The report covers the global silicone elastomers market and also divides it on the basis of type, process, applications, and region. The market data for these silicone elastomers types are given with respect to volume (tons) and value ($million). The global market size by value of silicone elastomers was estimated to be $6,500.60 million in 2013 and is projected to grow at a CAGR of about 9.28% between 2014 and 2019. The data mentioned in the report are based on the global demand for silicone elastomers.
The impact of different market factors, such as drivers, restraints, opportunities, and challenges are also illustrated in the report. This gives an idea about the key drivers, such as silicone elastomers being highly superior in terms of quality; growth in the end-user industries such as automotive, healthcare, electrical & electronics, and others. The higher manufacturing cost leads to increase in the prices of silicone elastomers is acting as a restrain for the end-user industries.
The key companies in this market are Dow Corning Corporation (U.S.), Wacker Chemie A.G. (Germany), Momentive Performance Materials Inc. (U.S.), Shin-Etsu Chemical Co., Ltd (Japan), China National Bluestar Group (China), Wynca Group (China), Mesgo S.p.A. (Italy), and Speciality Silicone Products Inc.(U.S.). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product launch and development were the most preferred strategies of the top players from 2010-2014 that were driving the demand of silicone elastomers. Their strategy helps to capture the market in different end user industries.
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