[ad_1]
According to the new market research report by IMARC Group, the global silicones market size reached US$ 13.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.77 % during 2023-2028.
Silicones, or polysiloxanes, are polymeric, synthetic materials that are formulated from siloxanes. They are odorless, water repellent, resistant to chemical attack, and have high oxidation and temperature stability. Owing to these properties, they are widely used in lubricant, grecant and biomedical implants. As silicones help fabrics retain their shape and texture, as well as provide resistance to abrasion, they are also being used to design sportswear that is lightweight, durable, water repellent and high performing.
Request to get sample of this report: https://www.imarcgroup.com/silicones-market/requestsample
Competitive Landscape:
Some of the major players operating in the industry include
Dow Chemical Company
Wacker Chemie AG
Shin-Etsu Chemical Co., Ltd.
Momentive Performance Materials Inc.
Elkem ASA
What are the major market drivers in the Silicones market?
Over the years, there has been an increase in the usage of silicones for the production of sealants, thermal and electrical insulation, and adhesives owing to their rubber-like quality and heat-resistant nature. Besides this, silicone polymers are non-greasy, Do not cause skin irritation and have low surface tension, smooth feel, and anti-foaming properties.
As a result, they are incorporated in personal care products and cosmetics, such as sun care products, antiperspirants, creams and conditioners. As compared to their petrochemical-based counterparts, products manufactured using silicones generate less carbon ethylene oxide, This has, in turn, augmented their demand from numerous end use industries, such as electronics, paints, construction and food. Some of the factors that have positively influenced the growth of the market include increasing infrastructure development, along with the expansion of production facilities in emerging markets.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/silicones-market
The report has segmented the market into the following categories:
Breakup by Product Type:
Elastomers
Fluids
Gels
Resins
Breakup by Application:
Industrial Processes
Construction Materials
Home and Personal Care
Transportation
能源
Healthcare
Electronics
Others
By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Contact Us
30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
This release was published on openPR.
[ad_2]
Source link