Silicone Rubber Sheet Market to Aggregate USD 5.2 Billion by 2026
According to the report, The global silicone rubber sheet market in 2019 was above USD 3.8 billion. The market is expected to grow around a CAGR of 5% and is anticipated to reach over USD 5.2 billion by 2026.
Silicone rubber is a rubber like material is an inorganic synthetic elastomer. It is composed of a cross-link between silicone-based polymer containing carbon, silicon oxygen, and hydrogen. Silicone has ability to remain elastic and it is widely used in industry, for various purposes. It offers a combination of mechanical and chemical properties. Silicone rubber is generally stable, resistant to extreme environments and non-reactive. Owing to its outstanding properties and ease in manufacturing and shaping, it is widely used in variety of products, such as in automotive applications, baking, voltage line insulators, cooking, and food storage products. Silicon rubber is also used in hardware and home repair. As a mechanical seals, silicon rubber sheets are used to prevent leakage between two surfaces.
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The silicone rubber sheet market research report delivers an acute valuation and taxonomy of the silicone rubber sheet industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the silicone rubber sheet industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the silicone rubber sheet industry is provided for the leading economies of the world.
The silicone rubber sheet market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into insulation silicone rubber sheet, antistatic silicone rubber sheet, conductive silicone rubber sheet, and others. By application segmentation, the market is divided into food & beverage, medical, automotive, construction, and others.
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Some of the essential players operating in the silicone rubber sheet market, but not restricted to include Kent & Yorkshire Gaskets, Modus Advanced, Silex, Warco, Fuji Polymer Industries, Samco, EREFSA, Zenith, Mosites Rubber, Kiran Rubber, 3A Rubber, MER-Europe, Jingdong Rubber, Silicone Engineering, White Cross Rubber, and others.
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