The global silicone market is set to exhibit a CAGR of 5.4% during the forecast (2017-2026).
Albany, NY -- (SBWIRE) -- 01/12/2018 -- This research report offers a comprehensive analysis of the "Silicone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2026" The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Silicone finds application in a wide range of products right from medical to cosmetics and construction to automotive. The malleable characteristic of the product makes it a fitting raw material for manufacturing gel, sealants, lubricants and electrical & thermal insulation. The bond energy of a silicon-silicon bond is significantly high, making it extremely stable and resistive to diverse influences. Since silicone do not carry any major environmental threat, the product can be easily integrated in industrial manufacturing. Over the next couple of years, global silicone demand is expected to display an upward trend. This is primarily owing to the growing use of the product in the construction sector. Silicone sealants are used for finishing joints, fill cavities and other gaps and prevent moisture. Large scale infrastructural projects that are being undertaken particularly in emerging economies is partly fuelling the demand for silicone. Countries such as Brazil, China and India present lucrative market opportunities spurred by the bolstered end-user industries in these countries. Moreover, silicone is emerging as a better alternative to plastics for manufacturing various consumer goods as the product is environmentally viable. Factors as such are reflecting favourably on the global silicone market. Transparency Market Research (TMR) in its latest report reveals that the global silicone market is set to exhibit a CAGR of 5.4% during the forecast (2017-2026).
Asia Pacific excluding Japan (APEJ) to Spearhead the Global Silicone Market Over 2026
Robust infrastructural development and healthy expansion of various end-user industries is making positive influence on the region's silicon market. In terms of revenue, the APEJ is expected to lead the global silicone market during the forecast period. Between 2017 and 2022, the APEJ silicone market is projected to witness a CAGR of 5.8%. Meanwhile, North America and Europe are also expected to present growth opportunities for vendors operating on a global level. The vast application potentials of the product is likely to boost its popularity in among various large scale industries existing in these regions.
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Silicone Fluids & Emulsions will continue to Witness Strong Sales Through 2026
Silicones fluids & emulsions are finding application in various industries including pharma, textile and healthcare among others owing their exceptional resistant to heat and electromagnetic radiation. In addition, silicone fluids are tasteless, transparent, and odorless with no known harmful effects. Global sales of silicon fluids & emulsions currently command for 42% revenue share of the global market. Towards the end of assessment period, more than US$ 8,900 Mn worth silicon fluids & emulsions is estimated to be sold across the globe.
High Preference for Silicone in Performance Additives/Functional Ingredients Manufacturing
Various types of functional ingredients are being prepared using various silicone combinations that include, quaternary compounds, esters and proteins. By 2017-end, over US$ 4,500 Mn worth silicone is expected to be used for preparing performance additives/functional ingredients. In terms of revenue, global sales of silicone based performance additives/functional ingredients currently command for nearly one-third share of the global silicone market, which is expected to witness a slight drop by 2026-end.
Some of the prominent companies operating in the global silicone market include AGFA Healthcare, Aquilab, Carestream Health, Inc., Esaote S.P.A, General Electric Company (GE), Image Analysis, INFINITT Healthcare Co, Ltd., Koninklijke Philips N.V., Merge Healthcare Incorporated, Mim Software, Inc., Mirada Medical Limited, Sciencesoft USA Corporation, Siemens Healthineers, Toshiba Medical Systems Corporation and Xinapse Systems Ltd.
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