Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

Silicones Market to Reach 2.5 Million MT by 2022, Says Beroe Inc

researchsnappy by researchsnappy
December 13, 2019
in Healthcare Research
0
Silicones Market to Reach 2.5 Million MT by 2022, Says Beroe Inc
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

RALEIGH, North Carolina, Sept. 10, 2019 /PRNewswire/ —  The global market for Silicones is expected to grow at a CAGR of 4 – 5 percent to reach 2.5 million MT by 2022, according to Beroe Inc., a procurement intelligence firm. The high demand growth rate for silicones industry is mainly driven by electronics, construction, and automobile sector.

Beroe_Logo

On a global scale, the silicones market has surplus volume with more than half of the capacity concentrated in North America and Europe. In developing regions such as China, India, and LATAM, there is an increasing demand for silicones for manufacturing polyurethane-based products. With an expected 5 percent rise in the global electronics market, the demand for silicones is also expected to increase in the electronics industry globally.

https://www.beroeinc.com/category-intelligence/silicones-market

Beroe, which is based in North Carolina, further stated that procurement experts can access this report on its recently launched market intelligence platform Beroe LiVE: live.beroeinc.com

In North America, silicone formulations in energy or medical applications require high amounts of innovation, which are either proprietary or patented. This restricts the entry of the new participants in the silicones industry. On the other hand, the inactive demand in Europe for silicones from construction and other industrial applications has made European silicones a less attractive business opportunity for the new players.

A major constraint for the silicones industry is the growth of the organic personal care industry, which is expected to grow at a significant rate of nearly 9 – 10 percent to reach $9.2 billion by 2021. The organic industry’s growth is mainly strengthened by the long-term benefits offered by the natural ingredients along with the favorable administrative environment.

Key Findings:

  • The demand growth for silicones in North America and Europe will come from personal care and healthcare applications such as aesthetic implants and renewable energy sectors such as windmill and solar utilization.
  • Silicones have applications mostly in the industrial processes and construction sectors supported by Consumer Packaged Goods (CPG) industries.
  • Continuous innovation in the silicone industry has occurred to cope up with the progress of the divisions such as electronics, healthcare, and CPG.
  • In case the siloxane monomer capacity expansions announced by the major suppliers develop as per the scheduled timeline, the silicones market is expected to recapture balanced supply-demand essentials by 2021 – 2022.
  • The global base supplier is consolidated among three top suppliers; Dow, Momentive, and Wacker. These three companies hold more than 50 percent of the capacity share.
  • Due to the currency devaluation of GBP Post-Brexit, silicone exports are anticipated to increase further from the European plants in the upcoming years, and Europe will remain as the top export-driven economy for the silicone market.

The research methodology adopted for the report included:

  • Experts with twenty years of domain experience
  • Interaction with buyers
  • Inputs from supply chain partners

Volatile prices of silicon metal influence the price trends of silicones as it is the primary feedstock in silicone production. The other feedstock is methanol which is used in methylene chloride synthesis. However, the influence of methanol prices on silicones is relatively low.

The report also includes:

Market Analysis:

  • Value Chain Analysis
  • Global Market Outlook –
  • Regional Market Outlook (North America, Europe, and APAC)

Industry Analysis:

  • Industry Outlook (North America, Europe, and APAC)

Cost Analysis:

  • Cost Analysis (North America, Europe, and APAC)

Supplier Analysis:

  • Key Global and Regional Suppliers
  • Key Supplier’s Capability Analysis
  • Geographical Footprint
  • Supplier Market Share – Global
  • Detailed Supplier Profiling of the Top Five Global Suppliers
  • SWOT Analysis for the Top Five Global Suppliers

Industry Best Practices:

  • Types of Engagement and Sourcing Models
  • Contracts Adopted in the Industry

About Beroe Inc.:

Beroe is the world’s leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.

To learn more about Beroe Inc., please visit: http://www.beroeinc.com

Media Contact:
Debobrata Hembram
[email protected]

 

Cision

View original content:http://www.prnewswire.com/news-releases/silicones-market-to-reach-2-5-million-mt-by-2022–says-beroe-inc-300914807.html

Previous Post

what is it and why is important > CEOWORLD magazine

Next Post

Twitter Stock Can Gain Nearly 30% in 6 Months: Fund Manager

Next Post
Twitter Stock Can Gain Nearly 30% in 6 Months: Fund Manager

Twitter Stock Can Gain Nearly 30% in 6 Months: Fund Manager

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News
  • Top Company News

Top 10 Market Research Companies in the world

Market Research 101: How to Make Data Your Superpower

The Role of Artificial Intelligence in Transforming Market Research

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2023 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2023 researchsnappy.com