Silicone Elastomers Market Is Likely To Up Demand At A USD 11.16 Billion By 2030
San Francisco, 25 Oct 2022: The Report Silicone Elastomers Market Size, Share & Trends Analysis Report By Product (HTV, RTV, LSR), By Application (Consumer Goods, Construction, Automotive & Transportation), By Region (Europe, APAC), And Segment Forecasts, 2022 - 2030 The global silicone elastomers market size is expected to reach USD 11.16 billion by 2030, registering a CAGR of 8.8% over the forecast period, according to a new study by Grand View Research, Inc. Superior quality over conventional elastomers makes it ideal for industrial usage, thereby positively affecting the overall industry. End-use industries, such as construction, automotive, and electrical & electronics, are expected to witness rapid growth over the forecast period. Silicone elastomers are widely used in the medical and healthcare industries. Silicone elastomers have quickly acquired popularity in the medical and healthcare industries, from medical equipment to drug delivery systems. Favorable feat