Global Speciality Silicones Market - Segmented by Product Type, Application, and Geography - Trends and Forecasts (2015 to 2020)
LONDON, Sept. 28, 2015 /PRNewswire/ -- Products made from Speciality Silicones are gaining an indefinite momentum in the industry. Although, the industry is very mature, the industry is still capable of coming up with innovative products with the export market growing. Most of the established companies are focusing on expanding production capacities and serving more clients and industries.
Most of the industries it caters to are Construction, Automotive, Beauty and personal care products, electronics, healthcare, household care, infrastructure, manufacturing, paints and ink, resins, paper, power and utilities, solar, textiles, aerospace, unmanned vehicles, military, agriculture, plastics.
The silicone elastomers market alone is forecasted to reach nearly $11 million by 2019 signifying a CAGR of over 8.3% between 2014 and 2019 with base year as 2013. They are used in dental, medical implants, aerospace and automotive applications. According to our survey, the fastest growing region is the Asia-Pacific with enormous opportunities and potential.
Some companies profiled in specialty silicones include Evonik, DOW corning corporation, KCC Basildon, Momentive Performance Materials Inc., AB Specialty Silicones.
The Asia-pacific region is expected to become the largest market for the specialty silicones market.
This report profiles the Speciality silicone industry by discussing the market size, growth and forecast region-wise -- Asia-Pacific, North America, Europe, South America, MEA. Major regions with the market volumes and revenues are given. The report also discusses the other segments- By Product Type such as defoaming agents, silicone elastomers, mould releases, etc. and by Application industry – such as textile, healthcare, construction, fertilizer, aerospace, military etc. The market share for these major industries are given in detail. The market dynamics of this industry gives an account of its scenario. The industry value chain analysis and Porter's 5 Force Analysis is also detailed. The competivitive landscape assesses the latest news in this industry listing out the recent joint ventures, collaborations, mergers and acquisitions, its impact and new product launches etc.
Drivers
The most important driving force of this market is the growing demand for its application base. To meet the requirement most factories have expansion plans. Another very important factor is research and development. The excellent manipulative properties of speciality silicones makes it affordable to come up with new products and specialized applications. For eg. Scooba the robotic floor cleaner from iRobot along with Speciality Silicone Fabricators added more capabilities for the existing product.
Restraints
The increasing manufacturing costs of speciality silicones is a deterrent for end-user industries. Stringent regulatory issues with respect to usage of silicones in beauty and personal care products and more are discussed in this section.
The report lastly lists the key company profiles and their recent strategies and developments. The report elucidates the current situation of Speciality Silicones around the world and studies its markets by product type which include silicone defoamers, silicone surfactants, silicone elastomers, customized silicone compounds and others and by application industry like construction, paints and ink, resins etc. Lastly, the report is divided by geography - North America, Europe, the Asia-Pacific, South America and Middle-East & Africa (MEA), where in the market share of each region is analyzed and estimates provided for the next 5 years.
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