Asia-Pacific has the largest market share in the global silicones market. The region is a major manufacturing as well as exporting hub for electrical and electronics products in which silicones find extensive use. Asia-Pacific along with the Latin America contributed to the 5% growth of the global silicones market between 2016 and 2017 due to an increased demand for silicone fluids, elastomers and resins in the home and personal care sector, and the automotive industries in the regions.
Due to their molecular structure with a backbone of silicon-oxygen, silicones have the ability to take a variety of physical forms ranging from liquids, solids, semi-viscous pastes, and oils. The versatility of their forms drives their growing demand in the home and personal sector, especially in its D5, emulsion and anti-foam types. The home and personal care sector currently contributes to one-fifth of the global silicones demand. The automotive sector is also one of the emerging sectors where silicones are finding their increasing application, being used to manufacture car components such as airbags, windscreens, ignition coils, gaskets, radiator and engine seals, and turbocharge hosing, among others.
There was an increase in the prices of silicone raw materials in early 2017 which consequently led to a hike in silicone prices, reaching their highest in Q1- 2017. This hike in prices led to key players in the global silicones industry like Wacker Chemie AG, Elkem Silicones, Shin-Etsu Chemical Co., and Momentive Performance Materials Inc. to increase their product costs by 10-30% between late 2017 and early 2018. However, these changes did not prove detrimental to the companies as they continued their expansions with Shin-Etsu Silicones introducing advanced eight-carbon silane coupling agents in the June of 2018 and Wacker Chemie AG awarding a U.K. company, Intertronics a distribution contract covering U.K. and Ireland for silicone products. The silicone prices eventually decreased in the latter half of 2018 due to the softening of raw material prices and the relaxation of China’s environmental policies.
Market Analysis by Type, Application and Regions:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/silicone-market-report
Key Findings of the Report:
Key offerings of the report:
According to the EMR report, Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co. Ltd., Ferroglobe PLC, Momentive Performance Materials Inc. and Evonik Industries AG are the key players in the global silicones market. The report provides an in-depth look into the latest developments among these major players including plant turnovers, expansions in capacity, and mergers and acquisitions.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
"Global Silicones Market: By Type: Elastomers, Fluids, Gels, Resins; By Application: Industrial Process, Construction Materials, Home and Personal Care, Transportation, Energy, Healthcare, Electronics, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Price Analysis; Trade Analysis; Feedstock Market; SWOT Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape & Supplier Analysis; Events and Developments; Manufacturing Process; Production Cost Analysis"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global sustained release coatings market stood at a value of nearly USD 475 million in 2019. The industry is projected to grow at a CAGR of 6.4% over the forecast period of 2020-2025 to attain USD...
The global oleoresin market attained a value of USD 1.3 billion in 2019. The oleoresin market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 5% to reach USD 1.7 billion b...
The global silicon on insulator (SOI) market attained a value of USD 1.02 billion in 2019. The market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 19.8% to reach USD 2....
The global dimethicone market reached a volume of almost 247.2 kilo metric tons in 2019. The industry is further expected to grow at a CAGR of 3% between 2020 and 2025 to reach a volume of nearly 295....
The global oleochemicals market is being aided by the growth of fatty alcohol and fatty acids markets. The fatty alcohols industry attained a production volume of 3.6 million metric tons in 2019. The ...
Buy Full Version
"Silicones Market" Purchase Enquiry