World Silicones Market - Opportunities and Forecast, 2014 - 2022 MarketIntelReports newly published a research report on World Silicones Market with covering detailed analysis on market segmentation, global notable vendors, geographical outlook, price & financial updates, segment & application approach and future forecasts.
Published on – 01 June, 2016 | Number of pages :110 Single User Price: $4515
According to a new report published by MarketIntelReports, titled "World Silicones Market", the silicones market is expected to reach $20,784 million by 2022, growing at a CAGR of 4.9% from 2016 to 2022. Silicone elastomers segment dominated with more than one-third share of the market revenue and volume in 2015.
Silicones are high-performance oligomers or polymers with an alternating siliconoxygen backbone, formed with aliphatic or aromatic side groups. They are considered as a modern class 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. They are produced by reacting silicon with methyl chloride and further reaction with water. Silicones are resistant to high & low temperatures and find applications in several products used across a wide range of end-user industries.
Manufacturers of silicone are carefully complying with the regulations and norms drawn by the public authorities from the U.S., Europe, and Asia to safeguard human health and the environment. There are myriad growth drivers for the world silicones market, of which the most important is the rapid growth of building & construction and electronic end-use sectors, especially in Asia-Pacific. Silicones are mainly used as adhesives, sealants, and coatings in these sectors. In addition, silicone rubbers are widely used as sculptor materials make accurate reproductions of original sculpture. Silicone-based products also contribute toward energy savings and greenhouse-gas emission reduction, which increases its popularity in the enduser market. Rising cost of key raw materials, methyl chloride & silicon metal, hinders the market growth. Emerging economies in Asia-Pacific, such as India, Indonesia, and Thailand, offer various opportunities for the silicones market owing to the rapidly growing end-user industries in these countries.
Geographical Brief: The world silicones market is segmented on the basis of type, end user, and geography. Based on different types, the market is classified into elastomers, fluids, resins, and gels. Silicones find applications in various industries such as building & construction, transportation, electronics, medical, textile & leather, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The silicones market, with its surging demand in end applications, witnessed a high growth during the past few years, and this growth trend is estimated to continue in the future too. Key players in the market invest huge capital in R&D activities to develop enhanced products, which helps to meet current demand areas including advanced medical science.
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Key questions answered in this report • What will the market size be in 2020 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors? You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
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World Silicones Market - Opportunities and Forecast, 2014 - 2022 A detailed qualitative analysis of the factors responsible for driving and restraining growth of the World Silicones Market - Opportunities and Forecast, 2014 - 2022 Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022 and future opportunities are provided in the report.
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