Global silicone market is expected to witness a significant growth rate during the forecast period. The market for silicone is being driven by the efficient and sustainable properties of silicone.
Further, the rising demand for silicone from the construction industry as its usage in structural glazing and weatherproofing, while contributing to the energy efficiency of the buildings is likely to drive the global silicone market during the forecast period.
However, stringent regulatory policies and the fluctuating raw material prices of silicone are expected to hinder the growth of the market.
Asia-Pacific continues to hold dominance during the forecast period due to the fast-growing automotive industry and rising awareness among consumers against the harmful effects of plastic in the region.
Further, huge expenditure is incurred on infrastructure in developing nations, like China and India, which is driving the silicone market in the region. For instance, Asian multinational enterprises are building various power plants with target operational years between 2018 and 2020.
In terms of application, the construction sector is likely to drive the market as advanced architecture is the need of the modern construction era. Aesthetically appealing glass frontages and skyscrapers for building hotels, offices, etc. are filling the modern infrastructural setting.
Therefore, silicone is good in fulfilling this purpose by providing improve in-shop productivity, extend building life, reduce material waste, and reduce lifecycle costs. Silicone sealants safeguard materials employed in such complex designs to stay glued and manage tension and movement.
The global market for silicone was found to be consolidated with major players, including Wacker Chemie AG, Dow, Elkem Silicones, Momentive, Shin-Etsu Chemical Co. Ltd, and Evonik Industries AG, among others.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
5. Market Segmentation & Forecast
5.1 By Type
5.2 By Application
5.2.2 Energy and Electronics
5.2.5 Industrial Processes
5.2.6 Personal Care and Consumer Products
6. Regional Market Analysis
7. Key Company Profiles
7.1 CHT Group
7.3 Elkem Silicones
7.4 Emerald Performance Materials
7.5 Evonik Industries AG
7.6 Ferroglobe PLC
7.7 GELEST, INC.
7.8 Innospec Inc.
7.9 Jiangsu Mingzhu Silicone Rubber Material Co., Ltd
7.10 KCC CORPORATION
7.11 Kaneka Corporation
7.13 Shin-Etsu Chemical Co. Ltd
7.14 Wacker Chemie AG
For more information about this report visit https://www.researchandmarkets.com/r/4hsf49
View source version on businesswire.com: https://www.businesswire.com/news/home/20211018005637/en/
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