The Latin America, Middle East and Africa Silicone Elastomer Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 791.96 hundred tonnes, showcasing a growth of 6.5% (2024-2031).
The Construction End-Use Industry is a key driver of demand for silicone elastomers, leveraging their versatile properties for a wide range of applications in the construction sector. Silicone elastomers are highly valued in construction for their durability, weather resistance, flexibility, adhesion, and thermal stability, making them essential for various construction components and systems. Therefore, the Brazilian Construction industry market consumed 40.75 hundred tonnes of silicone elastomer in 2023.
The Brazil market dominated the LAMEA Silicone Elastomer Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $227.2 Million by 2031. The Argentina market is showcasing a CAGR of 9.6% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.6% during (2024 - 2031).
The growing demand for customized and application-specific solutions is driving the adoption of advanced manufacturing technologies in the market, such as 3D printing and additive manufacturing. These technologies enable the rapid prototyping and production of complex geometries and intricate designs, offering flexibility and scalability in product development and manufacturing.
Moreover, 3D printing and additive manufacturing empower manufacturers to scale production and customize products according to customer needs and preferences. By leveraging digital design files and computer-aided manufacturing (CAM) software, manufacturers can quickly and easily modify designs and parameters to accommodate size, shape, and functionality variations. This flexibility enables on-demand production of customized elastomer products, reducing inventory costs, minimizing waste, and improving supply chain efficiency.
As per the Dubai Statistics Center, in 2022, there were 13,236 buildings under construction in Dubai and 1,941 completed buildings. Rapid urbanization has increased demand for housing, commercial spaces, and public amenities. Cities like Dubai and Abu Dhabi have grown substantially, requiring more infrastructure and real estate developments. Therefore, the growing construction sector in LAMEA will boost the demand for market.
Free Valuable Insights: The Worldwide Silicone Elastomer Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
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