As per the research report titled ‘Silicone Elastomer Market Share, Size, Trends & Industry Analysis Report By Product Type, By Process, By End-Use, By Regions]: Segment Forecast, 2018 – 2026’ available with Market Study Report, global silicone elastomer market valuation is anticipated to account for USD 9.34 billion, registering a CAGR of 5.1% over 2018-2026.
 

Industry experts claim that emergence of advanced LSR (liquid silicone rubber) technology  coupled with evolution of the self-treatment trend for chronic ailments such as autoimmune diseases and hormone diseases are augmenting the growth of global silicone elastomer market size.
 

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Increasing adoption of silicone elastomers in the construction and equipment manufacturing verticals, extreme versality of the product, and other advantageous attributes are further fueling the industry expansion.
 

Furthermore, rising utilization of the product in medical appliances, increasing adoption of autonomous cars, escalating demand for LSR components, growing affluent population, and stringent government regulations pertaining to environmental protection are stimulating the global silicone elastomer market outlook.
 

Based on product type, global silicone elastomer industry share from the high temperature vulcanized/high consistency rubber segment is predicted to grow significantly over the forecast period. Rising product adoption across several industry verticals such as medical, food, process & mechanical engineering, construction, distribution, automotive, electrical, and electronics among others are fueling the segmental share.
 

With regards to process type, the market is bifurcated into compression molding, injection molding, liquid injection molding, extrusion, and others. The end-use terrain of the industry comprises of construction, consumer goods, industrial machinery, automotive & transportation, healthcare, and electrical & electronics.
 

Regionally, Asia-Pacific silicone elastomer market is expected to attain considerable expansion during 2018-2026, owing to favorable economic conditions coupled with flourishing rubber and silicone industries in India and China.
 

Major players that define the global silicone elastomer industry trends are Zhejiang Xinan Chemical Industrial Group Co. Ltd., Specialty Silicone Products Inc., Reiss Manufacturing Inc., Shin-Etsu Chemical Co. Ltd., KCC Corporation, Mesgo S.p.A, Momentive Performance Materials Inc., Dow Silicones Corporation, and Wacker Chemie AG.