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The North America silicones market is being driven by the growing demand for silicone elastomers in the USA and Canada. Silicones are synthetic polymers with chains of alternating silicon-oxygen atoms. They find their application across various sectors due to their many favourable properties like thermal and UV stability, flexibility, adhesion, water repellence, antifoaming, and lubrication. While the market growth in the region is slower than in the emerging economies, the mature silicones market finds healthy demand from sectors such as personal care, renewable energy, and healthcare. The recovering automobiles and construction industries in the region are also driving the market growth.
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Medical-grade silicones are one of the fastest growing sectors in North America. In 2017, the region was a leading market for medical-grade silicones. Silicones find widespread application in the medical and healthcare industries due to their biocompatibility. They are used to manufacture moulds, tubing, prosthetics, respirators, and hearing aids, among other medical equipment. Silicones are also used to make cooling caps which are utilized after undertaking chemotherapy treatments along with easy to remove and pain-free medical adhesives, which do not damage the skin. In North America, the demand for medical-grade silicones has been on the rise due to the increasing need for heart implants, aesthetic implants, and other implantable medical devices.
The energy sector is another major application sector for silicones in North America where they are chiefly used to make components in the renewable energy segments like wind and solar energy. Most of the solar panels are made of silicones as they add to the durability and functionality of the panels by creating strong bonds and seals as well as providing electrical insulation. In the construction of windmill shafts, silicones lead to lower costs of material, increase the lifetime of the panels along with decreasing the overall cost of the unit.
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According to EMR, the key players in the global and North America silicones markets are Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd, Momentive Performance Materials Inc., Evonik Industries AG, NuSil Technology LLC, Advanced Polymer Inc., SiVance, LLC, and Siltech Inc., among others. The report provides market information about the latest developments among the major players like their market share, capacity expansions, plant turnarounds, and mergers and acquisitions.
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