Silicones Market Share 2021, Trends, Company Profiles with Supply and Demand Analysis, Consumption, Growth Rate
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.
Table Of Contents
1 Executive Summary
2 Scope Of The
Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research
Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Silicones Market
5 Industry Overview
Of Global Silicones Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
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.
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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.
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