Specialty Silicone Market analysis research and trends report for 2018 - 2025

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Specialty Silicone Market Outlook To 2025
Emerging Trends, New Growth Opportunities,
Regional Analysis
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Global Market Scenario of Specialty Silicone
Industry

• Progress in the global construction industry will
  augment the Specialty Silicone Market during the
  forecast period. The global construction industry
  reached an output of USD 8.8 trillion in 2016 and
  is likely to rise in future. The pace of
  development in the global construction industry
  was at 2.4 in 2016. This will drive product
  demand to be used as a construction material in
  coming years.
• Global Specialty Silicone Market size will
  portray an upward trend in its growth trajectory
  in the upcoming years due to the advancements in
  construction industry. The product is used in
  various industries mainly due to its unique
  characteristics such as less toxicity, UV
  radiation resilience, defensive glazing
  application, waterproofing, heat resistance and
  others which upgrades the performance of the
  products and make them more economically viable,
  flexible and efficient.
• Rising investments in the defense and aerospace
  sector, especially in the emerging countries
  would result in escalating the demand for
  products like military aircraft, defense
  electronics, medical devices, etc. For example,
  the budget for Indian defense sector accounted
  for USD 62.8 billion in 2018-19 while Chinas
  defense budget amounted USD 175 billion which has
  increased by 8.1.
• Other countries such as Japan, Vietnam, Thailand,
  and South Korea are also increasing their defense
  spending in the recent years owing to
  instabilities in disputed regions such as the
  South China sea. Such developments are likely to
  boost product demand to be used in the defense
  equipment manufacturing in coming years. Other
  industries like automotive, health care,
  electronics, etc. where the product is used are
  also growing significantly and will propel the
  product market growth in the forecast period.

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• Product Analysis-
• Specialty silicones are finest products with
  multi-purpose application which makes it
  expensive. Specialty silicone elastomers major
  limitation is its chemical compatibility and are
  not suitable for certain applications. Moreover,
  specialty silicone used in skincare products are
  harmful for the skin. These issues could have a
  considerable effect on the specialty silicone
  market and could hamper the industry growth
  during the forecast period.
• The specialty silicone market has been segregated
  based on type, end-user and region. Antifoam/
  defoaming agents, greases, polish/shinning agent,
  water repellants, elastomers, surfactants,
  textile softeners, and thin membranes are the
  various types of products available in the
  market.
• Regional Trends-
• Asia Pacific held a substantial market share in
  2017 and is likely to be the fastest growing
  region. Urbanization, improving living standards
  of people, developing infrastructure and rising
  population in emerging nations of this region are
  the major reason driving the growth of specialty
  silicone market in Asia-Pacific. Also, the
  construction industries in these countries are
  booming which would add on to the rising product
  demand in this region.
• North America and Europe are key markets owing to
  a nearly mature automotive, defense, and
  construction sectors and is likely to hold
  substantial shares of the overall industry during
  the forecast period.

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Market Research Reports Key Analytical Components
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• Competitive Trends
• Some of the key market participants in the global
  specialty silicone market includes Siltech,
  Momentive Performance Materials, KCC Basildon,
  Evonik Industries, AB Specialty Silicones, Wynca
  Group, Trelleborg Sealing, Specialty Silicone
  Products Inc., NUSIL, Quantum Silicones LLC and
  Dow Corning Corp.
• Capacity expansions are a key strategy that
  market players use to strengthen their positions.
  For example, in September 2017, Evonik Industries
  AG completed its construction of the Shangai
  plant which would produce specialty silicones. AB
  Specialty Silicone also expanded the capacity of
  its plant and would make more developments in
  upcoming years in the Waukegan III plant.

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Latest Research Report On Specialty Silicone
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