Silicone Elastomers Market | Exactitude Consultancy Reports

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Silicone Elastomers Market by Product (High Temperature Vulcanized (HTV), Liquid Silicone Rubber (LSR) and Room Temperature Vulcanized (RTV)), by Application (Consumer Goods, Construction, Automotive, Health Care) and Region, Global Trends and Forecast From 2023 To 2029

The global silicone elastomers market is expected to grow at 8.30% CAGR from 2023 to 2029. It is expected to reach above USD 15.17 Billion by 2029 from USD 7.40 Billion in 2022.

Segment Analysis
The silicone elastomers market is divided into three categories based on product type: high temperature vulcanized (HTV), liquid silicone rubber (LSR), and room temperature vulcanized (RTV). The Liquid Silicone Rubber (LSR) product group led the global industry. LSRs are employed in high-temperature applications. Injection molding is a major LSR application. Injection molding is widely used in a variety of sectors, including automotive, medical equipment, toys, packaging, musical instruments, housewares, consumer products, storage containers, and furniture. High-Temperature Vulcanize (HTV) is another important market category. Silicone HTV elastomers can resist prolonged high-temperature exposure.

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