COVID-19 Impact on Silicone Market Size and Growth Forecast till 2026; Top Players Covered - BASF.SA, The Dow Chemical Company, Wacker Chemie AG, Evonik Industries, Gelest, Inc., Innospec, Elkem, Siltech Corporation and others

The Global Silicone Market is set to experience a period of robust growth owing to steadily increasing world population. Fortune Business Insights shares this information in its new report, titled “Silicone Market Size, Share & Industry Analysis, By Product (Elastomers, Fluids, Resins, Gels), By End-Use (Automotive, Aerospace, Medical, Personal Care, Construction, Cookware, Electronics, Others)and Regional Forecast, 2019-2026”. Additionally, the report provides:
• Meticulous research into the market drivers, trends, factors, and restraints;
• Detailed assessment of the market segments;
• 360-degree analysis of overall industry outlook;
• Projections of future prospects of the market; and
• In-depth evaluation of the regional and competitive dynamics characterizing the market.

Gain More Insights into the Silicone Market Research Report
https://www.fortunebusinessinsights.com/silicone-market-102926

Market Drivers and Trends:

• Growing world population – According to the UN Department of Economic and Social Affairs (DESA), global population is expected to reach 8.6 billion by 2030 and 9.8 billion by 2050. As a result, demand for food is likely to spike in the next decade, boding well for the Silicone Market growth.
• Increasing need to narrow food security gaps – Numbers released by the World Bank reveal that around 151 million children below the age of 5 are suffering from chronic malnutrition. Moreover, close to 2 billion people worldwide are deficient in essential micronutrients to be productive and ward off diseases. This would necessitate elevating agricultural productivity, which will be one the key Silicone Market trends.
• Development of revolutionary technologies – The agriculture sector is undergoing rapid transformations on account of introduction of next-generation technologies. For example, governments and academic institutions are increasingly investing in developing genome editing tools such as CRISPR to build higher pest resistance in crops and increase their capacity to create food. Other advanced technologies such as blockchain, AI, and IoT are also enhancing the Silicone Market potential in the forthcoming years.

Major Segments includes:
• By product, the market is segmented into elastomers, fluids, resins, and gels. Based on end use, the silicone market is segmented into automotive, aerospace, medical, personal care, construction, cookware, electronics and others.

• From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Competitive Landscape:

Major players are adopting different strategies, such as mergers & acquisitions, new product launches, and strategic collaborations, to gain a competitive edge in the market.

Some of the key players covered in the Silicone Market report include

• Tenax Corporation
• BASF.SA
• The Dow Chemical Company
• Wacker Chemie AG
• Evonik Industries
• Gelest, Inc.
• Innospec
• Elkem
• Siltech Corporatio
• and others...

Regional Dynamics:

This market has been segmented into different regions such as Noxrth America, Europe, and Asia-Pacific. Among these, is anticipated to dominate the Silicone Market share during the forecast period

Major Table of Content for Silicone Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Silicone Market Analysis, Insights and Forecast, 2014-2026
6. North America Silicone Market Analysis, Insights and Forecast, 2014-2026
7. Europe Silicone Market Analysis, Insights and Forecast, 2014-2026
8. Asia Pacific Silicone Market Analysis, Insights and Forecast, 2014-2026
9. Middle East and Africa Silicone Market Analysis, Insights and Forecast, 2014-2026
10. Latin America Silicone Market Analysis, Insights and Forecast, 2014-2026
11. Competitive Landscape
1. Company Profile
2. Conclusion

Have Any Query? Ask Our Experts
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/silicone-market-102926

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This release was published on openPR.