U.S. Silicone Elastomer Market Size & Outlook, 2022-2030
U.S. silicone elastomer market, 2019-2030 (US$M)
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U.S. silicone elastomer market highlights
- The U.S. silicone elastomer market generated a revenue of USD 565.5 million in 2022 and is expected to reach USD 1,046.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8% 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 565.5 million |
| Market revenue in 2030 | USD 1,046.8 million |
| Growth rate | 8% (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, U.S. accounted for 9.9% 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 North America, U.S. silicone elastomer market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,046.8 million by 2030.
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Silicone Elastomer Market Scope
Silicone Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 60.78% in 2022. Horizon Databook has segmented the U.S. silicone elastomer market based on htv, rtv, lsr covering the revenue growth of each sub-segment from 2019 to 2030.
The U.S. silicone elastomer market is expected to grow moderately during the forecast period owing to limited opportunities in the country resulting from the maturity of its manufacturing industry in general and the use of silicone elastomers.
However, ongoing product innovations and technological developments are expected to promote the usage of silicone elastomers in electric vehicles (EVs) and healthcare applications. This, in turn, is anticipated to fuel the growth of the silicone elastomers market in the U.S. over the forecast period.
The U.S. fitness industry has witnessed rapid growth in recent years due to health insurance costs, budget friendly gyms, and rising demand for healthy foods. Thus is leading to the demand for portable fitness gadgets such as fitness trackers and smart watches to track the body vitals functioning.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. silicone elastomer market , including forecasts for subscribers. This country databook contains high-level insights into U.S. silicone elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. silicone elastomer market size, by product, 2019-2030 (US$M)
U.S. Silicone Elastomer Market Outlook Share, 2022 & 2030 (US$M)
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