The Asia-Pacific region, followed by Europe and North America, garnered the major share in 2018, holding nearly one-third of the global silicone market. The same province is also projected to register the fastest CAGR of 22.9% during 2019–2026. Factors such as high spending on infrastructural development, largest automotive manufacturing base in China, rise in electronics …
Tag Archives: Elastomers
Silicone Market Growth Outlook Seems Modest With a CAGR of 22.5% During 2019-2026
The global silicone industry market was estimated at $18.2 billion in 2018 and is anticipated to register $91.4 billion by 2026, registering a CAGR of 22.5% during the forecast period. Drivers, restraints & opportunities- Increase in demand for silicone across various end-user industries and rise in adoption of waterborne coatings fuel the growth of the global silicone market. On the …
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