As with all global elastomer markets,the silicone elastomers market also suffered a serious setback since the beginning of 2020.However,unlike other elastomer markets,the silicone elastomer market is rebounding rapidly,despite(or more importantly because of)the Covid-19 pandemic,says research firm Smithers in its latest report titled”The Future of Silicone Elastomers to 2026".The silicone elastomers global market was 415,000 tonnes in 2016,and increased at a CAGR of 6.15% to 496,000 tonnes in 2019.Due to Covid-19,the global market is estimated to have fallen to 421,000 tonnes in 2020,but expected to grow to 556,000 tonnes in 2026,at a CAGR of 5.1%.
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