Silicone Market- Industry Analysis and forecast 2027

[Aarti Ghodke]

Maximize Market Research's latest report, " Global Silicone Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.

Global Silicone Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ xx Mn.

Global Silicone Market Overview

Silicones are one of the most flexible materials in a wide range of industries. They have unique properties such as toughness, electricity, adhesion, foam control, safety discharge, UV stability, brilliance, transparency, radiation resistance, hydrophobicity, heat resistance, and versatility that allow them to be used in a variety of forms and applications. This robust and highly resistant material is ideally suited for use at temperatures above 100°C (the limit of most other rubbers).

The superior properties of silicone also make it useful for seals and gaskets which need to be steamed or sterilized. Because of its excellent electrical resistance, silicone is also used in the electrical and electronics industry. The rising demand for lightweight materials in the automotive industry and the increasing R&D activities for product innovation are projected to fuel overall industrial growth in the forecast period. For example, over the last few years, lightweight materials have increasingly been used to reduce vehicle weight, resulting in a reduction in total fuel consumption. It is projected that the high thermal stability associated with silicone fluids will fuel industrial growth in the forecast period. For instance, Elkem ASA acquired Basel Chemie, a South Korean maker of specialty silicone gels for cosmetics and water repellents. This acquisition has helped Elkem appeal to a wide variety of end users in August 2019.

In addition, growing demand for ultra-pure silicone in various end-use industries is expected to offer substantial opportunities for growth during the forecast period. Ultra-pure silicone is a highly processed silicone substance with a negligible amount of impurity. These materials are commonly used in photovoltaic power generation, solar panels and nanoelectronics, as these applications require a high degree of material purity. In addition, ultra-pure silicone is commonly used in the medical industry for applications such as medical tubing and tubes, membranes, breathing masks and instrument handles. For instance, Momentive launched a thermally resistant PSA silicone called SilGrip PSA810 in June 2018. It is a pressure-sensitive adhesive (PSA) for specialty masking and assembly tapes used in the electronics and automotive market sectors.

By Type, Silicone market is segmented by Elastomers and Fluids. Elastomers dominated silicone market with emerging markets for silicone-based products such as electric cars, clean energy and electronics. By End-Use, industrial processes is the leading segment across other verticals thanks the growing demand for silicone materials in applications such as lubricants, anti-foaming agents in offshore drilling, paper processing, industrial coatings and paint additives.

By region, North America is anticipated to account for the highest revenue share contribution and projected to dominate the global market during the forecast period. The attributing factor is the adoption by manufacturers in North America of precision engineering practices with an emphasis on accuracy and durability in the manufacture of products has resulted in an increase in the region's use of Silicone. The Asia Pacific region is projected to register the fastest growth rate in the target market due to the presence of large industrial bases for electronic production in China, Japan, Korea and digitalizing the infrastructure in the region.

Get a Sample PDF of the Report at : Request Free Sample Report

Global Silicone Market Major Market Players

• Shin-Etsu Chemical Co., Ltd.
• Wacker Chemie AG
• Evonik Industries AG
• Elkay Chemicals Pvt. Ltd.
• Supreme Silicones
• Innospec Inc.
• Momentive
• Dow Inc.
• Gelest Inc
• KCC Corporation
• Elkem ASA
• Silchem Inc.
• Specialty Silicone

The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.

Segmentation of Global Silicone Market by Types and Applications:

Global Silicone Market, By Type

• Elastomers
• Fluids
• Resins
• Gels
Global Silicone Market, By End-Use

• Education
• Government & Defence
• Industrial Processes
• Aerospace & Defense
• Manufacturing
• Media & Entertainment
• Automotive
• Banking Financial Services and Insurance
• Consumer Goods
• Others
Global Silicone Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
The report has covered the market size by country (regions) for the global Silicone market. Segment by Application. The Silicone Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.

Analysis of the Silicone Market Share and Competitive Landscape:

This report provides a detailed analysis of the Global Silicone Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.

More about us:
Maximize Market Research has been a trusted partner for many prestigious clients including Yamaha, Sensata and Etnyre in Canada, ALCOR M&A Microsoft and Harman. Maximize Market Research offers market research to both B2B and C2C regarding 5000 emerging technologies & potentials in Transportation, Chemical and Healthcare, Electronics & Communications, and Pharmaceuticals.
Contact Us:
Maximize Market Research Pvt ltd
Email: [e-mail]
Related Report Link:China Electric Car Market