What is the silicone elastomers market growth?

Posted by pooja on August 25th, 2022

The size of the silicone elastomer market has been estimated to grow at a significant speed in the forthcoming years. This rapid growth in the market is on the basis of rising demand for silicone elastomer from the automotive industry. In addition to this, increasing sales of commercial vehicles and passenger automobiles have also been estimated to fuel growth impetuses in the global market in the coming years.

The silicone elastomers have been used in high-performance applications that commonly include hostile situations as some other polymeric materials are not used in these areas. So, on the basis of these increasing applications in numerous industries, the silicone elastomer market has been estimated to create novel growth impetuses in the foreseeable years.

Some of the key players in the silicone elastomer market are:

  • Wacker Chemie AG (Wacker)
  • Elkem AS
  • KCC Corporation
  • ICM Products Group
  • Shin-Etsu Chemical Co., Ltd.
  • Mesgo S.p.A.
  • The Dow Chemical Company
  • Reiss Manufacturing, Inc.
  • Momentive Performance Materials Inc.
  • Specialty Silicone Products Inc.

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pooja
Joined: July 27th, 2022
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