Silicone Market is Anticipated To Reach USD 16760 Million By 2029, Witnessing A CAGR of 3.3% | Valuates Reports
BANGALORE, India, May 3, 2023 /PRNewswire/ -- Silicon market is segmented by Type - Elastomers, Fluids & Emulsions, Resins, Gels, Segment by Application - Health Care, Automotive, Construction, Energy and Electronics, Consumer Care, Performance Additives/Functional Ingredients, Others. Global Opportunity Analysis and Industry Forecast 2023-2029. It is published in Valuates Reports under the Chemicals Industry Category.
The global Silicone market was valued at USD 12930 million in 2022 and is anticipated to reach USD 16760 million by 2029, witnessing a CAGR of 3.3% during the forecast period 2023-2029.
Major Factors Driving The Growth Of The Silicone Market
The silicone market is primarily driven by silicone's superior characteristics and strong demand in the electronics sector. Furthermore, the increasing adoption of silicon in the healthcare industry is expected to fuel the silicone market. Silicone elastomers with antimicrobial properties are widely used across the healthcare industry.
The Silicone Market is expected to increase as a result of rising demand from the industrial process as well as rising use in the transportation and building & construction industries.
Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-2Z8918/global-silicone
TRENDS INFLUENCING THE GROWTH OF SILICONE MARKET
High-performance applications, particularly in hostile situations where conventional polymeric materials may fail, require silicone elastomers. They are particularly well suited to insulating and safeguarding electronic equipment, including high-voltage lines, because of their dielectric characteristics and thermal resistance. These goods will keep their elastomeric characteristics, such as their excellent resistance to ripping and/or extremely high elongation before the breaking point. Additionally, safe for human use and resistant to the high temperatures needed for sterilization, silicone elastomers are perfect for medical applications. This factor is expected to drive the growth of the silicone market.
The frequency of hospital-acquired infections (HAIs) is rising internationally despite preventive measures, necessitating the development of new preventive methods to lower infection rates. Medical-grade silicone elastomers are approved for use in the healthcare sector and have passed biocompatibility tests. There is little chance of unfavorable biological interactions when silicone elastomers are utilized in medical applications. Silicone has become more widely accepted in food and medicinal applications due to its lower toxicity. This factor is expected to drive the growth of the silicone market.
Due to its weather resistance, extreme stability, and inert & high water-repelling qualities, silicone is extensively employed in the building industry. In both residential and commercial structures, it is used with a variety of materials, including marble, glass, concrete, aluminum, steel, and plastics. Additionally, they are employed in the building of industrial buildings, bridges, pipelines, oil rigs, and highways. Global demand for infrastructure development and building has increased as a result of increasing urbanization, rising population, and rapid industrial growth. This factor is expected to drive the growth of the silicone market.
Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-2Z8918/Global_Silicone_Market
SILICONE MARKET SHARE ANALYSIS
Demand for the silicone market is driven by increasing investment in the electronics industry across the world especially in the Asia Pacific region. Silicones are also used across sectors in numerous specific products, including electronic chips, semiconductors, printed circuit boards (PCBs) and electronic control units (ECUs), LED devices, and various information & communications technology (ICT) equipment, such as mobile phones, computers, and tablets.
Elastomers had the highest CAGR by type over the predicted period. Silicone elastomers are in great demand because of rising demand in the electronics, automotive, personal care, and medical industries. Linear polymers, reinforcing agents, a crosslinker, and a catalyst are used to create silicone elastomers.
During the forecast period, the silicone market in the Asia Pacific is anticipated to exhibit the greatest CAGR. China, India, Japan, and South Korea are the region's top silicone markets. Due to the existence of numerous small, medium, and big market players, the region has a sizable market share.
https://reports.valuates.com/request/customisation/QYRE-Auto-2Z8918/Global_Silicone_Market
Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Inquire For Regional Report: https://reports.valuates.com/market-reports/QYRE-Auto-2Z8918/global-silicone/4
Key players
- Xinapse Systems Ltd.
- Canon Medical Systems
- Sciencesoft USA Corporation
- Mim Software, Inc.
- Koninklijke Philips N.V.
- Image Analysis
- Esaote S.P.A
- Aquilab
- AGFA Healthcare
- Carestream Health, Inc.
- General Electric Company (GE)
- INFINITT Healthcare Co, Ltd.
- Merge Healthcare Incorporated
- Mirada Medical Limited
- Siemens Healthineers
Buy Chapters: https://reports.valuates.com/market-reports/QYRE-Auto-2Z8918/global-silicone/1
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-2Z8918&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- Automotive Transparent Silicone Market
- Silicone Coated Release Film Market
- Silicone Mold Release Agents Market
- Silicone based Fouling Release Coatings Market
- Two sided Structural Silicone Glazing Market
- Silicon Nitride Sales Market
- Global High Purity Arsenic Market
- Global High Purity Copper Powder Market
- Global High Purity Iron Market
- Global High Purity Hydrogen Market
- Global Ultra-High Purity Manganese Sulphate Market size was USD 74 million and it is expected to reach USD 209.3 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 13.1% during 2021-2027.
- Global Ultra High Purity Hydrogen Sales Market
- Polyethylene Market size is estimated to be worth USD 122550 million in 2022 and is forecast to a readjusted size of USD 142120 million by 2028 with a CAGR of 2.5% during the review period.
- Aseptic Packaging Market size was valued at USD 15,408.8 Million in 2020, and is expected to reach USD 32,301.4 Million by 2028, registering a CAGR of 9.8% from 2021 to 2028.
- High-density Polyethylene Market size is estimated to be worth USD 80690 million in 2022 and is forecast to a readjusted size of USD 97470 million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028.
- Low Density Polyethylene (LDPE) Market was valued at USD 34260 million in 2022 and is anticipated to reach USD 40230 million by 2029, witnessing a CAGR of 2.3% during the forecast period 2023-2029.
- Ultra High Molecular Weight Polyethylene Ropes (UHMWPE) Ropes Market
- Thermoplastic Composites Market size was valued at USD 15.2 billion in 2019, and is projected to reach USD 22.8 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.
- Containerboard Market size was valued at USD 155920 million in 2022, and it is anticipated to reach USD 198430 million by 2028, registering a CAGR of about 4.1% during the forecast period (2022–2028).
- Water Electrolysis Market size size is estimated to be worth USD 263.4 million in 2022 and is forecast to a readjusted size of USD 733.1 million by 2028 with a CAGR of 18.6% during the review period.
- Methionine market size was valued at USD 6623 million in 2022 and is anticipated to reach USD 8743.9 million by 2029, witnessing a CAGR of 4.0% during the forecast period 2023-2029.
- Maleic Anhydride Market size is estimated to be worth USD 3145.3 million in 2022 and is forecast to a readjusted size of USD 5389 million by 2029 with a CAGR of 7.9% during the forecast period 2023-2029.
- Polylactic acid Market size is estimated to be worth USD 1108.3 million in 2022 and is projected to reach USD 1346.7 million by 2028 with a CAGR of 3.3% during the forecast period.
- Ceramic Capacitor Market size is estimated to be worth USD 14660 million in 2022 and is forecast to a readjusted size of USD 23790 million by 2028 with a CAGR of 8.4% during the review period.
- Bentonite Market size is estimated to be worth USD 1422.7 million in 2022 and is forecast to be a readjusted size of USD 1640.3 million by 2028 with a CAGR of 2.4% during the forecast period.
- Bioplastics Market size was valued at USD 5.8 Billion in 2020 and is projected to reach USD 16.8 Billion by 2030, growing at a CAGR of 11.5% from 2021 to 2030.
- Antimicrobial Engineering Plastics market was valued at USD million in 2022 and is anticipated to reach USD million by 2029, witnessing a CAGR of % during the forecast period 2023-2029.
Similar Reports for Silicone Market
About Us:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
Contact Us:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
https://reports.valuates.com/sitemap/html/reports/566
https://reports.valuates.com/sitemap/html/reports/567
https://reports.valuates.com/sitemap/html/reports/569
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article