PPT for Silicone Market

1
Silicone Market 2016 2023
Silicone Market Size, Industry Outlook, Regional
Analysis, Application Development, Competitive
Landscape Forecast, 2016 - 2023
2
Global Market Scenario of Silicone

• Global silicone market size was estimated at over
  1.65 million tons in 2014 and is likely to exceed
  2.5 million tons by 2023 with gains of over 5.5
  from 2016 to 2023.
• This market is likely to exceed USD 22 billion by
  2023 growing with an estimated CAGR of close to
  6 from 2016 to 2023.
• Silicone elastomers market was the most
  significant segment and is likely to witness
  gains at over 6.5, owing to growing demand from
  automotive, infrastructure construction.
  Silicone fluids are likely to witness moderate
  growth rates of over 3.8 up to 2023 with demand
  expected from end-use industries such as
  toiletries, cosmetics and pharmaceuticals.
• Silicone resins are likely to witness below
  average growth rates of close to 3 up to 2023
  with anticipated demand from construction
  industry. 

3
Continue.....

• Increase in infrastructure investment and
  positive outlook on construction and housing
  space is likely to drive silicone market.
  Construction is one of the major application
  avenues, with water repellent coatings, glass
  coatings, solar panel sealants, LED fixtures,
  epoxy coatings, sealants and masonry coatings.
• Growing demand for heat transfer oil to provide a
  thermal interface in oil gas industry is likely
  to drive silicone market growth.
• It is also used in energy efficient durable
  applications such as LED lamps, construction
  materials and electric vehicles. Recent
  developments of LSR and FSR are likely to offer
  developments on cost effective elastomers
  resins.
• Get more detail _at_ https//www.gminsights.com/indus
  try-analysis/silicone-market-

4
360 Analysis

• Application Analysis
• Growth in transportation industry such as
  automobiles and aerospace is likely to drive
  demand. Transportation equipments are
  continuously exposed to chemical physical
  attacks which require durable structures for
  minimizing maintenance repairing costs. They
  are used in automobiles, spacecrafts and ocean
  vessels to enhance exterior resilience against
  extreme weather conditions.
• Regional Analysis
• China was the largest consumer owing to the
  presence of large scale industries such as
  electronics, automobile, petrochemicals and
  textiles. Construction industry in China is also
  the largest in the world market with an estimated
  spending of USD 1.78 trillion in 2014.
• Asia Pacific (excluding China) is likely witness
  significant gains over the forecast period. Major
  automobile manufacturers prefer to set u their
  plants in Thailand, Indonesia and India owing to
  cheap labor wages and government incentives. 
  Europe is likely to witness an increase in demand
  owing to growth in automobile industry.
• Competitive Market Share
• The global silicone market share is fragmented
  and is expected to witness few mergers
  acquisitions over the forecast period. Key
  companies operating in this industry include
  Wacjer Chemie, Dow Corning, Ashland, BASG and 3M
  Company. Other prominent manufacturers include
  Arkema, ICM Products, Evonik Industries, Jiangsu
  Hongda New Material Co. Ltd.

5

Request for an in-depth table of contents for
this report _at_ http//bit.ly/2cn6tlm Browse
complete summary of this report _at_
http//bit.ly/2bWm12W
6
Stay In Touch You can visit us at
www.gminsights.com