Trending News – Silicones Market 2020 – Global Industry Size, Share, Impact Of COVID-19, Demand, Outlook, Analysis Till 2025
According to new report by Expert Market Research titled ‘Global Silicones Market Report and Forecast 2020-2025’, the global silicones market reached a volume of over 2.33 million metric tons in 2017 and is further expected to grow at CAGR of almost 5% in the period 2020-2025, attaining a volume of more than 4 million metric tons by 2025.
Note: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Asia-Pacific has the largest market share in the global silicones market. The region is a major manufacturing as well as exporting hub for electrical and electronics products in which silicones find extensive use. Asia-Pacific along with the Latin America contributed to the 5% growth of the global silicones market between 2016 and 2017 due to an increased demand for silicone fluids, elastomers and resins in the home and personal care sector, and the automotive industries in the regions.
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Elkem Silicones (OTCMKTS: ELKEF), Dow Chemical Company (NYSE: CTA-B), Wacker Chemie AG (OTCMKTS: WKCMF), Shin-Etsu Chemical Co. Ltd. (OTCMKTS: SHECY), Ferroglobe PLC, Momentive Performance Materials Inc. and Evonik Industries AG are the key players in the global silicones market. The report provides an in-depth look into the latest developments among these major players including plant turnovers, expansions in capacity, and mergers and acquisitions.
There was an increase in the prices of silicone raw materials in early 2017 which consequently led to a hike in silicone prices, reaching their highest in Q1- 2017. This hike in prices led to key players in the global silicones industry like Wacker Chemie AG, Elkem Silicones, Shin-Etsu Chemical Co., and Momentive Performance Materials Inc. to increase their product costs by 10-30% between late 2017 and early 2018. However, these changes did not prove detrimental to the companies as they continued their expansions with Shin-Etsu Silicones introducing advanced eight-carbon silane coupling agents in the June of 2018 and Wacker Chemie AG awarding a U.K. company, Intertronics a distribution contract covering U.K. and Ireland for silicone products. The silicone prices eventually decreased in the latter half of 2018 due to the softening of raw material prices and the relaxation of China’s environmental policies.
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Table Of Contents:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Silicones Market Analysis
6.1 Figure: Global Silicones Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Silicones Market Breakup by Type
6.3 Figure: Global Silicones Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Chart: Global Silicones Market Breakup by Application
6.4.1 Industrial Process
6.4.2 Construction Materials
6.4.3 Home and Personal Care
6.5 Figure: Global Silicones Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Industrial Process
6.5.2 Construction Materials
6.5.3 Home and Personal Care
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