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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