India Silicone Elastomer Market Size & Outlook, 2022-2030
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India silicone elastomer market highlights
- The India 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 India 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 2023 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, India accounted for 80.9% 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.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 411.8 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MicroAlgo Inc | View profile | 86 | Taoyuan Street, Unit 507, Building C, Long Jing High & New Technology Jingu Pioneer Park, Shenzhen, China, People's Republic of, 518052 | |
| China National Bluestar Group | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.china-bluestar.com/ |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Shin-Etsu Chemical Co Ltd | View profile | 25717 | 6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-0004 | http://www.shinetsu.co.jp |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
India 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 India silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
India is the third-largest automobile industry globally, which can be attributed to the low cost of production, skilled workforce, and strong consumer base demanding vehicle upgrades. The presence of several multinational car makers coupled with government initiatives for boosting the manufacturing sector in India is expected to attract foreign direct investments.
Indian defense manufacturing is a significant sector of the Indian economy and it is witnessing accelerated growth due to rising concerns over national security. The demand for defense equipment in India has been growing due to the ongoing territorial disputes with China and Pakistan over the ownership of the states of Arunachal Pradesh and Kashmir, respectively.
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Horizon Databook provides a detailed overview of country-level data and insights on the India silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into India silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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India silicone elastomer market size, by product, 2019-2030 (US$M)
India Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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