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Europe Silicone Rubber Market

Europe Silicone Rubber Market

Europe Silicone Rubber Market By Type (Liquid Silicone Rubber, High Temperature Vulcanized, Room Temperature Vulcanized, Fluorosilicone Rubber), By Application (Gaskets & Seals, Adhesives & Sealants, Coatings), by End-use Industry, by Region - Europe Market Insights 2022-2031

Europe Silicone Rubber Market
FACT7331MR

Europe Silicone Rubber Market Outlook (2022-2031)

The Europe silicone rubber market is projected to increase from a valuation of US$ 1.52 billion in 2021 to US$ 2.6 billion by 2031, expanding at a CAGR of 5.5%.

Report Attributes

Details

Europe Silicone Rubber Market Size (2021)

US$ 1.52 Billion

Projected Year Value (2031)

US$ 2.6 Billion

Market Growth Rate (2022-2031)

5.5% CAGR

Leading Type Segment

Liquid Silicone Rubber

Key Companies Profiled

  • Momentive Performance Materials
  • Dow Inc.
  • Wacker Chemie AG
  • Simtec Silicone Parts
  • Elkem Silicones
  • Reiss Manufacturing, Inc.
  • Stockwell Elastomerics, Inc.
  • Innovative Silicones

Over the coming years, demand for liquid silicone rubber is predicted to rise at a faster rate, especially being used in 3D printing technology.

Consumption Analysis of Silicone Rubber in Europe from 2017-2021 Vs Market Outlook for 2022-2031

As per Fact.MR, a market research and competitive intelligence provider, the European market for silicone rubber was valued at US$ 1.52 billion in 2021.

Silicone rubber is gaining popularity among businesses across a wide range of industries, owing to its many benefits, including its versatility and capacity to improve performance in a variety of final products while driving creativity.

Electric car adoption has increased dramatically in recent years. Furthermore, people all across the world are gravitating toward safer autonomous automobiles. These reasons are causing the silicone rubber sector to become profitable.

The extremely competitive nature of the Europe silicone rubber market forces businesses to develop high-performance goods in order to acquire a competitive advantage over their competitors. Silicone rubber manufacturers are exploring expansion options in Germany, which is predicted to command the greatest revenue share of all European countries. Silicon elastomer demand is fueled by the automobile and transportation industries.

Due to the European Union's (EU) new rules and regulations, manufacturers have been forced to employ efficient and low-emission materials in end-use sectors. R&D efforts in two-part polymers development are helping to drive market growth.

Silicone rubber is utilized by hundreds of firms due to its adaptability and capacity to increase performance in a wide range of end products while supporting jobs and driving innovation, according to the European Center for Silicones.

Thus, the silicone rubber market in Europe is expected to register a CAGR of 5.5% from 2022 to 2031.

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Which Key Aspects are Driving Silicone Rubber Sales in Europe?

“Research & Development of Self-healing Silicone Rubber and Increase in Residential Development Activities”

Through the process of heat initiated reversible bonding, scientists have proved the self-healing ability of silicone elastomer. This is feasible thanks to a mechanism known as siloxane equilibration, which was identified in 1950. It is used to mold various desired forms and designs for many applications because of its ability. A peroxide cure system could be used in a variety of advanced applications.

Silicone rubber products have long been used in the building industry. Mold rubber is used in the construction of buildings in concrete slabs and decks, as well as numerous interior components such as doors and baseboards. As a result, the size of the construction industry is a key factor in the silicone rubber market growth in Europe.

Polyester resin demand is projected to rise over the coming years due to the increase in infrastructure and construction industries. The increasing disposable income of individuals, changing lifestyles, increased demand for single-family houses, and ease of financing have all contributed to a considerable increase in residential development. As a result, the Europe silicone rubber market is booming.

“Rapidly Growing Automotive & Construction Industry”

The increased demand from the industrial sector is likely to propel industry revenue in Europe. Manufacturers will benefit from technological developments and the adoption of higher-quality materials. Because of rising disposable income, expanding business, and career prospects, the construction industry has seen substantial expansion in the region.

Germany is the leading country in advanced automobile manufacturing. With rising awareness of environmental issues and climate variability, as well as the migration to electric vehicles in Europe, silicone rubber with sensors, vehicle safety devices and silicone adhesives are in high demand.

Expansion of the epoxy resin industry is boosting demand for silicon rubber. Furthermore, the large number of manufacturers present in European countries will contribute significantly to market growth. Demand will be driven by increased R&D in the development of innovative materials and technologies for the automotive industry.

Europe silicone rubber market forecast by Fact.MR

What Challenges are Restraining Demand Growth of Silicone Rubber in Europe?

“Availability of Alternatives and Stringent Regulatory Policies Restraining Market Growth”

There are a variety of cost-effective and long-lasting options on the market. The availability of cost-effective alternatives such as ethylene propylene diene monomer (EPDM) rubber, which has qualities such as durability and resilience to ageing, natural wear, and heat, is projected to impede market expansion.

The market faces significant obstacles from strict and time-consuming regulatory policies. In the anticipated years, changes in the prices of raw materials for silicone rubber production are expected to stymie industry expansion.

An Adaptive Approach to Modern-day Research Needs

Category-wise Insights

Which Silicone Rubber Type Accounts for Highest Revenue Generation?

“Liquid Silicone Rubber Gaining Traction Owing to its Unique Properties”

Unique features of liquid silicone rubber, such as chemical stability, temperature resistance, elasticity, and low viscosity, have made it a suitable material for medical implants and equipment. Furthermore, the industry is undergoing intensive research and development of condensation curing systems, which presents significant potential opportunities over the coming years.

Liquid silicone rubber 3D printing technology has several advantages, including the capacity to build bespoke parts, print on demand, and rapid prototyping. The market growth will be accelerated by the adoption of 3D printing technology that incorporates urethane.

Increasing applications of liquid silicone rubber in the end-use sectors, particularly in the medical and electronics industries, have boosted the overall market growth. Furthermore, the growing geriatric population and new material developments continue to increase total market demand.

Which End-use Industry Will Emerge as Key Market Contributor?

“Growing Usage of Silicone Rubber in Automotive Industry”

Silicone rubber products are widely used in the automotive industry. Silicone rubber is used in a wide range of applications, from tire additives and engine gaskets to navigation displays and foam cushioning. Furthermore, methyl silicone uses for the automobile industry are constantly being developed. Automobile, marine vessel, aeroplane, and railway sales are thus major indicators of silicone rubber market progress.

Platinum-based silicone with a high consistency is expected to survive rigorous working conditions in a variety of automotive systems and components. Silicone rubber possesses the stiffness, resistance, and resilience required for reliable automotive applications.

Automotive manufacturers put a great emphasis on the quality and efficiency of rubber-like materials, and when the temperature in new vehicles rises, silicone rubber shines, offering the ideal alternative. Advanced silicone rubber is designed for automotive applications to deliver the best combination of tear resistance and tension at high temperatures.

As a result, organizations operating in the Europe silicone rubber market are benefiting from the rise of the automotive industry.

COVID-19 Impact on Sales of Silicone Rubber in Europe

The COVID-19 pandemic caused extensive damage to the supply and demand for raw materials and finished products. The industrial rubber market was disrupted due to changes in raw material supply patterns, logistics and shipping rules, and a lack of workforce. Because end-use industries' manufacturing activities were halted as a result of COVID-19, silicone rubber sales in Europe decreased.

However, silicone rubber suppliers are focusing on local production capabilities to avoid dependence on other countries for raw materials and other things. Such developments are expected to re-energize the silicone rubber business in Europe. To build steady revenue streams, manufacturers are focused on major industries including construction, medical, and consumer goods.

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Competitive Landscape

Silicone rubber providers in Europe are concentrating on expanding their presence to boost their market position and promote market growth. As a result, key players have established strong regional presences, distribution networks, and product offers.

Leading companies in the rubber sheets market are prioritizing R&D to bring to market unique, high-quality goods with expanded features. To improve their commercial prospects, several organizations are considering strategic collaborations, mergers, and acquisitions. To satisfy expanding market demand, market participants are likely to enhance existing production capabilities.

Key Segments Covered in Europe Silicone Rubber Industry Research

  • Europe Silicone Rubber Market by Type :

    • Liquid Silicone Rubber
    • High Temperature Vulcanized Rubber
    • Room Temperature Vulcanized Rubber
    • Fluorosilicone Rubber
  • Europe Silicone Rubber Market by Application :

    • Gaskets & Seals
    • Adhesives & Sealants
    • Coatings
    • Encapsulants
    • Catheters & Tubing
    • Others
  • Europe Silicone Rubber Market by End-use Industry :

    • Electronics
    • Aerospace
    • Construction
    • Medical
    • Automotive
    • Consumer Products

- FAQs -

The Europe silicone rubber market is estimated to be worth US$ 1.6 billion in 2022.
Rapidly growing industrialization and increase in infrastructure and construction activities are driving market growth in the region.
The European market for silicone rubber is estimated to exhibit a CAGR of 5.5% during the forecast period (2022-2031).
Momentive Performance Materials, Dow Inc., Wacker Chemie AG, Simtec Silicone Parts, and Elkem Silicones are key suppliers of silicone rubber.
The silicone rubber market in Europe is estimated to reach a valuation of US$ 2.6 billion by 2031.

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