Argentina Silicone Elastomer Market Size & Outlook
Argentina silicone elastomer market, 2019-2030 (US$M)
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Argentina silicone elastomer market highlights
- The Argentina silicone elastomer market generated a revenue of USD 35.5 million in 2022 and is expected to reach USD 64.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.7% from 2023 to 2030.
- In terms of segment, lsr was the largest revenue generating product in 2022.
- RTV is the most lucrative product segment registering the fastest growth during the forecast period.
Silicone elastomer market data book summary
| Market revenue in 2022 | USD 35.5 million |
| Market revenue in 2030 | USD 64.3 million |
| Growth rate | 7.7% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data | 2019 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HTV, RTV, LSR |
| Key market players worldwide | China National Bluestar Group, Dow Inc, MicroAlgo Inc, Momentive, Shin-Etsu Chemical Co Ltd, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.6% of the global silicone elastomer market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil silicone elastomer market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 246.2 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina silicone elastomer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicone elastomer market will help companies and investors design strategic landscapes.
Lsr was the largest segment with a revenue share of 63.1% in 2022. Horizon Databook has segmented the Argentina silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
According to the Organisation for Economic Co-operation and Development (OECD), Argentina is a major player in global agriculture markets. This is supported by policies introduced by the government for the growth of food processing & agricultural sector.
In June 2022, the government of Argentina, the UN’s International Fund for Agricultural Development (IFAD), and FONPLATA Development Bank launched a new rural development project to increase agroecology-based production.
The growth of agricultural sector is expected to drive the demand for gaskets made from PTFE, EPDM, silicone, nitrile, and non-asbestos fibers. The gaskets are highly used in food processing industry owing to their extremely stable and inert nature.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into Argentina silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina silicone elastomer market size, by product, 2019-2030 (US$M)
Argentina Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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