The North America Silicone Elastomer Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,054.28 hundred tonnes, showcasing a growth of 21.8% (2020-2023).
Liquid Silicone Rubber (LSR) Elastomer is a highly versatile material known for its exceptional properties and wide-ranging applications. Unlike traditional solid elastomers, LSR is processed as a liquid and then cured into its final form, offering unique advantages in manufacturing intricate and complex components with precision and consistency. This elastomer is composed of silicone polymers mixed with cross-linking agents and catalysts, allowing it to achieve a balanced combination of elasticity, durability, and resistance to extreme temperatures. Therefore, the USA market consumed 466.42 hundred tonnes of Liquid Silicone Rubber in 2023.
The US market dominated the North America Silicone Elastomer Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,885.3 Million by 2031. The Canada market is experiencing a CAGR of 8.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.7% during (2024 - 2031).
In the aerospace industry, these elastomers are prized for their lightweight yet durable properties, making them essential for sealing and gasketing applications in aircraft engines, fuel systems, and cabin interiors. Their resistance to high temperatures, chemicals, and aviation fluids ensures reliable performance in challenging aerospace environments, contributing to safety, efficiency, and operational excellence.
In addition to high temperatures, aerospace applications often expose materials to harsh chemicals and aviation fluids, including jet fuel, hydraulic fluids, lubricants, and deicing agents. These elastomers offer superior chemical resistance, ensuring compatibility with various aviation and hydraulic fluids commonly used in aircraft systems. Their resistance to swelling, degradation, and corrosion in the presence of chemicals and fluids makes them ideal for sealing and gasketing applications where exposure to aggressive media is a concern.
In Mexico's automotive sector, these elastomers are used in engine components, transmission systems, electrical connectors, and interior trim parts. The growing demand for high-performance automotive components drives the need for these elastomers that can withstand the rigors of vehicle operation and provide reliable performance over the vehicle's lifespan. As per the data from the International Trade Administration, Mexico ranks the seventh-largest producer globally, with an annual production of 3.5 million passenger vehicles. Moreover, in Canada's climate, where temperature fluctuations and moisture ingress pose significant challenges, this elastomer coatings provide an effective barrier against water infiltration, UV radiation, and thermal transfer. As per the data from the Statistics Canada, investment in building construction rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Thus, North America's rising construction and automotive sectors will lead to enhanced demand for these elastomers in the region.
Free Valuable Insights: The Silicone Elastomer Market is Predict to reach USD 11.2 Billion by 2031, at a CAGR of 6.8%
Based on Product Type, the market is segmented into Liquid Silicone Rubber, High Temperature Vulcanized, and Room Temperature Vulcanized. Based on End-Use, the market is segmented into Construction, Automotive, Apparel, Home Repair & Hardware, Healthcare, Medical Devices, Electronics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product Type (Volume, Hundred Tonnes, USD Billion, 2020-31)
By End-Use (Volume, Hundred Tonnes, USD Billion, 2020-31)
By Country (Volume, Hundred Tonnes, USD Billion, 2020-31)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
