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According to the latest report by IMARC Group, titled “Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global siloxanes market size reached US$ 8.8 Billion, while the global silicones market size reached US$ 15.1 Billion in 2020. Siloxanes are a class of chemical compounds composed of recurring silicon-oxygen (Si-O) bonds that occur in either linear or cyclic form. They are physiologically inert, highly stable and have lubricating properties. Dodecamethylcyclohexasiloxane, decamethylcyclopentasiloxane and polydimethylsiloxanes are some of the commonly used siloxanes. On the other hand, silicones are polymers produced using repeated units of siloxanes. They find application in a wide array of industries on account of their advantageous characteristics, such as resistance to moisture, flexibility, inertness, stability, and permeability to gases.
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Global Silicones and Siloxanes Market Trends:
Cyclic siloxanes and silicone polymers find extensive application in the personal care sector as a solvent in make-up, deodorants, hair, and skin and sun care products. This, in confluence with the growing awareness about personal grooming, represents one of the key factors driving the market. Moreover, siloxanes are utilized as an oil-substitute for preparing low-calorie food products in the food and beverage (F&B) industry. Apart from this, silicones offer durable and weather- and ultraviolet (UV)-resistant seal with excellent adhesion, which are widely used in the production of construction materials and polyurethane foam for increasing building insulation and energy efficiency. Furthermore, the burgeoning construction industry and increasing infrastructural developments in various countries across the world are anticipated to propel the market growth. Looking forward, the global siloxanes market will expand at a CAGR of about 7.3%, whereas the silicones market will register a CAGR of around 7.7% during the forecast period (2021-2026).
Market Summary:
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