Synopsis of Specialty
Silicone Market:
Silicones are also known as polisiloxanes, these are
polymers that include synthetic compounds made up of siloxane. Silicones are
heat resistant and are widely used in adhesives, lubricants, cooking utensils,
medicine, and thermal and electric insulation. Specialty Silicones are
versatile products that help in enhancing the product performance and make them
more durable and effective. Specialty silicones are extensively used in many
industries such as electronics, personal care, health care, and building and
construction among others. Properties such as thermal stability, low toxicity,
low chemical reactivity, and heat and water resistance among others make
Specialty Silicones suitable for many end-use industries. The increasing demand
from the end user industries is the major factor augmenting the growth of the
market. Moreover, the growing demand for Specialty Silicone from the skin
lightning and other skin care products is further expected to surge the market
growth. The global market is segmented on the basis of product type and
applications.
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Among the various segments in Specialty Silicone Market,
the silicone elastomer segment is the leading segment of the market and is
anticipated to continue its dominance over the forecast period. They are
extensively used in applications such as dental, medical implants, aerospace,
and automotive applications. Superior qualities of silicone elastomers such as
low surface friction, tear resistance, thermal resistance and self-adhesive
nature pave the way for silicone elastomers to be used in the construction,
automotive, consumer goods, healthcare, electrical and electronics among
others. The market for the end-use industry is segregated into textiles,
healthcare, electronics, agriculture, construction, cosmetic and personal care,
chemical, automotive and others. In the end use industries, the construction is
the dominant segment and is expected to grow at an encouraging CAGR. The
elastomeric properties and durability to withstand harsh climates make
specialty silicones an effective use as an adhesive in building and
construction.
Regional Analysis:
The Specialty Silicone Market is segmented across five
regions: Asia Pacific, North America, Europe, Latin America, and the Middle
East & Africa. Among these, Asia Pacific holds a major share of the market
and is expected to be the fastest growing market with an encouraging CAGR. The
growing population and the increasing personal disposable incomes in the
developing nations are the major reason driving the growth of the specialty
silicone market. Moreover, the burgeoning construction industry in countries
such as India, China Indonesia, Vietnam, and South Korea is adding to the
demand for silicone adhesives which in turn is propelling the market growth. In
addition, the increase in government expenditure coupled with the growing
demand for healthcare, personal care, textiles and electronics among other is
also contributing significantly to the growth of the market in the region. The
major countries adding to the market growth are India, China, and Japan.
North America is another dominant region for the
market of Specialty Silicones exhibiting an expanding CAGR. The presence of the
big three automobile companies namely General Motors, Ford and Fiat Chrysler
has augmented the demand for Specialty Silicone for the use of a sealant in the
automobile industry. Furthermore, the newly elected government has brought
about the new wave of investments in construction and renovation of the
infrastructure mainly in the U.S. and Canada, which is further expected to
boost the market in the region.
The European region is a lucrative market mainly driven
by the developed automobile, healthcare, and cosmetic industry. The growing
demand for Specialty Silicone from the cosmetic and personal care industry for
the use as a protection and to repair hair and skin is driving the growth of
the market. Specialty Silicones forms a basic ingredient in skin care products
such as creams, serums, shampoos, and other hair care products.
Segmental Analysis:
The Global Specialty Silicone Market is segmented into
type and end-use industry. On the basis of type, the market is segregated into
antifoam / defoaming agents, silicone elastomers, silicone greases, silicone
surfactants, silicone polish, silicone textile softeners, silicone water
repellants, thin silicone membranes and others. The market by the end
use industry is further categorized textiles healthcare, electronics,
construction, cosmetic and personal, automotive and others.
Key Players:
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Dow Corning Corporation
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Wacker Chemie AG
Ø
Momentive
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Shin-Etsu Chemical Company
Ø
Elkem AS
Ø
Evonik Industries AG
Ø
Siltech Corporation
Ø
AB Specialty Silicones
Ø
KCC Basildon
Geographical Analysis:
The report covers brief analysis of the major geographic
regions namely Asia Pacific, Europe, North America, Latin America, and the
Middle East & Africa.
Intended Audience
- Specialty Silicones Manufacturers
- Traders and Distributors of Specialty Silicone
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laborato
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