GLOBAL SILICONE MARKET
Executive Summary Market Overview Global Silicon Market- By Products Global Silicon Market-by Application Global Silicon Market – By Geography Competitive Analysis Global Top Players
CON TEN T
EXECUTIVE SUMMARY
The global market for silicones in terms of revenues was estimated to be worth $13,080.0 million in 2011 and is expected to reach $19,424.0 million by 2017, growing at a CAGR of 6.8% from 2012 to 2017.
The global market for silicones is presently experiencing strong growth mainly achieved by rising demand from its end-user applications, especially building and construction, plastics and chemical industry and are expected to drive growth over the next few years. The growth in the silicone market will be stimulated by expanding applications in motor vehicles, electronic components, and medical and personal care products. The global silicone market is dominated by elastomers and fluids, together accounting for over 80% of the overall market in 2011. Silicones possess superior properties and characteristics which are extremely useful in the automotive, construction, medical and personal care and, electrical and electronics end-user industries which are witnessing significant growth especially in China and India. The overall outlook for global silicone market is attractive with demand expected to be strong in the near future.
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