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Silicone elastomer market forecast at $19 billion by 2034

The global silicone elastomers market is entering a decade of sustained expansion, driven by accelerating demand from electric vehicles, medical devices, and advanced electronics. According to a comprehensive industry analysis by Polaris Market Research, the market size was valued at USD 8.03 billion in 2025 and is projected to reach USD 19.34 billion by 2034, expanding at a compound annual growth rate (CAGR) of 10.3% between 2026 and 2034.

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ContiTech sold to Lone Star affiliate for €4.0 billion

Continental announced the sale of its ContiTech group sector to an affiliate of Lone Star Funds for €4.0 billion. The transaction also includes performance-based components of up to €250 million in subsequent years. The sale of its industrial business is the final step in Continental’s realignment. Once completed, the DAX-listed company will become a pure-play tire manufacturer for the first time in its history. The transaction is subject to regulatory approval.

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