Silicone Market – Industry Analysis and Forecast (2017-2026) _ by Type (Elastomers, Fluids, Resins and Gels), by End-Use Industry (Personal Care & Consumer Products, Industrial Process, Electronics, Medical & Healthcare, Building & Construction, Transportation, Energy, Other), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)
Silicone or polysiloxanes are special polymers comprising of siloxane combined with carbon or hydrogen or both.
Global Silicone Market was valued at US$ 14.23Bn in 2017 and is expected to reach US$ 25.12Bn by 2026, at a CAGR of 7.36%.
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Report includes assessment of Silicone Market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the type, end-use industry, and geography to assist in strategic business planning.
Properties such as heat-resistant allow for its usage in adhesives, sealants or electrical insulation as well. Resistance to chemicals further allow for silicone usage in automotive industries as well.
The silicone elastomers segment is expected to witness huge market growth and a large market share:
The silicone elastomers is the largest segment of the silicone market, in 2017. Properties such as extreme temperature resistance, durability and biocompatibility, make silicone elastomers suitable for medical applications. High viscosity especially in usage for insulation purpose remain a major restraint for the global market.
Asia Pacific held the largest share of the market during the forecast period:
Expansion together with robust infrastructural development of various end-user industries are making positive impact on the silicon market region thereby making Asia Pacific the largest region for the Silicone Market.
Scope of the Report:
Silicone Market, by Type: Elastomers, Fluids, Resins and Gels
Silicone Market, by End-Use Industry: Personal Care & Consumer Products, Industrial Process, Electronics, Medical & Healthcare, Building & Construction, Transportation, Energy, Other
Silicone Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
Silicone Market, Company profiles:
• Dow Corning (US)
• Wacker (Germany)
• Momentive (US)
• Shin-Etsu (Japan)
• Elkem (Norway)
• Evonik (Germany)
• KCC Corporation (South Korea)
• Gelest (US)
• NuSil Technology (US)
• Specialty Silicone Products (US)