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Analysis of the Global Silicone Market - Forecast to 2024: Demand from Asia to Drive Global Growth - ResearchAndMarkets.com

January 3, 2019

DUBLIN--(BUSINESS WIRE)--Jan 3, 2019--The “Analysis of Global Silicone Market, Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The increasing focus on light-weighting by automotive OEMs has triggered new opportunities for silicone.

The average plastic content of a vehicle has increased considerably over the years, and silicone is an important additive used to improve plastic’s performance. Moreover, miniaturization of automotive components has led to higher demand for silicone products in under-the-hood applications.

Growing consumption of silicone per vehicle, coupled with the high growth in vehicle production itself, is an encouraging prospect for the silicone market. Growing demand for renewable energy, particularly solar and wind, is another major influencing factor for the silicones market in spite of their comparatively low demand share.

APAC is by far the largest consumer of silicone and presents the most lucrative opportunity for future growth. The North American market is witnessing an economic revival along with a significant improvement in production. Since most end-user applications such as automotive, construction, and industrial processes are related to the economic well-being and growth of an economy, the market is expected to grow at a moderate pace.

The Western European market will likely post a slower growth rate than the North American market over the short term due to sluggish economic growth seen in the region. However, the absolute demand growth in the European market is likely to surpass the North American market.

Growth Opportunities

Product Development to Capture New Application Markets and Product Differentiation Capacity & Capability Improvement to be Future Ready Expansion in the APAC Region to Gain Market Proximity

Key Topics Covered

1. Executive Summary

2. Market Overview

3. Drivers and Restraints - Total Silicone Market

4. Forecasts and Trends - Total Silicone Market

5. Market Share and Competitive Analysis - Total Silicone Market

6. Growth Opportunities and Companies to Action

7. Mega Trends and Industry Convergence Implications

8. CEO’s 360 Degree Perspective on the Silicone Market

9. Transportation Segment Analysis

10. Electronics Segment Analysis

11. Construction Segment Analysis

12. Medical Segment Analysis

13. Personal Care & Consumer Products Segment Analysis

14. Special Systems Segment Analysis

15. Energy Segment Analysis

16. Industrial Process Segment Analysis

17. The Last Word

Companies Profiled

ACC Silicones Ashland DowDuPont Elkem KCC Kaneka Momentive NuSll Shin-Etsu Wacker Chemie

For more information about this report visit https://www.researchandmarkets.com/research/l954w4/analysis_of_the?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190103005349/en/

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Related Topics:Silicones

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/03/2019 07:50 AM/DISC: 01/03/2019 07:50 AM

http://www.businesswire.com/news/home/20190103005349/en

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