MRO Magazine

Research and Markets: Silicone Market by Type, Application & by Region – Global Trends & Forecasts to 2020 for the $20 Billion Industry


October 2, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/fpvrvh/silicone_market) has announced the addition of the “Silicone Market by Type, by Application & by Region – Global Trends & Forecasts to 2020 “ report to their offering.

The global silicone market is projected to reach a market size of USD 20.3 Billion by 2020, at a CAGR of 6.0% from 2015 to 2020.

Asia-Pacific and Europe dominate the global silicone market and together they accounted for 70.4% of the global silicone demand in 2014. Asia-Pacific, Europe, and South America are projected to be the fastest-growing regions in the coming decade as end-use industries such as automotive & transportation, electrical & electronics, building & construction, medical & personal care, and appliances are still developing and expecting robust growth in the regions.

The global silicone market is dominated by the elastomers and fluids segments, together accounting for over 81.5% of the overall market in 2014. Silicones possess superior properties and characteristics which are extremely useful in the automotive, construction, medical & personal care, and electrical & electronics industries that are witnessing significant growth especially in China and India. The overall outlook for the global silicone market is attractive with demand expected to be strong in the near future.

Elastomers are the most widely used silicone type, since they have a longer service life, also they are widely used in industries which manufacture certain products that need to retain its initial shape and mechanical strength under heavy thermal stress or at subzero temperature. High-temperature-vulcanizing silicone elastomers are used in the automotive industry, in the electrical transmission and distribution sector, electrical applications, food & personal hygiene, machinery & plant construction, and in the construction industries.

Building & construction is the major application of silicone, due to its wide use in adhesives and sealants. Sealants are generally used for roofing systems, bathtubs, water resistant masonry resins, and for structural glazing, windows & doors to large curtain walls insulating foam resins and urethane additives, due to which, it is having a wide demand in this industry.

Key participants in the global silicone market include Dow Corning Corporation (U.S.), Momentive Performance Materials Inc. (U.S.), Wacker Chemie AG (Germany), Bluestar Silicones (France), and Shin-Etsu Chemical Co. Ltd. (Japan).

Key Topics Covered:

1 Introduction

2 Research Data

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Silicone Market, By Type

8 Silicone Market, By Application

9 Silicone Market, By Region

10 Competitive Landscape

11 Company Profiles

– 3M Company

– Arkema SA.

– Ashland Inc.

– BASF SE

– Bluestar Silicones

– Chase Corporation

– Emerald Performance Materials Llc

– Evonik Industries AG

– Gelest Inc.

– ICM Products

– Jiangsu Hongda New Material Co. Ltd

– Jiangxi Xing Huo Organic Silicon Factory

– KCC Corporation

– Kaneka Corporation

– Momentive Performance Materials Inc.

– Nusil Technology

– Rogers Corporation

– Saint-Gobain

– Shin-Etsu Chemical Company

– Specialty Silicone Products Inc.

– The DOW Corning Corporation

– The Sherwin-Williams Company

– Wacker Chemie AG

– Zhejiang Xinan Chemical Industry Group Co. Ltd

For more information visit http://www.researchandmarkets.com/research/fpvrvh/silicone_market

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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