Product Code: PM1540
The silicone elastomers market size is expected to reach USD 19.34 billion by 2034, according to a new study by Polaris Market Research. The report "Silicone Elastomers Market Size, Share, Trends, & Industry Analysis Report: By Product (High-Temperature Vulcanize, Room-Temperature Vulcanize, and Liquid Silicone Rubber), By Process, By Application, and By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Silicone elastomers are flexible, rubber-like materials made from silicone polymers that exhibit excellent thermal stability, chemical resistance, and biocompatibility. They are widely used in medical devices, automotive parts, and consumer products due to their durability and versatility.
Industrialization, especially in developing countries, is boosting the demand for silicone elastomers. There is a growing need for high-performance materials that can be used in a wide range of machinery and equipment as new factories and industries are established. Silicone elastomers are favored because they are resistant to extreme temperatures, wear, and chemicals, making them suitable for heavy-duty industrial applications. Their use in sealing, insulation, and protection components supports efficient and safe operations. The industrial sector continues to drive strong demand for silicone elastomers across many different fields, with countries investing in infrastructure and manufacturing capabilities.
Silicone elastomers are gaining popularity in the healthcare sector due to their excellent biocompatibility, meaning they can safely interact with the human body. They are used in medical devices such as catheters, tubing, implants, and respiratory equipment. Their flexibility, stability, and ability to remain effective in both hot and cold temperatures make them perfect for sensitive medical applications. Silicone elastomers are becoming even more important as global healthcare systems expand and the demand for high-quality medical equipment grows. Additionally, the aging population and rising health awareness are further increasing the need for advanced and reliable medical products.
Silicone Elastomers Market Report Highlights
In 2024, by product, the liquid silicone rubber segment dominated the silicone elastomers market share, due to the wide usage of LSR in various applications, including injection molding.
The injection molding segment, by process, is expected to witness significant growth during the forecast period due to its increasing penetration and popularity regarding its ability to produce very large volumes in a short period at low costs compared to other manufacturing processes.
In 2024, Asia Pacific dominated the market, driven by increasing product demand from various major application sectors, including automotive, building & construction, and electrical & electronics.
The Europe market is expected to record the highest CAGR during the forecast period due to its strong industrial base and focus on innovation and sustainability.
A few global key market players are Akzo Nobel, Bentec Medical OpCo, Cabot Corporation, China National BlueStar, CHT Germany, Dow Inc., KCC Corporation, Marsh Bellofram., Momentive Performance Materials, Reiss Manufacturing, Shin-Etsu Chemical, SIGMA SOFT, Specialty Silicone Products, Stockwell Elastomerics, and Wacker Chemie.
Polaris Market Research has segmented the silicone elastomers market report on the basis of product, process, application, and region:
By Product Outlook (Revenue, USD Billion; 2020-2034)
High-Temperature Vulcanize
Room-Temperature Vulcanize
Liquid Silicone Rubber
By Process Outlook (Revenue, USD Billion; 2020-2034)
Extrusion
Liquid Injection Molding
Injection Molding
Compression Molding
Others
By Application Outlook (Revenue, USD Billion; 2020-2034)
Electrical & Electronics
Automotive & Transportation
Industrial Machinery
Consumer Goods
Construction
Others
By Regional Outlook (Revenue, USD Billion; 2020-2034)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Silicone Elastomers Market Insights
- 4.1. Silicone Elastomers Market - Market Snapshot
- 4.2. Silicone Elastomers Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing Demand from Automotive Industry
- 4.2.1.2. Growth of Construction Industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Environmental Concerns and Sustainability Challenges
- 4.2.3. Public opinion and privacy legal precedents
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Silicone Elastomers Market Trends
- 4.6. Value Chain Analysis
5. Global Silicone Elastomers Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 5.3. High-Temperature Vulcanize
- 5.3.1. Global Silicone Elastomers Market, by High-Temperature Vulcanize, by Region, 2020-2034 (USD Billion)
- 5.4. Room-Temperature Vulcanize
- 5.4.1. Global Silicone Elastomers Market, by Room-Temperature Vulcanize, by Region, 2020-2034 (USD Billion)
- 5.5. Liquid Silicone Rubber
- 5.5.1. Global Silicone Elastomers Market, by Liquid Silicone Rubber, by Region, 2020-2034 (USD Billion)
6. Global Silicone Elastomers Market, by Process
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 6.3. Extrusion
- 6.3.1. Global Silicone Elastomers Market, by Extrusion, by Region, 2020-2034 (USD Billion)
- 6.4. Liquid Injection Molding
- 6.4.1. Global Silicone Elastomers Market, by Liquid Injection Molding, by Region, 2020-2034 (USD Billion)
- 6.5. Injection Molding
- 6.5.1. Global Silicone Elastomers Market, by B-Arrestin Functional Assays, by Region, 2020-2034 (USD Billion)
- 6.6. Compression Molding
- 6.6.1. Global Silicone Elastomers Market, by Compression Molding, by Region, 2020-2034 (USD Billion)
- 6.7. Others
- 6.7.1. Global Silicone Elastomers Market, by Others, by Region, 2020-2034 (USD Billion)
7. Global Silicone Elastomers Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 7.3. Electrical & Electronics
- 7.3.1. Global Silicone Elastomers Market, by Electrical & Electronics, by Region, 2020-2034 (USD Billion)
- 7.4. Automotive & Transportation
- 7.4.1. Global Silicone Elastomers Market, by Automotive & Transportation, by Region, 2020-2034 (USD Billion)
- 7.5. Industrial Machinery
- 7.5.1. Global Silicone Elastomers Market, by Industrial Machinery, by Region, 2020-2034 (USD Billion)
- 7.6. Consumer Goods
- 7.6.1. Global Silicone Elastomers Market, by Consumer Goods, by Region, 2020-2034 (USD Billion)
- 7.7. Construction
- 7.7.1. Global Silicone Elastomers Market, by Construction, by Region, 2020-2034 (USD Billion)
- 7.8. Others
- 7.8.1. Global Silicone Elastomers Market, by Others, by Region, 2020-2034 (USD Billion)
8. Global Silicone Elastomers Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Silicone Elastomers Market Assessment, By Geography, 2020-2034 (USD Billion)
- 8.3. Silicone Elastomers Market - North America
- 8.3.1. North America: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.3.2. North America: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.3.3. North America: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.3.4. Silicone Elastomers Market - US
- 8.3.4.1. US: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.3.4.2. US: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.3.4.3. US: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.3.5. Silicone Elastomers Market - Canada
- 8.3.5.1. Canada: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.3.5.2. Canada: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.3.5.3. Canada: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4. Silicone Elastomers Market - Europe
- 8.4.1. Europe: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.2. Europe: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.3. Europe: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.4. Silicone Elastomers Market - UK
- 8.4.4.1. UK: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.4.2. UK: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.4.3. UK: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.5. Silicone Elastomers Market - France
- 8.4.5.1. France: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.5.2. France: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.5.3. France: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.6. Silicone Elastomers Market - Germany
- 8.4.6.1. Germany: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.6.2. Germany: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.6.3. Germany: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.7. Silicone Elastomers Market - Italy
- 8.4.7.1. Italy: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.7.2. Italy: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.7.3. Italy: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.8. Silicone Elastomers Market - Spain
- 8.4.8.1. Spain: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.8.2. Spain: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.8.3. Spain: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.9. Silicone Elastomers Market - Netherlands
- 8.4.9.1. Netherlands: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.9.2. Netherlands: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.9.3. Netherlands: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.10. Silicone Elastomers Market - Russia
- 8.4.10.1. Russia: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.10.2. Russia: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.10.3. Russia: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.4.11. Silicone Elastomers Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.4.11.2. Rest of Europe: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.4.11.3. Rest of Europe: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5. Silicone Elastomers Market - Asia Pacific
- 8.5.1. Asia Pacific: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.4. Silicone Elastomers Market - China
- 8.5.4.1. China: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.4.2. China: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.4.3. China: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.5. Silicone Elastomers Market - India
- 8.5.5.1. India: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.5.2. India: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.5.3. India: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.6. Silicone Elastomers Market - Malaysia
- 8.5.6.1. Malaysia: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.6.2. Malaysia: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.6.3. Malaysia: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.7. Silicone Elastomers Market - Japan
- 8.5.7.1. Japan: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.7.2. Japan: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.7.3. Japan: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.8. Silicone Elastomers Market - Indonesia
- 8.5.8.1. Indonesia: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.8.2. Indonesia: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.8.3. Indonesia: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.9. Silicone Elastomers Market - South Korea
- 8.5.9.1. South Korea: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.9.2. South Korea: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.9.3. South Korea: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.10. Silicone Elastomers Market - Australia
- 8.5.10.1. Australia: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.10.2. Australia: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.10.3. Australia: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.5.11. Silicone Elastomers Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.6. Silicone Elastomers Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.6.4. Silicone Elastomers Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.6.4.2. Saudi Arabia: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.6.4.3. Saudi Arabia: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.6.5. Silicone Elastomers Market - UAE
- 8.6.5.1. UAE: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.6.5.2. UAE: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.6.5.3. UAE: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.6.6. Silicone Elastomers Market - Israel
- 8.6.6.1. Israel: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.6.6.2. Israel: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.6.6.3. Israel: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.6.7. Silicone Elastomers Market - South Africa
- 8.6.7.1. South Africa: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.6.7.2. South Africa: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.6.7.3. South Africa: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.6.8. Silicone Elastomers Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.7. Silicone Elastomers Market - Latin America
- 8.7.1. Latin America: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.7.4. Silicone Elastomers Market - Mexico
- 8.7.4.1. Mexico: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.7.4.2. Mexico: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.7.4.3. Mexico: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.7.5. Silicone Elastomers Market - Brazil
- 8.7.5.1. Brazil: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.7.5.2. Brazil: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.7.5.3. Brazil: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.7.6. Silicone Elastomers Market - Argentina
- 8.7.6.1. Argentina: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.7.6.2. Argentina: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.7.6.3. Argentina: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
- 8.7.7. Silicone Elastomers Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Silicone Elastomers Market, by Product, 2020-2034 (USD Billion)
- 8.7.7.2. Rest of Latin America: Silicone Elastomers Market, by Process, 2020-2034 (USD Billion)
- 8.7.7.3. Rest of Latin America: Silicone Elastomers Market, by Application, 2020-2034 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Akzo Nobel
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Bentec Medical OpCo
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Cabot Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. China National BlueStar
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. CHT Germany
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Dow Inc.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. KCC Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Marsh Bellofram.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Momentive Performance Materials
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Reiss Manufacturing
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Shin-Etsu Chemical
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. SIGMA SOFT
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Specialty Silicone Products
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Stockwell Elastomerics
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Wacker Chemie
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development