PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643627
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1643627
Silicone Elastomers Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
The global silicone elastomers market was valued at approximately $8.8 billion in 2024 and is projected to reach $16.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 8% during the forecast period. This growth is driven by the increasing demand for silicone elastomers in the electrical and electronics industry, their superior properties, and an aging population fueling product demand in the healthcare sector.
Key Insights
The construction sector accounted for the largest market share at 42% in 2021. Silicone elastomers are widely used in construction materials and equipment, such as prefabricated building elements, due to their durability, strength, and resistance to oxygen, ozone, and abrasion.
The electrical and electronics industry plays a significant role in market growth. Silicone elastomers are valued for their heat resistance, flame retardation, low volatility, and moisture protection, making them ideal for delicate components. In the automotive sector, particularly with the rise of electric vehicles, these materials are essential for components like charging units, electric motors, inverters, and battery packs, due to their thermal conductivity and electrical insulation properties.
APAC is expected to see the fastest-growing demand for silicone elastomers globally, primarily driven by rapid industrialization. The country's advancements in transportation infrastructure, including its extensive high-speed train and expressway networks, contribute significantly to this demand.
The healthcare sector offers significant opportunities, driven by the aging global population and the increasing need for healthcare products. Silicone elastomers are widely used for their biocompatibility and stability. Antimicrobial silicone elastomers are particularly noteworthy, addressing growing concerns over infections.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by offering
- 1.4.2. Market size breakdown, by end user
- 1.4.3. Market size breakdown, by technology
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Offering (2019-2030)
- 6.3. Market Revenue, by End User (2019-2030)
- 6.4. Market Revenue, by Technology (2019-2030)
- 6.5. Market Revenue, by Region (2019-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Offering (2019-2030)
- 7.3. Market Revenue, by End User (2019-2030)
- 7.4. Market Revenue, by Technology (2019-2030)
- 7.5. Market Revenue, by Country (2019-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Offering (2019-2030)
- 8.3. Market Revenue, by End User (2019-2030)
- 8.4. Market Revenue, by Technology (2019-2030)
- 8.5. Market Revenue, by Country (2019-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Offering (2019-2030)
- 9.3. Market Revenue, by End User (2019-2030)
- 9.4. Market Revenue, by Technology (2019-2030)
- 9.5. Market Revenue, by Country (2019-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Offering (2019-2030)
- 10.3. Market Revenue, by End User (2019-2030)
- 10.4. Market Revenue, by Technology (2019-2030)
- 10.5. Market Revenue, by Country (2019-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Offering (2019-2030)
- 11.3. Market Revenue, by End User (2019-2030)
- 11.4. Market Revenue, by Technology (2019-2030)
- 11.5. Market Revenue, by Country (2019-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Offering (2019-2030)
- 12.3. Market Revenue, by End User (2019-2030)
- 12.4. Market Revenue, by Technology (2019-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Offering (2019-2030)
- 13.3. Market Revenue, by End User (2019-2030)
- 13.4. Market Revenue, by Technology (2019-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Offering (2019-2030)
- 14.3. Market Revenue, by End User (2019-2030)
- 14.4. Market Revenue, by Technology (2019-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Offering (2019-2030)
- 15.3. Market Revenue, by End User (2019-2030)
- 15.4. Market Revenue, by Technology (2019-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Offering (2019-2030)
- 16.3. Market Revenue, by End User (2019-2030)
- 16.4. Market Revenue, by Technology (2019-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Offering (2019-2030)
- 17.3. Market Revenue, by End User (2019-2030)
- 17.4. Market Revenue, by Technology (2019-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Offering (2019-2030)
- 18.3. Market Revenue, by End User (2019-2030)
- 18.4. Market Revenue, by Technology (2019-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Offering (2019-2030)
- 19.3. Market Revenue, by End User (2019-2030)
- 19.4. Market Revenue, by Technology (2019-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Offering (2019-2030)
- 20.3. Market Revenue, by End User (2019-2030)
- 20.4. Market Revenue, by Technology (2019-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Offering (2019-2030)
- 21.3. Market Revenue, by End User (2019-2030)
- 21.4. Market Revenue, by Technology (2019-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Offering (2019-2030)
- 22.3. Market Revenue, by End User (2019-2030)
- 22.4. Market Revenue, by Technology (2019-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Offering (2019-2030)
- 23.3. Market Revenue, by End User (2019-2030)
- 23.4. Market Revenue, by Technology (2019-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Offering (2019-2030)
- 24.3. Market Revenue, by End User (2019-2030)
- 24.4. Market Revenue, by Technology (2019-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Offering (2019-2030)
- 25.3. Market Revenue, by End User (2019-2030)
- 25.4. Market Revenue, by Technology (2019-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Offering (2019-2030)
- 26.3. Market Revenue, by End User (2019-2030)
- 26.4. Market Revenue, by Technology (2019-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Offering (2019-2030)
- 27.3. Market Revenue, by End User (2019-2030)
- 27.4. Market Revenue, by Technology (2019-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Offering (2019-2030)
- 28.3. Market Revenue, by End User (2019-2030)
- 28.4. Market Revenue, by Technology (2019-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Siemens AG
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Honeywell International Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Johnson Controls International plc
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. ABB Group
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Schneider Electric SE
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Mitsubishi Electric Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Robert Bosch GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Trane Technologies plc
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Rockwell Automation Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
