PUBLISHER: Grand View Research | PRODUCT CODE: 1941935
PUBLISHER: Grand View Research | PRODUCT CODE: 1941935
Silicone Elastomer Market Summary\
The global silicone elastomer market size was estimated at USD 7.71 billion in 2025 and is projected to reach USD 15.33 billion by 2033, growing at a CAGR of 8.8% from 2026 to 2033. The growing use of silicone elastomers in construction and infrastructure is driving the market.
Their long service life, UV resistance, and flexibility make them ideal for use in sealants, gaskets, and expansion joints in commercial buildings and transportation infrastructure, thereby reducing maintenance costs and improving durability over time.
The silicone elastomer market is consolidating around high-value grades and processable formats, notably liquid silicone rubber. Demand is driven by miniaturization in electronics, higher thermal and chemical stability requirements in electric vehicles, and the expanding use of medical devices. Manufacturers are investing in automated LSR lines and formulation R&D to support precision moulding and faster cycle times. Production and consumption are concentrated in the Asia Pacific, which now leads global volume and capacity additions.
Global Silicone Elastomer Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the silicone elastomer market report based on product, application, and region: