Silicone Market Insight | Share, Size, Opportunity, Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2027)
Market Segmentation
The global silicone market insight has been segmented by type,
application, end-use industry and region.
Based on types, the market has been divided into silicone elastomers,
silicone gels, silicone fluids, silicone resins, and others. Silicone
elastomers are sub-divided into high temperature vulcanized (HTV), liquid
silicone rubber (LSR), and room temperature vulcanized (RTV). The silicone
fluids segment is further divided into straight silicone and modified silicone.
The elastomers segment is expected to account for over one-third of the global
silicones market revenue, whereas, the silicone fluids segment is expected to
grow at a highest CAGR during the forecast period. The demand for elastomers
can be mainly attributed towards rise in investments in construction and
increasing automobile production.
Based on applications, the market has been divided into adhesives,
sealants, coatings, engineered products, cosmetics, lubricants and others.
Engineered products accounted the largest market share in the global silicone
market, which is followed by adhesives. Demand for silicone-based construction
chemicals and materials is driving the demand in the latter applications.
Based on end-use industry, the construction industry accounted for the
largest value share in 2017, the segment is expected to maintain its dominance
throughout the forecast period. The increasing use of silicone rubber compounds
for waterproofing, flame resistance, and airtight gaskets in the building and
construction industry is expected to have a positive impact on market growth
during the forecast period. Moreover, silicone-based sealants, on account of
their oil and weather resistance are used for window sashes and metals,
concrete joints in public work projects, and plumbing penetration seals. Hence,
the construction boom in the US, Asia-Pacific, Middle East & Africa is
expected to offer plethora of opportunities during the forecast period.
Regional Analysis
Based on region, the global Silicone Market Insight has been
segregated into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa.
The market in Asia-Pacific accounted for the largest value share of the
global silicone market on account of increased spending on the growing
infrastructural development coupled with presence of prominent manufacturers in
the region.
North America is another prominent market in the global silicone market
on account of increasing use of silicone products in automotive and
construction activities.
The market in Europe is expected to witness moderate growth owing to the
demand from automotive industry.
The market in Latin America and the Middle East and Africa are likely to
grow at a healthy CAGR on account of increased spending on residential and
commercial construction.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/silicone-market-7449
Competitive Analysis
Some of the key players in the global silicone industry are DowDupont
(US), BASF SE (Germany), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co.,
Ltd. (Japan), Elkem ASA (Norway), Evonik (Germany), Momentive Performance
Materials Inc. (US), KCC CORPORATION (South Korea), Zhejiang Xin'an Chemical
Group Co., Ltd. (China), MESGO S.p.A. (Italy), and GELEST, INC. (US)
Get a Sample Report Now: https://www.marketresearchfuture.com/sample_request/7449
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®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Related Report:
https://www.marketresearchfuture.com/reports/ethylene-propylene-diene-monomer-market-2767
https://www.marketresearchfuture.com/reports/water-treatment-chemicals-market-1843
Comments
Post a Comment