Maximize Market Research’s latest report, ” Global Silicone Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Silicone Market size was valued US$ 15.75 Bn in 2019 and the total revenue is expected to grow at 10.7% through 2020 to 2027, reaching US$ XX Bn. The report has covered region-wise market trends with a competitive landscape. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Silicone Market Overview
The global silicone market is driven by the superior properties of silicone, high demand for silicone in the electronics industry, construction industry and lightweight automotive materials. The upsurge adoption of waterborne coatings and the rise in demand for silicone across several end-user industries will impel market growth in the upcoming period. However, the stringent regulatory policies for silicone, the adverse health impact of silicone, and the high prices of silicone products may restrain the market growth at the global level. High market potential in structural silicone glazing (SSG), development of antimicrobial silicone elastomers for the healthcare industry, and high penetration of electric vehicles are projected to create beneficial growth opportunities for key players in the market. Fluctuating raw material prices is the major challenge for the silicone market in the near future.
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Global Silicone Market Major Market Players
• The Dow Chemical Company
• Wacker Chemie AG
• Shin-Etsu Chemical Co. Ltd.
• Elkem ASA
• Momentive Performance Materials Inc.
• KCC Corporation
• Evonik Industries AG
• Gelest Inc.
• Innospec Inc.
• Kaneka Corporation
• Ashland Incorporated
• Arkema Group
• Emerald Performance Materials, LLC,
• BASF SE
• CSL Silicone Inc.
• Reiss Manufacturing, Inc.
• CHT Group
• Silchem, Inc.
• Silteq Limited
• Roger Corporation
• Primasil Silicone
• Sivance, LLC
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Silicone Market by Types and Applications:
Global Silicone Market, by Type
• High Temperature Vulcanized (HTV)
• Liquid Silicone Rubber (LSR)
• Room Temperature Vulcanized (RTV)
Global Silicone Market, by End-use Industry:
• Industrial Process
• Building & Construction
• Personal Care & Consumer Products
• Electrical & Electronics
• Medical & Healthcare
The report has covered the market size by country (regions) for the global Silicone market. Segment by Application. The Silicone Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Silicone Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Silicone Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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