The global silicone market size reached USD 15.53 Billion in 2020 and is expected to register a revenue CAGR of 6.8%, during the forecast period, according to latest analysis by Emergen Research. Some of the key factors driving steady global silicone market revenue growth are increasing development of antimicrobial silicone elastomers and increasing use of silicone in various industries. Silicone's increasing use in fabrics, paper, leather wrapping, labels, and airbags is also expected to drive market growth during the forecast period. Silicone has been used as a solvent, adhesive, foaming agent, an anti-foaming agent in such applications.
Silicones are used in a range of processes in textile mills, such as the producing of yarns and the final product. Silicones provides yarn or fabric lubrication, foam control, and softening. Silicones are also used on the finished product as hydrophobic coatings. Because of high electrical and chemical resistance qualities, increasing usage of conducting silicone rubber in the anti-slip process for textile manufacturing is expected to have a significantly positive influence on revenue growth of the market over the forecast period. Increased government regulatory involvement across the value chain. This includes raw materials, production processes, and distribution of various grades of silicone products.
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However, raw material cost fluctuation and stringent regulations are expected to hamper growth of the global silicone market over the forecast period. The constant volatility of raw material costs is a major challenge in the global silicone industry. The significant rise in raw material prices, including methyl chloride and silicon metals, has a negative impact on silicone manufacturers' profit margins. As a result, the cost of silicone products rises, which is expected to restrain the market growth.
The Global Silicone Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Silicone Market studies the market scenario to offer growth projections for the Silicone Market industry for the forecast period of 2021-2028. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
Wacker Chemie AG, Momentive Performance Materials Inc., The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Evonik Industries AG, KCC Corporation, Silchem Inc., Specialty Silicone Products, Inc., and Elkay Chemicals Pvt. Ltd. are a few of the leading businesses mentioned in the market report.
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Emergen Research has segmented the global silicone on the basis of product, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
Liquid Silicone Rubber (LSR)
High-Temperature Vulcanized (HTV)
Room Temperature Vulcanized (RTV)
Straight Silicone Fluids
Modified Silicone Fluids
Application Outlook (Revenue, USD Billion; 2018–2028)
End-use Outlook (Revenue, USD Billion; 2018–2028)
Automotive & Transportation
Consumer Goods & Personal Care
The Global Silicone Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Silicone market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Silicone market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Silicone market size
2.2 Latest Silicone market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Silicone market key players
3.2 Global Silicone size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Silicone market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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