Global Millable Silicone Rubber market cagr 15.1%

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Millable Silicone Rubber Market Size and Growth

The Millable Silicone Rubber market is witnessing robust growth, driven by rising demand in automotive, electronics, and healthcare sectors. As of 2023, the market size is valued at approximately $2.5 billion, with a projected CAGR of 5% over the next five years, reflecting increasing applications and technological advancements in silicone materials.

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Companies Covered

(Covid 19 Impact Covered)

◍ Dow Inc.

◍ Dupont

◍ Shin-Etsu Chemical Co., Ltd.

◍ HRS

The millable silicone rubber market features key players like Dow Inc., DuPont, Shin-Etsu Chemical Co., Ltd., and HRS, focusing on innovation and quality. These companies enhance market growth through diverse applications in automotive, electronics, and healthcare, driving sales with increasing demand for advanced silicone solutions.

- Dow Inc.: $56 billion (2022)

- DuPont: $14 billion (2022)

- Shin-Etsu Chemical: $10 billion (2022)

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Market Segmentation

By Application

Automotive

Electronics

Medical

Others

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By Product

Medical Grade

Industrial Grade

Market Growth

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$ X Billion USD

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Global Millable Silicone Rubber market cagr 15.1% by ReportPrime - Issuu