Silicones are polymers that are synthetic materials made of siloxanes which are of silicon atoms and oxygen atoms; they are commonly used as heat resistant, rubber and also in medicine, cooking, lubricants, utensils. Specialty SiliconeMarket is accounted for USD XX billion in 2017 and expected to grow at a CAGR of X% to reach USD XX billion by 2024.
The Specialty Silicone market is segmented by type, end user, and geography. By end users, the largest share is in Asia-Pacific because of the betterment of the infrastructure and rise in demand for power.
Specialty Silicone Market Size:
The renovation of infrastructure, rising demand purchasing power, and automobiles including the massive presence of speciality silicone vendors, has driven the marketplace for speciality silicone in Asia-Pacific. In the forecast period North America, Europe, and Middle East & Africa are going to have the highest growth rate in the market
The market for specialty
Specialty SiliconeMarket is segmented on the basis of type, end user, and geography. In this categorization, the growth of the market is driven by end-user segment classified into personal care & consumer products, electronics, energy, medical & healthcare and construction.
Speciality Silicones are primarily used in personal care, electronics, medical & healthcare are required, for instance, in the automobile industry, manufacturing of consumer goods and growing demand for power have further increased the demand for speciality silicones across different verticals and its predominant in Asia-Pacific.
Evonik Industries AG has completed acquiring the speciality additives business of the US-based company Air Products, Inc. in January
Bluestar Silicones integrated with two Chinese entities and renamed it as Elkem Silicones, into the Elkem group in March 2017.
Starting from $2700
Starting from $2700
Starting from $2700
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