Silicones Market Size, Share, Price, Trends, Growth, Analysis, Key Players ExpertMarketResearch.Com
Products produced using silicones produce less carbon dioxide, along with other greenhouse gases, than their counterparts based on petrochemicals.
By: Expert Market Research
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): 6.7 Million Metric Tons (Production Volume)
• Forecast CAGR (2020-2025): 5% (Demand)
• Forecast Market Size (2025): 4 Million Metric Tons (Demand)
The rising demand for cosmetics globally is enabling the silicones market to expand. Because silicone-based materials, such as sealants, adhesives, and protective coatings, are solid, durable, and resistant to weather, they are widely used in construction activities.
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Industry Definition and Major Segments
On the basis of types, the industry is divided into:
Based on applications, the market is segmented into:
• Industrial Process
• Construction Materials
• Home and Personal Care
Key Market Players
The major players in the market are Elkem Silicones, Dow Chemical Company, Wacker Chemie AG, Shin-Etsu Chemical Co., Ltd., and Ferroglobe PLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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