High Consistency Silicone Rubber Market to be dominated by Asia-pacific region through 2027
Rapid industrialization in
the developing countries and the high demand from the chemical and
petrochemical industry are expected to drive the demand for the global high
consistency silicone rubber market in the forecast period, 2023-2027.
According to TechSci Research
report, “High Consistency Silicone Rubber Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027”, the global high consistency
silicone rubber market is anticipated to grow at a steady rate in the forecast
period, 2023-2027. Rapid advancements in the fabrication process industry and
the high demand from the electrical and electronics industry are the primary
factors driving the demand for the global high consistency silicone rubber
market.
However, the availability of
alternate solutions may hinder the global high consistency silicone rubber
market growth over the forecast period.
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data Figures spread through 110 Pages and an in-depth TOC on " Global High Consistency Silicone Rubber Market"
The global high consistency
silicone rubber market is segmented process, end-use, regional
distribution, and competitive landscape.
Based on process, the global
high consistency silicone rubber market is divided into injection, extrusion,
compression, and others. The extrusion segment is expected to hold the largest
market share in the forecast period, 2023-2027. High consistency silicone
rubber parts produced through the extrusion process can have a wall-like
thickness that ranges from less than 0.01 inches up to three inches. They also
offer a wide range of elastomeric performance, having a durometer in the range
of 30 to 80 types.
Based on end-use, the global
high consistency silicone rubber market is divided into electronics, food,
pharmaceuticals, medical, chemical & petrochemical, and others. The
electronics industry dominates the market and is expected to maintain its
dominance over the next five years. Due to its high thermal and chemical
resistance, high consistency silicone rubber is used in the manufacturing of
several components. The rise in the expenditure capacity of consumers is
boosting the sales of computers, smartphones, and laptops worldwide.
Electronics market players are introducing novel products to increase their
market share in the global market. With the growing electronics industry, the
demand for global high consistency silicone rubber is expected to grow in the
coming years.
Major market players
operating in the global high consistency silicone rubber market are:
·
Dow
Corning
·
Shin-Etsu
·
Wacker
Chemie AG
·
SIMTEC
Silicone Parts
·
Dongguan
Jingliwei Silicone Tech Ltd
·
Fowcomm
·
Elkem
Silicones
·
KCC
Corporation
·
Shenzhen
Inno Silica Co., Ltd
·
CHT
Group
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“The Asia-pacific region
dominates the market and is expected to maintain its dominance over the
forecast period, 2023-2027. Rapid urbanization, a growing population, and
strong economic growth are boosting the growth of the prominent industry
verticals in the region. Manufacturers are setting up their manufacturing
plants in the region and are making the use of high consistency silicone rubber
for fabrication purposes. The medical and pharmaceuticals industry is one of
the fastest growing end-use industries in the region. The rise in the use of
high consistency silicone rubber in the different medical and pharmaceutical
industries due to its higher versatility and massive demand from developing
countries are expected to propel the global high consistency silicone rubber
market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“High Consistency
Silicone Rubber Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027, Segmented By Process (Injection, Extrusion, Compression,
Others), By End-Use (Electronics, Food, Pharmaceuticals, Medical, Chemical
& Petrochemical Others), and By Region”, has evaluated the future
growth potential of global high consistency silicone rubber market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global high consistency silicone rubber market.
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