Silicones Market Poised to Expand at a Robust Pace by 2027

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Silicones Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2026

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Silicones Market - Snapshot

• Silicones belong to the family of
  high-performance specialty materials. Silicones
  are polymers with large molecules consisting of
  several repeated sub-units.
• These polymers consist of siloxane, which is
  essentially a chain of alternating oxygen and
  silicon atoms combined with hydrogen and/or
  carbon.
• Several steps are involved in the production of
  silicones. First step involves the reaction
  between silicon and methyl chloride. The product
  of this reaction is then treated with water to
  remove chlorine atoms.

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Market Driven by Rise in Manufacture of Electric
and Electronic Products in Asia Pacific

• Several countries in Asia Pacific are leading
  manufacturers and exporters of electric and
  electronic products.
• Chinas share of the global export of Information
  and Communication Technology (ICT) goods stands
  at approximately 31. Electronic products account
  for more than 50 share of exports in the
  Philippines.
• Electric machinery and equipment rank among the
  top exports of Thailand.
• Malaysias manufacturing efforts are focused on
  the semiconductor ecosystem. Production of
  electronics and hardware is still at the nascent
  stage in India.

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Uncertainties Associated with Raw Material Supply
Adversely Affect Long-term Growth of Silicones
Market

• Supply and prices of raw materials of silicones
  depend upon several factors such as currency
  exchange rates, environment protection measures,
  and energy costs.
• China is an important manufacturer and provider
  of raw materials in the silicones market.
• However, often, market players based in the
  country are unable to meet the environment
  protection regulations. 

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Key players operating in the silicones market 

• Wacker Chemie AG
• DowDuPont
• Momentive Performance Materials Inc.
• Evonik Industries
• Shin-Etsu Chemical Co. Ltd.

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