Global silicone market research report: new technology, latest trends, investment opportunities and forecasts by 2025
According to a new report published by Reports Monitor titled, “Global silicone, Growth Opportunities, Innovations and Forecast, 2018-2025,” the silicone market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Silicone is also known as polysiloxanes. Polymers include synthetic compound made up of repeating units of siloxane. It is a chain of alternating oxygen atoms and silicon atoms.
Key factor of silicone market is heat-resistant. Silicone is used in adhesives, lubricants, cooking utensils, medicine and electrical insulation. Growing use and awareness of liquid silicon rubber due to modern manufacturing and latest injection molding technology in the worldwide silicone expected to create new opportunities for the market. It is considered as a modern category of synthetic materials in which siloxane functional group forms the backbone and can take a variety of physical forms, such as solids, semi-viscous pastes, oils, and more.
This report provides a detailed analysis of silicone, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global silicone market is majorly segmented on the basis of type and end-user. Based on type the global silicone market is bifurcated into elastomers, fluids, resins and gels while based on end-user it is segmented into building and construction, transportation, electronics, medical, textile and leather.
The global silicone market is majorly studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The vast application potentials of the product is significantly boosting its popularity in large scale industries in North America and Europe hence, it is expected to provide major opportunity for vendors operating on a global level. The rising market in China is one of the important reasons for the growth of Asia Pacific silicone industry.
The major key players operating in the market are: Dow corning, Wacker, Momentive, Shin-Etsu and Elkem, KCC corporation, Gelest, NuSil technology, and Specialty silicone products.
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