France Silicone Elastomer Market Size & Outlook, 2022-2030
France silicone elastomer market, 2019-2030 (US$M)
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France silicone elastomer market highlights
- The France silicone elastomer market generated a revenue of USD 89.2 million in 2022 and is expected to reach USD 164.6 million by 2030.
- The France market is expected to grow at a CAGR of 8% 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 89.2 million |
| Market revenue in 2030 | USD 164.6 million |
| Growth rate | 8% (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, France accounted for 1.6% 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 Europe, Germany silicone elastomer market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,101.1 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
France 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 60.31% in 2022. Horizon Databook has segmented the France silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
Increasing production and sales of cars in France and improving macroeconomic outlook are expected to be the main drivers for the growth of the silicone elastomers market in France. The market is continuously evolving owing to the constant research and development activities related to automobiles.
However, the implementation of stringent labeling regulations and intense competition among producers of silicone elastomers in France are anticipated to hamper the growth of the market over the forecast period. According to the World Bank, France is characterized as an advanced and industrialized economy.
Major contributors to the growth of the economy include its manufacturing, energy, technology, and transportation industries. Gaskets and seals are increasingly used in the aforementioned industries to avoid loss of energy and ensure safety by preventing leakages.
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Horizon Databook provides a detailed overview of country-level data and insights on the France silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into France silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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France silicone elastomer market size, by product, 2019-2030 (US$M)
France Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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