UK Silicone Elastomer Market Size & Outlook, 2022-2030
UK silicone elastomer market, 2019-2030 (US$M)
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UK silicone elastomer market highlights
- The UK silicone elastomer market generated a revenue of USD 293.7 million in 2022 and is expected to reach USD 545.7 million by 2030.
- The UK market is expected to grow at a CAGR of 8.1% 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 293.7 million |
| Market revenue in 2030 | USD 545.7 million |
| Growth rate | 8.1% (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, UK accounted for 5.2% 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 |
|---|
UK 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 62.65% in 2022. Horizon Databook has segmented the UK silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
Construction is one of the largest sectors in the UK employing a large portion of the population. The UK Government, through its Clean Growth Grand Challenge, plans to halve the energy usage of new buildings by 2030. This is anticipated to drive the demand for weathering strips in the UK.
Window weathering strips are used to seal windows, helping in maintaining the temperature inside buildings and reducing their dependency on heating, ventilation, and air-conditioning (HVAC) systems. This results in energy savings.
The initiatives undertaken by the government to reduce energy consumption in construction sector are expected to drive the demand for silicone elastomers, thereby fueling the growth of the market from 2022 to 2030.
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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 UK silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into UK silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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UK silicone elastomer market size, by product, 2019-2030 (US$M)
UK Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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