The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Siloxane Resins. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Siloxane Resins Market across various industries and regions.
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The global siloxane market is expected to surpass a valuation of more than US$ 25 Billion in 2027 with the market reaching about 3,000 thousand tons of production.
Siloxane refers to the unstable organosilicon compounds that are made up of recurrent Silicon-oxygen (Si-O) bonds that occur in either cyclic or linear forms. Silicones are made from siloxanes and may take on a variety of physical shapes, ranging from solids and semi-viscous pastes to liquids and oils.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Siloxane Resins market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Siloxane Resins
This newly published and insightful report sheds light on Market Insights of Siloxane Resins, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Siloxane Resins Market. The report also comprises the study of current issues with end users and opportunities for siloxane market. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
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Global Siloxane Market: In-Depth Assessment on Key Segments
The global siloxane market is segmented on the basis of type, application and region.
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Consolidated Market Structure with Supply Fluctuation Dynamics
The global market for siloxane is one of the most competitive and consolidated markets as a limited number of manufacturers operate with a significant market share around the globe. The root of the problem has been a market that has witnessed rising fortunes for several years, with product supplies being limited and demand increasing. Some of the key developments in the global siloxane market are:
- In 2018, the Dow Chemical Company announced a new strategy for high returns, and low capital intensity investment in its upstream and downstream siloxane franchise. According to the investment plan, the company looks forward to setting up a functional siloxane polymer plant in Kentucky, USA, to accelerate siloxane production.
- In 2018, Wacker Chemie, the second largest manufacturer of siloxane, undertook a feasibility study to increase production in Germany by combining the capacity of 250,000 metric tons in Burghausen and Nuenchritz.
Some siloxane product manufacturers are of the opinion that most of the deficiencies can be traced back to the crucial raw material siloxane, with a handful of the major suppliers investing in adding resources to this critical building block in the last decade.
Key Takeaways of the Global Siloxane Market
- Siloxane elastomer’s preference over natural rubber for high-performance fluoroelastomers makes it a dominant product form, accounting for three fourth market share
- Research on the use of siloxane copolymers as a surface modifying agent are underway, and is likely to be commercialized over mid-term forecast
- Personal care and cosmetics are established verticals for siloxane, which are poised to reflect moderate growth of under 5% till 2027
- With an anticipated three-fold increase in demand, the electronic industry is poised to be the next growth epicenter for siloxane
- Asia Pacific is expected to maintain its lead in terms of supply, accounting for a near half of the global siloxane supply. China positioned as key consumer, given the high concentration of end-use industries such as personal care and cosmetic product manufacturers, food processing industries, plastic processing and pharmaceuticals industries
- The siloxane market is consolidated in nature, with Dow Chemical and Wacker, among a few others being the notable names. Wacker, in a bid to fulfill the heightened demand of siloxane and leverage the opportunity, has commenced work on developing a new siloxane production facility in South Korea to produce siloxane elastomers and sealants
“Positioned at a maturity curve of PLC, and established application of siloxanes leaves little room for growth to siloxane producers. Producers are now looking to explore new application areas in red ocean as well as blue ocean application categories”, says the Fact.MR analyst.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Siloxane Resins, Sales and Demand of Siloxane Resins, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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