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2023 Silicone Resins Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include Wacker Chemie AG, Dow Corning Limited, Shin-Etsu Chemical Corporate Limited, Evonik Tego Chemie GmbH, Bluestar Silicones Ltd
Silicone Resins Market
Silicone Resins Market Size, Growth Rate, And Forecast
The global silicon resins market size is expected to grow from $3.81 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 6.90%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The silicon resins market is expected to reach $4.98 billion in 2027 at a CAGR of 5.15%.
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Silicone Resins Market Drivers
An increase in the number of projects related to construction activities is expected to propel the silicon resins market. Due to the quick industrialization and urbanization, there has been an increase in construction activities. Construction materials like silicon resin are in high demand due to these construction activities. In architecture and construction, silicone resins hold important structural components in connections for expansion, building, connection, and movement.
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Silicone Resins Market Segments
• By Type: Methyl Silicone Resins, Methylphenyl Silicone Resins, Other Types
• By Function: Binding Agents, Impregnating Agents, Hydrophobic Agents, Release Agents, Modifiers
• By Application: Paints And Coatings, Adhesives And Sealants, Elastomers, Other Applications
• By End User: Automotive And Transportation, Building And Construction, Electrical And Electronics, Healthcare, Industrial, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Silicone Resins market.
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Silicone Resins Market Key Players
Major competitors in the Silicone Resins market include Wacker Chemie AG, Dow Corning Limited, Shin-Etsu Chemical Corporate Limited, Evonik Tego Chemie GmbH, Bluestar Silicones Ltd., Kaneka Corporation, PCC SE, Kanto Chemical Co, Inc., Primasil Silicones Limited, Alchemie Ltd
The Business Research Company's "Global Silicone Resins Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Silicone Resins Market Include:
1. Executive Summary
2. Silicone Resins Market Characteristics
3. Silicone Resins Market Trends And Strategies
4. Silicone Resins Market - Macro Economic Scenario
5. Silicone Resins Market Size And Growth
………
27. Silicone Resins Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Silicone Resins Market
29. Silicone Resins Market Future Outlook and Potential Analysis
30. Appendix
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