Latest industry research report on Silicones Market. Silicones are high-performance oligomers or polymers with an alternating silicon–oxygen backbone, formed with aliphatic or aromatic side groups. They are considered as a modern class of synthetic materials, which can take a variety of physical forms such as solids, semi-viscous pastes, oils, and more. They are produced by reacting silicon with methyl chloride and further reaction with water. Silicones are resistant to high & low temperatures and find applications in several products used across a wide range of end-user industries. Manufacturers of silicone are carefully complying with the regulations and norms drawn by the public authorities from the U.S., Europe, and Asia to safeguard human health and the environment.
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There are myriad growth drivers for the world silicones market, of which the most important is the rapid growth of building & construction and electronic end-use sectors, especially in Asia-Pacific. Silicones are mainly used as adhesives, sealants, and coatings in these sectors. Silicone-based products also contribute toward energy savings and greenhouse-gas emission reduction, which increases its popularity in the end-user market. Rising cost of key raw materials, methyl chloride & silicon metal, hinders the market growth. Emerging economies in Asia-Pacific, such as India, Indonesia, and Thailand, offer various opportunities for the silicones market owing to the rapidly growing end-user industries in these countries.
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The world silicones market is segmented on the basis of type, end user, and geography.
BY END USER
- Building & Construction
- Textile & Leather
- Others (Paints & Coatings, Cosmetics, Paper)
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA
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