Monday, April 15, 2024
  • Revizto - Leaderboard - March and April
  • Premier Leaderboard - updated Nov 19
  • Procore Leaderboard 2024
  • CWRE 2024 - Leaderboard
  • Dentec - Leaderboard - 2023 - Updated
  • Keith Walking Floor - Leaderboard - Sept 2021
  • IAPMO R&T Lab - Leaderboard

Silicone Market Future of Market Size Trends and Predictions for Epic Growth

Silicone Market Growth

Silicone Market Growth

Building and construction segment held the highest market share in 2022, driven by silicone’s versatility in sealing and bonding applications.

The silicone market is witnessing substantial growth driven by factors such as increased adoption of waterborne coatings and growing demand in construction and infrastructure sectors.”

— David Correa

WILMINGTON, DELAWARE, UNITED STATES, March 15, 2024 /EINPresswire.com/ — The silicone market is witnessing substantial growth driven by factors such as increased adoption of waterborne coatings and growing demand in construction and infrastructure sectors. Although high product prices pose a challenge, the market is buoyed by opportunities in food and beverage packaging. Silicone-based products, including sealants, adhesives, and coatings, are pivotal in enhancing durability and energy efficiency across various industries.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/1417

Market Dynamics:

Drivers:

– Rise in construction and infrastructure projects.
– Growing adoption of waterborne coatings.

Opportunity:

– Increasing demand for food and beverage packaging.

Restraint:

– High prices of silicone products.

Segment Analysis:

Type:
Elastomers segment led the market in 2022 and is expected to maintain dominance due to properties like thermal stability and durability.

End-user Industry:
Building and construction segment held the highest market share in 2022, driven by silicone’s versatility in sealing and bonding applications.
Electrical and electronics segment is projected to exhibit the highest CAGR, attributed to silicone’s thermal stability and electrical insulation properties.

Regional Analysis:

Asia-Pacific accounted for the highest revenue share in 2022 and is anticipated to continue leading, fueled by expanding manufacturing sectors in countries like China and India.

Key Players:

Leading companies in the silicone market include DOW INC., WACKER CHEMIE AG, EVONIK INDUSTRIES AG, KANEKA CORPORATION, ARKEMA, BASF SE, SHIN-ETSU CHEMICAL CO., LTD., ELKEM ASA, KCC SILICONE CORPORATION, and MOMENTIVE.

Conclusion:
The global silicone market is poised for significant expansion driven by diverse end-user applications and regional growth dynamics. Key players are leveraging strategies like product launches and collaborations to maintain their market presence.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/silicones-market/purchase-options

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+1 5038946022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn