Global Silicones Market Report by Type (Elastomers, Fluids, Gels, Resins), by Application (Industrial Processes, Construction Materials, Home and Personal Care, Transportation, Energy, Healthcare, Electronics & Others), Key Players and Region – Industry Outlook to 2026.
Silicones, or polysiloxanes, are polymeric, synthetic materials that are formulated from siloxanes. They are odorless, water repellent, resistant to chemical attack, and have high oxidation and temperature stability. Owing to these properties, they are widely used in lubricant oils, greases and biomedical implants. As silicones help fabrics retain their shape and texture, as well as provide resistance to abrasion, they are also being used to design sportswear that is lightweight, durable, water repellent and high performing.
Some of the major players operating in the industry include
- Wacker Chemie AG (WKCMF),
- Shin-Etsu Chemical Co., Ltd.,
- Momentive and ELKEM ASA (ELK.OL).
Global Silicones Market Trends:
Over the years, there has been an increase in the usage of silicones for the production of sealants, thermal and electrical insulation, and adhesives owing to their rubber-like quality and heat-resistant nature. Besides this, silicone polymers are non-greasy, do not cause skin irritation and have low surface tension, smooth feel, and anti-foaming properties. As a result, they are incorporated in personal care products and cosmetics, such as sun care products, antiperspirants, creams and conditioners. As compared to their petrochemical-based counterparts, products manufactured using silicones generate less carbon dioxide, along with other greenhouse gases. This has, in turn, augmented their demand from numerous end use industries, such as electronics, paints, construction and food. Some of the factors that have positively influenced the growth of the market include increasing infrastructure development, along with the expansion of production facilities in emerging markets.
Request to get sample of this report: https://www.imarcgroup.com/silicones-market/requestsample
Key Insights from the Report:
- Based on the type, the market has been segmented as elastomers, fluids, gels and resins. At present, elastomers represent the most popular segment, holding the largest market share.
- On the basis of the application, the market has been categorized as industrial processes, construction materials, home and personal care, transportation, energy, healthcare, electronics and others. Amongst these, silicones are mostly used in industrial processes.
- Region-wise, Asia Pacific holds the leading position in the market. Other major regions are North America, Europe, Middle East and Africa, and Latin America.
Browse full report with detailed TOC and list of figures and tables: https://bit.ly/3PNSLZY
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St
Sheridan, WY 82801
Follow us on twitter: @imarcglobal
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.