The global silicone elastomer market is projected to reach 10 billion yuan by 2029, with China emerging as a core growth driver due to technological innovation and consumer upgrading. The "2030 Silicone Elastomer Trends Research Report" notes that China accounted for 25% of the global market in 2023, with an annual growth rate twice that of Europe and North America.

Domestic companies are rapidly rising through differentiated competitive strategies. For example, Guangzhou Tinci New Materials' "D5 solvent-based elastomer," known for its excellent environmental performance, has obtained EU REACH certification and entered Southeast Asian and Middle Eastern markets. Additionally, policy support and capital injection are accelerating industry consolidation, with a 40% year-on-year increase in domestic patent applications in 2024, providing a foundation for technological breakthroughs.

In the future, as domestic companies improve their technological prowess and refine market strategies, domestic silicone elastomers are expected to capture a larger share of the global market.

More information please check:

https://youtube.com/shorts/R5XlhXrN0t8