Market Overview:
Increasing global investment in
physical infrastructure is propelling the demand of Silicone Derivative in
global market. Silicone is the second most abundant element found in the earth
crust, thereby, making Silicon Derivatives massively penetrated into numerous
end use industries such as building & construction, automotive, chemicals,
energy, electronics and personal care among others. Its availability and
biodegradability can fuel the demand of silicone derivatives in coming years.
Emerging economies from Asia Pacific and other regions are increasingly
focusing over infrastructural developments. Apart from that, new trends of
electronic vehicles and digitization in the world are posing as new
opportunities in the Global Silicone Derivatives Market.
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After Paris Agreement, which
compel countries to cut the carbon emission, both developed and developing countries
embarked upon development of renewable energy. Silicone Derivatives are
steadily penetrating their way into renewable energy sector, especially in
solar energy. These trends are responsible for maximum pull in demand of
silicone derivatives throughout the forecast period. In addition, Silicone
Derivatives are used in personal care, pharmaceuticals, and food &
beverages, which are ever growing streams. Collectively, all these trends are
expected to propel growth of the Global Silicone Derivatives Market. During the
forecast period the Global Silicone Derivative Market is projected to grow
approximately at CAGR of 6%.
Competitive Analysis:
·
Dow Corning Corporation (U.S.)
·
Shin-Etsu Chemical Co., Ltd. (China)
·
Wacker Chemie AG (Germany)
·
Triveni chemicals (India)
·
Zhenzhou Yellow River Emery Co., Ltd (China)
·
Saint-Gobain Silicon Carbide (France)
·
Xuancheng Crystal Clear New Materials Co., Ltd
(China)
·
aromachimie Company Ltd. (U.K.)
·
Multimin-Egypt for Mining S.A.E (Egypt)
·
Hisilco (China)
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Market Segmentation:
Global Silicone Derivative Market
has been segmented into type, applications, and region. On the basis of type
the market is divided into Silicon Dioxide (Silica), Silicon Carbide, Silicate,
Silicon Nitride, and others. Among them Silicone Dioxide is the leader in terms
of total demand of Silicone Derivatives. Around 95% silica produced is consumed
in construction activities for production of Portland cement. High melting
point of silica enable its use in industrial applications such as sand casting
for metallic components. The increasing standard of living enabling people to
use high end products such as glass and ceramics in building their houses. This
is expected to push the demand of silica in making glass and ceramics. Silica
is also used as a key ingredient in food & beverages industries due to its
colloidal hydrophilic properties. During the forecast period, demand of
Silicone Dioxide is estimated to increase exponentially, which would fuel the
growth of Global Silicone Derivative Market. After silica, silicon carbide is
the second most important type of Silicone Derivative. Silicon carbide is
majorly used as an abrasive due to its higher durability and lower cost. In
addition to increasing usage of silicon carbide in automobile as high
performance ceramic disc brakes are expected to propel the demand of silicone in
coming years. Silicon Nitride is used as a building material for automobile
parts such as diesel engine, glow plugs, ceramics bearings and turbocharger.
Moreover, expanding usage of silicone derivatives in electronics as insulators,
heat resistors, and dielectric material in capacitors is estimated to drive the
demand of Silicone Derivatives further.
Based on application the Global
Silicone Derivative Market is segmented into building & construction,
automobile, electronics, energy, chemical, personal care, and others. Building
& construction industry is the leading segment in terms of its share in the
global demand of Silicone Derivatives. The products, such as, glass, Portland
cement, and ceramics need Silicone Derivative as a key components. The increasing
use of these products may lead to the demand of Silicone Derivatives in coming
years. Followed by building & construction, automobile is the second
important segment which pull the significant share of demand of Silicone
Derivatives. Starting from electronic embedded system to machine parts,
silicone derivatives are extensively used in automotive industry. Silicone
Derivatives also find their applications as a material for making abrasives and
cutting tools. Apart from that use of various Silicone Derivatives as an
elastomers, sealants, and adhesives make them versatile in nature.
Regional Analysis:
The major regions in Global Silicone
Derivative Market are Asia Pacific, Europe, North America, Latin
America, and Middle East & Africa. Asia Pacific is holding the major share
of Global Silicone Market in terms of size. It is the fastest growing region
with largest market size in the Global Silicone Derivative Market. Asia Pacific
accounts for around 40% of total market share as of 2016. China and India are
the major shareholders of Silicone Derivative Market in the region. The focus
of emerging countries in this region is heavily concentrated on infrastructural
developments, which is the primary driver of growth of regional Silicon
Derivative Market. Along with that the higher demand of automobile from this
region is projected to pull the maximum demand of silicone derivatives in
making automotive parts. The energy intensive countries such as India, China,
and Japan in this region are swiftly taking up renewable energy options,
especially solar energy. As silicone is the most preferred adhesive in solar
panels, shift of trend from nonconventional energy sources to conventional
ones, is poised to boost growth of Silicone Derivative Market. Europe and Asia
Pacific together account for nearly 70% of Global Silicone Derivative Market
size. Automobile segment is the main driver of demand of silicone derivative in
this region. The countries namely Germany, France, U.K., and Italy, where an
automobile industry is well established, are the major markets in this region.
Advent of electronic vehicles is expected to be the main driver of growth of
regional Silicone Derivative Market over the forecast period. North America is
also a substantial region in Global Silicone Derivative Market. U.S is the main
market in this region. Automotive and construction segments are the main
drivers of demand of Silicone Derivative in this region. Other important
regions in the Global Silicone Derivatives Market are Latin America and Middle
East & Africa. Among them Latin America is the fastest growing region. The
emergence of end use industries in the countries namely Brazil and Argentina
would be the main driver of silicone derivative market in this region. Middle
East & Africa is projected to join the mainstream market with its vast
potential in renewable energy sector.
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