US Silicone Elastomers Market Summary
As per Market Research Future analysis, the US silicone elastomers market size was estimated at 1500.0 USD Million in 2024. The US silicone elastomers market is projected to grow from 1539.75 USD Million in 2025 to 2000.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 2.6% during the forecast period 2025 - 2035
Key Market Trends & Highlights
The US silicone elastomers market is experiencing robust growth driven by diverse applications and technological advancements.
- The automotive sector represents the largest segment, with rising demand for silicone elastomers in electric vehicles.
- Healthcare applications are the fastest-growing segment, reflecting an increased need for biocompatible materials.
- Sustainable production practices are gaining traction, aligning with global environmental initiatives.
- Technological advancements in manufacturing and the growth in consumer electronics are key drivers propelling market expansion.
Market Size & Forecast
| 2024 Market Size | 1500.0 (USD Million) |
| 2035 Market Size | 2000.0 (USD Million) |
| CAGR (2025 - 2035) | 2.65% |
Major Players
Dow (US), Wacker Chemie AG (DE), Momentive Performance Materials Inc. (US), Shin-Etsu Chemical Co. Ltd. (JP), Elkem ASA (NO), Kraton Corporation (US), Hexpol AB (SE), Trelleborg AB (SE), Silicone Solutions (US)