Silicone Market Trends, Overview, Restraints, Company Profiles, Analysis & Forecast Till 2028

Market Size – USD 15.53 Billion in 2020, Market Growth – at a CAGR of 6.8%, Market Trends – Increasing involvement of government regulatory bodies in value chain

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 such applications. Silicones are used in a range of processes in textile mills, such as the producing of yarns and the final product.

As per the predictors of Emergen Research, the Silicone is a major functional ingredient in many food stuffs and thus there is an increasing demand for Silicone from food beverage sector. Besides, awareness is growing among people about health and nutritional products. All these factors are projected to bolster the growth of the global Silicone market in the analysis period. Moreover, the increase in number of RD activities for the development of novel products coupled with favorable government initiatives to promote healthy diet are expected to make huge growth opportunities for the global market. 

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/silicone-market

The key companies studied in the report 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.

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The report studies the historical data of the Silicone market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Silicone industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Silicone market.

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The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Silicone market
  • The report further analyzes the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

Emergen Research has segmented the global silicone on the basis of product, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

  • gels
  • elastomers
    1. Liquid Silicone Rubber (LSR)
    2. High-Temperature Vulcanized (HTV)
    3. Room Temperature Vulcanized (RTV)
  • fluids
    1. Straight Silicone Fluids
    2. Modified Silicone Fluids
  • resin
  • others
    1. emulsions
    2. 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

On the basis of regional analysis, the market is segmented into the following regions:  North America, Latin America, Europe, Asia Pacific, and Middle East Africa.  The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

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