MarketsandMarkets: Global Silicones Market Worth $19.4 Billion by 2017
DALLAS, September 4, 2012 /PRNewswire/ –
The report “Global Silicone Market by Type, Application & Geography – Forecasts up to
2017″ defines and segments the global silicone market with analysis and forecasting of the
global volumes and revenues for silicones. It also identifies driving and restraining
factors for the global silicone market with analysis of trends, opportunities, winning
imperatives, and challenges. The market is segmented and revenues are forecast on the
basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the
World (ROW). The key countries are covered and forecast for each region. Further, market
is segmented and revenues are forecast on the basis of applications and product types.
Browse 112 market data tables/figures spread through 384 pages and in-depth TOC on
“Global Silicone Market by Type, Application & Geography -Forecasts up to 2017″.
http://www.marketsandmarkets.com/Market-Reports/silicone-market-709.html Early buyers
will receive 10% customization on reports.
The market for silicones is being driven by the growing end-user industries and
rapidly developing emerging economies such as China, India, and Brazil. Silicones possess
a wide range of physical and chemical properties. These materials are characterized by low
surface tension, chemical inertness, excellent water repellency, good electrical
properties and weather ability, etc. Owing to the superior properties and attributes of
silicones, its products are stronger, user-friendly, durable, more stable, and more
visually pleasing. The strong performance attributes of silicones enable their application
across a host of industries such as construction, chemical industry, automotive,
electronics, personal care, medical, etc.
Building and construction is the largest end-use application for silicones. The
extensive usage of silicones in adhesives, sealants, coatings, caulks, etc. which are
widely used in the building and construction industry is expected to drive the consumption
growth of silicones in this industry. The rising demand from the rapidly growing medical
and personal care, and automotive and transportation markets are also expected to help the
Asia-Pacific is a highly attractive market and presents a huge opportunity for the
market players as the population becomes more capable of affording the sophisticated
products offered by them. The rising living standards, growing household incomes and an
expanding middle class in the rapidly emerging economies of Asia-Pacific are fuelling
demand for high-quality products containing silicones. China is the most attractive market
in Asia-Pacific with enormous potential and massive growth opportunities.
The global silicones market
[http://www.marketsandmarkets.com/Market-Reports/silicone-market-709.html ] in terms of
revenue was estimated to be worth $13,080.0 million in 2011 and is expected to reach
$19,424.0 million by 2017, growing at a CAGR of 6.8% from 2012 to 2017. Asia-Pacific
dominates the global silicone market, accounting for 40.1% of the overall market in 2011.
The growth in the Asia-Pacific market is expected to be fuelled by countries like China
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