Global Silicone Market Share & Trends Worth $20.0 Bn by 2021

Global Silicone Market Share & Trends Worth $20.0 Bn by 2021

According to the report, global silicone Market was valued at USD 15.0 billion in 2015 and is expected to reach USD 20.0 billion in 2021, growing at a CAGR of 5.1% between 2016 and 2021.

Zion Market Research has published a new report titled “Silicone Market (Resins, Elastomers, Gels, Fluids and Others) for Textile, Building & Construction, Paper, Chemical Industry, Plastics, Automotive & Transportation, Electrical & Electronics, Medical & Personal Care and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, Global Silicone Market was valued at USD 15.0 billion in 2015 and is expected to reach USD 20.0 billion in 2021, growing at a CAGR of 5.1% between 2016 and 2021.

Silicones are the polymers consisting of synthetic compounds with repeating units of siloxane. Siloxane is a chain of alternating silicon and oxygen atoms with carbon and hydrogen bonds. Silicone offers superior properties such as; high binding capacity, radiation &water resistance, tear & tensile strength, transparency and coloring properties. Silicone rubber, silicone caulk, silicone oil, silicone resin and silicone grease are some key forms of silicone.

Browse through 29 Market Tables and 36 Figures spread through 110 Pages and in-depth TOC on “Silicone Market (Resins, Elastomers, Gels, Fluids and Others) for Textile, Building & Construction, Paper, Chemical Industry, Plastics, Automotive & Transportation, Electrical & Electronics, Medical & Personal Care and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”.

Request Free Sample copy of Global Silicone Market Report @ https://www.zionmarketresearch.com/sample/silicone-market

The silicone market is expected to witness significant growth in the years to come. The market is mainly driven by increasing demand in construction and building across the globe. The growing and emerging chemical and automotive industries, especially in Asia Pacific region, is likely to boom the demand for silicone over the years to come. However, unstable prices of raw materials such as; methyl chloride and silicone metal for the production of silicone is expected to impede the growth of silicone market. The changing dynamics of research and development for product improvement by the major players are likely to open growth opportunities for the market in the near future.

Based on the type of silicone, the global silicone market is bifurcated into resins, elastomer, gels, fluids and other products. Among mentioned types, the elastomer was the largest segment of global silicone market in 2015. It accounted for 37.13% shares of the total market in 2015. Moreover, fluid is one of the fastest growing segments of silicone market in near future. The growing use of silicone fluid in automotive & transportation industry is a driving factor for the silicone market. In addition, the increase in consumption of silicone in medical and personal care industry is expected to boost the demand for silicone during the years to come. Gels and resins are also important types that are projected to augment at a growing CAGR between 2016 and 2021.

Browse the full “Silicone Market (Resins, Elastomers, Gels, Fluids and Others) for Textile, Building & Construction, Paper, Chemical Industry, Plastics, Automotive & Transportation, Electrical & Electronics, Medical & Personal Care and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021” report at https://www.zionmarketresearch.com/report/silicone-market

A host of applications across the wide range of applications includes chemical industry, building & construction, plastics, paper, automotive and transportation, textile, medical & personal care, electrical and electronics and other. Building & construction industry was the leading segment of the market in 2015. It accounted for more than 25% share of the entire market and this growth is attributed to the growing construction industry across the globe. Emerging industrialization and urbanization are likely to propel the demand for silicone in the construction industry over the years to come. The chemical industry is the fastest growing segment and expected to remain competitive with the presence of a large number of vendors.

Asia-Pacific region dominated the market with the largest share of silicone consumption globally in 2015. China was the largest market among Asian countries, due to a large number of consumers. Asia Pacific was followed by Europe and North America in the same year. Moreover, Europe and the U.S. are likely to witness moderate growth within the forecast period owing to the huge stake in silicone development. Latin America, the Middle East, and Africa would show decent growth in the silicone market in the coming years.

Inquire more about this report before purchase @ https://www.zionmarketresearch.com/inquiry/silicone-market

Some of the major players of global silicone market are Bluestar Silicones, BASF SE, Emerald Performance Materials LLC, Momentive Performance Materials Inc., Zhejiang Xinan Chemical Industry Group Co. Ltd, Shin-Etsu Chemical Company, Specialty Silicone Products Inc, Nusil Technology, Wacker Chemie AG, The DOW Corning Corporation, Rogers Corporation, Kaneka Corporation and Jiangsu Hongda New Material Co. Ltd.

Request customized copy of report @ https://www.zionmarketresearch.com/custom/450

This report segments the global silicone market as follows:

Global Silicone Market: Product Analysis

  • Resins
  • Elastomers
  • Gels 
  • Fluids  
  • Others

 

Global Silicone Market: Applications Analysis

  • Chemicals
  • Plastics 
  • Paper 
  • Building & construction 
  • Automotive & transportation
  • Textile 
  • Medical & personal care 
  • Electrical & electronics
  • Others

 

Global Silicone Market: Regional Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

 

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Media Contact
Company Name: Zion Market Research
Contact Person: Joel John
Email: Send Email
Phone: +1-386-310-3803
Address:4283, Express Lane, Suite 634-143
City: Sarasota
State: Florida
Country: United States
Website: https://www.zionmarketresearch.com/report/silicone-market

Calendar

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930  

Categories