PUBLISHER: The Business Research Company | PRODUCT CODE: 1653378
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653378
Silicone elastomers are versatile materials extensively used for electrical insulation purposes, including as sheets, tapes, coverings for wires and cables, extruded sleeving, moldings, and various other applications. These elastomers, known for their heat stability and elasticity, play a crucial role in providing high-quality prefabricated building elements.
The main types of silicone elastomers include high-temperature vulcanized, room temperature vulcanized, and liquid silicone rubber. High-temperature vulcanized rubber exhibits robust mechanical properties within the elastomer product space and is employed in processes such as compression molding, extrusion, and injection molding. Different process types involved in the manufacturing of silicone elastomers include compression molding, liquid injection molding, injection molding, extrusion, and others. These silicone elastomers find applications across various industries, including automotive and transportation, electrical and electronics, healthcare, consumer goods, industrial machinery, and other end-user sectors.
The silicone elastomers market research report is one of a series of new reports from The Business Research Company that provides silicone elastomers market statistics, including silicone elastomers industry global market size, regional shares, competitors with a silicone elastomers market share, detailed silicone elastomers market segments, market trends and opportunities, and any further data you may need to thrive in the silicone elastomers industry. This silicone elastomers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The silicone elastomers market size has grown strongly in recent years. It will grow from $8.53 billion in 2024 to $9.23 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to industrial and automotive applications, sealing and gasket materials, medical and healthcare product demand, growth in construction and infrastructure, consumer and personal care products.
The silicone elastomers market size is expected to see strong growth in the next few years. It will grow to $13.33 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to automotive lightweighting and ev components, medical and wearable device innovation, sealing solutions for renewable energy, industrial automation and robotics, silicone elastomers in 5g infrastructure, consumer demand for silicone in cosmetics. Major trends in the forecast period include liquid silicone rubber (LSR) for 3D printing, bio-based and biodegradable silicone elastomers, self-healing and shape-memory elastomers, conductive and stretchable silicone materials, silicone elastomers for soft robotics, customized silicone formulations for specific applications.
The rapid expansion of the automotive and construction industries is anticipated to drive the growth of the silicone elastomers market in the future. The construction sector involves the installation and assembly of project equipment and materials. Silicone elastomers are extensively utilized in both the automotive and construction industries for applications such as engine and gearbox gasketing, powertrain sealing, and battery modules. Consequently, growth in these industries boosts the demand for silicone elastomers. For example, in November 2023, Statistics Canada, a government agency, reported a slight increase in the total number of registered road motor vehicles in Canada, which reached 26.3 million in 2022. This represented a 0.3% rise compared to the previous year, equating to an additional 78,655 vehicles on the roads. Therefore, the rapid growth in the automotive and construction sectors is expected to propel the silicone elastomers market.
The growth of the healthcare industry is expected to significantly boost the silicone elastomers market in the coming years. The healthcare industry encompasses various sectors of the economic system that provide products and services for curing, preventing, rehabilitating, and offering palliative care to patients. Silicone elastomers are extensively utilized in healthcare due to their biocompatibility, durability, and flexibility, making them crucial for medical devices, implants, and seals. For instance, in May 2023, the American Health Care Association, a US-based nonprofit organization, reported an increase in the number of hospitals in the US, rising from 6,093 in 2022 to 6,129. Additionally, in July 2024, the American Medical Association, a US-based association and lobbying group for physicians and medical students, noted that health spending in the U.S. grew by 4.1% in 2022, reaching $4.5 trillion, or $13,493 per person. Therefore, the expansion of the healthcare industry is driving the growth of the silicone elastomers market.
Major companies in the silicone elastomers market are prioritizing customer experience by developing innovative products, such as elastomer blends, to create visually appealing and effective formulations. A silicone elastomer blend is a composite material that merges silicone elastomers with other polymers or materials to improve specific properties. For example, in April 2023, DuPont de Nemours, Inc., a US-based chemicals company, launched new silicone elastomer blends for topical applications. This new range includes low-cyclosiloxane silicone elastomer and silicone resin blends designed to address the increasing consumer demand for products aimed at various skin conditions. These blends not only enhance the delivery of active pharmaceutical ingredients in topical formulations but also prioritize user experience and comfort. Additionally, they are designed to comply with evolving regulatory standards and support commitments toward achieving the United Nations Sustainable Development Goals, particularly in promoting good health and well-being for all.
Companies operating in the silicone elastomers market are strategically developing new silicone products for the cosmetics and hair-care industries. Silicone products, valued for their smoothing, emollient, and protective properties, are commonly used in a variety of cosmetic and hair-care products, ranging from hair serums to foundation primers. Wacker Chemie AG, for example, introduced four innovative silicone products in March 2023, designed for applications in the cosmetics and hair-care industries. These offerings include silicone elastomer gels and gum blends, with a novel formulation approach that incorporates organic solvents, providing greater flexibility in meeting regulatory requirements effectively.
In May 2024, Wacker Chemie AG, a chemical company based in Germany, acquired BioMed Sciences Inc. for an undisclosed sum. This strategic acquisition is intended to strengthen WACKER's ability to produce silicone-coated healthcare products, especially within the expanding market for medical devices and wound care solutions. BioMed Sciences Inc. is a US-based medical technology company that specializes in providing silicone elastomeric sheets.
Major companies operating in the silicone elastomers market include Mesgo SPA, Momentive Performance Materials Inc., Shin-Etsu Chemical Co., KCC Corporation Ltd., China National BlueStar (Group) Co. Ltd., Specialty Silicone Products, ContiTech AG., Dow Corning Inc., Wacker Chemie AG, Allergan Inc., Saint-Gobain, Bentec Medical LLC, Zhejiang Xinan Chemical Group Company Limited, Reiss Tech Inc., Cabot Corporation, Shenzhen Inno Silica Co. Ltd., ICM Products Inc., 2D Chemical Ltd., Elkem ASA, Silchem Inc., Novagard Solutions, Quantum Silicones LLC, Accurate Products Co., Nusil Technology LLC, Silteq Limited, Gelest Inc., Hoshine Silicon Industry Co.Ltd., Rogers Corporation, Air Liquide S.A., Applied Silicone Corporation
North America was the largest region in the silicone elastomers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the silicone elastomers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the silicone elastomers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The silicone elastomers market consists of sales of high-consistency rubber and fluorosilcone. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Silicone Elastomers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on silicone elastomers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for silicone elastomers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The silicone elastomers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.