Canada Silicone Elastomer Market Size & Outlook, 2022-2030
Canada silicone elastomer market, 2019-2030 (US$M)
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Canada silicone elastomer market highlights
- The Canada silicone elastomer market generated a revenue of USD 213.1 million in 2022 and is expected to reach USD 379.4 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.5% 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 213.1 million |
| Market revenue in 2030 | USD 379.4 million |
| Growth rate | 7.5% (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, Canada accounted for 3.7% 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 North America, U.S. silicone elastomer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,046.8 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 60.91% in 2022. Horizon Databook has segmented the Canada silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
The flourishing automotive industry in Canada is anticipated to fuel the demand for silicone elastomers owing to the rising demand for new vehicles in the country. This increase in demand for new vehicles in Canada can be attributed to the aging baby boom population in Canada and the U.S.
Moreover, favorable economic conditions are anticipated to continue supporting the growth of the motor vehicle manufacturing industry in Canada. Advancements in power trains are expected to lead to the production of clean and green cars.
In addition, the country has expertise in public transportation and commercial equipment production. These factors are expected to lead to the overall growth of the automotive industry in Canada, thereby driving the demand for gaskets, door seals, window seals, and hood seals.
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into Canada silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada silicone elastomer market size, by product, 2019-2030 (US$M)
Canada Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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