According to a new market report published by Lucintel, the future of the silicone rubber market looks promising with opportunities in the healthcare, transportation, electrical and electronics, construction, and consumer goods industries. The global silicone rubber market is expected to grow with a CAGR of 5% to 7% from 2023 to 2028. The major growth drivers for this market are surge in the construction activities in developing region along with rising demand from automotive industry.
In this market, liquid silicone rubber, high consistency rubber, and fluorosilicone rubber are the major product types. Liquid silicone rubber will remain the fastest growing segment over the forecast period as it delivers excellent heat and abrasion resistance, chemical stability, and electrical insulation properties as compared to others.
Within this market, automotive will remain the fastest growing segment over the forecast period as it is opted to manufacture automotive components, such as valve cover, gaskets, connectors, and engine covers.
Asia Pacific is expected to remain the largest region over the forecast period due to increase in automotive production in countries like China, India, Japan, and Taiwan.
China National Bluestar, Mesgo, Momentive Performance Materials, Shin-Etsu Chemical, Dow Corning, KCC Corporation, Reiss Manufacturing, and Stockwell Elastomerics are among the major suppliers of silicone rubber market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global silicone rubber market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Silicone Rubber Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global silicone rubber market by product type, application, and region as follows:
By Product Type [Value ($M) Shipment Analysis from 2017 to 2028]:
· Liquid Silicone Rubber
· High Consistency Rubber
· Fluorosilicone Rubber
By Application [Value ($M) Shipment Analysis from 2017 to 2028]:
· Healthcare
· Electrical and Electronics
· Transportation
· Construction
· Consumer Goods
· Others
By Region [Value ($M) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Silicone Rubber Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the silicone rubber market by product type (liquid silicone rubber, high consistency rubber, and fluorosilicone rubber), application (healthcare, transportation, electrical and electronics, construction, consumer goods, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?