The new report published by Emergen Research, titled "Global Silicone Market", offers in-depth scrutiny of the Silicone market landscape and its growth prospects over the forecast years. The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing.
However, raw material cost fluctuation and stringent regulations are expected to hamper growth of the global silicone market over the forecast period. The constant volatility of raw material costs is a major challenge in the global silicone industry. The significant rise in raw material prices, including methyl chloride and silicon metals, has a negative impact on silicone manufacturers' profit margins. As a result, the cost of silicone products rises, which is expected to restrain the market growth.
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Some Key Highlights From the Report
- Fluids segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. increasing demand for cosmetic products is expected to boost demand, due to rise in spending capacity, increasing demand for personal care products, and increased use of silicones as an ingredient in coatings and adhesives.
- Construction segment is expected to register a significantly robust revenue growth rate over the forecast period. Because of their moisture resistance, high strength, and characteristics, silicones are widely utilized in the construction industry. Silicones are utilized in various construction materials, such as glasses, concrete, marble, aluminum, metal, and polymers, that are used in both residential and commercial buildings.
- The market in Asia Pacific is expected to account for largest revenue share over the forecast period due to robust presence of key market players including Shin-Etsu Chemical Co., Ltd., KCC Corporation, and Elkay Chemicals Pvt. Ltd. are among others in countries in the region.
The research report offers key insights into the leading market players' strengths and weaknesses, assessed using Porter's Five Forces and SWOT analyses. The report includes Silicone market segmentation based on product type, application spectrum, and key regions. The investigative study estimates the market size, market share, and revenue generation over the forecast timeframe. The key players profiled in the report include:
Wacker Chemie AG, Momentive Performance Materials Inc., The Dow Chemical Company, Shin-Etsu Chemical Co., Ltd., Elkem ASA, Evonik Industries AG, KCC Corporation, Silchem Inc., Specialty Silicone Products, Inc., and Elkay Chemicals Pvt. Ltd.
The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.
- Product Outlook (Revenue, USD Billion; 2018-2028)
- Liquid Silicone Rubber (LSR)
- High-Temperature Vulcanized (HTV)
- Room Temperature Vulcanized (RTV)
- Straight Silicone Fluids
- Modified Silicone Fluids
- Application Outlook (Revenue, USD Billion; 2018-2028)
- Elastomeric Components
- Conditioning Agents
- End-use Outlook (Revenue, USD Billion; 2018-2028)
- Automotive & Transportation
- Consumer Goods & Personal Care
- Industrial Processes
Additionally, the report offers market share data for the global spread of the Silicone industry. Key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are studied to assess the market size, market share, production and consumption patterns, import/export, supply and demand ratio, and revenue contributions. Furthermore, the regions are also studied to understand the operations of the key players located in the region.
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Objectives of the Global Silicone Market Study:
- An in-depth study of the evolving market sectors and the growth & penetration status of the global Silicone market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
Table of Content:
Chapter 1. Methodology & Sources 1.1. Market Definition 1.2. Research Scope 1.3. Methodology 1.4. Research Sources 1.4.1. Primary 1.4.2. Secondary 1.4.3. Paid Sources 1.5. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2021-2028 Chapter 3. Key Insights Chapter 4. Silicone Market Segmentation & Impact Analysis 4.1. Silicone Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 22.214.171.124. Rising development of antimicrobial silicone elastomers 126.96.36.199. Increasing usage of silicone in various industries 188.8.131.52. Increasing construction activities around the world 184.108.40.206. Rising demand for silicone in the automotive industry 4.2.3. Market restrains analysis 220.127.116.11. Raw material costs fluctuation 18.104.22.168. Stringent regulations 4.3. Technological Insights 4.4. Regulatory Framework 4.5. Porter's Five Forces Analysis 4.6. Competitive Metric Space Analysis 4.7. Price trend Analysis 4.8. Covid-19 Impact Analysis
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