>>Market Overview<<
Silicone rubber, an elastomeric material is inert, stable, highly resistant to the extreme work environments. Moreover, some of the other substantial properties exhibited by the silicone rubber such as the high withstand ability for a broader range of temperature (75°F to 500°F) as compared to nearly all other elastomers, high wear and tear strength, great elongation, and high flexibility makes it an ideal component for a range of applications in automotive and construction industry.
Additionally, the highly non-conductive, silicone rubbers market size maintain greater dielectric strength and resistance to water, oxidation, various acids, solvents, oils, and fuels which make them ideal for the use in electronics materials. The silicone rubber products are widely used in almost all the rapidly growing industries such as automotive, construction and electronics. The augmented use in some of the burgeoning industries consecutively escalates the market on the global platform.
Considering the potential of the market to grow further in the years to come, Market Research Future (MRFR) in its recently published analysis asserts that the global silicone rubber market is expected to witness exponential growth by 2023, growing at a considerable CAGR during the review period (2018-2023). The global factors influencing the overall rubber market are bound to affect the market of silicone rubber equally.
Additional factors propelling the growth of the silicon rubber market include the ever-increasing population and urbanization worldwide. Improving economic conditions, worldwide, provide impetus to market growth, improving the consumers’ purchasing power. Substantial investments made in the R&D to develop new innovative products, by the eminent market players are paying off well, pushing up the market growth.
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Increasing building & construction activities, worldwide, are significantly driving the overall demand for the product. Similarly, the growing demand for the high solvent, chemical, oil, and fuel resistant rubber in automotive and electronics applications accounts for a key driving force accelerating the market growth.
On the other hand, factors such as the volatility in the prices of raw materials required for the production of silicone rubbers and rapid research in the field of development of eco-friendly and innovative products are expected to impede the market growth over the assessment period.
Nevertheless, the increasing demand for weather and cold resistant products such as wetsuits in marine applications, and growing demand for silicone-based bearing pads in building bridges owing to increasing inter-trade & transportation is anticipated to support the growth of the silicone rubber market during the review period.
Competitive Analysis:
The leading players in the global silicone rubber market are CHT Group (Germany), KCC CORPORATION (South Korea), Elkem Silicones (Norway), MESGO S.p.A. (Italy), Momentive (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. (Japan), Reiss Manufacturing, Inc. (US), SIMTEC Silicone Parts (US), Shenzhen Inno Silica Co., Ltd. (China).
Market Segmentation:
The global silicone rubber market has been segregated on the basis of type, application, and region.
By type, the global silicone rubber market has been segregated into liquid silicone rubber, high consistency rubber, and fluorosilicone rubber, and others.
Based on application, the market is categorized into automotive, medical, construction, electronics, footwear, consumer goods, sportswear, and others.
The global silicone rubber market has been studied across the five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Regional Analysis:
The global silicone rubber market has been segmented across five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific is anticipated to grow at the highest CAGR owing to the rising product demand in the automotive, healthcare, footwear, and electronics industries. In addition, the silicone rubbers are widely used in rapidly growing construction activities in this region. This is expected to fuel the market growth in the region during the review period.
North America is expected to witness significant growth during the forest period. This is mainly due to the advancements in the electronics and semiconductor industry along with the growing reconstruction activities in this region to meet the sustainability demands.
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The new research report titled "Silicone Rubber Heaters Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the silicone rubber heaters market include Wattco, OMEGA Engineering, Watlow, Tempco Electric Heater, Durex industries and Chromalox.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Silicone Rubber Heaters Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/silicone-rubber-heaters-market/download-sampleMarket DynamicsRising demand from the several industries such as food, aerospace and medical industries is one of the major factor driving the growth of the market.
Moreover, the flexible form factor, launch of innovative products, technological developments, and high acceptance of these heaters in medical applications are also driving the market toward major growth.
