Specialty Silicones Market growing at a CAGR of 8.32% during the period (2017 - 2022)

Reports And Markets Publish a New Market Research Report On –"Specialty Silicones Market - Segmented by Product Type, Application, and Geography - Trends and Forecasts (2017 - 2022)"

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The Global Specialty Silicones Market has been estimated at XX.XX million tons in 2015 and is projected to reach XX.XX million tons by 2020, at a CAGR of XX.XX% during the forecast period. Silicones are polymers, which include inert and synthetic compounds that are made from repeating units of siloxane. Silicones are versatile products, and aids in enhancing the product performance, longevity, and make them more effective. Specialty Silicones are famous for their durability features.

Silicones, owing to their thermal stability, low chemical reactivity, low toxicity, and heat and water resistance properties, are becoming an integral part from numerous industrial and commercial applications. In the Global Specialty Silicones market report, we have taken the following major end-user sectors into consideration: Textile, Healthcare, Electronics, Fertilizer, Construction, Beauty and Personal Care, Chemical Manufacturing (Resins and coatings), Automotive, Agriculture, Food Processing Industries, Energy, and Others.

This market is driven by a number of factors, such as wide range of applications, new product developments to gain competitive edge in the market, and excellent chemical properties. However, this market faces certain drawbacks, such as high manufacturing costs, stringent regulatory issues in the personal care and cosmetics products industry. These factors may act as a roadblock to the growth of the market.

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The global Specialty Silicones market, on the basis of product type, can be broadly segmented into Antifoam/Defoaming agents, Silicone Elastomers, Mould Release, forming, casting and curing, Silicone Greases, Silicone Surfactants, Silicone Polish/Shinning Agent, Silicone Textile Softeners, Silicone Water Repellants, Silicone Rubber, Thin Silicone Membranes, Custome Silicone Compounds,. The silicone elastomers segment accounted for the highest share in the global Specialty Silicones market in 2015. The segment is expected to reach about USD 12.89 billion by 2020, growing at a CAGR of 8.32% during the period (2017 - 2022).

The market has been geographically segmented into Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. In terms of consumption in 2015, APAC led the market with a share of XX.XX%. The improvement in the financial status of the consumers and the rise in their purchasing power, is increasing the demand for automobiles and buildings and need for infrastructural development in the Asia-Pacific region, in turn making the region an area of immense potential and opportunities.

Furthermore, the increasing demand from the end-user industries such as construction, textile, and appliances will offer numerous opportunities in the growth of the Global Specialty Silicones Market. Some of the major companies dominating this market for its products, services, and continuous product developments are Evonik Industries, Dow Corning Corp., Siltech, Momentive Performance Materials Inc., AB Specialty Silicones, and KCC Basildon.

Key Deliverables in the Study

Market analysis for the Global Specialty Silicones Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Specialty Silicones market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped


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