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Silicone Market Diversification Strategies: Expanding into New Markets and Industries
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The rising demand for silicone is driven by its usage in numerous industries. In the automobile industry, there is a growing demand for lightweight materials, which fuels the growth of silicone. Significant investments are being made in research and development to expand the usage of silicone in producing new materials and widen its application across various end-user industries.
Major market players in the silicone industry include Wacker Chemie AG, KCC Corporation, Shin-Etsu Chemical Co., Ltd, Gelest Inc, Evonik Industries AG, The Dow Chemical Company, Kaneka Corporation, Arkema Group, Ferroglobe PLC, and Quantum Silicone.
The objective of the study is to define market sizes of different segments and countries in recent years and forecast their values for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry, including driving factors, challenges, opportunities, competitive landscape, and product offerings of key players.
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The market is segmented based on type (elastomers, fluids, resins, gels, and others) and end-user (industrial process, building & construction, transportation, personal care & consumer products, medical & healthcare, paper, textile, electronics, energy, and others).
Geographically, the market is segmented into North America (including the U.S., Canada, and Mexico), Europe (including the UK, Germany, France, Spain, Italy, Russia, and the rest of Europe), Asia Pacific (including China, India, Japan, Australia, South Korea, and the rest of Asia), South America (including Brazil, Argentina, and the rest of South America), and the Middle East & Africa (including the UAE, Saudi Arabia, South Africa, and the rest of MEA).
The target audience for the global silicone market includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.
The years considered for the study are as follows: historical years - 2017 and 2020, base year - 2021, and forecast period - 2022 to 2030.
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