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Silicone Elastomers Industry Analysis and Global Forecast to 2025

Rising consumption of silicone elastomers in consumer goods and industrial machinery is anticipated to fuel the market growth. The Global Silicone Elastomers Market is expected to reach USD 14.07 billion by 2025, according to a new report by Grand View Research, Inc. Beneficial properties of silicone elastomers including broad operating temperature range, high oil & fuel resistance, low smoke density, flammability, & toxicity are projected to enhance the product penetration in the market. Increasing product use in the interiors, engine, electrical systems, and other body parts of automotive is expected to boost the industry demand. Growing application scope of silicone elastomer products in healthcare and transmission & distribution sectors is anticipated to augment the market positively. Silicone elastomers industry is governed by various regulations that cover the entire life cycle ranging from production to disposal. For instance, FDA has sanctioned a list of si...