The global market for siloxane is projected to reach a valuation of more than US$ 25 Billion by 2027 according to the recent report published by Fact.MR. According to the company’s recent research report, the global siloxanes market is expected to see a steady growth rate in both developed and developing countries during the forecast period. Due to the increasing demand for organic cosmetics and pharmaceutical products, the global sales of the market for siloxanes are expected to increase.
Growing demand for goods from the electronics sector is expected to drive the siloxane market due to its high thermal stability and resistance to weathering, humidity and UV radiation. In addition to this, increasing demand for lightweight materials in the automotive industry and rising R&D activities for product innovation is expected to boost the overall industrial growth in the coming years.
After reading the siloxane market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the siloxane market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The siloxane market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America
- Latin America
- Middle East
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Siloxane, Meeting the Technical Requirements of Various Industry Verticals
Siloxane is commonly used as a sealant, adhesive and lubricant due to its differential properties. This is one of the main factors behind the growth of the global market for silicone. In addition, siloxane has several commercial applications ranging from electrical wire insulation to biomedical implants. Siloxane is increasingly used in paints & coatings, rubber & plastics, adhesives & sealants and fiber treatment activities. Growth in the overall market for siloxane is powered by an increase in demand from end-use industries such as electronics & semiconductors. Because of its temperature stability and excellent insulation, its ability to be adapted or changed for resistance requirements makes it extremely versatile for use in applications such as automotive, chemical & process engineering, medical, and other applications such as cosmetics and textiles which cover more than 20% of the application type market share.
The evaluation of the competitive landscape in the siloxane market covers the profile of the following top players:
- Dow Chemical Company
- Wacker Chemie AG
- Elkem ASA
- Momentive Performance Materials
- Shin-Etsu Chemical Co. Ltd.
- Dongyue Group Co. Ltd.
- Zhejiang XinAn Chemical Industrial Group Co Ltd
- Zhejiang Sucon Silicone Co., Ltd.
- China National BlueStar (Group) Co., Ltd.
- Hoshine Silicon Industry Co., Ltd.
- KCC Corporation
- XINGFA Group
Asia Pacific to Hold 2/3rd of the Global Market Share Owing to Its Strong Chemical and Industrial Chains
Developed markets in regions such as North America and Europe are expected to dominate the demand for siloxanes in terms of volume, whereas emerging regions such as APEJ and Latin America are expected to grow rapidly in the market for siloxanes throughout the forecast period. In addition, the global market for siloxanes is expected to see growth due to the rapidly increasing use of siloxanes in pharmaceutical, cosmetic and other industries. Nonetheless, the prices of siloxanes on the international market are growing due to additional costs for manufacturers to obtain certifications and to obtain approvals. The increasing price of raw materials used for manufacturing is likely to impede the growth of the siloxanes market worldwide.
To expand the understanding of opportunities in the global siloxane market report looks at close quarters into the opportunities and new avenues in following key segments:
- Electrical & Electronic
- Health & Personal Care
- Chemical Intermediate
- Others (Cosmetics, Textile, etc.)
In addition to understanding the demand patterns of various end users, the report on the siloxane market also enumerates trends expected to attract investments by other various associated industries.
On the basis of types, the siloxane market report offers insight into major adoption trends for the following segments:
The global siloxane market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the siloxane market report tries to answer exhaustively are:
- Key strategic moves by various players in the siloxane market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the siloxane market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?