As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
Market Analysis by Types, End-Use and Regions:
Key Findings of the Report:
Key Offerings of the Report:
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.
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.