SILICONE ELASTOMERS MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Broad application in numerous end use industries such as healthcare, construction, aerospace, aviation, automotive, and consumer goods among others is driving demand for silicone elastomers across the globe. Growth of the automotive sector, increasing awareness of sterlizing surgical equipment, and increasing application in the consumer goods sector is expected to propel growth of the market. Furthermore, growth of the aviation sector in the next few years will result in demand for aerospace applications, which in turn will benefit demand for silicone elastomers. Silicone elastomers have several properties such as resistance to       extreme weather conditions, compression, tear strength, elongation, resistance to fire, thermal conductive, as well as superior tensile strength in certain cases than organic rubbers, make silicone elastomers an ideal choice for some industrial applications. Moreover, owing to its inertness, silicone elastomers can be used in medical settings such as implants. It is also highly suitable for infant care products because of its biocompatibility and hypoallergenic characteristics. Silicon elastomers have high chemical stability which inhibits any chemical reactions between substrates that come in contact with it, such as water, skin, blood, and so on.

However, factors such as fluctuation in cost of raw materials, and stagnant demand for silicone elastomers in developed economies is likely to hamper growth of the global silicone elastomers market.