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Silicone Market Size, Share, Growth, Major Players, Industry Analysis by Forecast to 2030
According to ChemAnalyst report, “Silicone Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Silicone market stood at 7.21 Million Tonnes in 2020 and is forecast to reach 11.21 Million Tonnes by 2030, growing at a healthy CAGR of 4.55% until 2030, owing to its versatile properties like durability, heat resistance, foam control, adhesion, UV stability, discharge safety, transparency, glossiness, radiation resistance, and flexibility. These properties of Silicone make it useful for making seals and gaskets for autoclaves or hot air ovens that are needed to be sterilized at high temperature. Silicone elastomers because of their low toxicity and risk for any adverse biological reactions, have attained acceptance in use for medical as well as food applications.
Silicone is an inert synthetic polymer manufactured by polymerizing siloxanes which are monomers containing silicon atoms connected by oxygen, carbon and hydrogen atoms. The different types of Silicone are elastomers, resins, fluids, and gels. They are utilized in making lubricants, adhesives, medical applications, insulations, and cookware. Due to its versatile properties, Silicones have several end use industries such as building and construction, industrial process, personal care and consumer products, electronics, transportation, medical and healthcare, energy. Surging demand form the construction as well electronics industry is estimated to drive the demand of Silicone for the forecast period.
Read Full Report Here: https://www.chemanalyst.com/industry-report/silicone-market-580
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries including Silicone associated industries because the manufacturing plants were not operational coupled with the disruption the demand and supply chain during the lockdowns. However, Due to heavy demand from end use industries such as healthcare, construction, and electronics the market for Silicone was resumed back with full potential after the relaxation in lockdowns. Additionally, increasing use of liquid silicon rubber in Automotive and Medical industries is likely to boost the silicone market over the forecast period.
Region wise, Asia pacific region holds the major share of global demand for silicone due to increasing demand of application industries such as Construction, Automobile, Electronics, Personal Care and Healthcare etc. Moreover, rising population and per capita income in emerging economies like India and China coupled with growing number of products using Silicone is another factor influencing demand growth in the Asia Pacific region. A significant rise is expected to be observed in North America in the forecasted region due to the presence of various end use industries and its increasing demand in Building and Construction sector in the region.
Read Full Report Here: https://www.chemanalyst.com/industry-report/silicone-market-580
Major market players who are supplying for the products like The Dow Chemical Company (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea) suspended their production units present in the countries like US, France, Germany, Italy, and Spain due to the pandemic effects. Thus, the market is expected to suffer a mild setback in the upcoming forecast years.
Major players for Silicone globally include Dow, Emerald Performance Materials, Evonik Industries AG, Jiangsu Mingzhu Silicone Rubber Material Co., Ltd, Kaneka Corporation, Shin-Etsu Chemical Co. Ltd, Wynca Group, Hoshine Silicon Industry Co. Ltd, Elkay Chemicals Pvt. Ltd., Supreme Silicones, Specialty Silicone Products, Inc. among others.
“Being linked to the automotive and construction sectors, the global Silicone industry has shown a robust growth alongside urbanization and changing consumer preference towards environment friendly materials. Moreover, growing demand from other sectors including personal care, medical and healthcare sectors, will also extend the market for Silicone in the forecast period. In Asia Pacific, China and India serve as the key growth region with sufficiently installed capacities for Silicone. With new competitors emerging across the Asia Pacific Silicone market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
About Us:
ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
Contact Us:
ChemAnalyst
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523990
Mob: +91-8882805349
Email: [email protected]
Website: https://www.chemanalyst.com/
Silicone is an inert synthetic polymer manufactured by polymerizing siloxanes which are monomers containing silicon atoms connected by oxygen, carbon and hydrogen atoms. The different types of Silicone are elastomers, resins, fluids, and gels. They are utilized in making lubricants, adhesives, medical applications, insulations, and cookware. Due to its versatile properties, Silicones have several end use industries such as building and construction, industrial process, personal care and consumer products, electronics, transportation, medical and healthcare, energy. Surging demand form the construction as well electronics industry is estimated to drive the demand of Silicone for the forecast period.
Read Full Report Here: https://www.chemanalyst.com/industry-report/silicone-market-580
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries including Silicone associated industries because the manufacturing plants were not operational coupled with the disruption the demand and supply chain during the lockdowns. However, Due to heavy demand from end use industries such as healthcare, construction, and electronics the market for Silicone was resumed back with full potential after the relaxation in lockdowns. Additionally, increasing use of liquid silicon rubber in Automotive and Medical industries is likely to boost the silicone market over the forecast period.
Region wise, Asia pacific region holds the major share of global demand for silicone due to increasing demand of application industries such as Construction, Automobile, Electronics, Personal Care and Healthcare etc. Moreover, rising population and per capita income in emerging economies like India and China coupled with growing number of products using Silicone is another factor influencing demand growth in the Asia Pacific region. A significant rise is expected to be observed in North America in the forecasted region due to the presence of various end use industries and its increasing demand in Building and Construction sector in the region.
Read Full Report Here: https://www.chemanalyst.com/industry-report/silicone-market-580
Major market players who are supplying for the products like The Dow Chemical Company (US), Wacker Chemie AG (Germany), Shin-Etsu Chemical Co. Ltd., (Japan), Elkem ASA (Norway), Momentive (US), KCC Corporation (South Korea) suspended their production units present in the countries like US, France, Germany, Italy, and Spain due to the pandemic effects. Thus, the market is expected to suffer a mild setback in the upcoming forecast years.
Major players for Silicone globally include Dow, Emerald Performance Materials, Evonik Industries AG, Jiangsu Mingzhu Silicone Rubber Material Co., Ltd, Kaneka Corporation, Shin-Etsu Chemical Co. Ltd, Wynca Group, Hoshine Silicon Industry Co. Ltd, Elkay Chemicals Pvt. Ltd., Supreme Silicones, Specialty Silicone Products, Inc. among others.
“Being linked to the automotive and construction sectors, the global Silicone industry has shown a robust growth alongside urbanization and changing consumer preference towards environment friendly materials. Moreover, growing demand from other sectors including personal care, medical and healthcare sectors, will also extend the market for Silicone in the forecast period. In Asia Pacific, China and India serve as the key growth region with sufficiently installed capacities for Silicone. With new competitors emerging across the Asia Pacific Silicone market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
About Us:
ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.
The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.
Contact Us:
ChemAnalyst
B-44 Sector-57 Noida,
National Capital Region
Tel: 0120-4523990
Mob: +91-8882805349
Email: [email protected]
Website: https://www.chemanalyst.com/
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