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Silicone Elastomer Market by Type Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Application Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair Hardware, Construction Global Opportunity Analysis and Indus

06:53 EDT 2 Jul 2017 | BioPortfolio Reports

The silicone elastomer market was valued at $6,378 million in 2016, and is projected to reach $9,217 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. Silicone elastomer is an elastic material that consists of silicon, carbon, hydrogen, and oxygen along with fillers. It is available in various forms including open cell foams, solids, closed cell sponges, coupled with thermally electrically conductive elastomers. It is popularly used in cooking, baking food storage products, undergarments, sportswear, and footwear due to their versatility and ease in shaping as well as manufacturing. Owing to its high dielectric strength, heat stability, and good mechanical strength, it is used in electronics, medical devices, and hardware to develop spark plug boots, ignition cables, door seals, and hoses. In addition, it is used in mold making, electrocasting, pad printing, industrial bonding, and sealing. Silicone elastomers are more efficient and superior than natural rubbers; thus, they can be utilized as a substitute for the latter. Increase in adoption in medical, automotive, and healthcare industries boosts the demand for silicon rubber in the global market. Developments and rise in demand in the automotive industry are expected to provide potential opportunities for expansion.

Original Article: Silicone Elastomer Market by Type Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Application Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair Hardware, Construction Global Opportunity Analysis and Indus

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