Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Silicones Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | © 2019 IMARC All Rights Reserved IMARC Group
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Report Description Report Description and Highlights Global Silicones Market Research Report: The latest report by IMARC, titled “Silicones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global silicones market size reached US$ 13.7 Billion in 2022. Silicones are a group of synthetic polymers composed of repeating units of silicon, oxygen, carbon, and hydrogen atoms. They are widely recognized for their remarkable properties and have found extensive applications across various industries. One of the defining characteristics of silicones is their exceptional temperature resistance. They can withstand both high and low temperatures without losing their physical properties, making them ideal for use in extreme environments, such as aerospace, automotive, and electronic applications. Another prominent feature of silicones is their excellent flexibility and elasticity. These materials can be stretched and compressed without permanent deformation, making them ideal for applications that require resilience, like gaskets and seals. Silicones also possess outstanding water repellency and resist moisture, making them well-suited for use in water-resistant coatings, sealants, and electronic encapsulants. Their resistance to degradation from exposure to water and moisture contributes to their durability and long-lasting performance. Additionally, silicones are chemically inert and biocompatible, making them safe for use in medical and healthcare products. They find applications in medical implants, wound dressings, and personal care items due to their non-toxic and hypoallergenic nature. Their ability to withstand high voltages and maintain stable dielectric properties makes them essential in the manufacturing of electrical connectors and insulators. Request Free Sample Report: https://www.imarcgroup.com/silicones-market/requestsample
Report Description Report Description and Highlights Global Silicones Market Trends: The rising significance of advanced material science and the growing demand for versatile solutions in various industries are key drivers propelling the market growth of silicones. Moreover, the advancement in material science plays a crucial role in unlocking the full potential of silicones, thereby influencing the market growth. In addition to this, silicones' unmatched thermal stability and electrical insulation properties are particularly valuable, leading to increased demand in energy-efficient solutions and electrical applications. In line with this, industries seek greener alternatives, silicones find extensive use in renewable energy applications, contributing to the global sustainability efforts. Besides this, the surge in the utilization of silicones in thermal management systems is driving the market growth. Additionally, the need for efficient heat dissipation and temperature regulation in various sectors, such as construction, HVAC systems, and cooling applications, highlights the importance of silicones in modern engineering. Furthermore, companies and governments are prioritizing detailed energy storage and environmental responsibility, are creating a positive market outlook. Other factors, such as investments in research and development (R&D) and innovations in silicone technology are driving the market growth of silicones across the globe. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, expanding at a growth rate (CAGR) of 5.77% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Report Description Report Description and Highlights Key Market Segmentation The research report includes the following segments: Breakup by Product Type: •Elastomers •Fluids •Gels •Resins Breakup by Application: •Industrial Processes •Construction Materials •Home and Personal Care •Transportation •Energy •Healthcare •Electronics •Others
Report Description Report Description and Highlights Breakup by Region: •North America •Europe •Asia Pacific •Latin America •Middle East and Africa
Competitive Landscape with Key Players: • Dow Chemical Company • Wacker Chemie AG • Shin-Etsu Chemical Co. Ltd. • Momentive Performance Materials Inc. • Elkem ASA View Full Report with TOC & List of Figure: https://www.imarcgroup.com/silicones-market Report Description Report Description and Highlights
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Report Description Report Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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