Global Silicone Elastomers Market 2017-2021
About Silicone Elastomers
Silicones or polysiloxanes consist of alternating silicone-oxygen backbone, an aromatic group. This made a versatile silicone based-polymer. It is generally classified into elastomer, resins, or fluids based on their molecular weight. Silicone elastomers are mainly cross-linked and need to be vulcanized. They come in different forms, such as open cell foams, solids, thermally conductive, and cell sponges.
Technavio’s analysts forecast the global silicone elastomers market to grow at a CAGR of 6.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global silicone elastomers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Silicone Elastomers Market 2017-2021
Technavio recognizes the following companies as the key players in the global silicone elastomers market: KCC, Momentive, Shin-Etsu Chemical, The Dow Chemical Company, and Wacker Chemie.
Other Prominent Vendors in the market are: Bellofram Group of Companies, CHT, ContiTech, ELMET, MESGO, Quantum Silicones, Reiss Manufacturing, Rogers, SIGMA Engineering, Specialty Silicone Products, Stockwell Elastomerics, and Zhejiang Xinan Chemical Industrial Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Antimicrobial silicone elastomers. Antimicrobial silicone elastomers are used on the surfaces to prevent bacterial growth. The growth of microbes will cause a strong odor, discoloration, and the formation of mildew. These antimicrobial silicone elastomers are silver ion-based, thereby making them versatile and adaptable to a wide range of applications. It is widely used in healthcare and medical devices, beverage manufacturing, pet food production, food processing and foodstuff production, and agricultural activities.”
According to the report, one of the major drivers for this market is Increasing demand for hip and knee implants. The demand for orthopedic has grown over the last several decades due to increasing aging demographic. The demand is also driving the silicone elastomers market with an increase in awareness among patients about the implant procedure technology. The hip and knee implant is widely popular among patients, especially in the Western countries, who are in demand for a more conservative alternative to total joint replacement.
Further, the report states that one of the major factors hindering the growth of this market is Stringent clinical and regulatory policies. The biocompatible silicone elastomer products are used in critical health-related medical application processes. So, it is mandatory for healthcare providers to follow both pre-market and post-market evaluation of medical devices used in medical practices. The European Union and US regulatory bodies have taken a lot of initiatives to streamline clinical policies and reforms. The European Union has formulated regulations to monitor the safety and performance of medical devices used in clinical processes.
KCC, Momentive, Shin-Etsu Chemical, The Dow Chemical Company, Wacker Chemie, Bellofram Group of Companies, CHT, ContiTech, ELMET, MESGO, Quantum Silicones, Reiss Manufacturing, Rogers, SIGMA Engineering, Specialty Silicone Products, Stockwell Elastomerics, and Zhejiang Xinan Chemical Industrial Group.
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