CHICAGO , June 27, 2022 /PRNewswire/ -- According to the new market research report "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 Forecast to 2026", published by MarketsandMarkets™, the global Silicone Market size is expected to grow from USD 16.7 million in 2021 to USD 23.4 billion by 2026, at a CAGR of 7.0% during the forecast period. The major factors driving the silicone industry include the superior properties of the material and its high demand in different end-use industries, such as building & construction, personal care & consumer products, transportation, and electronics. Further, the booming demand from the medical & healthcare industry owing to the COVID-19 pandemic is expected to drive the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=709
Browse in-depth TOC on "Silicone Market" 209 – Tables 40 – Figures 212 – Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/silicone-market-709.html
By type, the elastomers segment is estimated to lead the silicone market in 2020, in terms of value & volume.
The silicone market has been segmented based on type into elastomers, fluids, resins, and gels & other products. Among these types, the elastomers segment accounted for the largest share of the market in 2020 and is likely to witness significant growth during the forecast period. The market growth in this segment is attributed to its increasing use in various products, including voltage line insulators, cooking, baking, and food storage products; undergarments, sportswear, and footwear; electronics; medical devices, and implants; and in household gaskets and O-rings. The physiological inertness of silicone elastomers makes them suitable for use in the healthcare industry, especially for blood transfusions and in artificial heart valves and various prosthetic devices.
By end-use industry, the industrial process segment is estimated to lead the silicone market in2020, in terms of value & volume.
The industrial process is the largest end-use industry for silicone in 2020 in terms of value and volume. Silicones are extensively used in numerous industrial processes. In industrial processes, they are widely used in a plethora of applications such as lubricants, anti-foaming agents in offshore drilling and paper production, industrial coatings, and paint additives. Silicones have become highly popular due to their high-performance characteristics and are replacing other conventional materials in several industrial applications.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=709
The APAC region is projected to account for the largest share in the silicone market during the forecast period.
The APAC region is projected to lead the silicone market in terms of both value and volume from 2021 to 2026. The growth in this region can be attributed to the rapidly increasing demand for silicone from the end-use industries, especially electronics, building & construction, personal care & consumer products, and transportation. Moreover, several silicone manufacturers, such as Wacker Chemie AG (Germany ) and Shin-Etsu Chemical Co. Ltd., (Japan ) are setting up or expanding their manufacturing facilities in this region to leverage low manufacturing and labor costs and high demand from end-use industries, thereby boosting the demand for silicone in the region.
The Dow Chemical Company (US), Wacker Chemie AG (Germany ), Shin-Etsu Chemical Co. Ltd. (Japan ), Elkem ASA (Norway ), Momentive (US), KCC Corporation (South Korea ), Evonik Industries AG (Germany ), Gelest Inc. (US), and Innospec Inc. (US), are the leading silicone manufacturers, globally.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=709
New Product Launch accounted for the largest share of all the strategic developments that took place in the silicone market between 2017 and 2020. Key players such as Wacker Chemie AG, Momentive, Elkem ASA, and The Dow Chemical Company adopted these strategies to enhance their business, market presence, and meet consumer demand.
The Dow Chemical Company (US) is one of the leading players in the silicone market. The company has been focusing on organic strategies such as expansion and new product development to maintain its leading position in the market. For example, In September 2018 , the Dow Chemical Company announced investment plans to meet the demand for silicone and drive innovation. The low capital intensity, high return-on-investment in its upstream and downstream silicone franchise will accelerate innovation and support the global customer demand. This will further boost high growth in markets, such as high-performance buildings, home and personal care, electrical and industrial, consumer goods and components assembly.
Wacker Chemie AG (Germany ) is another major player in the silicone market. In July 2019 , the company launched new silicone additives for thermoplastic polyurethanes (TPUs) under the brand name, Genioplast Pellet 345 during the K 2019 event in Dusseldorf, Germany . In June 2019 , the company expanded its silicone elastomer production in China with an annual capacity of 7,000 metric tons. This expansion will support Wacker's future growth path in China and improve the availability of HCR (High Consistency Rubber) in the APAC region.
Browse Adjacent Markets: Chemicals Market Research Reports & Consulting
Silicone Elastomers Market by Type (HTV, RTV, LSR), By Process (Extrusion, Liquid Injection Molding, Injection Molding), End-Use Industry (Building & Construction, Electrical & Electronics, Automotive & Transportation) & Region - Global Forecast to 2027 https://www.marketsandmarkets.com/Market-Reports/silicone-elastomers-market-6310524.html
PDMS Market by Type (LMW, HMW, UHMW), Form (Elastomers, Fluids, Resins), End-Use Industries (Industrial Process, Building & Construction, Household & Personal Care, Electrical & Electronics, Transportation, Healthcare) and Region - Global Forecast to 2024 https://www.marketsandmarkets.com/Market-Reports/polydimethylsiloxane-pdms-market-35578582.html
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insight: https://www.marketsandmarkets.com/ResearchInsight/silicone-market.asp Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/silicone.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/silicone-market-worth-23-4-billion-by-2026--exclusive-report-by-marketsandmarkets-301575654.html
Endo International plc (NASDAQ: ENDP) announced today that a federal jury in Chicago, Illinois, has returned a verdict in favor of the Company's subsidiaries Endo Pharmaceuticals Inc. and Endo Health Solutions Inc. (collectively Endo), in an antitrust trial.
The super investor still sees opportunities ahead.
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
Shares of Shopify (NYSE: SHOP) plummeted 18.2% this week on several bits of news. First, shares fell earlier in the week when revised GDP figures were released, showing that the economy was slowing down slightly more than expected. Additionally, a new report released yesterday, showing that inflation remains stubbornly high despite the Federal Reserve's efforts to bring it down, is likely weighing down on the stock this week.
The bond market closed early on July 1 ahead of July 4th weekend. Stocks had a rough second quarter driven by inflation and recession fears.
Meta CEO Mark Zuckerberg announced to employees that the social media giant would be scaling back hiring and turning up the heat on its employees.
Shares of Nio (NYSE: NIO), a Chinese electric vehicle company, rose in early trading this morning after it reported strong vehicle deliveries both in June and the most recent quarter. The EV stock was down by 3.4% as of 2:12 p.m. ET. The good news for Nio shareholders today was the fact that the company delivered 12,961 vehicles in June, an impressive 60% increase from the year-ago quarter.
Last late-week rally in the markets quickly faded and this week is ending with declines in the major stock indexes. It’s the classic patter on the dead cat bounce, a brief recovery that is followed by more losses, and it has investors worried that there is no bottom in sight. Writing from the global markets strategy team, where he takes a broader look at the worldwide market situation, JPMorgan’s Marko Kolanovic lays out the headwinds running against US investors: “First and foremost, an unprece
China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus.
(Bloomberg) -- Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsThe Wheels Have Come Off Electric VehiclesStock Doomsayers Vindicated in Historic First Half: Markets WrapHow Europe Became the Epicenter for This Summer’s Travel ChaosAll told, th
The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 1, 2022.
A bear market leaves the S&P 500 with its worst first six months since 1970. Here's what's happened after stocks suffered steep first-half stumbles in the past.
(Bloomberg) -- The Apple Inc. lawyer who was once responsible for enforcing the company’s insider trading policy admitted he used his access to draft SEC filings to personally profit. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAGene
In this article, we discuss 10 defensive stocks that Ken Fisher loves. If you want to skip our detailed analysis of Fisher’s investment philosophy, hedge fund returns, and history, go directly to Ken Fisher Loves These 5 Defensive Stocks. Born in 1950, Kenneth Lawrence Fisher is an American investor, author, and founder of one of […]
The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.
A stock split is a way for a publicly traded company to alter its share price and outstanding share count without affecting its market cap or operating performance. Enacting a forward stock split is a way companies can make their shares more nominally affordable for retail investors who might not have access to fractional-share investing. More importantly, stock splits are viewed as a positive sign by Wall Street and investors.
Shares in this e-commerce company are now significantly cheaper (in price, not valuation). What does this mean for investors?
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
Voyager Digital LLC, the operating platform of Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced it is temporarily suspending trading, deposits, withdrawals and loyalty rewards, effective at 2:00 p.m. Eastern Daylight Time today.
If there’s one common theme connecting the market’s experts, it’s ‘be a contrarian.’ Don’t follow the herd, focus on underlying facts, and don’t be afraid to throw out the conventional wisdom. Or, in a memorable phrase from Warren Buffett, “Be fearful when others are greedy, and greedy when others are fearful.” Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program has always had a talent for swimming against the stream, and he has not shied away from pointing out the stocks that investor