According to the latest report by IMARC Group, titled “Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global silicones and siloxanes market size reached a value of US$ 15.1 Billion and US$ 8.8 Billion in 2021. Siloxanes are a class of chemical compounds composed of recurring silicon-oxygen (Si-O) bonds that occur in either linear or cyclic form. They are physiologically inert, highly stable and have lubricating properties. Dodecamethylcyclohexasiloxane, decamethylcyclopentasiloxane and polydimethylsiloxanes are some of the commonly used siloxanes. On the other hand, silicones are polymers produced using repeated units of siloxanes. They find application in a wide array of industries on account of their advantageous characteristics, such as resistance to moisture, flexibility, inertness, stability, and permeability to gases.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Silicones and Siloxanes Market Trends:
Cyclic siloxanes and silicone polymers find extensive application in the personal care sector as a solvent in make-up, deodorants, hair, and skin and sun care products. This, in confluence with the growing awareness about personal grooming, represents one of the key factors driving the market. Moreover, siloxanes are utilized as an oil-substitute for preparing low-calorie food products in the food and beverage (F&B) industry. Apart from this, silicones offer durable and weather- and ultraviolet (UV)-resistant seal with excellent adhesion, which are widely used in the production of construction materials and polyurethane foam for increasing building insulation and energy efficiency. Furthermore, the burgeoning construction industry and increasing infrastructural developments in various countries across the world are anticipated to propel the market growth. Looking forward, the global siloxanes market will expand at a CAGR of about 7.3%, whereas the silicones market will register a CAGR of around 7.7% during the forecast period (2021-2026).
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Key Market Segmentation:
Competitive Landscape With Key Players :
- The Dow Chemical Company
- Wacker Chemie AG
- Momentive Performance Materials Inc.
- Shin-Etsu Chemical Co., Ltd.,
- Elkem ASA
Market Breakup by type:
Market Breakup by Application
- Industrial Applications
- Construction Materials
- Home and Personal Care
On the other hand, the siloxanes market has been divided into
- Other applications.
Presently, a significant part of siloxanes is used in the production of silicones.
Market Breakup by Region:
- Asia Pacific
- North America
- Central and South America
- Middle East and Africa.
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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