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Silicone market growing at 6 percent, with Asia-Pacific leading global growth
Editor:Lisa Tan  Post Time:2015-11-13  Click:

Silicone market growing at 6 percent, with Asia-Pacific leading global growth

     Hunan Yixiang Technology Co. Ltd is a professional R&D and manufacturer of plastic and rubbers additives with a long history of 30 years.The company has three core products: peroxide crosslinking agent BIPB (2000 t/a, CAS No.:25155-25-3), crosslinking co-agent TAIC (8000 t/a, CAS No.:1025-15-6) and flame retardant TBC (2000 t/a, CAS No.:52434-90-9). Hunan Yixiang Tech. is the third largest BIPB manufacturer and the largest TAIC manufacturer in the world, which also produces and sells a series of other organic peroxides and plastic and rubber additives.

 

The building and construction application is the fastest-growing end-use industry of silicones according to ReportsnReports. Asia-Pacific and Europe are currently the largest silicone markets for the building and construction application that accounted for a share of about 40.2 percent and 29.5 percent of the total silicone market size in 2014. To meet this growing demand, key manufacturers from Asia-pacific and Europe are now focusing on the North American silicone market. The demand for silicone in this region is projected to register a CAGR of 6.8 prcent by volume between 2015 and 2020. An increase in the demand for silicones in composite applications has been observed in the Asia-Pacific region due to its low prices and wide variety of applications. Also, production facilities of silicones are majorly concentrated in Asia-Pacific which is driving the continuous growth and innovation in the silicone market, this market is projected to ascertain a significant growth in the coming years. The report estimates the market size of silicone for 2015 and projects the demand of the same by 2020. The market research study provides a detailed qualitative and quantitative analysis of the silicone market. Various secondary sources have been used, such as encyclopedia, directories, and databases to identify and assemble information useful for this extensive commercial study of the silicone market. The primary sources including experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the silicone market. Order a copy of Silicone Market by Type (Elastomers, Fluids, Resins, Gels & Other Products) by Application (Building & Construction, Chemical Industry, Medical & Personal Care, Automotive & Transportation, Plastics, Electrical & Electronics, Textile, Paper, Others) & by Region - Global Trends & Forecasts to 2020 market research report. The key companies of silicone market discussed in this research include 3M Company, Ashland Inc., BASF SE, Bluestar Silicones, Arkema SA., Chase Corporation, ICM Products, Emerald Performance Materials Llc, Evonik Industries AG, Gelest Inc., Jiangsu Hongda New Material Co. Ltd, Jiangxi Xing Huo Organic Silicon Factory, Kaneka Corporation, KCC Corporation, Momentive Performance Materials Inc., Nusil Technology, Rogers Corporation, Saint-Gobain, Shin-Etsu Chemical Company, Specialty Silicone Products Inc, The DOW Corning Corporation, The Sherwin-Williams Company, Wacker Chemie AG and Zhejiang Xinan Chemical Industry Group Co. Ltd. On a related noted Silicone Fluid Market by Type (Straight Silicone, and Modified Silicone), and by End-Use Industry (Agriculture, Energy, Home Care, Personal Care, Textiles, and Others) - Global Forecast to 2020 research report says global market size by value of silicone fluid was estimated to be $5.2 billion in 2015 and is projected to grow at a CAGR of about 5.62 percent between 2015 and 2020. The data mentioned in the report are based on the global demand for silicone fluid. The key companies in Silicone Fluid market are Momentive Performance Materials Inc., Wacker Chemie Ag, Dow Corning Corporation, Shin-Etsu Corporation, KCC Basildon, Gelest Inc., ACC Silicones. And Siltech Corporation.

 

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