According to the research report titled ‘Global Silicone rubber sheet Market Size study with COVID Impact, by Type (Insulation Sheet, Antistatic Sheet, Conductive Sheet) by Application (Pharmaceutical Industries, Food Processing Industries, Glass Manufacturing, Chemical Industries and others) and Regional Forecasts 2020-2027’, available with Market Study Report, global silicone rubber sheet market is expected to amass considerable revenues by the year 2027.
 

For those uninitiated, silicone rubber sheet as in synthetic elastomer which is made from a cross-linked polymer and silicone. It tends to remain highly elastic and rubbery and is available in various types, based on design specifications as well as applications.
 

Growing demand for high temperature bearing silicon elastomers and their widespread adoption in roofing and flooring applications are major factors driving the growth of silicone rubber sheet market.
 

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As per the data by Statista, worldwide silicone sealant market is estimated to record 820,000 metric tons by the year 2023. The product offers exceptional resistance to oxidizing elements, ultraviolet light, and oil among others. Rising adoption of silicone sealants in automotive, packaging, and construction industries owing to its physicochemical properties is adding traction to the overall market growth.
 

Strategic collaborations and innovative product launches among market majors is also facilitating the business scenario. In October 2019, for instance, Wacker Chemie AG spent over USD 150 million to produce pyrogenic silica at its new facility in the U.S. However, fluctuating prices of raw materials may act as a restraining factor for the expansion of global silicone rubber sheet market.
 

Considering the geographical landscape, North America silicone rubber sheet industry is estimated to grow significantly during the forecast duration, primarily due to widespread adoption of the product in applications such as flooring and roofing.
 

On the other hand, emerging economies such as South Africa, Brazil, China, and India are poised to be major revenue contributors to the overall market share in the ensuing years. Growing demand for high-end and lightweight automobiles is favoring the market outlook in these regions.
 

Quick Cut Gasket & Rubber Corp., Anamet Electrical Inc., CS Hyde Company, Kent & Yorkshire Gaskets Limited, Diversified Silicone Products Inc., Fuji Polymer Industries Co. Ltd., MER-Europe, Silex Silicone Ltd., White Cross Rubber Products Ltd., and Silicone Engineering are the major companies in global silicone rubber sheet market.