Substantial growth in the construction industry as mentioned above is the major reason behind driving the growth of the specialty silicone market
— Based on end-users, specialty silicone market is categorized into construction, healthcare, electronics, textiles, cosmetics & personal care, aerospace & defense, automotive, energy and others. Construction is a major end-user segment in the market which uses many of these products. Substantial growth in the construction industry as mentioned above is the major reason behind driving the growth of the specialty silicone market.
With rising concerns for national safety, especially in emerging nations, governments are spending more on defense equipment which in turn would increase the product demand in the near future. In the energy sector, the product is used in the solar panels, whose use is likely to rise in the future with rising global demand for clean energy.
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Global Specialty Silicone Market size will portray an upward trend in its growth trajectory in the upcoming years due to the advancements in construction industry. The product is used in various industries mainly due to its unique characteristics such as less toxicity, UV radiation resilience, defensive glazing application, waterproofing, heat resistance and others which upgrades the performance of the products and make them more economically viable, flexible and efficient.
Progress in the global construction industry will augment the specialty silicone market during the forecast period. The global construction industry reached an output of USD 8.8 trillion in 2016 and is likely to rise in future. The pace of development in the global construction industry was at 2.4% in 2016. This will drive product demand to be used as a construction material in coming years.
The Specialty Silicone Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Specialty Silicone Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Specialty Silicone Product Insights
5. Specialty Silicone Application Insights
6. Specialty Silicone Regional Insights
7. Competitor Profiles
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The specialty silicone market has been segregated based on type, end-user and region. Antifoam/ defoaming agents, greases, polish/shinning agent, water repellants, elastomers, surfactants, textile softeners, and thin membranes are the various types of products available in the market. Among all these types, specialty silicone elastomer is likely to be a key segment capturing a significant market share. This product type is used in medical implants, automotive, dental, aerospace, etc. Silicone elastomers are adaptable, has low flammability, durable and has high dielectric strength which make this product type more popular among others.
Reasons to Buy This Report:
1. Specialty Silicone Market size & share forecast by product & application 2018-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Specialty Silicone Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Some of the key market participants in the global specialty silicone market includes Siltech, Momentive Performance Materials, KCC Basildon, Evonik Industries, AB Specialty Silicones, Wynca Group, Trelleborg Sealing, Specialty Silicone Products Inc., NUSIL, Quantum Silicones LLC and Dow Corning Corp. Capacity expansions are a key strategy that market players use to strengthen their positions. For example, in September 2017, Evonik Industries AG completed its construction of the Shangai plant which would produce specialty silicones. AB Specialty Silicone also expanded the capacity of its plant and would make more developments in upcoming years in the Waukegan III plant.
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