Asia Pacific Silicone Elastomer Market Size & Outlook
Asia Pacific silicone elastomer market, 2019-2030 (US$M)
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Asia Pacific silicone elastomer market highlights
- The Asia Pacific silicone elastomer market generated a revenue of USD 3,238.6 million in 2022.
- The market is expected to grow at a CAGR of 9.3% 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.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 3,238.6 million |
| Market revenue in 2030 | USD 6,577.7 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Asia Pacific region accounted for 56.8% of the global silicone elastomer market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,577.7 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 61.64% in 2022. Horizon Databook has segmented the Asia Pacific silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
As of 2022, Asia Pacific dominates the global silicone elastomers market, and this trend is projected to continue over the forecast period. The silicone elastomers market in Asia Pacific is primarily driven by the ascending demand for the product from key application industries including automotive, building & construction, and electrical & electronics.
Over the past few years, manufacturing industry in Asia Pacific has been attracting significant investments from leading MNCs. Countries in Northeast Asia are focused on promoting their economies to grow in key sectors pertaining to raw material extraction, manufacturing, and services.
Thus, governments across the region have transformed rural industries into well-equipped world-class manufacturing facilities through the implementation of protectionism, financial investment, and regulatory support.
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Target buyers of Asia Pacific silicone elastomer market databook
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific silicone elastomer market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific silicone elastomer market size, by country, 2019-2030 (US$M)
Asia Pacific Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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