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The global silicone market is expected to reach USD 18.73 billion by 2024, according to a new report by Grand View Research, Inc. Silicone is used extensively in construction, automotive and electronics on account of its low toxicity, flammability, and smoke density; inertness to chemicals & solvents; and oil & fuel resistance.

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Silicone market insights industry growth and outlook to 2024 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Silicone Market Analysis, Share and Size, Emerging Trends,

Growth, Overview And Segment Forecasts To 2024

The global silicone market is expected to reach USD 18.73 billion by 2024, according to a new report by

Grand View Research, Inc. Silicone is used extensively in construction, automotive and electronics on

account of its low toxicity, flammability, and smoke density; inertness to chemicals & solvents; and oil &

fuel resistance. Products in elastomeric forms exhibit low UV degradation and excellent insulation

properties which will promote their usage as electroactive polymers.

Electronics & electrical applications accounted for 18.7% of total market revenue in 2015. Rising

importance of protection against electrostatic discharge (ESD) and electromagnetic interference (EMI) in

electronics sector is expected to play a crucial role in promoting the use of conductive polymers and

thus likely to expand the industry size of silicone rubber.

Browse Detail Report With TOC @ http://www.hexareports.com/report/silicone-market/details

Further key findings from the report suggest:

Silicone fluids reported sales of USD 5.24 billion in 2015, making it one of the most extensively used

product. These products are utilized in the formulation of hydraulic oils, transformer oils, damping

fluids, heat-resistant lubricants and release agents. Rising importance of lubricants as a primary source

of preventive maintenance in the manufacturing sector is expected to promote the usage fluids in lube

formulations.

Elastomers are expected to witness growth at a CAGR of 4.5% from 2016 to 2024, in terms of volume.

Within the silicone elastomers market, RTV is projected to witness volume growth at a CAGR of 5.2%


Silicone market insights industry growth and outlook to 2024 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

from 2016 to 2024. RTV is used for manufacturing cockpit equipment, engine electronics potting, and

engine gaskets on account of on account of exhibiting properties including low shrinkage and good

flowability.

Transportation is expected to foresee volume growth at a CAGR of 4.4% from 2016 to 2024. Rising

demand for lightweight materials in automobiles is expected to promote the use of conductive silicone

products in the form of wires and cable insulation. Increasing vehicle production in the U.S., Germany,

UK, China, and Japan is expected to result in high demand for silicone products in these markets over

the projected period.

Asia Pacific is expected to foresee a volume growth at a CAGR of 5.3% from 2016 to 2024. Rapid

industrialization in emerging economies including China and India is likely to result in high demand for

silicone products for the development of numerous end-products. Furthermore, rising construction

spending in China, India, Thailand, Indonesia, Malaysia, and Vietnam is expected to upscale the

requirements of the product in the form of sealants, gaskets, and rings over the forecast period.

Major silicone manufacturers include Dow Corning, Wacker, Momentive, and Shin-Etsu. The majority of

companies are expected to target their products aimed at electronics industry on account of increasing

importance of electroactive materials.

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Table Of Content

Chapter 1 Methodology And Scope

1.1 Research Methodology

1.2 Research Scope & Assumptions

1.3 List of Data Sources

1.4 List of Abbreviations

Chapter 2 Executive Summary

Chapter 3 Market Summary

Chapter 4 Market Variables, Trends & Scope

4.1 Market segmentation & scope

4.2 Penetration & growth prospect mapping

4.3 Value chain analysis

4.4 Regulatory Framework


Silicone market insights industry growth and outlook to 2024 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

4.5 Silicone market dynamics

4.6 Silcone market Porter's analysis

4.7 Silicone - PESTEL Analysis

4.8 Price trend analysis, 2013 - 2024

4.9 Raw material prices

4.10 Raw material analysis, 2013 - 2024

Chapter 5 Market Categorization 1: Product Estimates & Trend Analysis

5.1 Product Movement Analysis & Market Share, 2015 & 2024

5.2 Fluids

5.3 Gels

5.4 Resins

5.5 Elastomers

5.6 Others

Chapter 6 Market Categorization 2: Application Estimates & Trend Analysis

6.1 Application Movement Analysis & Market Share, 2015 & 2024

6.2 Electrical & Electronics

6.3 Transportation

6.4 Construction

6.5 Personal Care & Pharmaceuticals

6.6 Textiles

6.7 Others

Chapter 7 Market Categorization 3: Regional Estimates & Trend Analysis, by Product & Application

7.1 Regional Movement Analysis & Market Share, 2015 & 2024

7.2 North America

7.3 Europe

7.4 Asia Pacific

7.5 Latin America

7.6 MEA

Chapter 8 Competitive Landscape

8.1 Company Market Share Analysis

8.2 Vendor Landscape

8.3 Competitive Environment

8.4 Company Market Positioning

8.5 Strategy Framework

Chapter 9 Company Profiles

9.1 Shin-Etsu

9.2 Silchem, Inc.

9.3 Silteq Limited

9.4 Wacker-Chemie GmbH


Silicone market insights industry growth and outlook to 2024 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

9.5 ICM Products, Inc.

9.6 Specialty Silicone Products Incorporated

9.7 Penta (ITW Performance Polymers & Fluids)

9.8 Evonik Industries AG

9.9 SILTEQ (GB Silicone Technology)

9.10 Hutchinson

Browse Full Report @ http://www.hexareports.com/report/silicone-market/details

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom

research and consulting services to a host of key industries across the globe. We offer comprehensive

business intelligence in the form of industry reports which help our clients obtain clarity about their

business environment and enable them to undertake strategic growth initiatives.

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