The global silicone market size reached USD 15.53 Billion in 2020 and is expected to register a revenue CAGR of 6.8%, during the forecast period, according to latest analysis by Emergen Research. Some of the key factors driving steady global silicone market revenue growth are increasing development of antimicrobial silicone elastomers and increasing use of silicone in various industries. Silicone’s increasing use in fabrics, paper, leather wrapping, labels, and airbags is also expected to drive market growth during the forecast period. Silicone has been used as a solvent, adhesive, foaming agent, an anti-foaming agent in suchapplications. Silicones are used in a range of processes in textile mills, such as the producing of yarns and the final product. Silicones provides yarn or fabric lubrication, foam control, and softening. Silicones are also used on the finished product as hydrophobic coatings. Because of high electrical and chemical resistance qualities, increasing usage of conducting silicone rubber in the anti-slip process for textile manufacturing is expected to have a significantly positive influence on revenue growth of the market over the forecast period. Increased government regulatory involvement across the value chain. This includes raw materials, production processes, and distribution of various grades of silicone products.
A recent study on the Silicone market closely examines the performance of the major market vendors operating in the Silicone market for the forecast period 2020 to 228. When studying the prominent manufacturers dominating the industry the research takes a closer look at ther weaknesses and strengths too. A thorough discussion on winning strategies that has enabled business owners to stay ahead in the competition forms an important part of this market intelligence report.
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Key companies operating in the Silicone market include:
Wacker Chemie AG, Momentive Performance Materials Inc., The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Evonik Industries AG, KCC Corporation, Silchem Inc., Specialty Silicone Products, Inc., and Elkay Chemicals Pvt. Ltd
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Silicone market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Silicone Market
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Silicone Market Segmentation:
-
Product Outlook (Revenue, USD Billion; 2018–2028)
- Gels
- Elastomers
- Liquid Silicone Rubber (LSR)
- High-Temperature Vulcanized (HTV)
- Room Temperature Vulcanized (RTV)
- Fluids
- Straight Silicone Fluids
- Modified Silicone Fluids
- Resins
- Others
- Emulsions
- Adhesives
-
Application Outlook (Revenue, USD Billion; 2018–2028)
- Elastomeric Components
- Conditioning Agents
- Binders
- Surfactants
- Others
-
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Automotive & Transportation
- Electronics
- Healthcare
- Construction
- Energy
- Consumer Goods & Personal Care
- Industrial Processes
- Others
Silicone Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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