The global demand for Silicones Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Silicones are synthetic polymers made up of siloxane. It has a silicon-oxygen backbone with organic groups attached to the silicon atoms by C-Si bonds. Silicones have unique properties amongst polymers due to the immediate existence of organic groups attached to a chain of inorganic atoms. The unique chemical structure of the silicone allows them to be produced in various forms such as silicone gels, silicone fluids, silicone elastomers (rubbers) and silicone resins. They are used in numerous industries, including electronics, construction, paints, automobiles, food, and healthcare.
The superior chemical properties of silicone and high consumption of silicone in industrial processes are important factors driving the growth of the silicone market globally. Moreover, growing infrastructure in the emerging nations is surging the overall global demand for construction chemicals, which, in turn, is anticipated to propel the demand for silicone over the forecast period. The growing demand for lightweight materials in the automotive sector and ever-increasing R&D initiatives for product advancement is adding fuel to the growth of the silicone market. The growing development of antimicrobial silicone elastomers is creating a huge potential of silicone in the healthcare industry. In addition to that growing awareness and use of liquid silicone rubber in the manufacturing sector is expected to act as a lucrative opportunity for the silicone market over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of silicones.
The entire silicones market has been sub-categorized into type and end-use industry. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-Use Industry
- Gels & Other Products
- Industrial Process
- Building & Construction
- Personal Care & Consumer Products
- Medical & Healthcare
This section covers regional segmentation which accentuates on current and future demand for silicones market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Silicones Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the silicones market include Ashland Incorporated, Allergan, Wacker Chemie AG, CSL Silicone Inc., Dow, Shin-Etsu Chemical Co. Ltd., Evonik Industries AG, Elkem Silicones, Momentive, Primasil Silicone, Silteq Limited, KCC Corporation, Gelest Inc., Innospec Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.