, China, and Thailand. Market growth is heavily influenced by increasing automotive production because of the surging demand for automobiles coupled with the rising per capita income of consumers.

North America is a prominent region for the silicone elastomers market owing to the burgeoning electrical and electronics industry with the rising demand for consumer electronic devices such as wireless speakers and wearable devices.

Silicone Elastomers Market Competitive Analysis:
Silicone Elastomers Market fragmented with presence of tier 1 and tier 2 as well as strong regional players in the market. The key players are highly focusing on quality and high-performance products by investing on research and development which is further expected to provide lucrative opportunity for market participants. The various other strategies adopted by major players are expansion, acquisition and agreement. The industry is high following backward integration strategy such as raw material used for producing silicone uses silicone for manufacturing elastomers.

Thus, achieving cost effective business through minimising the raw material procurement problems. For instance, Wacker Chemie AG, Dow Corning Corporation, Momentive Performance Materials Inc. and Shin-Etsu Chemical Co., Ltd. among others are major participants in backward integration. Moreover, companies are implementing high tech technologies to meet customer requirements. The players are entering into long term agreement with distributors to maintain profit across value chain.

Silicone Elastomers Market Table of Content to be Continue…...,

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