SILICONE ELASTOMERS MARKET ANALYSIS

Regional Analysis

Market Outlook

Among regions, Asia Pacific, Europe, and North America are expected to generate the highest market share in the global silicone elastomers market. Increasing number of electronic and electrical industries, combined with rapid industrialization in emerging economies such as China and India is estimated to favour growth of the market in the region. Moreover, high demand for applications such as sealing, bonding, and insulation from the automotive industry in Asia Pacific will provide growth opportunities to the market. Europe and North America are expected to witness stable demand for silicone elastomers in comparison to demand from countries such as China, Japan and South Korea. Other regions such as Africa and the Middle East will also account for a considerable share in the growth of the market on a global scale.