Monday 10 March 2014

Global Silicones Market worth $19.4 Billion by 2017

Silicone are inert,heat-resistant and rubber-like synthetic compounds with a variety of forms.Silicones are polymers that include silicon together with carbonhydrogenoxygen, and other elements.

Forms-


  • Silicone oil
  • Silicone grease
  • Silicone rubber
  • Silicone resin
  • Silicone caulk

(Source-Google images)

Moldmaking- 
Two-part silicone systems are used to create rubber molds used to cast resins, foams, rubber, and low-temperature alloys. A silicone mold generally requires little or no mold-release or surface preparation, as most materials do not adhere to silicone. For experimental uses, ordinary one-part silicone can be used to make molds or to mold into shapes. If needed, common vegetable cooking oils or petroleum jelly can be used on mating surfaces as a mold-release agent.

Cooking molds used as bakeware do not require coating with cooking oil, allowing the baked food to be more easily removed from the mold after cooking.
Other Applications-
  • Automotive
  • Coatings
  • Defoaming
  • Dry cleaning
  • Electronics
  • Firestops
  • Medicine
  • Ophthalmology
  • Personal care
  • Plumbing and building construction
  • Toys and hobbies

The global market for silicones in terms of revenues 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. The global market for silicones is presently experiencing strong growth mainly achieved by rising demand from its end-user applications, especially building and construction, plastics and chemical industry and are expected to drive growth over the next few years. The growth in the silicone market will be stimulated by expanding applications in motor vehicles, electronic components, and medical and personal care products.


The global silicone market is dominated by elastomers and fluids, together accounting for over 80% of the overall market in 2011. Silicones possess superior properties and characteristics which are extremely useful in the automotive, construction, medical and personal care and, electrical and electronics end-user industries which are witnessing significant growth especially in China and India. The overall outlook for global silicone market is attractive with demand expected to be strong in the near future.
Global Silicone Market Share, By Geography
Silicone Market 

Source: MarketsandMarkets Analysis
                             

                                                                                                                                                                                                   
                                                                                                         












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