Silicones Market Is Expected to Reach $20,784 Million, Globally, by 2022 With Bluestar Silicones International Co., Ltd. (France), Shin-Etsu Chemical Co. Ltd. (Japan), Momentive Performance Materials Inc. (U.S.), Wacker Chemie AG (Germany), Dow Corning Co

Silicones Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $20,784 million by 2022, registering a CAGR of 4.9% during the period 2016-2022.Silicone elastomers segment dominated with more than one-third share of the market revenue and volume in 2015.
The silicone market is driven by factors such as rapid infrastructure development, growing adoption of medical implants, and superior properties namely less CO2 and other greenhouse gas emissions from silicone products. Silicones bond with most materials, from concrete, glass, granite, and marble to aluminum, steel, and plastics. These are the best choice for various infrastructure activities owing to their advantages such as high durability and resistance to decay caused to other materials through rough weather conditions, moisture, or sunlight.

Silicones are widely accepted as safe materials for human body and are also approved by FDA after extensive research to be used as a fixture or implant in different parts of the body. They are also utilized in many other medical treatments to facilitate healing at a faster rate, enhance the appearance of existing scars, and decrease discomfort. The factors that restrain the market growth include availability and volatile cost of raw materials.

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Silicones market is segmented into different types such as elastomers, fluids, resins and gels. The elastomer segment accounted for more than one-third of the global silicone market, both in terms of volume and revenue in 2015, owing to its unique ability to retain its mechanical properties over a wide temperature range. Hence, silicone elastomers are mostly applicable in construction, where they are used as structural glazing sealant. Silicone fluids is the second largest segment and is mostly used in cosmetics, paints & coatings, and healthcare industries.

Key Findings of Silicones Market:

• Asia-Pacific is expected to continue to lead the market throughout 2022, followed by Europe.

• The building & construction end user segment accounted nearly half of the global silicones demand in 2015.

• Silicone elastomers market volume is projected to grow with a higher CAGR of 5.6% during the forecast period.

• China contributed one-fifth of the silicones market volume in 2015.

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Major key players:

• Bluestar Silicones International Co.Ltd. (France)
• Shin-Etsu Chemical Co. Ltd. (Japan)
• Momentive Performance Materials Inc. (U.S.)
• Wacker Chemie AG (Germany)
• Dow Corning Corporation (U.S.)
• Evonik Industries AG (Germany)
• Sivance LLC (U.S.)
• CSL Silicones Inc. (Canada)
• Emerald Performance Materials LLC (U.S.)
• ICM Products Inc. (U.S.).

Table of content:


Chapter: 1. Introduction

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segment
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter: 2. Executive Summary

2.1. CXO Perspective
2.2. Market Beyond: What to Expect by 2027

2.2.1. Moderate Growth Scenario
2.2.2. Rapid Growth Scenario
2.2.3. Diminishing Growth Scenario

Chapter: 3. Market Overview

3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies

3.3. Porters Five Forces Analysis
3.4. Market Dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

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