Germany Silicone Elastomer Market Size & Outlook
Germany silicone elastomer market, 2019-2030 (US$M)
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Germany silicone elastomer market highlights
- The Germany silicone elastomer market generated a revenue of USD 575.3 million in 2022 and is expected to reach USD 1,101.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 8.5% 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 575.3 million |
| Market revenue in 2030 | USD 1,101.1 million |
| Growth rate | 8.5% (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, Germany accounted for 10.1% 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 |
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Germany 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 59.12% in 2022. Horizon Databook has segmented the Germany silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
Germany is a leading automotive market in Europe in terms of production and sales of vehicles. The country accounts for a major share of the total passenger vehicles manufactured in the region. There has been an increasing demand for silicone elastomers-based components from vehicle manufacturers in Germany.
This is expected to fuel the growth of the market in the country from 2022 to 2030. The automotive industry in Germany is projected to grow significantly in the coming years owing to the presence of a state-of-the-art technology, suitable infrastructures, dynamic investment opportunities, and international research facilities.
However, the current geopolitical tensions in Europe owing to the Russia-Ukraine conflict have resulted in reduction in vehicle production rates in Germany. For instance, Mercedes Benz AG has announced a decline in its vehicle production rates in Hungary and Germany.
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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 Germany silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into Germany silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Germany silicone elastomer market size, by product, 2019-2030 (US$M)
Germany Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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