The global silicones market reached a volume of more than 2 Million Metric Tons in 2017. The market is further projected to reach a volume of 3 Million Metric Tons by 2023, at a CAGR of 5% during 2018-2023. Silicones, also known as polysiloxanes, refer to polymeric synthetic materials which are formulated from inorganic-organic monomers. Due to their molecular structure, silicones can be manufactured in several forms such as oil, solid, rubber, liquid, grease or semi-viscous paste. They are generally manufactured by first reacting silicon with methyl chloride and then with water. This reaction results in the production of polymers with advantageous properties such as flexibility, and resistance to moisture, chemicals, UV rays, and both high and low temperatures. As a result, silicones find diverse applications ranging from use in pressure sensitive adhesives to protection of electronic devices from extreme temperatures and contamination.
Global Silicones Market Drivers:
Breakup by Product Type:
On the basis of product types, the global silicones market is divided into elastomers, fluids, gels and resins. At present, elastomers represent the most popular type of silicones as they are generally stable and non-reactive in nature. They find diverse applications in cooking, baking and footwear manufacturing.
Breakup by Application:
Based on applications, the market is segregated into industrial processes, construction materials, home and personal care products, transportation, energy, healthcare, electronics, and others. As silicones are resistant to high pressure, temperature and chemicals, they majorly find applications in industrial processes.
On a geographical front, Asia Pacific enjoys the leading position in the global silicones market. Rising construction and automotive industries are propelling the demand for silicones in the region. Other regions include North America, Europe, Latin America, and Middle East and Africa.
The market is concentrated in nature with the presence of a few manufacturers who compete against one another in terms of prices and quality. Some of these key players include:
This report provides a deep insight into the global silicones market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the silicones market in any manner.
Key Questions Answered in This Report:
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