Global Silicone Market is Projected to Reach $20.3 Billion by 2020

Date: 2016-01-28

The global silicone market is projected to reach a market size of $20.3 Billion by 2020, at a CAGR of 6.0% from 2015 to 2020

Asia-Pacific is the biggest as well as the fastest-growing market for silicones, accounting for a significant share of around 41.4% of the global market in 2014. The market patterns of silicones and its various products are continuously showing an upward trend, which is mainly due to the growth in the building & construction and chemical industries in Asia-Pacific.

The global silicone market is dominated by the elastomers and fluids segments, together accounting for over 81.5% of the overall market in 2014. Silicones possess superior properties and characteristics which are extremely useful in the automotive, construction, medical & personal care, and electrical & electronics industries that are witnessing significant growth especially in China and India.

The overall outlook for the global silicone market is attractive with demand expected to be strong in the near future.

Companies Mentioned:

3M Company
Arkema SA.
Ashland Inc.
BASF SE
Bluestar Silicones
Chase Corporation
Emerald Performance Materials Llc
Evonik Industries AG
Gelest Inc.
ICM Products
Jiangsu Hongda New Material Co. Ltd
Jiangxi Xing Huo Organic Silicon Factory
KCC Corporation
Kaneka Corporation
Momentive Performance Materials Inc.
Nusil Technology
Rogers Corporation
Saint-Gobain
Shin-Etsu Chemical Company
Specialty Silicone Products Inc.
The DOW Corning Corporation
The Sherwin-Williams Company
Wacker Chemie AG
Zhejiang Xinan Chemical Industry Group Co. Ltd

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