Summary
Global Specialty Silicones Market-Segmented by Product Type , Application , and Geography-Trends and Forecasts ( 2017-2022 )
Description
The Global Specialty Silicones Market has been estimated at XX . XX million tons in 2015 and is projected to reach XX . XX million tons by 2020 , at a CAGR of XX . XX % during the forecast period . Silicones are polymers , which include inert and synthetic compounds that are made from repeating units of siloxane . Silicones are versatile products , and aids in enhancing the product performance , longevity , and make them more effective . Specialty Silicones are famous for their durability features .
Silicones , owing to their thermal stability , low chemical reactivity , low toxicity , and heat and water resistance properties , are becoming an integral part from numerous industrial and commercial applications . In the Global Specialty Silicones market report , we have taken the following major enduser sectors into consideration : Textile , Healthcare , Electronics , Fertilizer , Construction , Beauty and Personal Care , Chemical Manufacturing ( Resins and coatings ), Automotive , Agriculture , Food Processing Industries , Energy , and Others .
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This market is driven by a number of factors , such as wide range of applications , new product developments to gain competitive edge in the market , and excellent chemical properties . However , this market faces certain drawbacks , such as high manufacturing costs , stringent regulatory issues in the personal care and cosmetics products industry . These factors may act as a roadblock to the growth of the market .
The global Specialty Silicones market , on the basis of product type , can be broadly segmented into Antifoam / Defoaming agents , Silicone Elastomers , Mould Release , forming , casting and curing , Silicone Greases , Silicone Surfactants , Silicone Polish / Shinning Agent , Silicone Textile Softeners , Silicone Water Repellants , Silicone Rubber , Thin Silicone Membranes , Custome Silicone Compounds ,. The silicone elastomers segment accounted for the highest share in the global Specialty Silicones market in 2015 . The segment is expected to reach about USD 12.89 billion by 2020 , growing at a CAGR of 8.32 % during the period ( 2017 - 2022 ).
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The market has been geographically segmented into Asia-Pacific , North America , Europe , South America , and Middle-East and Africa . In terms of consumption in 2015 , APAC led the market with a share of XX . XX %. The improvement in the financial status of the consumers and the rise in their purchasing power , is increasing the demand for automobiles and buildings and need for infrastructural development in the Asia-Pacific region , in turn making the region an area of immense potential and opportunities .
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