China Silicone Elastomer Market Size & Outlook, 2022-2030
China silicone elastomer market, 2019-2030 (US$M)
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China silicone elastomer market highlights
- The China silicone elastomer market generated a revenue of USD 1,642.5 million in 2022 and is expected to reach USD 3,394.4 million by 2030.
- The China market is expected to grow at a CAGR of 9.5% 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 1,642.5 million |
| Market revenue in 2030 | USD 3,394.4 million |
| Growth rate | 9.5% (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, China accounted for 28.8% 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 Asia Pacific, China silicone elastomer market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,394.4 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 61.92% in 2022. Horizon Databook has segmented the China silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
China silicone elastomers market is anticipated to witness considerable growth over the forecast period. The healthy growth of key manufacturing industries, including automotive and industrial machinery, is likely to contribute substantially toward the ascending demand for silicone elastomers in China.
Automotive industry in the country is expanding on account of the strong demand for automobiles as well as various commercial vehicle types including medium & heavy trucks and buses. This has resulted in an increased demand for tires and other synthetic rubber-based products.
The introduction of stringent regulations by the government of China regarding fuel efficiency in vehicles and the promotion of alternative energy vehicles, such as electric cars, are expected to propel the demand for specialty vehicles over the forecast period.
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into China silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China silicone elastomer market size, by product, 2019-2030 (US$M)
China Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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