North America Silicone Elastomer Market Size & Outlook
North America silicone elastomer market, 2019-2030 (US$M)
Related Markets
North America silicone elastomer market highlights
- The North America silicone elastomer market generated a revenue of USD 905.3 million in 2022.
- The market is expected to grow at a CAGR of 7.9% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 905.3 million |
| Market revenue in 2030 | USD 1,658.2 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Lsr |
| Fastest growing segment | RTV |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 15.9% of the global silicone elastomer market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,577.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 60.89% in 2022. Horizon Databook has segmented the North America silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
The manufacturing industry is a vital component of the economy of North America. It is an essential driving force for increased productivity, innovations, and economic growth in the region, presenting lucrative growth opportunities for companies based in North America.
However, domestic manufacturers based in the region are at a disadvantage against global companies owing to various reasons such as uncompetitive legacy commitments, insufficient investments, short-term profit agendas, high structural and compliance costs, old facilities and equipment, massive national debts, and several other state policies.
Gaskets, seals, and O-rings market in North America is anticipated to grow significantly over the forecast period owing to the stringent implementation of guidelines by the Environmental Protection Agency (EPA) and the increased requirement for reducing hazardous emissions from rotating equipment used in the industrial sector.
Reasons to subscribe to North America silicone elastomer market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America silicone elastomer market databook
-
Our clientele includes a mix of silicone elastomer market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America silicone elastomer market , including forecasts for subscribers. This continent databook contains high-level insights into North America silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America silicone elastomer market size, by country, 2019-2030 (US$M)
North America Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
