Silicone elastomer industry is categorized on the basis of type, process, application, and geography. On the basis of type, the market is divided into liquid silicone rubber, fluorosilicate rubber, high consistency rubber and others. High consistency rubber segment is expected to lead the market of silicone elastomers owing to its superior properties like brilliant strength, better electrical connectivity, resistance to radiation and extreme temperature resistant. In terms of process, silicone elastomer market is bifurcated as injection molding, extrusion, compression molding, liquid injection molding and others. Liquid injection molding is projected to hold larger market share of silicone elastomer due to easy usage and growing demand from several end users for automated processing techniques.
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Based on application, silicone elastomers industry is divided into healthcare, automotive, home repair & hardware, medical devices, apparel, electronics, construction and others. Automotive segment registers significant market growth of silicone elastomers owing to the explosive demand from the sector. Geographically, silicone elastomers market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region is predicted to dominate the market of silicone elastomer owing to the huge demand for several applications.
The leading players in silicone elastomer industry include StockwellElastomerics, Inc., ZhongshanTinhou Plastic Industrial Co., Innovative Silicones, HuzhouLongtong Chemical Co., Cauchos Pedro Romero S.L., Ltd., SF Composites, Ltd., Intek Adhesives Ltd., HsuanHau Enterprise Co., Ltd., Universal Rubber Mfgnv, HÜBERS, Ltd. (LiYaTe), Shenzhen Inno Silica Co., Ltd., 2D Chemical Ltd., and ShenZhenLiYaTe Technology Co.
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