Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Silicone Elastomers Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Silicone Elastomers Market Growth?
The Silicone Elastomers market has shown substantial growth over the years. The market size increased from $8.53 billion in 2024 to $9.12 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%.
What Is the Predicted Industry Size and CAGR of the Silicone Elastomers Market in 2029?
In 2029, the market size for silicone elastomers is anticipated to reach $12.99 billion. The sector is projected to expand at a compound annual growth rate (CAGR) of 9.3%.
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Which Factors Are Driving Growth in the Silicone Elastomers Market?
The key Drivers in the silicone elastomers market are:
• Rapid expansion in the automotive industry
• Growth of the construction industry
• Increased usage of silicone elastomers in engine and gearbox gasketing
• Rising demand for silicone elastomers in power-train sealing and battery modules.
Which Segment Trends Are Covered in the Silicone Elastomers Market Forecast?
The silicone elastomersmarket covered in this report is segmented –
1) By Product: High Temperature Vulcanized, Room Temperature Vulcanizing, Liquid Silicone Rubber
2) By Process: Compression Molding, Liquid Injection Molding, Injection Molding, Extrusion, Other Process Types
3) By End User: Automotive and Transportation, Electrical and Electronics, Healthcare, Consumer Goods, Industrial Machinery, Other End Users
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What Are the Current Market Trends in the Silicone Elastomers Industry?
The key trends in the silicone elastomers market are:
• The trend of using elastomer blends to improve properties is shaping the industry.
• There is a focus on producing products that not only target specific skin conditions but also enhance user comfort.
• The industry is seeing a focus on ensuring regulatory compliance amidst changing requirements.
• Companies are increasingly aligning their operations with the United Nations Sustainable Development Goals to promote overall health and well-being.
Who are the Key Companies in the Silicone Elastomers Market?
The key players in the silicone elastomers market are:
• Mesgo SPA
• Momentive Performance Materials Inc.
• Shin-Etsu Chemical Co.
• KCC Corporation Ltd.
• China National BlueStar (Group) Co. Ltd.
• Specialty Silicone Products
• ContiTech AG.
• Dow Corning Inc.
• Wacker Chemie AG
• Allergan Inc.
• Saint-Gobain
• Bentec Medical LLC
• Zhejiang Xinan Chemical Group Company Limited
• Reiss Tech Inc.
• Cabot Corporation
• Shenzhen Inno Silica Co. Ltd.
• ICM Products Inc.
• 2D Chemical Ltd.
• Elkem ASA
• Silchem Inc.
• Novagard Solutions
• Quantum Silicones LLC
• Accurate Products Co.
• Nusil Technology LLC
• Silteq Limited
• Gelest Inc.
• Hoshine Silicon Industry Co.Ltd.
• Rogers Corporation
• Air Liquide S.A.
• Applied Silicone Corporation
What are the Regional Trends Across the Silicone Elastomers Market?
North America was the largest region in the silicone elastomers market in 2024
