Japan Silicone Elastomer Market Size & Outlook, 2022-2030
Japan silicone elastomer market, 2019-2030 (US$M)
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Japan silicone elastomer market highlights
- The Japan silicone elastomer market generated a revenue of USD 592.1 million in 2022 and is expected to reach USD 1,129.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.4% 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 592.1 million |
| Market revenue in 2030 | USD 1,129.1 million |
| Growth rate | 8.4% (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, Japan accounted for 10.4% 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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Japan 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 61.78% in 2022. Horizon Databook has segmented the Japan silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
According to the World Bank, Japan is a highly developed and market-oriented economy. The country is the second most-developed economy in the world and is the largest manufacturer of electronic goods and the third-largest manufacturer of automobiles in the world.
In addition, it has been consistently ranked among the top countries in the world in different measures including patent filings. In the recent past, Japan has majorly focused on manufacturing high-tech and precision products such as robotics, optical instruments, and hybrid vehicles.
The country is making efforts to diversify manufacturing sector due to severe competition faced by neighboring countries such as China and South Korea. The Kansai Kanto is one of the major industrial regions, apart from numerous manufacturing clusters spread across Japan.
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Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Japan silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into Japan silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Japan silicone elastomer market size, by product, 2019-2030 (US$M)
Japan Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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