Global silicones market is expected to reach USD 19.56 Billion by 2026, at a CAGR of 4.90% from 2019 to 2026. Favorable properties of silicones such as chemical stability, ozone and UV resistance and consistent performance over a wide temperature range are driving the global silicones market.
Silicones belong to a family of specialty, high performance materials. Silicones are polymers containing synthetic compound made up of repeating units of siloxane. Silicones are characteristically heat-resistant and either liquid or rubber-like, and are commonly used in sealants, adhesives, lubricants, medicine, cooking utensils, and thermal and electrical insulation. Owing to their molecular structure, silicones can be manufactured in many forms including solids, liquids, semi-viscous pastes, greases, oils and rubber. Silicones exhibit a wide range of chemical and physical properties, such as flexibility, resistance to moisture, chemicals, heat, cold and ultraviolet radiation etc. Thus, increasing utilization of the silicones in various applications such as flame resistant, airtight gasket, and water proofing in the construction sector is anticipated to bolster demand for the silicones over the forecast period.
Global Silicones Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The global silicones market has been segmented on the basis of product and application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region emerged as the largest market for silicones with a 42.78% share of market revenue in 2018.
Global Silicones Market Competitive Analysis:
Key players in the global Silicones market are Shin-Etsu, Silchem, Inc., ICM Products Inc., Silteq Ltd., Wacker Chemie GmbH, Specialty Silicone Products, Inc., Evonik Industries AG, Hutchinson, Kemira Oyj, Allergan, Ashland Incorporated, CSL Silicones Incorporated, Dow Corning Corp., CRI-SIL Silicone Technologies, LLC, RUSNANO, Quantum Silicone, Momentive Performance Materials Inc., Trelleborg AB, Bluestar Silicones International Co., Ltd., and among others. Major players are focusing on new product launch in order to effectively participate in the highly competitive market. For instance in 2016, Dow Corning High Performance Building Solutions introduced new Dow Corning® IE 6686 Water Repellent, a next-generation, silicone-based microencapsulation/ emulsion for fiber-reinforced cement (FRC) admixtures that delivers excellent resistance to water uptake and efflorescence.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global silicones market on the basis of below mentioned segments:
Global Silicones Market by Product:
Global Silicones Market by Application:
Global Silicones Market by Region:
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