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.
The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Silicone market, besides offering a future COVID-19 impact assessment. Furthermore, the report points out the effective business approaches undertaken by the market players to enhance their product portfolios and prosper considerably.
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Key Players operating in the industry are:
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
Radical Features of the Silicone Market Report:
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- The report encompasses Silicone market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Silicone industry
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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
Regional Analysis Covers:
- 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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