Specialty Silicones Market with Key Players, Overview Regional, Consumers & Buyers Analysis 2018

Target Audience of "Specialty Silicones Market" Report 2018: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.

Specialty Silicones Market Report provides key statistics on the market status of the Specialty Silicones Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Specialty Silicones Industry.

The global specialty silicones market is expected to register a CAGR of around 7% during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market in 2017. Asia-Pacific is also expected to register the fastest growth during the forecast period.

Rising Demand from the Construction Sector

The construction sector is one of the major end users in the specialty silicone market. Silicone, owing to their waterproofing abilities, weather & temperature resistant properties, UV stability, and protective glazing applications are used extensively in the construction sector. The global construction industry grew at a decent pace during 2017. However, it is anticipated that it will increase by ~4% in 2018, with the rising construction activities in the Middle East & Africa, and Asia-Pacific (especially in China, as the government is planning to support the economy through infrastructure programs and public investments). Additionally, the construction industry in North America, especially in the United States, is expected to witness a steady growth in the construction sector, owing to rapid expansion in the residential sector and repaired construction sector. With the construction industry projected to grow in the near future, the demand for specialty silicones is expected to increase through the forecast period.

Silicone Elastomers – The Dominant Product Type

Silicone elastomers are used in a vast variety of applications, ranging from silicone-based sealants for use in the construction industry to the formulation of color cosmetics & skin care products in the personal care sectors. However, the growing need for separate individual silicone formulations for a wide range of applications has forced the silicone manufacturers to develop and produce end-user sector-specific specialty silicone elastomers. Owing to the various benefits of similar tailor-made elastomers, including desired properties and cost-effective production, they are increasingly finding usage in a variety of applications, especially in the healthcare, electronics, automotive, and energy (solar) sectors.

Asia-Pacific the Largest Market

Asia-Pacific is the most dynamics region as it is home to two of the rapid developing economies, China and India. The industrial production and manufacturing sector has seen augmented growth, which has driven the market for specialty silicones. China’s investment policy has helped in witnessing the establishment of new manufacturing units by major MNCs. For example, Evonik has started a new plant in Shanghai for the production of Specialty Silicones in 2017. Specialty silicones are used in various applications such as health care & pharmaceuticals, automotive, electronics, textiles, oil & mining industries, construction, agriculture and others. With huge demand and potential from various end-user industries, the consumption of specialty silicones is expected to increase during the forecast period, driven by the growth in developing economies in the region.

Get PDF Sample of Specialty Silicones Market Report @ https://www.360marketupdates.com/enquiry/request-sample/12884882

Major companies covered in this Report:

AB Specialty Silicones
ACC Silicones Ltd
Bellofram Group of Companies
Chemsil Silicones
Inc.
Dow Corning Corporation
Elkay Chemicals Pvt. Ltd.
Elkem Silicones
Evonik Industries AG
Innospec
K. K. Chempro India Private Limited
MESGO S.p.A.
Milliken Chemical
Momentive
NUSIL
Quantum Silicones
LLC
REISS MANUFACTURING
INC.
Shin-Etsu Chemical Co.
Ltd.
Siltech Corporation
Specialty Silicone Products
Inc.
Supreme Silicones
The Lubrizol Corporation
Trelleborg Sealing
Wacker Chemie AG
Wynca Group

REASONS TO PURCHASE THIS REPORT

Growing demand from construction sector will drive the marketAnalyzing various perspectives of the market with the help of Porter’s five forces analysisProduct type and end-user industry that are expected to dominate the marketRegion that is expected to witness fastest growth during the forecast periodIdentifying the latest developments, market shares and strategies employed by the major market players3-month analyst support, along with the Market Estimate sheet in excel

Purchase Specialty Silicones Market Report at @ https://www.360marketupdates.com/purchase/12884882

Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. In this KEYWORD Market analysis, traders and distributors analysis is given along with contact details. For material and suppliers also, contact details are given. New investment feasibility analysis is included in the report.

360 market Updates is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.

360 Market Updates
3rd Floor, Silver Spring, Sahyadri farms,
Opp Prabhavee Tech Park,
Baner - Mhalunge Road, Baner, Pune 411045.

This release was published on openPR.