Middle East & Africa Liquid Silicone Rubber Market Forecast to 2028 – COVID

Middle East & Africa Liquid Silicone Rubber Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Grade (Food, Medical, and Industrial) and End Users (Healthcare, Automotive, Consumer Goods, Electricals and Electronics, and Others)

Report Code : BMIRE00027419 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 11/Nov/2022

The liquid silicone rubber market in MEA is expected to grow from US$ 28.85 million in 2022 to US$ 39.95 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Surging Application in Consumer Electronics Industry Favors the Liquid Silicone Rubber

Increasing penetration of electronic devices in wide range of technical consumer goods in households is surging the demand of liquid silicone rubber in consumer electronics, owing to its application in production of rubber which is widely used in smartphones, headsets, smart wrist bands and other gadgets owing to its high durability, and cost effectiveness, is propelling the demand for liquid silicone rubbers. Further companies are focusing on developing high-performing and convenient to use devices owing to increasing consumer demand. The consumer electronics demand is highly driven by consumers desire for more innovative and advance in technology electronics those helps in fulfilling daily life requirements in hassle-free ways. This factor has played a significant role in stepping up innovation and increasing the demand of liquid silicone rubber in consumer electronics. The availability of devices that manage the automation of daily tasks has fundamentally changed consumer preferences from standard electronics to multifunctional smart devices and this also supported the demand of liquid silicone rubber market. As a result, consumer electronics manufacturers have prospered due to high demand for a variety of wearable smart home devices and other consumer electronics, which has also directly influenced the demand of liquid silicone rubber.

Market Overview

The Middle East & Africa liquid silicone rubber market consists of South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East & Africa. The production of food-grade lubricants and gaskets, as well as the application of liquid silicone rubber in manufacturing home appliances and consumer goods, are all common uses in the food industry. The medical-grade liquid silicon rubber is widely used in this region in manufacturing the devices such as heart pumps, tubing, and surgical reconstructive components. Hence, the emerging healthcare sector in the Middle East and Africa driving the demand for medical-grade liquid silicone rubber market. The cosmetics and personal care industry especially, the cosmetics and fragrances industry is developing at a fast pace in the gulf countries. As the liquid silicon rubber possesses the properties of stability, flexibility, flame & high-temperature resistance, the Middle East region is widely applying it in the textile, footwear, and electronics industry. Also, it is used in the manufacturing of gas water heaters, furnaces, and smoke & carbon dioxide detectors. Hence, the emergence of the electronics and building industry in the Middle East and Africa further drove the liquid silicone rubber market.

MEA Liquid Silicone Rubber Market Revenue and Forecast to 2028 (US$ Million)

MEA Liquid Silicone Rubber Market Segmentation

The MEA liquid silicone rubber market is segmented into grade, end users, and country. Based on grade, the market is segmented into food, medical, and industrial. The industrial segment registered the largest market share in 2022.

Based on end users the MEA liquid silicone rubber market is segmented into healthcare, automotive, consumer goods, electricals and electronics, and others. The healthcare segment registered the largest market share in 2022. Based on country, the market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. UAE dominated the market share in 2022.

Avantor, Inc., CHT Germany GmbH, Dow Inc., Elkem Asa, KCC Silicone Corporation, Momentive, Shin Etsu Chemical Co. Ltd., and Wacker Chemie AG are the leading companies operating in the liquid silicone rubber market in the region.

At 5.6% CAGR, the MEA Liquid Silicone Rubber Market is speculated to be worth US$ 39.95 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the MEA liquid silicone rubber market was valued at US$ 28.85 million in 2022 and is expected to reach US$ 39.95 million by 2028, registering an annual growth rate of 5.6% from 2022 to 2028. Increasing investment in new product launch from market players and surging application in consumer electronics industry favors the liquid silicone rubber are the critical factors attributed to the market expansion.

Growing development of cost-effective products is propelling focus of players to develop new products. Expansion of production capacity and both local levels is one of the key industry trends. Industry players are increasingly shifting their preference towards using liquid silicone rubber in their automotive components and electronic products. For instance, Jabil Green Point, a leading electronics injection molding company, announced using liquid silicone rubber to produce noise-cancelling headphones. A slew of such instances is expected to create lucrative growth in the market. Liquid Silicone Rubber has unique physical and chemical properties such as high electrical resistivity, chemical inertness, and resistance to temperature extremes, etc. These properties have enabled their wide acceptance in the medical, electrical, and electronic, automotive and many other sectors. Further, increasing geriatric population is driving the demand for implants and medical devices in the medical industry and increasing emphasis on new product development.

On the contrary, high cost associated with manufacturing and processing hurdles the growth of MEA liquid silicone rubber market.

Based on grade, the MEA liquid silicone rubber market is segmented into food, medical, and industrial. The industrial segment held 47.2% market share in 2022, amassing US$ 13.61 million. It is projected to garner US$ 18.66 million by 2028 to expand at 5.4% CAGR during 2022–2028. Based on end users, the MEA liquid silicone rubber market is segmented into healthcare, automotive, consumer goods, electricals and electronics, and others. The healthcare segment held 35.5% market share in 2022, amassing US$ 10.24 million. It is projected to garner US$ 14.57 million by 2028 to expand at 6.1% CAGR during 2022–2028. Based on country, the MEA liquid silicone rubber market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. Our regional analysis states that UAE captured 36.4% market share in 2022. It was assessed at US$ 10.49 million in 2022 and is likely to hit US$ 14.63 million by 2028, exhibiting a CAGR of 5.7% during the forecast period. Key players dominating the MEA liquid silicone rubber market are Avantor, Inc., CHT Germany GmbH, Dow Inc., Elkem Asa, KCC Silicone Corporation, Momentive, Shin Etsu Chemical Co. Ltd., and Wacker Chemie AG among others.

In 2022, Dow supports automotive sustainability goals with new moldable optical silicone.

In 2022, Molding Operations Phase 2 Complete, Expansion Done.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA Liquid Silicone Rubber Market, by Grade

1.3.2 MEA Liquid Silicone Rubber Market, by End Users

1.3.3 MEA Liquid Silicone Rubber Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

4. MEA Liquid Silicone Rubber Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Raw Material Suppliers

4.3.2 Manufacturers

4.3.3 Distributors/Suppliers

4.3.4 End Users

4.4 Expert Opinion

5. MEA Liquid Silicone Rubber Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Silicone Rubber in Automotive Industry

5.1.2 Fueling Application of Liquid Silicone Rubber in Medical Implants and Devices

5.2 Market Restraint

5.2.1 High Cost Associated with Manufacturing and Processing

5.3 Market Opportunities

5.3.1 Surging Application in Consumer Electronics Industry Favors the Liquid Silicone Rubber

5.4 Market Future Trends

5.4.1 Increasing Investment in New Product launch from Market Players

5.5 Impact Analysis

6. Liquid Silicone Rubber – MEA Market Analysis

6.1 MEA Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

6.2 MEA Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

7. MEA Liquid Silicone Rubber Market Analysis – By Grade

7.1 Overview

7.2 MEA Liquid Silicone Rubber Market, By Grade (2021 and 2028)

7.3 Food

7.3.1 Overview

7.3.2 Food: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.3 Food: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

7.4 Medical

7.4.1 Overview

7.4.2 Medical: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

7.4.3 Medical: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

7.5 Industrial

7.5.1 Overview

7.5.2 Industrial: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

7.5.3 Industrial: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Kilo Tons)

8. MEA Liquid Silicone Rubber Market Analysis – By End User

8.1 Overview

8.2 MEA Liquid Silicone Rubber Market, By End User (2021 and 2028)

8.3 Healthcare

8.3.1 Overview

8.3.2 Healthcare: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Automotive

8.4.1 Overview

8.4.2 Automotive: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Consumer Goods

8.5.1 Overview

8.5.2 Consumer Goods: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.6 Electrical and Electronics

8.6.1 Overview

8.6.2 Electrical and Electronics: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

8.7 Others

8.7.1 Overview

8.7.2 Others: Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Mn)

9. MEA Liquid Silicone Rubber Market – Country Analysis

9.1 Overview

9.1.1 Middle East and Africa: Liquid Silicone Rubber Market, by Key Country

9.1.1.1 South Africa: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.2 South Africa: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

9.1.1.2.1 South Africa: Liquid Silicone Rubber Market, by Grade

9.1.1.2.2 South Africa: Liquid Silicone Rubber Market, by Grade

9.1.1.2.3 South Africa: Liquid Silicone Rubber Market, by End User

9.1.1.3 Saudi Arabia: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.4 Saudi Arabia: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

9.1.1.4.1 Saudi Arabia: Liquid Silicone Rubber Market, by Grade

9.1.1.4.2 Saudi Arabia: Liquid Silicone Rubber Market, by Grade

9.1.1.4.3 Saudi Arabia: Liquid Silicone Rubber Market, by End User

9.1.1.5 UAE: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.6 UAE: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

9.1.1.6.1 UAE: Liquid Silicone Rubber Market, by Grade

9.1.1.6.2 UAE: Liquid Silicone Rubber Market, by Grade

9.1.1.6.3 UAE: Liquid Silicone Rubber Market, by End User

9.1.1.7 Rest of the Middle East & Africa: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

9.1.1.7.1 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by Grade

9.1.1.7.2 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by Grade

9.1.1.7.3 Rest of the Middle East & Africa: Liquid Silicone Rubber Market, by End User

10. Industry Landscape

10.1 Overview

10.2 Market Initiative

10.3 New Product Development

10.4 Merger and Acquisition

11. Company Profiles

11.1 Avantor, Inc.

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Dow Inc.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Momentive

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Wacker Chemie AG

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 CHT Germany GmbH

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Elkem Asa

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 KCC Silicone Corporation

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Shin Etsu Chemical Co. Ltd.

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1. MEA Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

Table 2. MEA Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

Table 3. South Africa Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (USD Million)

Table 4. South Africa Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 5. South Africa Liquid Silicone Rubber Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 6. Saudi Arabia Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (USD Million)

Table 7. Saudi Arabia Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 8. Saudi Arabia Liquid Silicone Rubber Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 9. UAE Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (USD Million)

Table 10. UAE Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 11. UAE Liquid Silicone Rubber Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 12. Rest of Middle East and Africa Liquid Silicone Rubber Market, by Grade– Revenue and Forecast to 2028 (USD Million)

Table 13. Rest of Middle East and Africa Liquid Silicone Rubber Market, by Grade– Volume and Forecast to 2028 (Tons)

Table 14. Rest of Middle East and Africa Liquid Silicone Rubber Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 15. Glossary of Terms, MEA Liquid Silicone Rubber Market

LIST OF FIGURES.

Figure 1. MEA Liquid Silicone Rubber Market Segmentation

Figure 2. MEA Liquid Silicone Rubber Market Segmentation – By Country

Figure 3. MEA Liquid Silicone Rubber Market Overview

Figure 4. MEA Liquid Silicone Rubber Market, By Grade

Figure 5. MEA Liquid Silicone Rubber Market, by Country

Figure 6. Porter's Five Forces Analysis

Figure 7. Liquid Silicone Rubber Market – Ecosystem

Figure 8. Expert Opinion

Figure 9. MEA Liquid Silicone Rubber Market Impact Analysis of Drivers and Restraints

Figure 10. MEA Liquid Silicone Rubber Market – Volume and Forecast to 2028 (Tons)

Figure 11. MEA Liquid Silicone Rubber Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12. MEA Liquid Silicone Rubber Market Revenue Share, By Grade (2021 and 2028)

Figure 13. MEA Food: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14. MEA Food: Liquid Silicone Rubber Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 15. MEA Medical: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16. MEA Medical: Liquid Silicone Rubber Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 17. MEA Industrial: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18. MEA Industrial: Liquid Silicone Rubber Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 19. MEA Liquid Silicone Rubber Market Revenue Share, By End User (2021 and 2028)

Figure 20. MEA Healthcare: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21. MEA Automotive: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 22. MEA Consumer Goods: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 23. MEA Electrical and Electronics: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24. MEA Others: Liquid Silicone Rubber Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 25. MEA Liquid Silicone Rubber Market, by Key Country – Revenue (2021) (US$ Million)

Figure 26. Middle East and Africa: Liquid Silicone Rubber Market Revenue Share, by Key Country (2021 and 2028)

Figure 27. South Africa: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28. South Africa: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

Figure 29. Saudi Arabia: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Saudi Arabia: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

Figure 31. UAE: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

Figure 32. UAE: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

Figure 33. Rest of the Middle East & Africa: Liquid Silicone Rubber Market –Revenue and Forecast to 2028 (US$ Million)

Figure 34. Rest of the Middle East & Africa: Liquid Silicone Rubber Market –Volume and Forecast to 2028 (Tons)

The List of Companies - Middle East & Africa Liquid Silicone Rubber Market

● Avantor, Inc.

● CHT Germany GmbH

● Dow Inc.

● Elkem Asa

● KCC Silicone Corporation

● Momentive

● Shin Etsu Chemical Co. Ltd.

● Wacker Chemie AG

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA liquid silicone rubber market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA liquid silicone rubber market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the liquid silicone rubber market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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