Silicone Market worth $27.0 billion by 2027 – At a CAGR of 7.8%

The 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), and Region – Global Forecast to 2027″, is approximated to be USD 18.5 billion in 2022, and it is projected to reach USD 27.0 billion by 2027, at a CAGR of 7.8%. Factors such as Superior properties of silicone which make it useful in various end-use industries and rapidly growing electronics industry are positively driving the growth of the silicone market. Furthermore, rising adoption of Structural Silicone Glazing (SSG) across the world in the commercial facade business drive the market growth.

 Download PDF Brochure Browse•  355 Market data Tables•  40 Figures•  273 Pages and in-depth TOC on “Silicone Market – Global Forecast to 2027″  Some of the prominent key players are: ·         The Dow Chemical Company (US)·         Wacker Chemie AG (Germany)·         Shin-Etsu Chemical Co. Ltd. (Japan)·         Elkem ASA (Norway)·         Momentive (US)·         Evonik Industries AG (Germany)·         Gelest Inc. (US) 

Driver: Superior properties of silicone and high demand for silicone in the electronics industry are the major drivers of the silicone market. 

Silicones are one of the most versatile products used in a wide range of industries. Silicone is best suited for use in temperatures higher than 100 °C (the limit of most other rubbers). Silicone rubber is non-toxic and used in food applications. The superior properties of silicones make them suitable for use in seals and gaskets that need to be steamed or sterilized. They are also used in the electrical & electronics industry due to their excellent electrical resistance. Silicone is also used as insulation materials in various electronic components such as computers, televisions, and aircraft video displays protecting them from dust, dirt, and heat.

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