Press release
Silicone Market will rise due to increasing demand from the construction and automotive industries | Shin-Etsu Chemical Co., Ltd.,Wacker Chemie AG,Evonik Industries AG,Elkay Chemicals Pvt. Ltd.
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Silicone is a synthetic polymer made up of silicon, oxygen, and other elements. It is found in a variety of products, including cookware, sealants, and lubricants. Silicone has many benefits, including its resistance to heat, water, and chemicals. It is also non-stick, meaning that it does not easily adhere to other surfaces.
Key Trends
Some key trends in silicone technology include the development of new types of silicone, the use of silicone in new applications, and the continued miniaturization of silicone products.
The use of silicone in new applications is also a key trend. One example is the use of silicone in medical devices. Silicone is often used in medical devices because it is biocompatible and does not trigger an immune response. Silicone is also used in electrical applications, where it can act as an insulator.
The miniaturization of silicone products is another key trend. This is being driven by the need for smaller, more portable devices. Silicone can be used to create very small products, such as micro-electronic components.
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Key Drivers
The key drivers of the silicone market are the increasing demand from the construction and automotive industries, and the growing demand for personal care and consumer products. Silicones are used in a wide range of applications, including construction, automotive, personal care, and consumer products. The construction industry is a major consumer of silicones, as they are used in sealants, adhesives, and coatings. The automotive industry is another major consumer of silicones, as they are used in engine seals, gaskets, and hoses. The personal care industry is a major consumer of silicones, as they are used in hair care, skin care, and makeup products. The consumer products industry is a major consumer of silicones, as they are used in a wide range of products, including cookware, bakeware, and electrical insulation.
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Market Segments
By Type
Elastomers
Fluids
Resins
Gels
Others
By End-user
Building & Construction
Transportation
Personal Care & Consumer Goods
Energy
Electricals & Electronics
Paper
Textile
Others
Key Players
Shin-Etsu Chemical Co., Ltd.
Wacker Chemie AG
Evonik Industries AG
Elkay Chemicals Pvt. Ltd.
Supreme Silicones
Dow Inc.
KCC Corporation
Elkem ASA
Silchem Inc.
Specialty Silicone Products, Inc.
Dow Corning
Bluestar Silicones
Tosoh Corporation
Ferro Corporation
BASF SE
3M
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