세계의 실리콘 엘라스토머 시장 : 세계의 산업규모, 점유율, 동향, 기회, 예측 : 유형별, 프로세스별, 최종용도 산업별, 지역별, 경쟁(2019-2029년)

Global Silicon Elastomer Market was valued at USD 7.90 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.12% to reach USD 11.25 billion in 2029.

The global silicon elastomer market is a dynamic and growing sector, driven by its extensive applications across various industries. Silicon elastomers, known for their exceptional thermal stability, flexibility, and resistance to environmental factors, are increasingly being utilized in automotive, healthcare, electronics, construction, and consumer goods.

The automotive industry remains a major consumer of silicon elastomers, leveraging their properties in manufacturing gaskets, seals, hoses, and insulation materials. The healthcare sector also represents a significant portion of the market, utilizing silicon elastomers in medical devices, implants, and prosthetics due to their biocompatibility and hypoallergenic nature. Furthermore, the electronics industry benefits from silicon elastomers' excellent insulating properties, making them ideal for components like keypads, connectors, and insulators.

The competitive landscape of the silicon elastomer market is characterized by the presence of several key players, including Dow Inc., Wacker Chemie AG, Momentive Performance Materials, and Shin-Etsu Chemical Co., Ltd. These companies focus on product innovation, strategic partnerships, and capacity expansions to maintain their market position. Notable industry developments include advancements in silicon elastomer formulations, enhancing performance characteristics and expanding their application scope.

Key Market Drivers

Growing Demand in the Automotive Industry is Expected to Drive the Demand for Global Silicon Elastomer Market

The automotive industry's increasing emphasis on performance, safety, and sustainability is a significant driver of the silicon elastomer market. Silicon elastomers' ability to withstand extreme temperatures and resist oil, fuel, and other automotive fluids makes them indispensable in vehicle manufacturing. With the rise of electric vehicles (EVs), the demand for silicon elastomers is further amplified. EVs require advanced sealing and insulation solutions to enhance battery performance and ensure passenger safety. According to the International Energy Agency (IEA), the global EV stock reached 10 million in 2020, and this number is expected to grow significantly, driving the demand for high-performance materials like silicon elastomers.

Expansion of the Healthcare Sector is Expected to Propel the Demand for Global Silicon Elastomer Market Growth

The healthcare sector's growth, driven by increasing healthcare expenditure, aging populations, and technological advancements, is propelling the demand for silicon elastomers. These materials are essential in manufacturing medical devices, prosthetics, and implants due to their flexibility, biocompatibility, and resistance to sterilization processes. The COVID-19 pandemic has further highlighted the importance of high-quality medical materials, boosting the demand for silicon elastomers in personal protective equipment (PPE) and medical tubing. Data from the World Health Organization (WHO) indicates a substantial increase in healthcare spending globally, underpinning the sustained demand for medical-grade silicon elastomers.

Advancements in Electronics and Electrical Industries Propels the Global Silicon Elastomer Market Growth

The rapid advancement in the electronics and electrical industries significantly drives the silicon elastomer market. These materials are used in manufacturing components that require high thermal stability, electrical insulation, and resistance to environmental factors. With the proliferation of consumer electronics, wearable devices, and smart home technologies, the demand for reliable and durable materials has surged. According to the Consumer Technology Association (CTA), global consumer electronics sales were projected to reach USD 1.05 trillion in 2023. Silicon elastomers, with their superior properties, are integral to ensuring the performance and longevity of these electronic devices. n.

Key Market Challenges

High Production Costs

One of the most pressing challenges facing the silicon elastomer market is the high production cost. The manufacturing process involves complex procedures and high-quality raw materials, leading to elevated production expenses. These costs can be prohibitive, particularly for small and medium-sized enterprises (SMEs) looking to enter the market. Additionally, fluctuations in the prices of raw materials, such as silicon metal, further exacerbate the cost challenges. Addressing these issues requires innovations in production techniques and the development of cost-effective alternatives without compromising quality.

Stringent Regulatory Requirements

The silicon elastomer market faces significant challenges related to environmental impact and regulatory compliance. The production and disposal of silicon elastomers involves chemical processes that can have adverse environmental effects. Additionally, stringent regulations regarding the use of certain chemicals and the need for compliance with environmental standards pose hurdles for manufacturers. Companies must invest in sustainable practices, such as recycling and developing eco-friendly formulations, to mitigate these challenges and align with global environmental goals.

Key Market Trends

Growing Focus on Health and Wellness

A prominent trend in the silicon elastomer market is the shift towards sustainable and eco-friendly materials. Increasing awareness about environmental issues and stringent regulatory requirements drive manufacturers to develop silicon elastomers with reduced environmental footprints. Innovations include bio-based silicon elastomers derived from renewable resources and recyclable formulations that minimize waste. This trend is expected to gain momentum as consumers and industries prioritize sustainability, shaping the future of the silicon elastomer market.

Technological Advancements in Production Processes

The integration of advanced manufacturing technologies, such as 3D printing and digitalization, is transforming the silicon elastomer market. These technologies enable precise and efficient production processes, reducing material waste and production costs. 3D printing, in particular, allows for the customization of silicon elastomer components, catering to specific application requirements in industries like healthcare and electronics. The adoption of these technologies is anticipated to enhance production capabilities, foster innovation, and drive market growth in the coming years.

Segmental Insights

Type Insights

Based on the type, the high temperature vulcanized rubber type has emerged as the dominant player in the global market for Silicon Elastomer. This prominence is attributed to HTV rubber's superior properties, including exceptional thermal stability, mechanical strength, and resistance to extreme temperatures, making it highly suitable for demanding applications. Key industries such as automotive, aerospace, electronics, and healthcare extensively utilize HTV rubber for manufacturing components that require robust performance under harsh conditions.

In the automotive sector, HTV rubber is crucial for producing high-performance gaskets, seals, and hoses that withstand high temperatures and mechanical stress. The aerospace industry leverages HTV rubber for insulation and protective coatings, ensuring reliability and safety in extreme environments. Also, the electronics sector benefits from HTV rubber's excellent electrical insulating properties, essential for components like connectors and keypads. The healthcare industry's reliance on HTV rubber for medical devices and implants further boosts its market dominance. These applications demand materials that can endure sterilization processes and maintain biocompatibility.

Process Insights

Based on the Process, the liquid injection molding segment has established its dominance in the global market for Silicon Elastomer. This prominence is primarily due to LIM's efficiency, precision, and suitability for high-volume production. LIM offers several advantages over traditional molding processes, including shorter cycle times, reduced material waste, and the ability to produce complex geometries with consistent quality. These benefits make LIM highly attractive for industries requiring large-scale production and intricate designs.

In the automotive industry, LIM is extensively used for manufacturing gaskets, seals, and various components that demand high precision and durability. The healthcare sector also heavily relies on LIM for producing medical devices, implants, and components, benefiting from the process's ability to ensure high-quality standards and biocompatibility. The electronics industry leverages LIM to produce intricate parts like connectors, keypads, and insulators, where precision and consistency are critical. The growing demand for silicon elastomer components in these industries has driven the adoption of LIM, further cementing its dominance. Technological advancements in LIM equipment and materials continue to enhance process efficiency and product quality, ensuring that LIM remains the preferred choice for manufacturing silicon elastomer products globally.

Regional Insights

Based on the region, the Asia Pacific region has emerged as a significant hotspot for silicon elastomer market growth, driven by rapid industrialization, urbanization, and expanding manufacturing sectors. Countries like China, Japan, South Korea, and India are at the forefront of this growth, benefiting from their robust industrial bases and increasing investments in technology and infrastructure.

China, being the largest producer and consumer of silicon elastomers, plays a pivotal role in the market. The country's booming automotive, electronics, and construction industries demand high-performance materials like silicon elastomers. Similarly, Japan and South Korea, known for their advanced technology sectors, significantly contribute to the market through the production of high-quality electronic components and medical devices that require silicon elastomers.

India's growing healthcare and automotive sectors further bolster the region's market expansion. Government initiatives, such as the "Make in India" campaign, promote domestic manufacturing, creating a conducive environment for market growth. The Asia Pacific region's competitive advantage lies in its cost-effective production capabilities, availability of raw materials, and a skilled workforce. Moreover, increasing research and development activities and the presence of major global players investing in the region enhance its market position. Consequently, the Asia Pacific region is poised for sustained growth in the silicon elastomer market, driven by its dynamic industrial landscape and strategic advancements.

Key Market Players

KCC Corporation

The Dow Chemical Company

Wacker Chemie AG

Momentive Performance Materials, Inc.

SHIN-ETSU Chemical Co., Ltd.

China National Bluestar Co, Ltd.

Rogers Corporation

Cabot Corporation

DuPont de Nemours, Inc.

Mesgo S.p.A.

Report Scope:

In this report, the Global Silicon Elastomer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Silicon Elastomer Market, By Type:

High Temperature Vulcanized Rubber Room Temperature Vulcanized Liquid Silicone Rubber Others

Silicon Elastomer Market, By Process:

Extrusion Liquid Injection Molding Injection Molding Compression Molding Others

Silicon Elastomer Market, By End Use Industry:

Automotive and Transportation Electrical and Electronics Building and Construction Healthcare Consumer Goods Others

Silicon Elastomer Market, By Region:

North America

United States

Canada

Mexico

Europe

France

United Kingdom

Italy

Germany

Spain

Asia-Pacific

China

India

Japan

Australia

South Korea

South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Silicon Elastomer Market.

Available Customizations:

Global Silicon Elastomer market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).Table of content

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Silicon Elastomer Market

5. Voice of Customer

6. Global Silicon Elastomer Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value & Volume
• 6.2. Market Share & Forecast
  • 6.2.1. By Type (High Temperature Vulcanized Rubber, Room Temperature Vulcanized, Liquid Silicone Rubber, and Others)
  • 6.2.2. By Process (Extrusion, Liquid Injection Molding, Injection Molding, Compression Molding, and Others)
  • 6.2.3. By End-use Industry (Automotive and Transportation, Electrical and Electronics, Building and Construction, Healthcare, Consumer Goods and Others)
  • 6.2.4. By Region
  • 6.2.5. By Company (2023)
• 6.3. Market Map

7. Asia Pacific Silicon Elastomer Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value & Volume
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Process
  • 7.2.3. By End-Use Industry
  • 7.2.4. By Country
• 7.3. Asia Pacific: Country Analysis
  • 7.3.1. China Silicon Elastomer Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value & Volume
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Process
      • 7.3.1.2.3. By End-Use Industry
  • 7.3.2. India Silicon Elastomer Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value & Volume
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Process
      • 7.3.2.2.3. By End-Use Industry
  • 7.3.3. Australia Silicon Elastomer Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value & Volume
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Process
      • 7.3.3.2.3. By End-Use Industry
  • 7.3.4. Japan Silicon Elastomer Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value & Volume
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Process
      • 7.3.4.2.3. By End-Use Industry
  • 7.3.5. South Korea Silicon Elastomer Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value & Volume
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Process
      • 7.3.5.2.3. By End-Use Industry

8. Europe Silicon Elastomer Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value & Volume
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Process
  • 8.2.3. By End-Use Industry
  • 8.2.4. By Country
• 8.3. Europe: Country Analysis
  • 8.3.1. France Silicon Elastomer Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value & Volume
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Process
      • 8.3.1.2.3. By End-Use Industry
  • 8.3.2. Germany Silicon Elastomer Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value & Volume
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Process
      • 8.3.2.2.3. By End-Use Industry
  • 8.3.3. Spain Silicon Elastomer Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value & Volume
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Process
      • 8.3.3.2.3. By End-Use Industry
  • 8.3.4. Italy Silicon Elastomer Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value & Volume
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Process
      • 8.3.4.2.3. By End-Use Industry
  • 8.3.5. United Kingdom Silicon Elastomer Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value & Volume
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Process
      • 8.3.5.2.3. By End-Use Industry

9. North America Silicon Elastomer Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value & Volume
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Process
  • 9.2.3. By End-Use Industry
  • 9.2.4. By Country
• 9.3. North America: Country Analysis
  • 9.3.1. United States Silicon Elastomer Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value & Volume
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Process
      • 9.3.1.2.3. By End-Use Industry
  • 9.3.2. Mexico Silicon Elastomer Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value & Volume
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Process
      • 9.3.2.2.3. By End-Use Industry
  • 9.3.3. Canada Silicon Elastomer Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value & Volume
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Process
      • 9.3.3.2.3. By End-Use Industry

10. South America Silicon Elastomer Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value & Volume
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Process
  • 10.2.3. By End-Use Industry
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Silicon Elastomer Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value & Volume
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Process
      • 10.3.1.2.3. By End-Use Industry
  • 10.3.2. Argentina Silicon Elastomer Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value & Volume
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Process
      • 10.3.2.2.3. By End-Use Industry
  • 10.3.3. Colombia Silicon Elastomer Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value & Volume
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Process
      • 10.3.3.2.3. By End-Use Industry

11. Middle East and Africa Silicon Elastomer Market Outlook

• 11.1. Market Size & Forecast
  • 11.1.1. By Value & Volume
• 11.2. Market Share & Forecast
  • 11.2.1. By Type
  • 11.2.2. By Process
  • 11.2.3. By End-Use Industry
  • 11.2.4. By Country
• 11.3. MEA: Country Analysis
  • 11.3.1. South Africa Silicon Elastomer Market Outlook
    • 11.3.1.1. Market Size & Forecast
      • 11.3.1.1.1. By Value & Volume
    • 11.3.1.2. Market Share & Forecast
      • 11.3.1.2.1. By Type
      • 11.3.1.2.2. By Process
      • 11.3.1.2.3. By End-Use Industry
  • 11.3.2. Saudi Arabia Silicon Elastomer Market Outlook
    • 11.3.2.1. Market Size & Forecast
      • 11.3.2.1.1. By Value & Volume
    • 11.3.2.2. Market Share & Forecast
      • 11.3.2.2.1. By Type
      • 11.3.2.2.2. By Process
      • 11.3.2.2.3. By End-Use Industry
  • 11.3.3. UAE Silicon Elastomer Market Outlook
    • 11.3.3.1. Market Size & Forecast
      • 11.3.3.1.1. By Value & Volume
    • 11.3.3.2. Market Share & Forecast
      • 11.3.3.2.1. By Type
      • 11.3.3.2.2. By Process
      • 11.3.3.2.3. By End-Use Industry
  • 11.3.4. Egypt Silicon Elastomer Market Outlook
    • 11.3.4.1. Market Size & Forecast
      • 11.3.4.1.1. By Value & Volume
    • 11.3.4.2. Market Share & Forecast
      • 11.3.4.2.1. By Type
      • 11.3.4.2.2. By Process
      • 11.3.4.2.3. By End-Use Industry

12. Market Dynamics

• 12.1. Drivers
• 12.2. Challenges

13. Market Trends & Developments

• 13.1. Recent Developments
• 13.2. Product Launches
• 13.3. Mergers & Acquisitions

14. Global Silicon Elastomer Market: SWOT Analysis

15. Pricing Analysis

16. Porter's Five Forces Analysis

• 16.1. Competition in the Industry
• 16.2. Potential of New Entrants
• 16.3. Power of Suppliers
• 16.4. Power of Customers
• 16.5. Threat of Substitute Product

17. PESTLE Analysis

18. Competitive Landscape

• 18.1. KCC Corporation
  • 18.1.1. Business Overview
  • 18.1.2. Company Snapshot
  • 18.1.3. Product & Services
  • 18.1.4. Financials (In case of listed companies)
  • 18.1.5. Recent Developments
  • 18.1.6. SWOT Analysis
• 18.2. The Dow Chemical Company
• 18.3. Wacker Chemie AG
• 18.4. Momentive Performance Materials, Inc.
• 18.5. SHIN-ETSU Chemical Co., Ltd.
• 18.6. China National Bluestar Co, Ltd.
• 18.7. Rogers Corporation
• 18.8. Cabot Corporation
• 18.9. DuPont de Nemours, Inc.
• 18.10. Mesgo S.p.A.

19. Strategic Recommendations

20. About Us & Disclaimer