Silicone Rubber Market Is Estimated To Grow At A Cagr 7.5% From 2022 To 2030.
February 28, 2023 ⚊ 1 Min read ⚊ Views 57 ⚊ BUSINESSThe silicone rubber market is projected to register a CAGR of 7.50% from 2022 to 2030. Elastomeric silicone rubber is made of polymer, fillers, carbon, hydrogen, and oxygen. In general, it is either a one-part rubber or a two-part rubber. The silicone rubber is stable, inert, and exceptionally resistant to harsh working conditions. The market for silicone rubber has equally impacted the forces affecting the larger rubber market. Almost all industries experiencing tremendous growth, like the automotive, construction, and electronics sectors, employ silicone rubber products extensively. The silicone rubber market size is expected to reach approximately USD 3.82 billion by 2030.
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