Global silicones market Share by 2027: Global and Regional Analysis by Top Leaders and Products made possible by top research firm
Market Overview:
Silicones are versatile and unique polymers because
addition of different compounds and molecules to the main structure improve or
alter the original properties. They are used with chemicals and materials often
without generating undesired odor or byproduct. Moreover, they retain their
fundamental chemical as well as physical properties when exposed to extreme
environment condition and temperature. They are widely utilized in various
end-use applications such as automotive & transportation, building &
construction, medical & healthcare, industrial process, personal care &
consumer products, and others on account of their superior properties such as
resistance to UV and IR radiation, strong water repellency, and extremely
strong adhesion qualities.
Some of the prominent factors that positively
influence the growth of the silicones market are increasing per capita
disposable income, improved living standards, and rapid industrialization.
Moreover, continuous growth of the building & construction industry in the
developing countries worldwide is estimated to propel the market over the
assessment period. Huge investment in the ongoing innovation and research &
development projects by the major key operational players and high adoption
rate within the end use industries are set to influence silicones demand
positively. Furthermore, coatings and adhesives made from silicones provide
excellent durability and better performance, which make them suitable for
utilization in automotive and construction industries. However, volatility in
raw material prices is estimated to hinder the growth of the market.
Market Segmentation:-
Globally, silicones market is categorized on the basis
of type and application. On the basis of the type, the market is categorized
into resins, fluids, gels, and elastomer. Silicone elastomer can be further
segmented into liquid silicone rubber, high temperature vulcanized silicone
elastomers, and room temperature vulcanized silicone elastomers. Silicone
fluids are further bifurcated into straight silicone fluid and modified
silicone fluid. Silicone resins can be segmented into methyl silicone resin,
phenyl silicone resin, and silicone combination resin. Among them, the
elastomer accounted for the largest market share in 2016 on account of rising
use of this elastomer in the automotive & transportation and construction
industries. On the basis of the application, the market is segmented into
building & construction, personal care & consumer products, automotive
& transportation, medical & healthcare, industrial process, and others.
Other application include, electrical & electronics, paper, textile, and
energy. Among these, automotive & transportation is estimated to grow at a
significant CAGR due to increasing automotive production and sales along with
increasing use of silicone in the manufacturing of automotive components.
Access Report
Deatails @
https://www.marketresearchfuture.com/reports/silicones-market-5476
Regional Analysis
The market in the Asia Pacific is predicted to
register the fastest growth, which is further followed by Europe and North
America owing to growing demand from numerous end-use industries such as
automotive, personal care, and building & construction among others. The
North American market is expected to witness a steady growth with the U.S. and
Canada being major contributors. Europe is estimated to witness an average
growth over the assessment period on account of increasing demand for silicones
in automotive and textile sector specifically in Germany, Poland, Spain, and
the U.K. Numerous countries of Latin America and the Middle East & Africa
are estimated to register a moderate growth due to increasing disposable income
along with rising consumption of personal care.
Competitive analysis
The major players operating in the silicones market
include Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Shin-Etsu
Chemical Co., Ltd. (Japan), Momentive (U.S.), Elkem Silicones (Norway), Evonik
Industries (Germany), KCC Corporation (South Korea), GELEST, INC. (U.S.), NuSil
Technology LLC (U.S.), Specialty Silicone Products, Inc. (U.S.), Saint-Gobain
Performance Plastics (France), and BASF SE (Germany) among others.
Get A Sample Report
Here @
https://www.marketresearchfuture.com/sample_request/5476
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), &
Consulting Services.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by products, services, technologies,
applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more,
which help to answer all their most important questions.
In order to stay updated with
technology and work process of the industry, MRFR often plans & conducts
meet with the industry experts and industrial visits for its research analyst
members.
Contact:
Market Research Future
Phone: +16468459312
Comments
Post a Comment