Press release
Silicone Resins market Is Projected To Rise At a Cagr Of 5.5% During 2026 | Wacker Chemie AG,The Dow Chemical Company
Silicone Resins market
Among end-use industry, paint and coating segment held a significant market share in the global silicone resins market in 2017, owing to increasing demand for Silicone resins in coating industry. Physical properties of silicon resin such as heat resistance, flexibility, anti-corrosion, and electrical insulation propel demand for silicon resins in the paint and coating industry.
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Market Taxonomy
On the basis of product type the global silicone resins market is segmented into:
Pure Silicone
Polyester Resin
Methyl-Silicone
Methyl/Phenyl-Silicone
Alkyd Resins
Epoxy Resins
Others (Polyacrylate Resins and Waterborne Silicone)
On the basis of end-use industry, the global silicone resins market is segmented into:
Building & Construction
Chemical
Paints and Coating
Personal Care
Electrical and Electronics
Automotive
Others (Healthcare, etc.)
North America held a significant position in the global silicone resins market in 2017 and this trend is expected to continue over the forecast period due to demand of silicon resin from end-use industry. In North America, demand for Silicone resins increased owing to benefits offered by silicone resins include heat resistance, thermal stability, increased weathering, electrical insulation binder driving the Silicone resins market in North America.
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Furthermore, leading companies are concentrating on capacity growth in order to expand their business in the worldwide Silicone resins market. For example, The Dow Chemical Company announced the construction of a new silicon resin factory in September 2018 to expand its global capacity and accommodate the growing demand for silicone in end-use industries around the world.
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