Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Silicone Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Market. The research
study also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and world Silicone Market over the short
as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of international Silicone Market is offered.
Market
Insights:
In accordance with the report, the Silicone Market is
projected to expand at a CAGR of X.X% over the period
of forecast. The global Silicone Market
was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. Silicone
demand has increased as a result of increased awareness of health and
cleanliness in the healthcare, personal care, and consumer products sectors.
Silicone's efficient and long-lasting qualities, as well as increased demand
for silicones in Asia-emerging Pacific's clusters along with Africa and Middle
East area, are among the primary factors boosting the silicone market demand. Furthermore,
the growing renewable energy sector and rapid use of electric vehicles are
providing significant growth potential for the silicone industry in Asia-Pacific.
Silicone is utilised in solar panels as well as electric vehicle components. The
development of antimicrobial silicone elastomers for the healthcare industry
and increased demand in the transportation industry will provide new
opportunities for the silicone market in coming years. The increasing demand
for silicone from major end-use sectors, as well as the burgeoning presence of
important silicone manufacturers trying to expand their foothold in the region,
are driving this rise. In several medical device applications, such as wound
drains and catheters, microbial proliferation can impair the final products,
causing bad odours, discoloration, and the formation of fungus. The growth of
germs in or on the human body is controlled by antimicrobial silicone elastomer.
As a result, the development of these elastomers is projected to present the
market with new growth prospects.
Research
Methodology:
To compile
the detailed study of the global Silicone market, a robust research methodology
has been adopted that aids in determining the key insights and also evaluates
the growth prospects of the Silicone Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Silicone
Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Silicone market
was affected negatively due to the shutdown of manufacturing/processing
facilities for some time. The analysts have also focused on the key measures
that the companies are opting to withstand the harsh scenario.
Segment
Covered:
Silicone Market report has been
segmented By Product Type, By Application Type and geography also includes the
market size and forecast for all these segments. Compounded annual growth rates
for all segments have also been provided for 2022 to 2031. This report is a
compilation of first-hand information, qualitative and quantitative assessment
by industry analysts, inputs from industry experts and industry participants
across the value chain.
Key Segments:
Silicone Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Silicone Market, By
Product type, 2022-2031 (USD Million)
·
Elastomers
·
Fluids
·
Gels
·
Resins
·
Others
Silicone Market, By
Application Type, 2022-2031 (USD Million)
·
Automotive
& transportation
·
Building
& construction
·
Chemicals
·
Electrical
& electronics
·
Medical &
personal care
·
Paper
·
Plastics
·
Textile
·
Others
Report
Highlights:
The prime objective of the Silicone market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Silicone Market,
By Region, 2022-2031 (USD Million)
·
North America ( United
States, Canada, Mexico)
·
Europe (Germany, UK,
France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia ( India,
Pakistan and Bangladesh)
·
East Asia (China,
Japan and South Korea)
·
South East Asia (Indonesia,
Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East (Turkey,
Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa (Nigeria,
South Africa, Egypt, Algeria, Rest of Africa)
·
South America (Brazil,
Argentina, Colombia, Chile, and Rest of SA)
·
Oceania (Australia
and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Silicone market:
·
BASF SE
·
Bluestar
Silicones
·
Emerald
Performance Materials LLC
·
Jiangsu
Hongda New Material Co. Ltd.
·
Kaneka Corporation
·
Momentive
Performance Materials Inc.
·
Nusil
Technology
·
Rogers
Corporation
·
Shin-Etsu
Chemical Company
·
Specialty
Silicone Products Inc
·
The DOW
Corning Corporation
·
Wacker Chemie
AG
·
Zhejiang
Xinan Chemical Industry Group Co. Ltd
·
Others
Silicone
Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.