Global Silicone Market Share, Size, Price Trends And Forecast 2018-2023

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     Global Silicones Market Growth Facilitated
by Thriving Demand for Elastomers

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Report Description and Highlights
Report Description
 Global Silicones Market Growth Facilitated by
Thriving Demand for Elastomers The global
silicones market has witnessed a positive growth
on account of a significant shift in the
preferences of consumers towards the use of
eco-friendly products along with increasing
applications of silicones across the electronics,
paints, construction and food industries. Silicon
es, or polydialkylsiloxanes, belong to a modern
class of synthetic materials which are made by
reacting silicon first with methyl chloride and
then with water. They are odourless, have a
rubber-like texture and are available in
different forms. Some of the characteristics of
silicones include flexibility, stability,
permeability to gases, low glass transition
temperature, as well as a high resistance to
moisture, chemicals, heat, cold and ultraviolet
radiation. A new research report by IMARC Group,
titled Silicones Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2018-2023, estimates that the global silicones
market reached a volume of around 2.05 Million
Metric Tons in 2017. The report further
anticipates the market to reach a volume of 3
Million Metric Tons by 2023, at a projected CAGR
of more than 5 over the forecast period.
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Report Description and Highlights
Report Description

• Global Silicones Market Drivers/Constraints
• 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.  This has created new opportunities for
  the growth of the silicones market.
• As compared to petrochemicals, products
  manufactured using silicones generate less carbon
  dioxide as well as other greenhouse gas
  emissions. This has, in turn, contributed towards
  an augmented demand for silicones in numerous
  end-use industries such as electronics, paints,
  construction and food.
• Some of the factors which have been positively
  influencing the growth of the market include an
  increase in infrastructure development along with
  the expansion of production facilities in
  emerging nations.
• There has been a continuous rise in the prices of
  key raw materials used for the production of
  silicones including methyl chloride and silicon
  metal. This acts as a major hindrance which is
  impeding the growth of the global silicones
  market.
• Read more here https//www.imarcgroup.com/silicon
  es-market

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Report Description and Highlights
Report Description
Type Insights On the basis of type, the market
has been segmented into elastomers, fluids, gels
and resins. Amongst these, elastomers represent
the largest segment owing to their increasing
usage in the construction, automotive and
transportation industries.   Application
Insights Based on application, the market has
been segregated into industrial processes,
construction, home and personal care,
transportation, and energy. Currently silicones
are being mostly used in industrial processes as
they offer enhanced resistance and durability in
industrial coatings, and also improve the
performance of lubricants. Request Sample Of The
Report https//www.imarcgroup.com/request?typere
portid878flagB
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Report Description and Highlights
Regional Insights On a geographical front,
Asia-Pacific currently accounts for the majority
of the global share of the silicones market. This
can be attributed to strong growth in the major
end-use industries such as personal care and
consumer products, medical and healthcare,
energy, etc. Asia-Pacific is followed by Europe,
North America, Latin America, and Middle East and
Africa. Competitive Landscape The silicones
market is concentrated in nature with only a
small number of manufacturers sharing majority of
the total market share. Some of the leading
players operating in the market
are DOW WACKER ShinEtsu Momentive Elkem Browse
more related reports  Salicylic Acid Market 
https//www.imarcgroup.com/salicylic-acid-market
 Xylitol Market https//www.imarcgroup.com/xyli
tol-market
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Report Description and Highlights
Report Description

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