openPR Logo
Press release

Silicones Market is expanding at $20,784 Million by 2022 | Asia-Pacific is showing high growth rates during forecast period

04-05-2019 03:22 PM CET | Health & Medicine

Press release from: Allied Market Research

Silicones Market

Silicones Market

The Global Silicones Market is expected to reach $20,784 million by 2022, registering a CAGR of 4.9% during the period 2016-2022, according to Allied Market Research. Silicone elastomers segment dominated with more than one-third share of the market revenue and volume in 2015.

Silicones, or polysiloxanes are high-performance oligomers or polymers with an alternating silicon oxygen backbone, formed with aliphatic or aromatic side groups. They are considered as a modern class of synthetic materials in which siloxane functional group forms the backbone and can take a variety of physical forms, such as solids, semi-viscous pastes, oils, and more. They are produced by reacting silicon with methyl chloride and a further reaction with water.

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/1417?utm_source=opr_sank

Silicones are resistant to high & low temperatures and find applications in several products used across a wide range of end-user industries. Silicones are beneficial owing to their heat resistance and rubber-like quality. This is perhaps why they are used widely in the manufacture of sealants, adhesives, lubricants, medicine, thermal & electrical insulation, and cooking. The ability of silicones to withstand great stress and extreme temperatures makes it useful for aviation & aerospace industries. In the construction industry, silicones are used in the building of high-performance structures. It is used as an energy-efficient and green material in the process of construction. The manufacturers of silicone are carefully complying with the regulations and norms drawn by the public authorities from the U.S., Europe, and Asia to safeguard human health and the environment.

The focus on the usage of environment-friendly products that have less emission of greenhouse gases has popularized the use of silicones. The growing infrastructure activities in emerging countries will drive the silicones market size in the coming days. Silicones are widely preferred in place of plastic, as they are more ocean-friendly and highly durable. They are also considered eco-friendly as they do not pose toxic problems for aquatic and soil organisms. Silicone is also odor-free and stain-resistant, making it hygienic and hypoallergenic. Apart from the driving factors, the market is also anticipated to experience external barriers. Silicones are mainly used as adhesives, sealants, and coatings in these sectors. In addition, silicone rubbers are widely used as sculptor materials to make accurate reproductions of original sculpture. Silicone-based products also contribute toward energy savings and greenhouse-gas emission reduction, which increases its popularity in the end-user market. The rising cost of key raw materials, methyl chloride & silicon metal hinders the market growth. Emerging economies in Asia-Pacific region, such as India, Indonesia, and Thailand, offer various opportunities for the growth of the silicones industry owing to the rapidly growing end-user industries in these countries. The silicones market forecast for the next few years appears promising in different regions globally.

Segment Review:

The global silicones industry is segmented on the basis of type, end user, and geography. Based on different types, the market is classified into categories including elastomers, fluids, resins, and gels. Silicones find applications in various industries, such as building & construction, transportation, electronics, medical, textile & leather, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

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.

Asia-Pacific and Europe collectively contributed about two-thirds to the silicones market revenue in 2015. In the year 2015, Asia-Pacific dominated the silicones market due to its high consumption in building & construction and vehicle production. The prominent players profiled in this report include 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.), and ICM Products Inc. (U.S.).

Flat 20% Discount on All License Type.. https://www.alliedmarketresearch.com/checkout/226127
*Offer Valid Till 20th April 2019

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Silicones Market is expanding at $20,784 Million by 2022 | Asia-Pacific is showing high growth rates during forecast period here

News-ID: 1690965 • Views: 257

More Releases from Allied Market Research

North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently

All 5 Releases


More Releases for Silicone

Silicone Additives Market 2018 - 2026
ResearchMoz presents Professional and In-depth Study of "Silicone Additives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' Silicone additives are highly effective due to the combination of properties exhibited by silicone such as backbone flexibility, low intermolecular interactions, low surface tension, and thermal stability. Silicone
Silicone Coatings Market
Global Silicone Coatings Market: Overview Silicones are commonly used by the coating industry to improve its protective and preservative attributes. Resins as binders or polymers as additives are two types of silicone products used to produce silicone coatings, which are primarily used for paint and coatings to enhance aging of the paint and wettability for easier application. With silicone coatings, manufacturers in the industries of automotive and construction achieve desirable scratch,
Global Silicone Sealants Market 2018-2022
Silicone sealants are chemical products that are mainly used to fill joints or gaps to provide a barrier between many types of materials flowing within the structures. Publisher's analysts forecast the global silicone sealants market to grow at a CAGR of 5.57% during the period 2018-2022. Covered in this Report The report covers the present scenario and the growth prospects of the global silicone sealants market for 2018-2022. To calculate the market
Silicone Coatings Market : Global Forecast over 2024
Silicones are commonly used by the coating industry to improve its protective and preservative attributes. Resins as binders or polymers as additives are two types of silicone products used to produce silicone coatings, which are primarily used for paint and coatings to enhance aging of the paint and wettability for easier application. With silicone coatings, manufacturers in the industries of automotive and construction achieve desirable scratch, water, and chemical resistance
Silicone Elastomers Market
Silicone elastomers are in general referred as silicone-based polymers that are vulcanized. Silicone elastomers are majorly available in different forms, such as closed cell sponges, solids, thermally conductive and open cell foams. Silicone elastomers with their unique ability to retain mechanical properties over a wide temperature range make them suitable in several industrial sectors like construction, mould making in furniture, automotive applications and electronics division. The market for silicone elastomers
Silicone Defoamer Market, Technologies and Players 2024
The India market for silicone defoamer is dominated by multinational players, such as Momentive Performance Material Inc., Dow Corning Corp., BASF SE, Clariant International AG, Evonik Industries AG, Wacker Chemi AG, and Bluestar Silicones International, states a new report by Transparency Market Research (TMR). Browse Market Research Report: http://www.transparencymarketresearch.com/silicone-defoamer-market.html With only a few domestic participants operating in this market, international players are actively involving in mergers and acquisitions. The implementation of strict