PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514979
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514979
Asia Pacific Silicon Elastomer Market, By Product Type, By Application, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Silicon Elastomer Market size was valued at USD 3,234.56 Million in 2023, expanding at a CAGR of 6.5% from 2024 to 2032.
Silicone elastomers are synthetic rubber-like materials derived from silicone polymers. Known for their exceptional elasticity, durability, and heat resistance, they find widespread use in various industries such as automotive, electronics, healthcare, and construction. Silicone elastomers exhibit superior thermal stability over a wide temperature range, making them suitable for applications requiring resistance to extreme heat or cold. They offer excellent electrical insulation properties, biocompatibility, and resistance to weathering, UV radiation, and chemicals. Silicone elastomers are commonly used in seals, gaskets, O-rings, medical devices, adhesives, and encapsulants, where flexibility, reliability, and longevity are crucial.
Asia Pacific Silicon Elastomer Market- Market Dynamics
Increasing utilization across various industries to propel market demand
The superior attributes of silicone elastomers, coupled with growing utilization in the medical industry and growing demand from the electrical & electronics sector, underscore their dominance in the elastomers industry. Offering superior properties compared to other elastomers, silicone elastomers meet the demanding requirements of various end-use industries. These include extended lifetime, efficient performance across a wide temperature range, low toxicity, low flammability, low smoke density, chemical inertness, oil & fuel resistance, and high productivity. Particularly in the medical & healthcare sectors, silicone elastomers find broad applications, from medical equipment to drug delivery systems, thanks to their inertness, high permeability, easy processing, and low toxicity. Moreover, in the electrical & electronics industry, silicone elastomers play a crucial role in applications such as electrical insulation, potting, cables, automotive electronics, and telecommunications, owing to their heat resistance, nonreactivity, flame resistance, durability, and stress relieving properties. With novel applications emerging and the pressure to meet evolving industry demands, silicone elastomers continue to be at the forefront, driving innovation and addressing diverse market needs.
Asia Pacific Silicon Elastomer Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2024-2032)
Based on Product Type segmentation, High-Temperature Vulcanizing (HTV) silicone elastomers were the leading type in 2023
Based on Application segmentation, construction was predicted to show maximum market share in the year 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific Silicon Elastomer Market- Segmentation Analysis:
The Asia Pacific Silicon Elastomer Market is segmented based on Product Type, Application, and Country.
The market is divided into three categories based on Product Type: Liquid Silicone Rubber, High Temperature Vulcanized, and Room Temperature Vulcanized. Among the product types, High-Temperature Vulcanizing (HTV) silicone elastomers emerged as the frontrunner, commanding more than half of the market share recently. The escalating demand in key end-use sectors, particularly in developing regions, is poised to be a pivotal driver for the growth of the silicone elastomers industry in the coming years.
The market is divided into eight categories based on Application: Construction, Automotive, Apparel, Home Repair & Hardware, Healthcare, Medical Devices, Electronics, and Others. In 2023, the construction segment took the lead in the silicone elastomer market, capturing the highest revenue share. Silicone elastomers closely trail silicone fluids in terms of market dominance in the global arena. Their versatile applications span industries such as electronics & electrical, automotive & transportation, industrial machinery, consumer goods, construction, and others, promising to propel overall market growth.
Asia Pacific Silicon Elastomer Market- Geographical Insights
The analysis of the Asia Pacific silicon elastomer market includes countries such as India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, along with the rest of the Asia Pacific (APAC). In 2023, China emerged as the leader in the Asia-Pacific silicon elastomer market, propelled by the rapid growth of its electronics sector. This expansion is fueled by urbanization, industrialization, rising disposable incomes, and technological advancements. Chinese manufacturers are increasingly turning to elastomers over traditional materials like PVC, rubber, and thermoplastics to lower their carbon footprint and comply with environmental regulations. According to data from the Shanghai Municipal People's Government, the total retail sales of China's consumer electronics sector are projected to increase by 4 percent to 2.2 trillion yuan (US$305 billion) in 2023, with growth accelerating to 5 percent in 2024. This surge in the electronics industry across Asia-Pacific is expected to drive the regional market's growth further.
Asia Pacific Silicon Elastomer Market- Competitive Landscape:
Continuous innovation and technological advancements are driving the evolution and expansion of the elastomer market. With a focus on meeting diverse industry needs, key players are developing novel formulations and employing advanced manufacturing techniques. A key trend in the market is the shift towards bio-based and sustainable formulations, providing environmentally friendly alternatives to conventional elastomers. By leveraging renewable sources and green chemistry approaches, manufacturers aim to reduce carbon footprints and environmental impacts while ensuring high performance and reliability.
Recent Developments:
In April 2023, DuPont announced the introduction of their new low-cyclosiloxane silicone elastomer and silicone blend, highlighting the industry's commitment to sustainable innovation.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC SILICON ELASTOMER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
STOCKWELL ELASTOMERICS, INC.
The Dow Chemical Company
HEXPOL AB (MESGO S.p.A.)
Intek Adhesives Limited
Reiss Manufacturing, Inc. (Reiss Corporation)
Shin-Etsu Chemical Co., Ltd.
Specialty Silicone Products, Inc.(HEICO Corporation)
Wacker Chemie AG
Others
ASIA PACIFIC SILICON ELASTOMER MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Liquid Silicone Rubber
High Temperature Vulcanized
Room Temperature Vulcanized.
ASIA PACIFIC SILICON ELASTOMER MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Construction
Automotive
Apparel
Home Repair & Hardware
Healthcare
Medical Devices
Electronics
Others
ASIA PACIFIC SILICON ELASTOMER MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Silicon Elastomer Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Silicon Elastomer Market Snippet by Product Type
- 2.1.2. Asia Pacific Silicon Elastomer Market Snippet by Application
- 2.1.3. Asia Pacific Silicon Elastomer Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Silicon Elastomer Key Market Trends
- 3.1. Asia Pacific Silicon Elastomer Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Silicon Elastomer Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Silicon Elastomer Market Opportunities
- 3.4. Asia Pacific Silicon Elastomer Market Future Trends
4. Asia Pacific Silicon Elastomer Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Silicon Elastomer Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Silicon Elastomer Market Landscape
- 6.1. Asia Pacific Silicon Elastomer Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Silicon Elastomer Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2023 & 2032 (%)
- 7.1.2. Liquid Silicone Rubber
- 7.1.3. High Temperature Vulcanized
- 7.1.4. Room Temperature Vulcanized.
8. Asia Pacific Silicon Elastomer Market - By Application
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
- 8.1.2. Construction
- 8.1.3. Automotive
- 8.1.4. Apparel
- 8.1.5. Home Repair & Hardware
- 8.1.6. Healthcare
- 8.1.7. Medical Devices
- 8.1.8. Electronics
- 8.1.9. Others
9. Asia Pacific Silicon Elastomer Market- By Geography
- 9.1. Introduction
- 9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 9.2. Asia Pacific (APAC)
- 9.2.1. Overview
- 9.2.2. Asia Pacific Silicon Elastomer Key Manufacturers in Asia Pacific
- 9.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 9.2.4. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.5. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.6. India
- 9.2.6.1. Overview
- 9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.6.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.6.4. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.7. China
- 9.2.7.1. Overview
- 9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.7.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.7.4. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.8. Japan
- 9.2.8.1. Overview
- 9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.8.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.8.4. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.9. South Korea
- 9.2.9.1. Overview
- 9.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.9.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.9.4. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.10. Australia
- 9.2.10.1. Overview
- 9.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.10.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.10.4. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.11. Thailand
- 9.2.11.1. Overview
- 9.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.11.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.11.4. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.12. Indonesia
- 9.2.12.1. Overview
- 9.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.12.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.12.4. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.13. Philippines
- 9.2.13.1. Overview
- 9.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.13.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.13.4. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 9.2.14. Rest of APAC
- 9.2.14.1. Overview
- 9.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 9.2.14.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 9.2.14.4. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10. Key Vendor Analysis- Asia Pacific Silicon Elastomer Industry
- 10.1. Competitive Dashboard
- 10.2. Company Profiles
- 10.2.1. CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
- 10.2.2. Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
- 10.2.3. STOCKWELL ELASTOMERICS, INC.
- 10.2.4. The Dow Chemical Company
- 10.2.5. HEXPOL AB (MESGO S.p.A.)
- 10.2.6. Intek Adhesives Limited
- 10.2.7. Reiss Manufacturing, Inc. (Reiss Corporation)
- 10.2.8. Shin-Etsu Chemical Co., Ltd.
- 10.2.9. Specialty Silicone Products, Inc.(HEICO Corporation)
- 10.2.10. Wacker Chemie AG
- 10.2.11. Others
11. 360 Degree Analyst View
12. Appendix
- 12.1. Research Methodology
- 12.2. References
- 12.3. Abbreviations
- 12.4. Disclaimer
- 12.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Silicon Elastomer Market: Product Type Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Product Type
- TABLE Asia Pacific Silicon Elastomer Market, by Product Type 2019-2032 (USD Million)
- TABLE Asia Pacific Silicon Elastomer Market: Application Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Application
- TABLE Asia Pacific Silicon Elastomer Market, by Application 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Silicon Elastomer Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Silicon Elastomer Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product Type segment market share analysis, 2023 & 2032
- FIGURE Product Type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Application segment market share analysis, 2023 & 2032
- FIGURE Application segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Silicon Elastomer Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Silicon Elastomer Market share analysis by country, 2023
- FIGURE India Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Silicon Elastomer Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
