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(Transportation-News.com, August 19, 2021 ) Market Overview
Global Silicones Market is the emerging market, and it is expected to grow at CAGR of over 21% during the period (2020-2027).
Silicones are modern synthetic products based on raw material, quartz sand, which is available in practically unlimited quantities.
Silicones or polysiloxanes are high-performance or polymers with an alternating silicon-oxygen backbone, formed with aliphatic or aromatic side groups.
Nature, silicon occurs exclusively in oxidized form, as the compounds silicon dioxide and silicates. Due to its properties like excellent waterproofing and excellent moisture resistance, the applications of the silicones in the construction industry are rising. This represents the principal contributor to the market growth.
Market Trends
Increases in silicone demand will also benefit from the rising use of high-value materials in emerging applications, particularly in the newly industrialized nations of the world where the use of silicones is not yet mature.
The Asia/Pacific region has risen to become the leading market for silicones, accounting for nearly 40 percent of global demand in 2012.
China is by far the worlds largest producer of silicon, including thereby silicon content for ferrosilicon and silicon metal. Around 4.6 million metric tons of silicon was produced in China in 2016 which accounted for about two-thirds of global production that year, which reached about 7.2 million metric tons above-average growth is also forecast for Central and South America, Eastern Europe, and the Africa/Mideast region, areas in which silicone demand per capita is currently among the lowest in the world.
As silicones become increasingly well established in these regions, technological advancements and product innovation will become essential for long-term market growth.
Market Drivers and Restraints
The growing infrastructure activities in emerging countries will drive the silicones market size in the coming days. Increasing focus onthe utilization of high performance materials by the OEM’s is expected to facilitate the growth of automotives silicone market over the forecast period.
Market Segmentation
By Product Type
Elastomers
Adhesives and Sealant
Resins
Others
By Material
Natural
Synthetic
By Application
Interior and Exterior Parts
Engine & Drive Train Systems
Suspension system
Electrical system
Others
By End User
Construction
Automotive & Transport
Consumer care
Elastomers, Plastics & Composites
Related Reports
Automotive Silicone Market, Silane and Silicone Market, Silicone Based Thermal Conductive Adhesives Market, Silicone Adhesives Market, Silicone Coating Market
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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