Northbrook, IL -- (SBWire) -- 08/29/2019 --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 Forecasts to 2022", is witnessing growth due to the efficient and sustainable properties of silicone which makes them suitable for use in various end-use industries. The growing demand for silicones in emerging clusters of Asia Pacific and the Middle East & Africa regions is also an important factor driving the silicone market.

Browse 109 Market Data Tables and 42 Figures spread through 152 Pages and in-depth TOC on "Silicone Market - Global Forecasts to 2022"

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Silicone Elastomers: The largest segment of the silicone market by type
Silicone elastomers was the largest segment of the global silicone market, by type in 2016, followed by fluids. This segment holds the maximum market share due to the increasing use of silicone elastomers in construction and automotive & transportation industries. Their wide scale applicability as Liquid Silicone Rubber (LSR), a part of silicone elastomers in manufacturing medical devices, is also expected to drive their demand globally.

Industrial process: The largest end-use industry of the silicone market
Industrial process was the largest segment of the global silicone market, by end-use industry, in 2016. This large share is attributed to the fact that silicones provide high durability and resistance in industrial coatings and improve the performance of lubricants. Their resistance to high pressure, high temperature, and chemical reactions is also ideal for industrial processes. In industrial processes, Room Temperature Vulcanization (RTV) sealants made from silicone provide reliable performance to avoid downtime and safety issues. Due to the aforementioned factors, industrial process is the largest end-use industry for silicone.

Asia Pacific: The largest silicone market, by region
The Asia Pacific region was the largest market for silicone, in terms of value and volume, in 2016. The large market size of the Asia Pacific region is due to the manufacturing facilities being shifted by large players from mature markets such as Europe and North America to Asia Pacific. Large players prefer investing in this region due to the provision of a wide range of market penetration opportunities in major end-use industries such as building & construction, transportation, personal care & consumer products, industrial process, electronics, medical & healthcare, energy, and so on. Abundant availability of raw materials and consumers as well as affordable labor is also attracting market players to establish their production facilities in the region.

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Silicone manufacturers, such as Dow Corning (US), Wacker (Germany), Momentive (US), Shin-Etsu (Japan), Elkem (Norway), Evonik (Germany), KCC Corporation (South Korea), Gelest (US), NuSil Technology (US), and Specialty Silicone Products (US)) are covered in the report.

The objectives of the study are:
- To analyze and forecast the global silicone market, in terms of value and volume
- To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market on the basis of type and end-use industry
- To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific, North America, Middle East & Africa, and South America
- To estimate and forecast the silicone market at country-level in each of the regions
- To analyze the market opportunities and competitive landscape of the stakeholders and market leaders
- To analyze the competitive developments such as new product launches & developments, expansions, mergers & acquisitions, and joint ventures & partnerships in the silicone market
- To strategically identify and profile the key market players and analyze their core competencies*

Major Market Developments
- In October 2017, Wacker launched a diverse range of new polymer- and silicone-based products for the coating, adhesive and print industries at ABRAFATI 2017. These new range of products was launched to help the company establish its foothold for industrial coatings in the South American market.
- In August 2017, Wacker expanded its technical center in Dubai and included two new labs for polymers and silicones applications. This expansion strengthened the company's presence in the Middle East & Africa and its position as one of the leading manufacturers of silicones and polymers in the region.
In August 2017, Shin-Etsu planned to expand its silicone production capacity at the Akron plant in Ohio for its group company, Shin-Etsu Silicones of America (SESA), which is primarily involved in the manu

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