Dublin, Nov. 03, 2017 (GLOBE NEWSWIRE) -- The "Silicone Market by Type (Elastomers, Fluids, Resins, Gels), End-Use Industry (Industrial Process, Building & Construction, Personal Care & Consumer Products, Transportation, Electronics, Medical/Healthcare, Energy) & Region- Global Forecasts to 2022" report has been added to Research and Markets' offering.

The global silicone market is estimated at USD 14.20 Billion in 2017 and is projected to reach USD 18.87 Billion by 2022, at a CAGR of 5.85% between 2017 and 2022.

The market is witnessing growth due to the efficient and sustainable properties of silicone which makes it suitable for use in various end-use industries and growing demand for silicone in emerging clusters of Asia Pacific and the Middle East & Africa regions.

Based on type, silicone elastomers was the largest segment of the global silicone market, in 2016. Elastomers are used extensively in end-use industries such as electronics, automotive, personal care, and medical. Silicone elastomers are corrosion and chemical resistant and are used widely in automotive and consumer goods industries. Properties such as biocompatibility, durability, and extreme temperature resistance make silicone elastomers suitable for medical and surgical applications as well. Silicone elastomers are also used extensively in the electronic industry because of their superior electric properties. Thus, the increasing demand for elastomers from the above mentioned end-use industries is expected to drive the silicone elastomers market globally.

Based on end-use industry, industrial processes was the largest end-use industry segment of the silicone market in 2016. Increasing industrialization has led to a rise in industrial activities, subsequently leading to a growth in the demand for silicone for RTV adhesives and as anti-foaming agents in many industrial processes. This is expected to drive the market for industrial processes industry globally.

Asia Pacific was the largest market for silicone in 2016. The region's flourishing manufacturing sector, ample availability of labor, competitive cost base, and increasing consumer demand are expected to drive the market for silicone across the region. Furthermore, the influence of macroeconomic stimuli such as population growth, rise in disposable income, and most importantly the increasing investment for building & construction activities in Southeast Asian countries is also expected to make the region one of the most promising markets for silicone.

The global silicone market is witnessing moderate growth. Factors restraining and challenging the growth of the silicone market are the stringent regulatory policies for silicone in some end-use industries and increasing raw material and energy prices.

Dow Corning (US), Wacker (Germany), Momentive (US), Shin-Etsu (Japan), and Elkem (Norway) lead the global silicone market.

These players are gaining a strong foothold in the market through their strategies of new product launches and developments and expansion of manufacturing facilities.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Silicone Market
4.2 Silicone Market, By Type
4.3 Silicone Market, By End-Use Industry
4.4 Asia-Pacific Silicone Market Share, By Country And End-Use Industry
4.5 Silicone Market Attractiveness

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Efficient And Sustainable Properties of Silicone to Drive Its Demand in Various End-Use Industries
5.2.1.2 Growing Demand for Silicones in Emerging Clusters of Asia-Pacific And the Middle East & Africa Region
5.2.2 Restraints
5.2.2.1 Stringent Regulatory Policies for Silicone in Few End-Use Industries
5.2.3 Opportunities
5.2.3.1 Growing Demand in New Applications
5.2.4 Challenges
5.2.4.1 Increasing Raw Material And Energy Prices
5.3 Porter'S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview And Trends
5.4.1 Introduction
5.4.2 Trends And Forecast of Construction Industry
5.4.3 Trends And Forecast of Transportation Industry
5.4.4 Trend of Growth of World Gdp, 2016-2022(USD Million)

6 Silicone Market, By Type
6.1 Introduction
6.2 Silicone Elastomers
6.2.1 High Temperature Vulcanized Silicone Elastomers
6.2.2 Liquid Silicone Rubber
6.2.3 Room Temperature Vulcanized Silicone Elastomers
6.3 Silicone Fluids
6.3.1 Straight Silicone Fluid
6.3.2 Modified Silicone Fluid
6.4 Silicone Resins
6.4.1 Methyl Silicone Resin
6.4.2 Phenyl Silicone Resin
6.4.3 Silicone Combination Resin
6.5 Silicone Gels & Other Products

7 Silicone Market, By End-Use Industry
7.1 Introduction
7.2 Industrial Process
7.3 Building & Construction
7.4 Personal Care & Consumer Products
7.5 Transportation
7.6 Electronics
7.7 Medical & Healthcare
7.8 Energy
7.9 Others

8 Silicone Market, By Region

9 Competitive Landscape

10 Company Profiles

• Arkema
• Ashland Global Holdings
• Basf
• CSL Silicones
• Dow Corning
• Elkem
• Emerald Performance Materials
• Evonik
• Gelest
• ICM Silicone Group
• Kaneka
• KCC Corporation
• Momentive
• Nusil Technologies (Avantor Performance Materials)
• Primasil Silicones
• Reiss Manufacturing
• Roger Corporation
• Saint-Gobain.
• Shin-Etsu
• Siltech Corporation
• Silteq
• Sivance
• Specialty Silicone Products
• Wacker
• Zhejiang Xinan Chemical Industrial Group

For more information about this report visit https://www.researchandmarkets.com/research/8stfch/silicone_market

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