Surge in demand for silicone across various end-user industries and increase in adoption of waterborne coatings supplement the growth of the global silicone market. Based on geography, the Asia-Pacific region contributed the largest share in 2018. Based on end user the building & construction segment accounted for the highest market share in 2018.
The global silicone market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The silicone market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.
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The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The silicone market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the silicone market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the silicone market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The market is divided into building & construction, transportation, personal care & consumer goods, energy, electrical & electronics, paper, textile, and others. The building & construction segment accounted for the highest market share by contributing nearly one-fourth of the global silicone market revenue in 2018 and is estimated to dominate during the forecast period. However, the transportation segment would register the fastest CAGR of 23.2% throughout the study period.
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The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region contributed the largest share in 2018, accounting for nearly one-third of the global silicone market. The region is also projected to register the fastest CAGR of 22.9% from 2019–2026.
Other players in the value chain of the silicone market include CSL Silicone Inc., Reiss Manufacturing, Inc., CHT Group, Silchem, Inc., Silteq Limited, Allergan, Ashland Incorporated, Saint-Gobain, Roger Corporation, Primasil Silicone, Sivance, and others.
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