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Silicone Derivative Market Value 2018 – 2023 | Emerging Industry Reviews - Dow Corning Corporation, Shin-Etsu Chemical, Wacker Chemie, Triveni chemicals, Zhenzhou Yellow River Emery, Saint-Gobain Silicon Carbide, Multimin-Egypt for Mining S.A.E, Hisilco
Silicone Derivative Market is projected to Grow Approximately at CAGR of 6%
Silicone are the polymers made by repeating units of siloxane. Silicone Derivatives are produced by bonding silicone atoms with oxygen, carbon, and hydrogen alternatively. These derivatives offer properties such as heat and temperature resistance. These properties make them suitable for many applications in major end-use industries such as automotive spares, construction materials, electronics, personal care, and others.
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The Global Silicone Derivative Market is primarily driven by the fact that they are readily bio-degradable and are easily available. The Silicone Derivative are also being used in food & beverage industry owing to their colloidal and hydrophilic properties. Other applications of Silicone Derivative include their use as sealants, adhesives, grease, and lubricants, which is expected to further fuel the market growth during the forecast period. Increasing investments in infrastructural developments in emerging markets of Asia Pacific is expected to offer substantial opportunities to the market. Furthermore, the high production and sales of automotive in the region is likely to fuel the market growth over the review period. Also, silicone derivatives are better choice over the conventional rubber due to their greater adaptability, durability, and safety.
Silicone Derivative Market- Competitive Landscape
The Global Silicone Derivative Market is witnessing rapid growth primarily due to their growing demand in various major end-use industries such as construction, automotive, energy, and many more. Dow Corning Corporation, Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, Triveni chemicals, Zhenzhou Yellow River Emery Co., Ltd, Saint-Gobain Silicon Carbide, Xuancheng Crystal Clear New Materials Co., Ltd among others are the leading players in this market. Most of these market participants are adopting the acquisition and new product launching in order to strengthen their market position and meet the growing demand. The increasing adoption of these key developments coupled with the high global demand for infrastructure and automotive is expected to influence the market growth positively. Considering these trends, the Global Silicone Derivative Market is set to witness considerable competition over the forecast period of 2018-2023.
Industry/ Innovation/ Related News:
April 18, 2018- Germany based developer and manufacturer of silicone, polymers and fine chemicals Wacker Chemie AG has announced their plans to launch Belsil Eco silicones. The product uses silicon and renewable raw materials to make it applicable in cosmetics. Wacker is the only company manufacturing this kind of product. At present the Belsil Eco range comprise of six silicone fluids, which are suitable in manufacturing sunscreens, moisturizers, lotions, conditioner, shampoo, and other cosmetics products.
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February 13, 2018- Spectrum Plastics Group, the U.S. based leading medical extruder with complementary injection moulding, silicone, and assembly capabilities has acquired the Apex Resource Technologies, Inc. Apex is a full-service tooling, design engineering, and injection moulding company focused on high performance, specialty silicone and plastics for the medical device industry. This acquisition will help Spectrum in evolving their business and tap increasing demand for silicone derivative in medical devices.
November 28, 2018- Dow Performance Silicones, a business unit of the U.S. based giant merger DowDuPont'S Material Science Division has launched Dow Corning 904H Coating Additive. This new a silicone additive for architectural façade coatings supports advanced aesthetics for building exteriors. This new silicone additive is designed to reduce the snail trial effect commonly observed in coatings when surfactants and other water-soluble ingredients in coatings formulations leach to the surface.
October 16, 2017- The largest chemical company in Japan, Shin-Etsu Chemical Co., Ltd. has announced their plans to Akron, Ohio, U.S based plant of the U.S. based subsidiary Shin-Etsu Silicones of America, Inc. (SESA). This plant of Shin-Etsu mainly engages in manufacturing and sale of functional silicones.
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