Growth in the world silicones market will total 5.7% annually through 2019 in value terms. Gains will be fueled by strong demand for silicones in the Asia/Pacific region, particularly in China. In addition, the rising penetration of silicones into applications such as adhesives, sealants, and rubber products will boost overall sales.
This report segments the world silicones industry by Product, Market, and Region. Data is provided in million US dollars.
Major silicone products include:
Elastomers will remain the largest and fastest growing of these through 2019. Growth will be aided by increased construction activity in Western Europe and North America.
Major silicone markets include:
• Electrical & Electronic
• Health & Personal Care
Electrical and electronic was the leading outlet in 2014. The most rapid gains through 2019 are forecast for the construction market, fueled by heightened construction spending in developed and developing regions.
World regions and countries covered in the study include:
• North America (US, Canada, Mexico)
• Western Europe (Germany, France, Italy, United Kingdom, Spain)
• Asia/Pacific (China, Japan, South Korea, India, Taiwan)
• Central & South America (Brazil)
• Eastern Europe (Russia, Poland)
The Asia/Pacific region will see the strongest advances among world regions through 2019. Continued strong growth in China’s construction and manufacturing industries will drive silicone gains.
The world silicones industry is highly concentrated. Key producers include China National Bluestar Group, Dow Corning, Evonik Industries, KCC Silicone, Momentive Performance Materials, Shin-Etsu Chemical, and Wacker Chemie.