Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
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.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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.