Europe Silicones Market to Reach 846.11 KMT by 2032

Silicones are polymers made up of chains of alternating silicon and oxygen atoms. Due to the versatility of their forms which range from solids to liquids to a paste-like consistency, they find their application across numerous sectors. They are used as coating agents, water repellents, emulsions, sealants, and anti-foaming agents, among others. The Europe silicones market is driven by the rising demand for silicones from the automobiles and transportation sector.

Silicones as rubbers, resins, lubricants, coatings, elastomers and coatings add to the make-up of various automobiles components like airbags, tires, gaskets, hoses, seals, sensors, fuel tanks, etc. Automobile components made of silicones contribute to the reduction of the total vehicular weight and also reduce friction.  With EU seeking to cut over a third of car emissions by 2030, the silicone industry in the region will find a further impetus as reduction of overall vehicular weights also leads to a greater fuel efficiency. Moreover, the move by EU intends to encourage the manufacture and consumption of more electric vehicles, which will also boost the silicones market. Silicones provide cost-efficient components for e-vehicles for adhesion, insulation, sealing, and fire resistance.

Germany and France are the leading manufacturing hubs for the Europe silicones market. They not only export silicones to other European countries but also to other regions like Asia Pacific, Middle East and Latin America. Germany, with a thriving automotive sector, is adding to the growth of the silicones industry in the region due to the rising demand for silicones from the automotive sector.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis by Types, End-Use and Regions:

• Elastomers, fluids, gels and resins are the types of silicones analysed by the EMR report.

• Silicones find their major end-use in sectors like industrial process, construction materials, home and personal care, transportation, energy, healthcare, and electronics.

• Silicon metal, methanol, and hydrochloric acid are the major silicones feedstock available in the market. 

• UK, Germany and Netherlands are the major markets for silicones in Europe which have been analysed by the report.

Key Findings of the Report:

• Europe occupied over 30% of the global silicones market in 2017 and is one of the major regional markets for silicones globally.

• Growing demand for aesthetic implants from the healthcare sector in Europe is driving the silicones market.

• The rising renewable energy sectors like wind and solar energy is also adding impetus to the regional market growth.

• Transportation, personal care, and construction are the other leading application sectors for silicones in the region.

• Rising transportation and cosmetic sectors have led to the increased imports from the US of specialised silicones formulations.

Key Offerings of the Report:

• The EMR report examines the demand for silicones based on their types and end-use in both the global and Europe market.

• The report gives a detailed historical (2018-2023) and forecasted (2024-2032) demand and supply of silicone in the global market.

• It also looks into the demand and supply of D5 and emulsion silicones in the Europe market for the periods 2018-2023 and 2024-2032.

• It analyses the regional historical (2018-2023) and future (2024-2032) demand and price trends for silicones in Europe.

• The report provides a trade analysis of the major exporting and importing countries for silicones and their feedstock in the global market.

• The report by EMR also gives an in-depth examination of the demand and supply, as well as price trends of silicones feedstock.

Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd, Momentive Performance Materials Inc., and Evonik Industries AG, among others, are the key players in the global and Europe silicones market that are analysed by the EMR report. The report gives an insight into the latest developments among these major players including plant turnarounds, capacity expansions, and mergers and acquisitions. 

About Us:

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.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.