Silicones Market will register a CAGR of 6% during 2020-2024. The market’s growth momentum will Accelerate.
Growth of construction industry | Automotive industry driving demand for silicones | Growing demand for silicone elastomers will be one of the major factors driving the growth of this market. Additionally, key Silicones Market trends such as the Growing demand for silicone elastomers will also influence market growth during the forecast period.
Silicones Market Size
During the forecast period, the Silicones Market size will grow by $ 6.20 bn.
Silicones Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Silicones Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Volatility in raw materials | Availability of substitutes | Stringent government regulations will also challenge the growth of the companies.
CHT Group | Dow Inc. | DuPont de Nemours Inc. | Elkem ASA | Evonik Industries AG | Innospec Inc. | Kaneka Corp. | Momentive Performance Materials Inc. | ShinEtsu Chemical Co. Ltd. | Wacker Chemie AG.list
are some of the companies covered in Technavio’s Silicones Market report for 2021-2025.
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Silicones Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Silicones Market.
The APAC will account for the largest Silicones Market share and during 2021-2025, the region will contribute to 41% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Silicones Market report also analyzes the market by Elastomers | Fluids | Resins | Gels and others | Industrial process | Construction | Personal care and consumer products | Transportation | Others | APAC | North America | Europe | MEA | South America.
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