Global Silicone Market Analysis & Forecast Report 2016-2025: Market Size is Expected to Reach USD 18.73 Billion
DUBLIN, Nov. 5, 2018 /PRNewswire/ --
The "Silicone Market Analysis Report By Product (Fluids, Gels, Resins, Elastomers), By Application (Electricals & Electronics, Transportation, Construction, Textiles, Pharmaceuticals), And Segment Forecasts, 2018 - 2024" report has been added to ResearchAndMarkets.com's offering.
The global silicone market size is expected to reach USD 18.73 billion by 2025, expanding at a CAGR of 4.6% during the forecast period
Increasing use of the product for several applications such as flame resistant, airtight gasket, and water proofing in the construction sector is one of the prominent factors stimulating market growth.
The electrical & electronics segment is expected to show significant growth over the forecast period. The product finds its application as sealants, adhesives, and in coatings of cables and wires. In addition, enhanced durability along with ability to improve performance of the device under extreme conditions including zero-gravity and low pressure areas is anticipated to further augment the overall market.
Ample availability of raw materials including polymers and metals coupled with technological expertise has resulted in emergence of developing economies as sights of high growth rates. Other factors including low labor cost and high internal demand are resulting in lowering of cost of the product. High consumer acceptance towards new conceptual electronic products including miniaturization and lightweight is resulting in heightened demand for silicone over the forecast period.
Technological advancements are resulting in development of products that contain a blend of silicone with thermoplastics to enhance protection against scratches. Not only these innovative products lead to lowering friction, which results in smoother transmission of fluids, but also it leads to improved performance of the vehicles.
Further key findings from the report suggest:
- The elastomers segment is anticipated to reach 1484.3 kilo tons by 2024, at a CAGR of 4.5% from 2016 to 2024
- In terms of revenue, the gels segment is projected to rise at a CAGR of 4.6% over the forecast period
- The construction application dominated the global silicone market with a share of over 34.0% in 2015
- The U.S. silicone market is anticipated to exceed 600 kilo tons by 2024
- North America is projected to witness a CAGR of 4.1% over the forecast period, owing to significant demand for elastomers in the U.S. and Canada
- Asian countries, especially China and Japan, are expected to observe a remarkable CAGR over the coming years
- The market is fragmented and competitive in nature, with presence of global multinational players
- Some of the key companies present in the market are Hutchinson, Kemira Oyj, Evonik Industries AG, CSL Silicones Incorporated, Cow Corning Corp., RUSNANO, Shin-Etsu, Silchem, Inc., Silteq Ltd., Wacker Chemie GmbH, and Quantum Silicones
Key Topics Covered:
Chapter 1 Methodology And Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Summary
Chapter 4 Market Variables, Trends & Scope
4.1 Market segmentation & scope
4.2 Penetration & growth prospect mapping
4.3 Value chain analysis
4.4 Regulatory Framework
4.5 Silicone market dynamics
4.5.1 Market Driver Analysis
4.5.1.1 Growth in electronics sector
4.5.1.2 Upscaling requirement of lightweight automotive materials
4.5.1.3 Superior properties of elastomers
4.5.2 Market restraint analysis
4.5.2.1 High production costs
4.6 Silcone market Porter's analysis
4.7 Silicone - PESTEL Analysis
4.8 Price trend analysis, 2013 - 2024
4.8.1 Global
4.8.2 North America
4.8.2.1 U.S.
4.8.3 Europe
4.8.3.1 Germany
4.8.3.2 UK
4.8.3.3 France
4.8.3.4 Russia
4.8.4 Asia Pacific
4.8.4.1 China
4.8.4.2 Japan
4.8.4.3 India
4.8.5 Latin America
4.8.5.1 Brazil
4.8.6 Middle East & Africa (MEA)
4.9 Raw material prices
4.9.1 North America
4.9.1.1 U.S.
4.9.2 Europe
4.9.2.1 Germany
4.9.2.1 France
4.9.2.2 UK
4.9.2.3 Russia
4.9.3 Asia Pacific
4.9.3.1 China
4.9.3.2 India
4.9.3.3 Japan
4.9.4 Latin America
4.9.4.1 Brazil
4.9.5 MEA
4.10 Raw material analysis, 2013 - 2024
4.10.1 Methanol
Chapter 5 Market Categorization 1: Product Estimates & Trend Analysis
5.1 Product Movement Analysis & Market Share, 2015 & 2024
5.2 Fluids
5.2.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.2.3 Straight silicone fluids
5.2.4 Modified silicone fluids
5.3 Gels
5.4 Resins
5.5 Elastomers
5.5.1 Market estimates and forecasts, 2013 - 2024 (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecasts, by region, 2013 - 2024 (Kilo Tons) (USD Million)
5.5.3 High Temperature Vulcanized (HTV)
5.5.4 Room temperature vulcanized (RTV)
5.5.5 Liquid silicone rubber (LSR)
5.6 Others
Chapter 6 Market Categorization 2: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share, 2015 & 2024
6.2 Electrical & Electronics
6.3 Transportation
6.4 Construction
6.5 Personal Care & Pharmaceuticals
6.6 Textiles
6.7 Others
Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis, by Product & Application
7.1 Regional Movement Analysis & Market Share, 2015 & 2024
Chapter 8 Competitive Landscape
8.1 Company Market Share Analysis
8.2 Vendor Landscape
8.3 Competitive Environment
8.4 Company Market Positioning
8.5 Strategy Framework
Chapter 9 Company Profiles
- Shin-Etsu
- Silchem, Inc.
- Silteq Limited
- Wacker-Chemie GmbH
- ICM Products, Inc.
- Specialty Silicone Products Incorporated
- Penta (ITW Performance Polymers & Fluids)
- Evonik Industries AG
- SILTEQ (GB Silicone Technology)
- Hutchinson
- Kemira Oyj
- Quantum Silicones
- RUSNANO
- Allergan
- Ashland Incorporated
- Dow Corning Corporation
- CRI-SIL Silicone Technologies, LLC
- CSL Silicones Incorporated
For more information about this report visit https://www.researchandmarkets.com/research/4dc8pw/global_silicone?w=5
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