Specialty Silicone Market by Applications over 2018-2025
The latest Specialty Silicone Market analysis and research report talks about major applications of Specialty Silicone, growth of these segments as well as offers insights into company’s active in this industry and their information.
The latest Specialty Silicone Market analysis and research report talks about major applications of Specialty Silicone, growth of these segments as well as offers insights into company’s active in this industry and their information.
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<strong>Specialty</strong> <strong>Silicone</strong> <strong>Market</strong> analysis research<br />
and trends report for <strong>2018</strong> – <strong>2025</strong><br />
Asia Pacific held a substantial market share in 2017 and is likely to be the fastest<br />
growing region. Urbanization, improving living standards of people, developing<br />
infrastructure and rising population in emerging nations of this region are the major<br />
reason driving the growth of specialty silicone market in Asia-Pacific. Also, the<br />
construction industries in these countries are booming which would add on to the rising<br />
product demand in this region. North America and Europe are key markets owing to a<br />
nearly mature automotive, defense, and construction sectors and is likely to hold<br />
substantial shares of the <strong>over</strong>all industry during the forecast period.<br />
Global <strong>Specialty</strong> <strong>Silicone</strong> <strong>Market</strong> size will portray an upward trend in its growth<br />
trajectory in the upcoming years due to the advancements in construction industry.<br />
The product is used in various industries mainly due to its unique characteristics such<br />
as less toxicity, UV radiation resilience, defensive glazing application, waterproofing,<br />
heat resistance and others which upgrades the performance of the products and make<br />
them more economically viable, flexible and efficient.<br />
Progress in the global construction industry will augment the specialty silicone market<br />
during the forecast period. The global construction industry reached an output of USD<br />
8.8 trillion in 2016 and is likely to rise in future. The pace of development in the global<br />
construction industry was at 2.4% in 2016. This will drive product demand to be used<br />
as a construction material in coming years.<br />
<strong>Market</strong> research reports: Key analytical components<br />
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The specialty silicone market has been segregated based on type, end-user and<br />
region. Antifoam/ defoaming agents, greases, polish/shinning agent, water repellants,<br />
elastomers, surfactants, textile softeners, and thin membranes are the various types<br />
of products available in the market. Among all these types, specialty silicone elastomer<br />
is likely to be a key segment capturing a significant market share. This product type is<br />
used in medical implants, automotive, dental, aerospace, etc. <strong>Silicone</strong> elastomers are<br />
adaptable, has low flammability, durable and has high dielectric strength which make<br />
this product type more popular among others.<br />
Some of the key market participants in the global specialty silicone market includes<br />
Siltech, Momentive Performance Materials, KCC Basildon, Evonik Industries, AB<br />
<strong>Specialty</strong> <strong>Silicone</strong>s, Wynca Group, Trelleborg Sealing, <strong>Specialty</strong> <strong>Silicone</strong> Products<br />
Inc., NUSIL, Quantum <strong>Silicone</strong>s LLC and Dow Corning Corp. Capacity expansions are<br />
a key strategy that market players use to strengthen their positions. For example, in<br />
September 2017, Evonik Industries AG completed its construction of the Shangai plant<br />
which would produce specialty silicones. AB <strong>Specialty</strong> <strong>Silicone</strong> also expanded the<br />
capacity of its plant and would make more developments in upcoming years in the<br />
Waukegan III plant.<br />
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