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Global silicone solutions for leather and textiles market to expand to $760 million by 2025

  7/12/2019 - San Francisco, CA - The global silicone solutions for leather and textiles market is expected to reach $760.7 million by 2025, according to a report by Grand View Research, Inc. Rising demand for transparent silicone coatings in fabric manufacturing, owing to their superior properties such as improved durability, as well as water, dirt and temperature resistance, is the key factor for industry growth. In terms of revenue, the leather segment is projected to ascend at a CAGR of 3.7 percent over the forecast period. Textiles application dominated the global silicone market in the textile and leather industry with a global market share of over 93.5 percent in 2017. The U.S. silicone market in the textile and leather industry is anticipated to exceed 20.6 kilotons by 2025. Significant gains in the automotive manufacturing sector in emerging economies, including China, India and Mexico, as a result of favorable government schemes aimed to promote investments, is expected to increase the requirement for textile products. Asia Pacific had a strong customer base and accounted for 42.5 percent of the overall market revenue share in 2017. Ascending demand for textiles and apparel, and increased demand for technical textiles are factors expected to boost the market growth over the forecast period. The aforementioned scenario is likely to be reflected in key countries such as India, China, Japan and Australia in the coming years. The industry is characterized by mergers and acquisitions, capacity expansion, distribution and branding, and research and development to improve the market share of manufacturers. Some of the key companies present in the industry are The Dow Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials, Inc. and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd., Siltech Corporation and Shin-Etsu Chemical Co., Ltd. Continuous fragmentation and growing competition among retailers are the key factors anticipated to propel the consumption of leather over the next few years. Increasing demand for leather in footwear, wallets, luggage, jackets and belts is anticipated to spur the market demand for silicone-based chemicals in the industry. Furthermore, silicone is used in various applications including soles, laces and 3D printing in the footwear industry. With respect to this, increasing efforts by manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys and Louis Philippe in developing innovative and unique footwear designs are projected to boost the growth of the footwear segment in the leather industry. This, in turn, is likely to drive the silicone market in the leather industry. Over the past few years, the manufacturing industry has been increasing expenditure for the incorporation of good quality safety equipment in shop floors, and utility operating places. Furthermore, product innovation by companies including 3M and DuPont for the enhancement of advanced protective clothing catering to the manufacturing sector is expected to play a crucial role in increasing demand for silicone in the textile industry in the near future. Continuing further, technological innovation in terms of the emergence of smart textile products in the electronics manufacturing sector as a result of the capability to implement distinguished technologically advanced operations, including reacting and sensing to the surrounding, is likely to remain as a major factor positively influencing market growth over the next eight years.

Tuesday, November 12, 2019

Global butyl rubber market forecast with a CAGR of 4.7 percent through 2024 - click to expand

Bridgestone wins trademark infringement lawsuit against Chinese tire manufacturer - click to expand

Solvay to raise Tecnoflon fluoroelastomer FKM capacity in Italy by 30 percent - click to expand

Mississippi Lime attains ISO certification - click to expand

Safic-Alca publishes sustainability report - click to expand

Geon Performance Solutions appoints Tracy Garrison chief executive officer - click to expand

Monday, November 11, 2019

Lubrizol expands halogen-free Estane ZHF TPU portfolio - click to expand

United Soft Plastics opens TPE facility in Houston - click to expand

West Pharmaceutical Services launches two elastomer product innovations at CPhI Worldwide - click to expand

Trinseo reports third quarter 2019 financial results - click to expand

Global silicone market forecast at $91.4 billion by 2026 - click to expand

Global latex-saturated paper market forecast at $3.67 billion by 2026 - click to expand

Friday, November 8, 2019

Book of the Day - Rubber Extrusion Technology Short Course Notes - click to expand

Global rubber molding market projected to reach $51.42 billion by 2026 - click to expand

Borealis and Borouge launch custom compounding service - click to expand

Apollo Tyres collaborates with GARC to establish first tire test track in India - click to expand

AirBoss announces third quarter financial results and dividend - click to expand

Tire Industry Association partners with retreading authority and releases two training programs - click to expand

Thursday, November 7, 2019

Winter tires market remains hotly contested as a $43 billion opportunity is in the offing - click to expand

Silicone gel market size to grow with a CAGR of 8.2 percent through 2025 - click to expand

MidAtlantic Rubber and Plastics Group holds educational symposium at Lehigh University - click to expand

Arlanxeo to close Keltan production unit in Orange, Texas - click to expand

Hexpol announces the departure of president Tracy Garrison - click to expand

Yokohama Tire sweeps SEMA Show’s Best New Tire awards - click to expand

Wednesday, November 6, 2019

Global Rubber Conference 2019 to be held in Hainan, China, December 12-14 - click to expand

Ontario Rubber Group meets November 19 - click to expand

ACE Products & Consulting announces CubeOne Robot - click to expand

Apollo Tyre reports second quarter financial results - click to expand

Specialty carbon black market forecast with a CAGR of 8.1 percent through 2025 - click to expand

Tuesday, November 5, 2019

Europe Rubber & Latex Expo 2020 to be held May 6-7 in Budapest, Hungary - click to expand

Goodyear accepting nominations for annual Highway Hero Award - click to expand

Cooper Tire plans to acquire 100 percent of its Mexico joint venture manufacturing facility - click to expand

Falken Wildpeak A/T Trail 01A chosen as original equipment for the 2020 Toyota RAV4 - click to expand

Global fluorosilicone rubber market forecast with a CAGR of 5.51 percent through 2025 - click to expand

Silicone adhesives market forecast with a CAGR of 8.2 percent through 2025 - click to expand

Market Reports

Global Butyl rubber market forecast with a CAGR of 4.7% through 2024 - click to expand

Global silicone market forecast at $91.4 billion by 2026 - click to expand

Silicone Oil market worldwide is projected to grow by $805.5 million - click to expand

Global latex-saturated paper market forecast at $3.67 billion by 2026 - click to expand

Global rubber molding market projected to reach $51.42 billion by 2026 - click to expand

Winter tires market remains hotly contested as a $43 billion opportunity is in the offing - click to expand

Silicone gel market size to grow with a CAGR of 8.2% through 2025 - click to expand

Specialty carbon black market forecast with a CAGR of 8.1% through 2025 - click to expand

Silicone adhesives market forecast with a CAGR of 8.2% through 2025 - click to expand

Rubber bonded abrasives market forecast with a CAGR of 4.2% through 2025 - click to expand

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